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Steve Jobs Commencement Address an Awesome Read

by The Barringer Team

 Steve Jobs, who stepped down as CEO of Apple Wednesday after having been on medical leave, reflected on his life, career and mortality in a well-known commencement address at Stanford University in 2005.

Here, read the text of of that address:

I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I've ever gotten to a college graduation. Today I want to tell you three stories from my life. That's it. No big deal. Just three stories.

The first story is about connecting the dots.

I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?

It started before I was born. My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: "We have an unexpected baby boy; do you want him?" They said: "Of course." My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college.

Journal Community

 

And 17 years later I did go to college. But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting.

It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for the 5¢ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it. And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example:

Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer, was beautifully hand calligraphed. Because I had dropped out and didn't have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and san serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can't capture, and I found it fascinating.

None of this had even a hope of any practical application in my life. But ten years later, when we were designing the first Macintosh computer, it all came back to me. And we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts. And since Windows just copied the Mac, it's likely that no personal computer would have them. If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards ten years later.

Again, you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.

My second story is about love and loss.

I was lucky — I found what I loved to do early in life. Woz and I started Apple in my parents garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4000 employees. We had just released our finest creation — the Macintosh — a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.

I really didn't know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down - that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me — I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over.

I didn't see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.

During the next five years, I started a company named NeXT, another company named Pixar, and fell in love with an amazing woman who would become my wife. Pixar went on to create the worlds first computer animated feature film, Toy Story, and is now the most successful animation studio in the world. In a remarkable turn of events, Apple bought NeXT, I returned to Apple, and the technology we developed at NeXT is at the heart of Apple's current renaissance. And Laurene and I have a wonderful family together.

I'm pretty sure none of this would have happened if I hadn't been fired from Apple. It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don't lose faith. I'm convinced that the only thing that kept me going was that I loved what I did. You've got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don't settle.

My third story is about death.

When I was 17, I read a quote that went something like: "If you live each day as if it was your last, someday you'll most certainly be right." It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: "If today were the last day of my life, would I want to do what I am about to do today?" And whenever the answer has been "No" for too many days in a row, I know I need to change something.

Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.

About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn't even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor's code for prepare to die. It means to try to tell your kids everything you thought you'd have the next 10 years to tell them in just a few months. It means to make sure everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.

I lived with that diagnosis all day. Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I'm fine now.

This was the closest I've been to facing death, and I hope it's the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept:

No one wants to die. Even people who want to go to heaven don't want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life's change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.

Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960's, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.

Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: "Stay Hungry. Stay Foolish." It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.

Stay Hungry. Stay Foolish.

Bank Of America is the Worst!

by The Barringer Team

 Bank of America is just so bad I cannot even begin to tell you. We are located in Tracy, California where the majority of all our sales are Short Sales. Our Values have taken about a 65% hit to the down side. We have been forced to work these Short Sales now for the last 4 years and I can tell you that Wells Fargo and Chase are getting allot better to work with as of late but I can tell you in the realtor community it is well known that Bank of America has gotten Worse. Every deal with them is delayed for some stupid reason. We have 3 Short Sales going with them at present. 

    On the first one, just one loan but has MI.  After much effort the MI approved making sure that they will get their amount they needed (we cut commission by 1% as they do  not allow the seller to contribute because we are in California, which is bull).  Investor approved, I have been talking to our negotiator asking where is our letter.  It has been 2 weeks now and we will need to do another extension to give buyer 30 days.  She says that the new rules are that she has to give everything to their quality control after she gets investor approval.  They look at it and if there is anything missing it gets kicked back to her. then the corrects it and sends it in again.  It goes into a queue.  Every time I call her she SAYS she has talked to her manager etc. but going on another week and still no approval letter....

The two others are with UTLS.. boy oh boy, they really need babysitting.  One has been in the system for 4 months had a cash buyer but they sent it to the wrong  vendor(LRC) then they got it to UTLS and they sent it to the wrong agent email.  Our buyer left us and we were able to get another cash buyer they are still dragging it out and now we have a sale date of 8/30.  Finally talked to the negotiator who is handling it and she is sending out the BPO. We can't possibly close by 8/30 and she told me she can't postpone till 7 days before the date.  They sent it to the wrong vendor and we had to call and call for close to 60 days to point this out to them. No wonder there Stock is going down and down. There is NO Accountability, One negotiator told us you have to keep calling all of the time to stay on these people otherwise they don't do anything. 

We are doing 2 other Short Sales with Chase and Wells Fargo and they CALL US with updates. What is Wrong with Bank of America it has to be the leadership. Does anyone have any ideas on how to get through to these people?  

 

Cheaper To Buy Than To Rent

by The Barringer Team

Home prices have taken such a beating and demand for rental units has increased so much that it's now cheaper to buy a two-bedroom home than to rent one in most major U.S. cities.

According to real estate web site Trulia, buying was cheaper than renting in 74% of the country's 50 largest cities in July. In just 12% of the cities, including New York, Seattle and San Francisco, renting was cheaper. In the remaining 14% of cities, renting was less expensive but close to the cost of buying.

In addition to a continuing decline in home prices, rock-bottom interest rates have added a lot of weight to the buy side of the scale. The overnight average rate for a 30-year fixed was just 4.19% on Monday, according to Bankrate.com. A 15-year fixed averaged just 3.43%.

Add in the tax perks of home ownership and for those who can afford it (and who can actually qualify for a loan), it certainly is a buyer's market.

"It's a personal decision, of course. But if you have a steady job and you are planning to stay for seven years or more and have enough cash to put 20% down and enough left over for seven or eight months of expenses, you're better off buying in most places," said Daisy Kong, a spokeswoman for Trulia.

Top buyer's markets

Las Vegas offered the most compelling buy-side math, Trulia's survey found.

Prices there have plunged more than 59% from their August 2006 peak, according to the S&P/Case-Shiller home price index.

The median price of a two-bedroom, two-bath condo or townhouse is about $60,000, according to Trulia, a ratio of only six times the median annual rent of a similar rental apartment, which is $9,700.

Monthly mortgage payments on a median-priced Vegas condo would come to only $256 on a 30-year, 5% interest loan. Even factoring in property taxes and common charges of roughly $300 a month, the monthly amount is still much lower than the $810 in monthly rent they would pay on a similar place.

Detroit, according to Trulia, is another metro area where buying is better. The median price for a condo or townhouse is about seven times annual rent. Home prices in Mesa, Ariz. and Fresno, Calif. also clock in at seven times rent.

Arlington, Texas, Sacramento, Calif., Phoenix and Jacksonville, Fla. all had buy-rent ratios of eight, Trulia said.

Top renter's markets

Even though rents average $2,980 a month in New York (the highest of any of the 50 markets), it's still the best city for renters, according to Trulia's survey.

Paying for the same kind of two-bedroom Manhattan apartment would cost 36 times as much, nearly $1.3 million.

One surprising place where renting is cheaper is Ft. Worth, Texas; buying exceeds renting costs by 32 times. Part of the reason is there are relatively few condos in the city and they tend to be upscale and costly. That, combined with low rents of about $9,500 a year, make renting cheaper.

Big money towns

Omaha, Neb., where buying is 27 times annual rents, Seattle and San Francisco, which both clock in with purchase prices that are 24 times rents, and Kansas City, at 22 times rents, are other places where renting makes financial sense.

Should you rent or buy?

The buy-rent calculation is just one part of the decision-making process. Other factors include:

How long you plan to stay. If you're not keeping the home for several years, transactional costs of buying and selling (e.g; commissions, closing costs) can wipe out any buying edge.

Whether you have cash for closing. It's not easy to find banks willing to lend more than 80% of the cost of a home. That means buyers have to come up with 20% down, plus closing costs. On a $200,000 home, that's $40,000.

Whether you can cover all the homeownership costs. It's not just the mortgage: There are property taxes, insurance, heat, utilities and regular maintenance.

Whether you can claim the tax advantages of homeownership. Mortgage interest is deductible and can shave a lot off tax bills but this benefit accrues mostly to high income earners with substantial mortgage payments. Many borrowers claim the standard deduction on their taxes and so derive no savings from the deduction.

Even where it's cheaper to rent, it doesn't necessarily mean renters will come out ahead, according to Ken Johnson, a real estate professor at Florida International University and co-author of a new study on whether it's better to buy or rent.

"Paying off a mortgage is a kind of forced savings," he said. Each check homeowners write lowers the balance they owe and increases the value of their property holdings. That, unlike cash in a bank account, is not easy to tap.

Homeowners have to go through a lengthy and costly process to access it by taking out a home equity loan or a cash-out refinance -- actions they tend not to take unless there's a specific need.

Where the jobs are

Depending on where they live, renters may save on monthly expenses but, unlike the forced savings of mortgage payments, they won't have anything to show for their monthly payments in the way of savings.

Ultimately, however, the decision whether to buy or rent depends on each person's situation and their plans for the future.

While buying a home may be an attractively cheap option these days, many mortgage holders have found out the hard way that the joys of homeownership can turn sour should the unexpected strike.

View this article on CNNMoney

F.H.A. loan limits Going Down!

by The Barringer Team

 

Potential buyers of relatively expensive homes may find themselves unable to tap government loan guarantees beginning Oct. 1, a move hotly contested by Realtors and mortgage bankers.

Loans guaranteed by the Federal Housing Administration allow homebuyers to make purchases with down payments as low as 3.5 percent and get mortgages for up to $697,500 in San Diego County and up to $500,000 in Riverside County. San Jouquin County is going to be 417,000.

In addition, those are the largest mortgages that government lending giants Fannie Mae and Freddie Mac will buy from lenders, holding down the cost of those loans. The government raised limits to these levels in March 2008 to replace a missing-in-action jumbo loan market after lenders stopped making such mortgages in the wake of a foreclosure crisis.

Now the government wants to make room for private lenders, and the limits will drop in October to $546,250 in San Diego County and $355,350 in Riverside County. In our Area the Tracy Area and San jouquin County the loan limit will be 417,000.

Realtors and mortgage bankers said the move will depress prices, as fewer buyers have the larger down payments ---- typically 20 percent of the purchase price ---- that would be required without loan guarantees, and removing government support could raise the cost of borrowing at the higher amounts. Realtor organizations are pushing to get the higher limits extended past Oct. 1, but some local Realtors and economists said letting the limits fall may be the best option.

"They bolstered the limit when the jumbo market had completely collapsed," Chris Thornberg, an economist with Beacon Economics, said in an email. "There was nothing else out there. The jumbo market is working again."

North San Diego County, which has higher home prices than most of the rest of the state, would feel the pinch of lower limits more keenly.

The median price of houses and condos in North County reached $385,000 in 2010, according to an analysis of county assessor data. The reduced mortgage limit would have affected 1,481 of 2010 sales, about 11.6 percent of the annual total.

Peggy Yeomans, chairman of the board of the North San Diego County Association of Realtors, said forcing more potential buyers to put down 20 percent would keep people out of the market. 

"If we keep throwing things in front of (the housing market), I don't see how that's going to help us," she said.

In Southwest Riverside County, where the median price of houses and condos in 2010 was about $200,000, 590 houses would have missed out on FHA financing with lower loan limits, 4.1 percent of all sales.

The small number of sales in that sector is exactly the problem, said Gene Wunderlich, government affairs director of the Southwest Riverside County Association of Realtors.

"It's that whole middle section of the market, that should be rebounding, that needs to be nurtured right now," he said. "This would put a damper on it."

Thanks in part to lobbying from the National Association of Realtors, the National Association of Home Builders and the Mortgage Bankers Association, congressional representatives introduced two bills last month that would extend the current loan limits. But with Congress on recess, Wunderlich said he is worried about running out of time.

Not everyone thinks the loan limits should kept high. Mark Goldman, an instructor at the Corky McMillin Center for Real Estate at San Diego State University, said he thinks lenders are ready to fill a void left by the government.

"It's a slow process. Very, very slowly, more and more lenders are coming to the market and the mortgage insurance is coming back," Goldman said. "It's not the end of the world."

Tyson Lund, a Realtor in Carlsbad, supported lower loan limits because higher down payments create more ownership in a house.

"It forces people to be more homeowner and less speculator," he said in an email.

Thornberg argued that if lower loan limits push down prices, then maybe that's not so bad.

"At any rate, do people who can afford such expensive homes really (need to) be subsidized by the Feds?" he wrote in an email. "And anyways ---- lower prices for homes are bad for commissions ... not for buyers



Kitchen Remodeling on a Budget

by The Barringer Team

Kitchen Remodeling on a Budget: Tips & Ideas

The kitchen is one of the most popular rooms in a home, so why not make yours really stand out? Whether you’re selling or simply want to upgrade, here are some simple tips and ideas to get you started without breaking the bank:

  1. Plan ahead and find patterns, colors and textures that you like from magazines, home improvement stores and the Internet.
  2. Set a budget! Know what upgrades will give you the most value for your money and do your best to stick with your budget.
  3. Make a plan and do one thing at a time, especially if you’re going to do it yourself.

So where should you start?

Cabinets
Repaint or stain your cabinet doors and add new hardware. This is one of the easiest and least expensive upgrades you can do that makes a big difference. If you need advice on what works best with the cabinets you have, take a door into your local home improvement store and ask for professional advice.

Kitchen Counter Tops
Counter tops can be expensive if you’re going for granite, but that’s not your only option. You can opt for concrete or granite overlay. Do your research to find what suits your budget and style best.

Kitchen Floors
Your choices are endless when it comes to updating your kitchen floors. From peel-and-stick tile to laminate wood flooring and travertine, the sky is the limit— but be mindful of your budget! Bring home samples of the flooring based on your style and budget before you make a final decision. Many real estate professionals agree that a kitchen remodel splurge should be saved for the countertops and not the floors, so keep this in mind when deciding. You want to make sure you get great value from any upgrades you do.

Saving Money on Kitchen Appliances
If your appliances are in good working order and match in color and style, save your budget for more beneficial upgrades. If your appliances look really dated or don’t match the new look of your kitchen, you may want to consider finding some great scratch and dent deals.

Did you know that appliances can be painted? A professional paint job can turn your white appliances into fresh, new-looking ones. You can also buy appliance-safe paint at your home improvement store and do it yourself.

Kitchen Lightening
Installing modern lighting is amazingly simple if your kitchen is already wired for overhead lighting. A new chandelier can make a big difference, and you can find options for less than $150! To make an even bigger impact, be sure to install a dimmer switch. You’ll be surprised what a difference a little “mood switch” can make.

The options are endless for remodeling your kitchen on a budget. The hardest part is deciding which upgrades will make the biggest difference on the smallest budget. Just be sure to do your research and to set realistic goals. And last, but not least, enjoy the project by making it your own.

Veterans New Loan Limits in Sept

by The Barringer Team

VA loans

With zero down to $417,000, As of Sept 30 th 2011 in San Jouquin County. We can also help veterans obtain a copy of their DD214 and their

Certificate of Eligibility.

 

$ 417,000 Alameda, Contra Costa, Marina, San Francisco, San Mateo,

Santa Cruz, and Santa Clara Counties

 

$417,000 Stanislaus County

 

 

we help veterans utilize their benefits

.Bill Barringer & Team

209-833-7777

 

10 things you can do to your home for under 100$

by The Barringer Team

10 Upgrades Under $100 to Boost a Home’s Value

People assume that only big-budget home renovations will produce valuable results. But there’s good news for homeowners on a budget. Plenty of inexpensive upgrades.

  1. Add a fresh coat of paint. At about $30 a gallon, paint is one of the least expensive ways to spruce up your living space. Add paint in neutral, earth-tone colors to bring out the best in each room.
  2. Explore energy updates. Evaluate your home’s energy efficiency by going to the U.S. Department of Energy website. There, you can get tips to make improvements that sellers will appreciate.
  3. Fix minor plumbing and electrical problems. It’s worth your while to take care of these problems before a potential buyer uncovers them during a home inspection.
  4. Add storage. Lack of closet space can be a deal breaker for some buyers. Adding a DIY wire or laminate system to all closets will give them the appearance of being more spacious and organized.
  5. Let light in. Ditch dark and heavy drapes for simple wood blinds and/or upholstered cornices. Update or add lighting fixtures — wall lights, lamps, ceiling fans with lights — to give the rooms a bright, more updated look.
  6. Give kitchen appliances a facelift. Mismatched appliances can make a kitchen look outdated — but that doesn’t mean you need to replace them. Many appliances can be updated with new doors or face panels.
  7. Don’t neglect the bathroom. Simple fixes can make a bathroom look more modern in no time. Get a new shower curtain, switch out the old toilet seat with a new one and replace drab or damaged flooring with vinyl tiles.
  8. Update your front door. It’s the first part of your house that potential homebuyers see. Give it a fresh cost of paint and consider switching out your current lock-and-handle set for a sturdy, more modern piece of hardware.
  9. Power up. Rent a power washer — it’s less expensive than hiring someone to do it — and thoroughly clean your house’s exterior.
  10. Curb appeal. When it comes to your yard, definitely sweat the small stuff. Clean up clutter and have it hauled away or store it in the shed. Get rid of weeds and add some in-season plants and flowers to your walkway or in pots on your front porch. Make sure to mow your lawn as needed — potential homebuyers frequently drive by unannounced.

August Podcast

by The Barringer Team

Check out our Podcast for August with the latest up-to date Market information. Also Features special guest Terri Murphy of US Learning.

http://www.talkrealty.com/billbarringer

Market Stats

by The Barringer Team

Here are the market Stats for Tracy California and Mt. House California.

The following information is from the local MLS database, as of August 1, 2011 and is compared to (July 1, 2011).   Just call or e-mail for an hassle free appointment or to just talk about the market anytime.

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 336 (345)

# of REO (foreclosures): 33 (35)

# of Short Sales: 234 (241)

Average # of days on market: 86 (92)

The median price of all homes for sale in Tracy: $229,450 ($228,500)

The average price of all homes for sale in Tracy: $242,738($235,863)

Lowest priced home: 1bd/612sq. ft. /$55,000

Highest priced home: 6bd/11,120sq. ft. /$1,000,000

PENDING Status

Number of properties currently under agreement: 219 (236)

# of REO: 56 (56)

# of Short Sales: 108 (115)

Average pending price: $228,290 ($235,023)

Average pending home is 4 bedrooms, 2088 square feet at a price of $228,290 that stays 45 days on the market.

 SOLD Status

Residential property sold over previous 30 days: 129 homes or $30,524,358 in sales (134  $29,371,150)

REO’s sold in the last month: 41 (45)

Short sales sold in the last month: 45 (40)

Average sale price: $236,623 ($219,188)

Median sale price: $232,000 ($220,000)

High: 451K (6bd/4098 sq. ft. home)

Low: 62K (2bd/674 sq. ft. home)

 

 

Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 115 (99)

# of REO (foreclosures): 13 (8)

# of Short Sales: 70 (68)

Average # of days on market: 82 (77)

The median price of all homes for sale in Mountain House: $290,000($275,000)

The average price of all homes for sale in Mountain House: $288,309($284,758)

Lowest priced home: 2bd/1,262 sq. ft. /$119,900

Highest priced home: 5bd/4295 sq. ft. /$448,000

 PENDING Status

Number of properties currently under agreement: 62 (68)

# of REO: 12 (18)

# of Short Sales: 33 (36)

Average pending price: $308,738 ($286,607)

 Average pending home is 4 bedrooms, 2,432 square feet at a price of $308,738 that stays 16 days on the market.

 SOLD Status

Residential property sold over previous 30 days: 34 homes  (43 homes)

REO’s sold in the last month: 11 (8)

Short sales sold in the last month: 18 (21)

Average sale price: $284,257 ($315,922)

Median sale price: $273,000 ($330,000)

High: 453K (5bd/4082sq. ft. homes

Low: $115,000 (2bd/1262 sq. ft. home)

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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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