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Tracy Area Market Report 2/14/08 vs. 1/11/08

by The Barringer Team

Market Report for Lathrop, Ca.
The following information is from the local MLS database, as of February 14 as compared to January 11, 2008.

ACTIVE Status:
Total # of Residential properties for sale: 270 263
Average # of days on market: 97 94
The Median price of all Homes for sale: $328,000 $340,000
The Average price of all Homes for sale: $344,000 $261,063

Lowest priced home: 2bd/2ba/923 sq.ft /$154,000
Highest priced home: 6bd/5ba/3,900 sq.ft/ $650,800

PENDING Status:
Number of properties currently under agreement: 40 21
Average pending price: $313,000 $381,562
Avr. pending home is 4bd, 3ba, 2200 sq.ft at a price and 79 days on the market.


SOLD Status(for previous 30 days):
Residential property sold over previous 30 days: 11 units or $3,468,990 6 units or $1,878,900 in sales volume.
Average sale price: $315,000 $318,100
High: $$479,000(6bd/4ba 3400 sq.ft home).
Low:
$147,000 (3bd/2ba 1172 sq.ft home)

Summery: Its like a light bulb came on. The market activity for sold homes has gone up by 2X. Values are still decreasing but inventory is moving. The market is beginning to stabilize.  
There are still at least 4 or 5 builders still competing for buyers in this small boom town of 10,000 people. Its hard to tell what all of the builders out there are doing because some post there sales to the MLS, some don't. I am guessing that the builders do have more sales then what is represented. The majority of all homes pending and sold are Bank owned properties. These sellers are the only ones who can compete on the same cooperate level some builders such as KB and Pulte . If you are a seller you have to Compete with these big boys. If you are a Buyer it is the Best time in years to buy. Interest rates are at a all time low and there is a ton of inventory to choose from. Which ever one you are call the Local EXPERTS to Show you the way. We also can negotiate with the new home builders for you. So call us or e mail us and we will bring you to the new homes and represent you. The builder pays us but we act as your BUYERS AGENT!  Call or e mail 1-800-894-7282 or e mail us at Tiger@bpbarringer.com

Below are links to previous Tracy Area Market Reports:

2/2/09 vs 1/2/09 http://www.tracyrealestateexpert.com/Blog/Tracy-Area-Market-Report-2209-vs-1209

1/2/09 vs. 12/1/08 http://tracyrealestateexpert.com/blog_post.asp?post=20478

12/1/08 vs. 11/3/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=19465

11/3/08 vs. 10/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=18625

10/1/08 vs. 9/2/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=17634

9/2/08 vs. 8/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=16678

8/1/08 vs. 7/9/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=15614

 4/4/08 vs. 3/4/08 http://tracyrealestateexpert.com/blog_post.asp?post=9503

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8914

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8913

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8227 

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8226

10/30/07 http://tracyrealestateexpert.com/blog_post.asp?post=5779

Tracy Area Market Report 2/14/08 vs. 1/11/08

by The Barringer Team

Market Report for Weston Ranch, Stockton

The following information is from the local MLS database, as of Febuary 14th as compared to January 11, 2008.



ACTIVE Status:
Total # of Residential properties for sale in Weston Ranch: 337 331
Average # of days on market: 82 86
The Median price of all Homes for sale: $249,000 $275,000
The Average price of all Homes for sale:$267,698 $283,431

Lowest priced home: 3bd/2ba/1,023 sq.ft /$179,900
Highest priced home: 6bd/4ba/3,376/$519,800

PENDING Status:
Number of properties currently under agreement: 60 43
Average pending price: $236,845 $243,562
Avr. pending home is 4bd, 3ba, 1908 sq.ft at a price $239,000 and 36 days on the market.


SOLD Status:
Residential property sold over previous 30 days:16 units or 3,586,848 10 units or $2,401,000 in sales volume.
Average sale price:$218,825 $240,100
Median sale price:$213,100  $219,098

High: $270,000 (4bd/3ba 2300 sq.ft home).
Low: $259,000 (2bd/2ba 1372 sq.ft home)
 

Summary: Weston Ranch is still a little sluggish. But there is a big overall  increase  in activity.  

 The Weston Ranch Market went up Faster than all of the surrounding markets in the past 4 years. This is why the prices there are going down faster than the surrounding markets at present { surrounding Markets} Tracy, lathrop, Manteca, Modesto, ect... If you are wanting to sell in this Market you have to compete with Bank owned homes as well as short sales. If you are a Buyer it is the BEST time in years to buy all things are in your favor Low interest rates and a huge amount of inventory to choose from. Which ever you are call the local EXPERTS to show you the way. The BARRINGER TEAM 1-800-894-7282  or e- mail us   tiger@bpbarringer.com

Below are links to previous Tracy Area Market Reports:

2/2/09 vs 1/2/09 http://www.tracyrealestateexpert.com/Blog/Tracy-Area-Market-Report-2209-vs-1209

1/2/09 vs. 12/1/08 http://tracyrealestateexpert.com/blog_post.asp?post=20478

12/1/08 vs. 11/3/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=19465

11/3/08 vs. 10/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=18625

10/1/08 vs. 9/2/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=17634

9/2/08 vs. 8/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=16678

8/1/08 vs. 7/9/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=15614

 4/4/08 vs. 3/4/08 http://tracyrealestateexpert.com/blog_post.asp?post=9503

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8914

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8913

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8227 

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8226

10/30/07 http://tracyrealestateexpert.com/blog_post.asp?post=5779

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The Barringer Team
Century 21 M&M and Associates
912 W 11th Street
Tracy CA 95376
209-833-7777
800-984-7282
Fax: 209-229-7426
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