Real Estate Information

Below is a common story happening in our office…

Yesterday a lady emailed about a home and said she heard my podcast about "Writing an Offer That Wins".  She went on about how she's written 20 offers with another Realtor and has never bought a home before.  She said it hit her when she heard my podcast.  She realized her agent was not aggressive enough, didn't have a strategy or any connections in the real estate industry. 

We made a few phone calls to help her out.  We spoke with the representative of the agent representing the investor.  Upon speaking with him, she purchased a home within 48 hours by simply following our instructions and using our "Buyer Advantage System". 

We would be happy to meet with you and explain our simple strategy for free with no obligations.  In our meeting, we will discuss the real estate market in all areas such as, Tracy, Manteca, Lathrop and Stockton.  

Here is Elysia’s; you can e-mail her to talk about her experience with the Barringer Team.  She wants to tell everyone because she is sooooo happy and that is what makes us happy. 

I was so excited about buying my first home.  But as I was going through the motions of finding a home, I found it wasn’t easy at all. 

I met with several Realtors, looked at so many homes for sale and submitted 20+ offers!!  So many offers I honestly lost count!!  I thought buying a home was going to be fun and exciting, but the experience I was having took all the excitement out of it.  I was so frustrated and discouraged that I almost gave up!  Until I read and heard Bill Barringer’s article about “writing a winning offer”.  I was so impressed with what he had to say that I immediately emailed him asking for his help.  Bill introduced me to Nicole, his buyer’s agent, who was absolutely wonderful!  We looked at ONE house, made ONE offer and my ONE offer was accepted the next day!!  I was speechless when Nicole told me my offer had won!  Working with the Barringer Team was the best decision I made. They are awesome and I would tell everyone, “Call them FIRST!” They are not lying when they say “It really is all about working with a Realtor who knows the business!”

Check it out for yourself at:  http://www.tracyrealestateexpert.com/Blog/Writing-An-Offer-That-Wins. 

Or click here to hear my podcast: http://www.talkrealty.com/billbarringer/audio/player.aspx

Feel Free to e-mail me, I would be happy to tell this story to anyone.

A happy new home owner!

Elysia Keel

Elysia.keel@bankofthewest.com

Yesterday a lady emailed about a home and said she heard my Podcast about "Writing An Offer That Wins".  She went on about how she's written 20 offers with another Realtor and has never bought a home before.  She said it hit her when she heard my Podcast.  She realized her agent was not aggressive enough, didn't have a strategy or any connections in the real estate industry. 

We made a few phone calls to help her out.  We spoke with the representative of the agent representing the investor.  Upon speaking with him, she purchased a home within 48 hours by simply following our instructions and using our "Buyer Advantage System". 

We would be happy to meet with you and explain our simple strategy for free with no obligations.  In our meeting, we will discuss the real estate market in all areas such as, Tracy, Manteca, Lathrop and Stockton. 

Bill Barringer

(209) 833-7777

So last week was our annual Century 21 Awards Dinner.  We don’t usually go, but this year was special to our team.  First off, it was held in Monterey, a favorite place of mine as well as the team’s.  Secondly, we were the #1 team out of 19 Century 21 M&M offices and 750 agents! We also ranked #3 out of all Northern California teams and #44 out of the whole country.  “What an honor!” Bill thought.  So he rounded up the gang and we headed to Monterey ready for a fun filled rewarding trip.

We got there Thursday morning and checked in to the Marriott Hotel right on the wharf. And to my astonishment Bill and Pat had ordered champagne and strawberries to my room, as well as Brian’s and Sally’s, with a special card for me as well as a happy birthday card for my mom. They truly are spectacular people! 

What a beautiful day!  On the drive up, the hills were so fresh and green with the little yellow weeds scattered about everywhere making for a very spring picture.  The sky was as blue as could be with beautiful puff clouds strewn about.  It was about 65 degrees with a slit breeze.  We couldn’t ask for a more perfect day to be in Monterey.   

After the hotel check, we headed to Cannery Row.  One of my favorite places.  It’s 5 blocks of cafes, galleries, shopping and fun!  It was made popular in the mid 1800s for canning purposes obviously, but later in 1945 John Steinbeck wrote about the many treasures Cannery Row has to offer.  It sits right on the water, so a day like we had last Thursday was perfect for strolling along “the row”.  We had lunch at a little bistro right across the street from the Monterey Bay Aquarium.  As we sat and had lunch we watched all the little children scatter around coming and going from the Aquarium on their fields trips. 

Once lunch was finished and our stomachs were happy, we headed to our favorite spots to shop, one of them being Silver, Sand and Stone.  We can never walk away with out getting one little treasure.  This time it was special though as it was my mother’s, Karla, birthday.  So the gentleman in the store gave us a special deal.  He said to pick the most expensive thing in the store and he would give her 70% OFF of the total purchase price! What a nice guy!!  My mom picked what she wanted and we went on our way.  We walked up and down Cannery Row taking pictures of the beautiful scenery.  I couldn’t get over how beautiful it was that day so I kind of went over board with picture taking. 

It was time for us to leave to go back to our room and start getting ready for our wonderful dinner at the Marriott.  I started getting ready immediately because I knew something would happen and I wouldn’t have enough time if I didn’t start right away.  Low and behold that’s just what happened.  My mother decided to take a quick nap and she found herself rushing at the last minute because we had to meet Bill and Pat in their room for a “pre” cocktail party.  Luckily she doesn’t take as long as I do to get ready so we were only a few minutes behind.   

Around 6 o’clock Bill, Pat, Brian, Sarah, Andrew, my mom and I headed down to the Mezzanine floor where we were embraced by hundreds of Century 21 employees.  It was great fun!  Cocktails were flowing and people were having a grand time.  Once it hit the 7 o’clock hour we entered into the San Carlos Ballroom where we sat and awaited our delicious dinner.   We started out with a wedge salad wrapped in a strip of bacon with blue cheese crumbles splattered on the plate with Cesar dressing.  Our second course consisted of beef, seafood or vegetarian.  I chose to be a vegan and had the vegetarian dish.  It was puff pastry stuffed with spinach, corn, carrots and an array of vegetables.  It was superb!  It came with two strands of asparagus, mashed potatoes and couscous.  Bill, being the gentleman he is, bought the ladies at the table 2 bottle's of chardonnay.  It was absolutely amazing.  Then came dessert, my favorite part, it was tiramisu, I believe, but whatever it was I finished it of course.   

After all the eating was done the award ceremony started.  That seemed to take quite awhile but I was entertained by the guests at our table.  The comedians of the night were Juana and Grace.  They kept us entertained the duration of the evening.  Around 10 o’clock the awards had ended and we headed up to our rooms to rest up for our next day in Monterey.

I woke up and went on a spectacular run along the wharf.  You could see the clouds coming in along the water because there was a storm headed our way.  Once I got back Bill and Pat wanted everyone to meet downstairs to have breakfast.  So we did just that and after breakfast my mom and I headed to our utmost favorite place to visit, Carmel.  It was not as clear as the day before in Monterey, but it was just as beautiful.  We drove down to Carmel State Beach and got out.  Let me just say I have never seen it so empty down there, but I could understand why once I stepped foot out into the elements.  The winds were blowing probably at 20 mph and the sand was hitting you like little pellets.  It didn’t daunt me because I love Carmel so much!  We only stayed on the water for about a minute and then we were back in the car trying to find a place to park so we can continue our shopping.  We went to our favorite bakery once we were settled and I grabbed a quick coffee and my mom had a shortbread cookie.  We didn’t get to stay long because of the weather, but the time we did have there was amazing.

Bill and Pat are the most gracious people ever!  I can’t thank them enough.

The following information is from the local MLS database, as of March 2, 2010 and is compared to (February 1, 2010).  If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 423 (381)

# of REO (foreclosures): 57 (49)

# of Short Sales: 284 (260)

Average # of days on market: 82 (89)

The median price of all homes for sale in Tracy: $254,900 ($255,000)

The average price of all homes for sale in Tracy: $353,929 ($364,219)

Lowest priced home: 1bd/637 sq. ft. /$49,500

Highest priced home: 6bd/5,937 sq. ft. /$2,650,000

PENDING Status

Number of properties currently under agreement: 281 (276)

# of REO: 83 (77)

# of Short Sales: 138 (147)

Average pending price: $220,879 ($219,614)

 Average pending home is 4 bedrooms, 1,975 square feet at a price of $220,879 that stays 38 days on the market.

SOLD Status

Residential property sold over previous 30 days: 97 homes or $22,192,250 in sales (91 homes or $22,220,740 in sales)

REO’s sold in the last month: 41 (31)

Short sales sold in the last month: 27 (29)

Average sale price: $228,786 ($244,184)

Median sale price: $225,000 ($245,000)

High: 439K (6bd/4,098 sq. ft. home)

Low: 85K (1bd/814 sq. ft. home)

Mountain House, CA

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 85 (82)

# of REO (foreclosures): 5 (5)

# of Short Sales: 68 (65)

Average # of days on market: 19 (36)

The median price of all homes for sale in Mountain House: $325,000 ($299,900)

The average price of all homes for sale in Mountain House: $322,712 ($322,941)

Lowest priced home: 2bd/1,262 sq. ft. /$184,900

Highest priced home: 5bd/3,858 sq. ft. /$429,000

PENDING Status

Number of properties currently under agreement: 90 (91)

# of REO: 19 (20)

# of Short Sales: 42 (54)

Average pending price: $299,805 ($292,281)

Average pending home is 4 bedrooms, 2,592 square feet at a price of $299,805 that stays 38 days on the market.

SOLD Status

Residential property sold over previous 30 days: 25 homes or $7,747,200 in sales (24 homes or $7,064,900 in sales)

REO’s sold in the last month: 13 (10)

Short sales sold in the last month: 11 (10)

Average sale price: $309,888 ($294,371)

Median sale price: $301,000 ($307,500)

High: 399.9K (6bd/4,082 sq. ft. home)

Low: 223K (3bd/1,753 sq. ft. home)

Lathrop, CA

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 121 (95)

# of REO (foreclosures): 26 (13)

# of Short Sales: 78 (71)

Average # of days on market: 38 (41)

The median price of all homes for sale in Lathrop: $198,800 ($198,500)

The average price of all homes for sale in Lathrop: $243,237 ($212,921)

Lowest priced home: 2bd/728 sq. ft. /$57,500

Highest priced home: 5bd/3,840 sq. ft. /$2,500,000

PENDING Status

Number of properties currently under agreement: 74 (88)

# of REO: 37 (41)

# of Short Sales: 28 (31)

Average pending price: $186,520 ($186,829)

Average pending home is 4 bedrooms, 2,261 square feet at a price of $186,520 that stays 39 days on the market.

SOLD Status

Residential property sold over previous 30 days: 31 homes or $6,098,000 in sales (29 homes or $5,255,700 in sales)

REO’s sold in the last month: 16 (17)

Short sales sold in the last month: 2 (6)

Average sale price: $196,710 ($181,231)

Median sale price: $204,000 ($190,000)

High: 310K (5bd/3,969 sq. ft. home)

Low: 68K (3bd/988 sq. ft. home)

Weston Ranch, CA

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 105 (113)

# of REO (foreclosures): 19 (21)

# of Short Sales: 78 (69)

Average # of days on market: 38 (33)

The median price of all homes for sale in Weston Ranch: $164,900 ($169,900)

The average price of all homes for sale in Weston Ranch: $164,991 ($173,217)

Lowest priced home: 3bd/1,348 sq. ft./$110,000

Highest priced home: 5bd/3,000 sq. ft./$229,000

PENDING Status

Number of properties currently under agreement: 106 (84)

# of REO: 42 (33)

# of Short Sales: 35 (36)

Average pending price: $150,011 ($145,185)

Average pending home is 4 bedrooms, 1,984 square feet at a price of $150,011 that stays 35 days on the market.

SOLD Status

Residential property sold over previous 30 days: 31 homes or $4,937,100 in sales (35 homes or $5,864,800 in sales)

Short sales sold in the last month: 10 (4)

REO’s sold in the last month: 14 (22)

Average sale price: $159,261 ($167,566)

Median sale price: $158,000 ($159,000)

High: 225K (6bd/3,376 sq. ft. home)

($225,150 (6bd/3,376 sq. ft. home))

Low: 90K (3bd/1,547 sq. ft. home)

($117,500 (3bd/1,547 sq. ft. home))

Spring is here and we are enjoying the Green hills and blooming of beautiful Flowers here in Tracy,California.

When is it a good time to invest in residential Real Estate?  This is a question that I am asked very often.  My standard answer these days is "NOW"!  Several years back when residential home prices were at their peak and mortgage interest rates were higher than they are today, we saw investors standing in line and entering into bidding wars to purchase investment homes.  At that time these investors had no chance of purchasing a property that cash flowed, yet they were eager to buy.  Today we have unbelievably low home prices.  In some case 30% lower that during the heated market.  In combination with the low home prices we also are experiencing historically low mortgage interest rates.  Additionally, we are seeing rental rates remain steady at at about the same rates as during the hot market several years ago.  With this combination investors should be rushing to buy.

Over the past year we have helped many veteran Real Estate investors and many new investors make some great purchases that not only cash flow today, but will have a great return on their initial investment down the road as the market picks up and home prices go on the rise again.  Clearly if you purchase at the bottom of the market your investment is going to do much better than buying at the peak.  Today, I am seeing so many opportunities out there that it would be easy to find great investments for many.  We are also helping investors take their retirement funds and invest them through self directed IRA's which is a great way to purchase investment property.  

If you are thinking about investing, don't wait.  The combination of being at or very near the bottom of the market and the current low mortgage rates will not last forever.  In fact the governments announcement that they will soon discontinue the purchase of mortgage backed securities is a sure sign that interest rates are soon going on the rise.  If you would like to explore the purchase of investment Real Estate, please contact me for a no obligation consultation.

Have An Awesome Week!

In Tracy's current market it is completely run by bank owned homes.  When a buyer wants to purchase a home there are numerous factors to consider.  Here is a list of factors based on priority.

The Agent You Choose To Represent You Is Almost Everything.  I know you are thinking, "Why is that so important?!"  The answer is simple, you need an agent with many years of experience and one that is well known in the community of other agents.  Most of all the business done by 20% of the agents in Tracy do 80% of the business.  What this means for you, the buyer, is when you are represented by the Barringer Team; the other agent knows they are going to get to the closing table because they most likely have worked with us before.

Fewest Contingencies Win.  We do all of our homework up front.  The lender you choose also really plays a BIG role.  We want to come in with the strongest offer possible.  This means quick close, quick inspection time frames and high dollar deposits.

Lender.  We primarily use Alex Alvarez with Wells Fargo.  The advantages are great!  First, we have been partners for over 15 years.  This means he is accountable to us and you will get a good deal as well as good service. If the home is a bank owned home by Wells Fargo, then it will be looked at more favorably than other offers not using Wells Fargo as their financing.  That's because you are using Wells as YOUR financing. 

Being Fast.  How fast and professional an offer and pre-approval letter is submitted means everything!  The Barringer Team uses a system called Doc-U-Sign.  The contract is signed and dated over the Internet and it is recognized by most banks as a legal contract even though it has no "wet signatures" on it.

Being First To Know.  In the Tracy area many times we are made aware of listings before they hit the open market.  Our sources are the banks themselves, bank listing agents and investors.  All of whom we have working relationships with.

So, here's a question for you.  Would you rather walk into a clean home or a dirty one?  No, it's not a trick question but it is an important one.  You see, when it comes to selling a home, many people forget how important the answer to that question really is.  Sellers get busy looking for their new home, preparing the kids for a move, packing up their belongings, getting organized for their new life and relocation so much that sometimes their home that's for sale doesn't get the TLC that's needed to push it to the top of the buyers' must-have list.

It's not until the home sits on the market for long periods that sellers realize something has to change.  Sometimes it's the marketing, sometimes it's the price, and sometimes it's the fact that the home that's being shown isn't clean enough.  Yes, a clean home shows better and there are five ways to make yours sparkle from roof to baseboards.

Hard to Reach Windows/Skylights.  These often get overlooked either because they're difficult to access to clean or because they aren't at eye level. Whichever the case, cleaning windows in high ceilings or skylights provides a brighter light to shine in your home.  Sometimes just getting out the cloud of dust and dirt that accumulates can make a difference between a murky-looking room and one that is eye-catching.  And here's a tip from Buzzle.com, "Clean the windows on a cloudy day, but not a rainy one.  If you clean the windows in the direct light of the sun, traces can appear on the window, as the cleaning solution gets dry before cleaned."

Baseboards and Walls.  I have written about giving your home a fresh coat of paint prior to putting it on the market.  But maybe you can get away with a good wipe-down instead.  Using a wet, mildly soapy cloth you can scrub the baseboards and walls to make them look like they've had a fresh coat of paint, if the paint isn't chipped or too worn.  However, a product called Mr. Clean's Magic Erasers will save you the mess and ease the elbow grease.  These rectangular-shaped cleaning pads help take the grime off nearly everything.  You don't have to spray anything on the surface you're going to clean; just wet the eraser and wipe off the marks.  I've done whole walls with these pads and made it look as though the wall had been freshly painted.  be sure to get the baseboards and get down to kids' level and wipe off the marks where they place their fingers while walking down the hall or up the stairs.  When buyers see homes that are scoffed and worn like that, they may think it's an indication that the home might not have gotten the care it needed for the bigger things too- such as furnace, disposal, plumbing, electrical wiring, etc.  It gives a general feeling of un-cleanliness and can leave a negative lasting impression.

Toilets.  It may seem like this goes without saying but I'm sure any real estate agent you ask will have a horror story about toilets.  Whether they're leaking, continuously running, stained, or simply stinky, they pose a major deterrent.  If you've got an older toilet, give it a good inspection and be sure to check under the lid.  Buyers sometimes use your toilet when they're looking at your home and nothing is worse than seeing rust stains and other unsightly marks.  A good product is Zep Toilet Bowl Cleaner.

Tile.  When you're showing your house, hopefully, you'll get lots of foot traffic.  This, however, can lead to very dirty flooring and grout.  Yes, you can supply those footies and the sign placed by the door asking buyers to remove their shoes or put the footies on before entering your home, but, the truth is, not all will comply.  Still, the tile and the condition of the grout will matter to buyers should they decide to make an offer.  There are certainly many products to get the dirt out of those tiny grout lines; one that I've had success with is called Heavy Duty Acidic Cleaner for tile.  Use a brush to really scrub those dirty lines; doing so will make the tile standout and not look like it needs-re-grouting.

Closets, Cabinets, Computer areas.  "Buyers love to snoop and will open closet and cabinet doors."  That's according to About.com Guide, Elizabeth Weintraub.  She writes about the need to de-clutter closets, hang shirts all facing the same way, and even alphabetize the spice cabinet. Wow! Love it! I realize you may feel you don't have time for all of that.  Still, the point is, don't have junk stuffed inside closets and cabinets so that when potential buyers open them to have a peek, everything comes crashing down on them- and gives the impression that the closets are too small.  Computer areas are becoming more popular in homes and behind most of those computers is a tangled web of wires collecting tons of dust.

Organize the wires using Velcro zip-ties and dust them off!  Or, better yet, if you don't have to use the computer daily, arrange the area like you were filming a movie or shooting an advertisement- you never see wires. Remove all of the computer and accessory electronic cords.  You can leave the monitor display on the desk but taking away the wires and storing them will give the area a more spacious, clean, and professionally staged look.  A little cleaning and preparation before you market your home will help show buyers that you've cared for the house and that could be just the signal a buyer needs to make an offer. 

Chongchua, Phoebe. "Clean Homes Show Better- Five Areas To Scrub to Make Yours Sparkle." Realty Times. 19 Feb. 2010. Web. 22 Feb. 2010. <http://realtytimes.com/rtpages/20100219_cleanhomes.htm>.

The U.S. Commerce Department today reports that housing starts rose 2.8% in January to an annual rate of 591,000 yet permits for new building projects fell 4.9% after an uptick in December.  So, homes broke ground, but is the forecasters' celebratory dance premature, given that permits aren't rising along with starts?

"Despite the mixed performance at the start of the year, the outlook for growth in housing activity remains positive," Commerce Under Secretary Rebecca Blank said.  "Americans continue to recognize that this is a good time to buy a home.  Mortgage rates are low and the Administration's decision to extend the tax credit through April provides attractive oppurtunities for buyers in the coming months."

Yes, mortgage rates are low, but so is demand for loans.  Builder sentiment dropped last month despite the starts and just last month, the NAHB said that "the current financial situation has led to sharply decreased construction of communities that serve the market.  Without a chance in the availability of capital for development and construction, there could well be a shortage of such housing when it is most needed."

Check out our new Podcast. It tells you about the current market here in the San Joaquin Valley. It is updated monthly so be sure to check it out every month it is a very informative tool that all buyers and sellers should take advantage of.

The following information is from the local MLS database, as of February 1, 2010 and is compared to (January 4, 2010).  If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Tracy, CA 

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 381 (387)

# of REO (foreclosures): 49 (52)

# of Short Sales: 260 (255)

Average # of days on market: 89 (80)

The median price of all homes for sale in Tracy: $255,000 ($250,500)

The average price of all homes for sale in Tracy: $364,219 ($356,954)

Lowest priced home: 1bd/637 sq. ft./$41,900

Highest priced home: 6bd/5,937 sq. ft./$2,650,000

PENDING Status

Number of properties currently under agreement: 276 (234)

# of REO: 77 (90)

# of Short Sales: 147 (129)

Average pending price: $219,614 ($217,287)

Average pending home is 4 bedrooms, 1,969 square feet at a price of $219,614 that stays 39 days on the market.

SOLD Status

Residential property sold over previous 30 days: 91 homes or $22,220,740 in sales (127 homes or $31,140,301 in sales)

REO’s sold in the last month: 31 (54)

Short sales sold in the last month: 29 (38)

Average sale price: $244,184 ($245,199)

Median sale price: $245,000 ($245,000)

High: 540K (7bd/4,051 sq. ft. home)

Low: 61K (1bd/800 sq. ft. home)

Mountain House, CA

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 82 (82)

# of REO (foreclosures): 5 (10)

# of Short Sales: 65 (62)

Average # of days on market: 36 (36)

The median price of all homes for sale in Mountain House: $299,900 ($287,894)

The average price of all homes for sale in Mountain House: $322,941 ($297,567)

Lowest priced home: 3bd/1,671 sq. ft. /$244,900

Highest priced home: 5bd/4,082sq. ft. /$430,000

PENDING Status

Number of properties currently under agreement: 91 (86)

# of REO: 20 (26)

# of Short Sales: 54 (48)

Average pending price: $292,281 ($291,893)

Average pending home is 4 bedrooms, 2,584 square feet at a price of $292,281 that stays 57 days on the market.

SOLD Status

Residential property sold over previous 30 days: 24 homes or $7,064,900 in sales (29 homes or $8,630,236 in sales)

REO’s sold in the last month: 10 (13)

Short sales sold in the last month: 10 (4)

Average sale price: $294,371 ($297,594)

Median sale price: $307,500 ($300,000)

High: 480K (5bd/4,023 sq. ft. home)

Low: 142K (2bd/1,262 sq. ft. home)

Lathrop, CA

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 95 (90)

# of REO (foreclosures): 13 (16)

# of Short Sales: 71 (67)

Average # of days on market: 41 (64)

The median price of all homes for sale in Lathrop: $198,500 ($199,900)

The average price of all homes for sale in Lathrop: $212,921 ($223,102)

Lowest priced home: 2bd/1,120 sq. ft. /$119,900

Highest priced home: 5bd/4,165 sq. ft. /$349,650

PENDING Status

Number of properties currently under agreement: 88 (88)

# of REO: 41 (42)

# of Short Sales: 31 (30)

Average pending price: $186,829 ($185,279)

Average pending home is 4 bedrooms, 2,256 square feet at a price of $186,829 that stays 37 days on the market.

 SOLD Status

Residential property sold over previous 30 days: 29 homes or $5,255,700 in sales (33 homes or $5,888,060 in sales)

REO’s sold in the last month: 17 (14)

Short sales sold in the last month: 6 (4)

Average sale price: $181,231 ($178,426)

Median sale price: $190,000 ($169,000)

High: 255K (6bd/2,921 sq. ft. home)

Low: 70K (2bd/913 sq. ft. home)

Weston Ranch, CA

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 113 (111)

# of REO (foreclosures): 21 (19)

# of Short Sales: 69 (74)

Average # of days on market: 33 (31)

The median price of all homes for sale in Weston Ranch: $169,900 ($175,000)

The average price of all homes for sale in Weston Ranch: $173,217 ($175,662)

Lowest priced home: 3bd/1,348 sq. ft./$110,000

Highest priced home: 6bd/3,000 sq. ft./$229,000

PENDING Status

Number of properties currently under agreement: 84 (86)

# of REO: 33 (41)

# of Short Sales: 36 (32)

Average pending price: $145,185 ($147,819)

Average pending home is 4 bedrooms, 1,942 square feet at a price of $145,185 that stays 37 days on the market.

SOLD Status

Residential property sold over previous 30 days: 35 homes or $5,864,800 in sales (44 homes or $6,569,880 in sales)

Short sales sold in the last month: 4 (9)

REO’s sold in the last month: 22 (26)

Average sale price: $167,566 ($149,315)

Median sale price: $159,000 ($147,500)

High: $225,150 (6bd/3,376 sq. ft. home)

(238K (6bd/3,153 sq. ft. home))

Low: $117,500 (3bd/1,547 sq. ft. home)

(82K (2bd/1,070 sq. ft. home))