Real Estate Information

The following information is from the local MLS database, as of June 1, 2010 and is compared to (May 3, 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: 369 (346)

# of REO (foreclosures): 48 (44)

# of Short Sales: 266 (254)

Average # of days on market: 67 (66)

The median price of all homes for sale in Tracy: $239,900 ($236,450)

The average price of all homes for sale in Tracy: $263,887 ($273,696)

Lowest priced home: 1bd/792 sq. ft. /$54,900

Highest priced home: 7bd/5,159 sq. ft. /$1,299,000

 

Square Feet	# of homes for sale in Tracy	Median List Price	Average List Price
1,000 to 1,400	19	$160,000	$205,407
1,500 to 2,000	30	$229,000	$227,270
2,000 to 4,000	37	$309,900	$322,275

 

PENDING Status

Number of properties currently under agreement: 302 (327)

# of REO: 67 (84)

# of Short Sales: 170 (167)

Average pending price: $222,225 ($222,632) 

Average pending home is 4 bedrooms, 1,956 square feet at a price of $222,225 that stays 34 days on the market.

 

Square Feet	# of homes for pending in Tracy	Median Pending Price	Average Pending Price
1,000 to 1,400	66	$155,000	$152,451
1,500 to 2,000	74	$199,450	$194,138
2,000 to 4,000	132	$275,000	$285,882

SOLD Status

Residential property sold over previous 30 days: 117 homes or $27,084,863 in sales (115 homes or $27,492,008 in sales)

REO’s sold in the last month: 40 (43)

Short sales sold in the last month: 34 (37)

Average sale price: $231,495 ($239,061)

Median sale price: $235,000 ($241,000)

High: 700K (6bd/5,667 sq. ft. home)

Low: 58K (2bd/800 sq. ft. home)

 

Square Feet	# of homes sold in the last month in Tracy	Median Sale Price	Average Sale Price
1,000 to 1,400	25	$155,000	$150,148
1,500 to 2,000	31	$220,000	$209,419
2,000 to 4,000	55	$275,000	$279,285

 

Mountain House, CA

 

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 102 (104)

# of REO (foreclosures): 7 (5)

# of Short Sales: 81 (84)

Average # of days on market: 30 (33)

The median price of all homes for sale in Mountain House: $308,888 ($345,000)

The average price of all homes for sale in Mountain House: $318,726 ($339,403)

Lowest priced home: 2bd/1,155 sq. ft. /$167,000

Highest priced home: 5bd/3,858 sq. ft. /$445,000

 

Square Feet	# of homes for sale in Mountain House	Median List Price	Average List Price
1,000 to 1,400	4	$174,200	$193,538
1,500 to 2,000	4	$294,000	$276,697
2,000 to 4,000	13	$374,950	$370,177

 

PENDING Status

Number of properties currently under agreement: 101 (100)

# of REO: 20 (22) 

# of Short Sales: 52 (49)

Average pending price: $312,611 ($311,366)

 Average pending home is 4 bedrooms, 2,579 square feet at a price of $312,611 that stays 38 days on the market.

 

Square Feet	# of homes pending in Mountain House	Median Pending Price	Average Pending Price
1,000 to 1,400	4	$218,150	$205,300
1,500 to 2,000	13	$220,000	$230,192
2,000 to 4,000	80	$329,200	$338,200

 

SOLD Status

Residential property sold over previous 30 days: 28 homes or $8,678,050 in sales (27 homes or $8,459,750 in sales)

REO’s sold in the last month: 8 (7)

Short sales sold in the last month: 11 (12)

Average sale price: $309,930 ($313,324)

Median sale price: $317,500 ($325,000)

High: $414,950 (5bd/3,496 sq. ft. home)

Low: $179,900 (2bd/1,262 sq. ft. home)

 

Square Feet	# of homes sold in the last month in Mountain House	Median Sale Price	Average Sale Price
1,000 to 1,400	1	$179,900	$179,900
1,500 to 2,000	5	$226,000	$248,400
2,000 to 4,000	21	$340,000	$335,769

 

Lathrop, CA

 

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 134 (118)

# of REO (foreclosures): 21 (15)

# of Short Sales: 92 (85)

Average # of days on market: 42 (42)

The median price of all homes for sale in Lathrop: $200,620 ($199,990)

The average price of all homes for sale in Lathrop: $259,562 ($261,497)

Lowest priced home: 2bd/1,120 sq. ft. /$93,531

Highest priced home: 6bd/4,011 sq. ft. /$2,500,000

 

Square Feet	# of homes for sale in Lathrop	Median List Price	Average List Price
1,000 to 1,400	7	$139,900	$137,334
1,500 to 2,000	10	$186,400	$185,907
2,000 to 4,000	24	$214,900	$319,217

 

PENDING Status

Number of properties currently under agreement: 76 (96)

# of REO: 28 (46)

# of Short Sales: 34 (32)

Average pending price: $186,978 ($183,479) 

Average pending home is 4 bedrooms, 2,207 square feet at a price of $186,978 that stays 41 days on the market.

  

Square Feet	# of homes pending in Lathrop	Median Pending Price	Average Pending Price
1,000 to 1,400	15	$129,900	$128,099
1,500 to 2,000	19	$148,800	$158,266
2,000 to 4,000	41	$216,000	$223,141

 

SOLD Status

Residential property sold over previous 30 days: 41 homes or $7,243,950 in sales (39 homes or $7,310,904 in sales)

REO’s sold in the last month: 28 (18)

Short sales sold in the last month: 6 (8)

Average sale price: $176,682 ($187,459)

Median sale price: $187,500 ($175,000)

High: 300K (6bd/3,433 sq. ft. home)

Low: 50K (2bd/728 sq. ft. home)

 

Square Feet	# of homes sold in the last month in Lathrop	Median Sale Price	Average Sale Price
1,000 to 1,400	10	$132,500	$124,565
1,500 to 2,000	8	$165,000	$163,425
2,000 to 4,000	20	$210,000	$218,295

 

Weston Ranch, CA

 

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 114 (105)

# of REO (foreclosures): 24 (24)

# of Short Sales: 77 (73)

Average # of days on market: 43 (38)

The median price of all homes for sale in Weston Ranch: $170,500 ($168,950)

The average price of all homes for sale in Weston Ranch: $175,642 ($169,481)

Lowest priced home: 3bd/1,348 sq. ft./$129,900

Highest priced home: 6bd/2,915 sq. ft./$229,000

 

Square Feet	# of homes for sale in Weston Ranch	Median List Price	Average List Price
1,000 to 1,400	2	$147,450	$147,450
1,500 to 2,000	14	$157,350	$157,414
2,000 to 4,000	20	$199,450	$192,507

 

PENDING Status

Number of properties currently under agreement: 90 (107)

# of REO: 41 (39)

# of Short Sales: 33 (47)

Average pending price: $148,247 ($149,250)

 Average pending home is 4 bedrooms, 1,949 square feet at a price of $148,247 that stays 37 days on the market.

 

Square Feet	# of homes pending in Weston Ranch	Median Pending Price	Average Pending Price
1,000 to 1,400	8	$114,000	$113,681
1,500 to 2,000	41	$140,000	$141,120
2,000 to 4,000	35	$169,000	$171,826

 

SOLD Status

Residential property sold over previous 30 days: 36 homes or $5,617,300 in sales (49 homes or $7,666,945 in sales)

Short sales sold in the last month: 11 (9)

REO’s sold in the last month: 15 (21)

Average sale price: $156,036 ($156,468)

Median sale price: $154,000 ($155,000)

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

(215K (5bd/2,915 sq. ft. home))

Low: 104K (3bd/1,090 sq. ft. home)

(100K (3bd/1,080 sq. ft. home))

 

Square Feet	# of homes sold in the last month in Weston Ranch	Median Sale Price	Average Sale Price
1,000 to 1,400	2	$117,500	$117,500
1,500 to 2,000	17	$144,900	$143,547
2,000 to 4,000	16	$169,500	$175,438

Tags: tracy real estate market, market trends, tracy market trends, tracy california real estate  Add to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |  

Sellers,

We recently met with the Northern California short sale manager for Wachovia and Wells Fargo.  He came to our office for a personal meeting in regards to short sales.

We learned that if you or someone you know have a World Savings or Wachovia loan on their home the guidelines are a lot easier now to obtain either a loan modification or to complete a short sale. 

Please contact us for more information by email or by phone, sales@tracyhomes.com or (209) 833-7777.

Thanks

Bill

Tags: world savings, wachovia, short sale, wells fargo, loan modification, tracy real estate, tracy california real estate Add to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |

Open House!

1732 Duncan Dr. Tracy

$165,000

Open House:

Sunday 11 am- 3pm

New Listing!

 

   

Features Include:

4 bedrooms
2 bathrooms
1,527 Square Feet of living space
8,276 square foot lot

Call today to set up an appointment to see it
(209) 833-7777

Tags: tracy real estate, tracy homes, tracy california real estate, duncan dr. 
Add to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |

30-yr fixed mortgage rates dipped last week thanks to gains in mortgage-backed securities prices.  MBS prices, which drive mortgage rates their opposite, were pushed up by investors seeking the safety of bonds. 

The conforming 30-yr fixed rate is at 4.625%, down from 4.75% according to FreeRateUpdate.com research of wholesale lenders' rate sheets.  This rate is available to well-qualified borrwers paying a standard .07 to 1 point origination.  The conforming 15-yr fixed rate is at 4.125%, down from 4.25.

The conforming 5/1 ARM rate is down to 3.5.  FHA mortgage rates have improved as well.  The current FHA 30-yr fixed rate is at 4.5%, an 1/8 lower than the conforming 30-year fixed rate.  Despite having similar ratesand origination fees, FHA loans come with higher costs and APR due to MI, at 2.25% of the amount financed, and other FHA fees.

The current jumbo 30-yr fixed rate, for jumbo loans exceeding the jumbo conforming loan limit, is 5.5%, down from 5.625.  It's speculated the jumbo mortgage market will thaw now that the first private sale of jumbo mortgage securities in over 2 years has taken place (Redwood Trust).

Today's Mortgage Rates- available to well-qualified consumers at a standard .07 to 1 point origination.

• 30-yr fixed rate- 4.625%
• 15-yr fixed rate- 4.250%
• 5/1 ARM rate- 3.500%
• FHA 30-yr fixed rate- 4.500%
• FHA 15-yr fixed rate- 4.500%
• FHA 5/1 ARM rate- 3.500%
• VA 30-yr fixed rate- 4.750%
• Jumbo 30-yr fixed rate- 5.500%
• Jumbo Conforming 30-yr fixed rate- 4.875%

 

Aloha from Maui,

The highlight of our trip this year, was our day trip to the Island of Molokai and the Kalaupapa Settlement.  This is the place where people affected with Hansen's disease were banished in the late 1800's.  The Kalaupapa peninsula is located at the northern part of the Island of Molokai.  It measures approximately 3 miles at it's base and 3 miles north to south.  It is seperated from the rest of the island by a wall of cliffs 1,500 to 2,000 feet high.  On the remaining boundary by a relentless ocean- the peninsula was made for exile.  The patients were allowed on the Kalawao side only, where it is cold and windswept.  The sun sets behind the tall cliffs at three in the afternoon. 

The reason we wanted to visit the island was because of the work done by Father Damian (now Saint Damian).  When he came in 1873 the patients that lived there had no law, no doctors and no hope.  Father Damian, through his hard work, built houses for the people, built a church, organized the population so that they could care for themselves and petitioned the bishops for funding for food, clothing and building supplies. In 1884 Father Damian himself contracted the disease.  He was now one of his people.  He continued to work for the betterment of his people until his death on April 15, 1889 at the age of 49.  Father Damian was decalred a Saint in October 2009.

The trip to visit the peninsula was not easy to arrange.  The peninsula is now a National Park, but because some of the patients still live there travel in the settlement is restricted to insure their privacy.  Today, residents (former Hansen's disease patients, Hawaii Department of Health and National Park Service employees) are all that are left.  Over 8,000 patients were exiled there in the island's history and over 7,000 are buried there.

You can only visit if you make an arrangement with a charter flight.  The former mule train that traveled from topside down the 1,200 foot cliff's is closed for repairs.  When we landed at the small landing strip, we felt in awe of the peaceful scenery and thought of all the pain and suffering that went on there in this beautiful place.  The road that led to the settlement was lined with cemeteries.  Our tour guide told us that these were the overflow cemeteries.  We toured the town of Kalaupapa where the people live now and then went the short 3 miles to the Kalawao side where Father Damian's church of St. Philomena and his grave are.  This is being restored by the park service beautifully.  We were able to enter the church and pray at Saint Damian's grace.  Just walking the same ground that he did was such a special and awesome feeling.  You can see a slide show of our trip by clicking here.

For more information on Kalaupapa, visit the National Park's website.

For more information on Saint Damian, click here.

Hope you enjoy!

Bill and Pat

Tags: hawaii, molokai, kalaupapa, father damian, hansens disease Add to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |

Andrew Barringer, our grandson, was entered into the "cutest baby" contest for Parents Magazine.  It's a contest the magazine does every year about this time.  If your baby is the winner, the baby and it's parents get an all expense paid trip to New York for the COVER photo shoot with Parents Magazine! 

Well, we got word from Parents Magazine that Andrew was in the running to be the "cutest baby"!  So we ask that you vote for our grandson so he is able to become a supermodel!!!

 

Tags: parents magazine, vote, baby contest, andrew barringer  Add to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |

We met some real nice people at church in Maui on Sunday. Randy and Rudy Bothers were here for a golf tournament and were full of Aloha. I complimented Randy on his shirt being the die hard 49er fan that I am.  We plan on trying to hook up next year. They live on Oahu and are just real down to earth people.

The following information is from the local MLS database, as of May 3, 2010 and is compared to (April 5, 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: 346 (365)

# of REO (foreclosures): 44 (47)

# of Short Sales: 254 (275)

Average # of days on market: 66 (57)

The median price of all homes for sale in Tracy: $236,450 ($219,500)

The average price of all homes for sale in Tracy: $273,696 ($264,524)

Lowest priced home: 1bd/792 sq. ft. /$77,000

Highest priced home: 6bd/5,159 sq. ft. /$1,299,000

 

Square Feet	# of homes for sale in Tracy	Median List Price	Average List Price
1,000 to 1,400	21	$169,900	$208,845
1,500 to 2,000	25	$229,900	$230,046
2,000 to 4,000	32	$322,500	$350,409

 PENDING Status

Number of properties currently under agreement: 327 (310)

# of REO: 84 (89)

# of Short Sales: 167 (149)

Average pending price: $222,632 ($227,331) 

Average pending home is 4 bedrooms, 1,960 square feet at a price of $222,632 that stays 34 days on the market. 

Square Feet	# of homes for pending in Tracy	Median Pending Price	Average Pending Price
1,000 to 1,400	68	$149,970	$147,851
1,500 to 2,000	85	$214,900	$203,273
2,000 to 4,000	149	$269,000	$275,755

 SOLD Status

Residential property sold over previous 30 days: 115 homes or $27,492,008 in sales (114 homes or $25,462,240 in sales)

REO’s sold in the last month: 43 (48)

Short sales sold in the last month: 37 (30)

Average sale price: $239,061 ($223,353)

Median sale price: $241,000 ($228,500)

High: 450K (6bd/3,289 sq. ft. home)

Low: 81K (2bd/900 sq. ft. home)

 

Square Feet	# of homes sold in the last month in Tracy	Median Sale Price	Average Sale Price
1,000 to 1,400	15	$145,000	$138,867
1,500 to 2,000	36	$220,750	$215,017
2,000 to 4,000	54	$290,000	$300,294

 

Mountain House, CA

 

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 104 (126)

# of REO (foreclosures): 5 (6)

# of Short Sales: 84 (93)

Average # of days on market: 33 (22)

The median price of all homes for sale in Mountain House: $345,000 ($348,900)

The average price of all homes for sale in Mountain House: $339,403 ($334,565)

Lowest priced home: 2bd/1,262 sq. ft. /$189,750

Highest priced home: 6bd/3,992 sq. ft. /$429,000

 

Square Feet	# of homes for sale in Mountain House	Median List Price	Average List Price
1,000 to 1,400	2	$224,250	$224,250
1,500 to 2,000	2	$294,000	$294,000
2,000 to 4,000	16	$357,450	$359,472

 PENDING Status

Number of properties currently under agreement: 100 (78)

# of REO: 22 (21)

# of Short Sales: 49 (39)

Average pending price: $311,366 ($310,251)

Average pending home is 4 bedrooms, 2,593 square feet at a price of $311,366 that stays 38 days on the market.

 

Square Feet	# of homes pending in Mountain House	Median Pending Price	Average Pending Price
1,000 to 1,400	3	$179,900	$188,267
1,500 to 2,000	15	$219,900	$231,019
2,000 to 4,000	79	$330,000	$336,515

SOLD Status

Residential property sold over previous 30 days: 27 homes or $8,459,750 in sales (34 homes or $10,972,400 in sales)

REO’s sold in the last month: 7 (13)

Short sales sold in the last month: 12 (9)

Average sale price: $313,324 ($322,718)

Median sale price: $325,000 ($320,450)

High: 380K (5bd/3,775 sq. ft. home)

Low: 170K (2bd/1,347 sq. ft. home)

 

Square Feet	# of homes sold in the last month in Mountain House	Median Sale Price	Average Sale Price
1,000 to 1,400	1	$170,000	$170,000
1,500 to 2,000	3	$263,500	$270,167
2,000 to 4,000	23	$327,000	$325,185

 

Lathrop, CA

 

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 118 (114)

# of REO (foreclosures): 15 (13)

# of Short Sales: 85 (84)

Average # of days on market: 42 (59)

The median price of all homes for sale in Lathrop: $199,990 ($199,900)

The average price of all homes for sale in Lathrop: $261,497 ($276,642)

Lowest priced home: 2bd/1,037 sq. ft. /$75,000

Highest priced home: 6bd/3,840 sq. ft. /$2,500,000

 

Square Feet	# of homes for sale in Lathrop	Median List Price	Average List Price
1,000 to 1,400	5	$149,900	$137,550
1,500 to 2,000	9	$189,900	$183,795
2,000 to 4,000	17	$217,000	$352,440

PENDING Status

Number of properties currently under agreement: 96 (100)

# of REO: 46 (50)

# of Short Sales: 32 (29)

Average pending price: $183,479 ($182,716)

Average pending home is 4 bedrooms, 2,162 square feet at a price of $183,479 that stays 35 days on the market.

 

Square Feet	# of homes pending in Lathrop	Median Pending Price	Average Pending Price
1,000 to 1,400	20	$130,000	$129,466
1,500 to 2,000	20	$147,350	$156,133
2,000 to 4,000	53	$212,000	$218,535

 SOLD Status

Residential property sold over previous 30 days: 39 homes or $7,310,904 in sales (31 homes or $5,544,437 in sales)

REO’s sold in the last month: 18 (19)

Short sales sold in the last month: 8 (11)

Average sale price: $187,459 ($178,853)

Median sale price: $175,000 ($185,000)

High: 295K (6bd/3,870 sq. ft. home)

Low: 95K (3bd/1,144 sq. ft. home)

 

Square Feet	# of homes sold in the last month in Lathrop	Median Sale Price	Average Sale Price
1,000 to 1,400	6	$137,750	$134,583
1,500 to 2,000	14	$160,000	$157,707
2,000 to 4,000	18	$228,063	$230,306

 

Weston Ranch, CA

 

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 105 (112)

# of REO (foreclosures): 24 (24)

# of Short Sales: 73 (75)

Average # of days on market: 38 (34)

The median price of all homes for sale in Weston Ranch: $168,950 ($166,900)

The average price of all homes for sale in Weston Ranch: $169,481 ($167,496)

Lowest priced home: 3bd/1,458 sq. ft./$117,900

Highest priced home: 5bd/2,915 sq. ft./$229,000

 

Square Feet	# of homes for sale in Weston Ranch	Median List Price	Average List Price
1,000 to 1,400	0	$0	$0
1,500 to 2,000	15	$149,900	$151,253
2,000 to 4,000	16	$181,950	$187,168

 

PENDING Status

Number of properties currently under agreement: 107 (105)

# of REO: 39 (38)

# of Short Sales: 47 (42)

Average pending price: $149,250 ($151,705)

Average pending home is 4 bedrooms, 1,981 square feet at a price of $149,250 that stays 44 days on the market.

 

Square Feet	# of homes pending in Weston Ranch	Median Pending Price	Average Pending Price
1,000 to 1,400	11	$106,900	$108,750
1,500 to 2,000	48	$138,000	$137,554
2,000 to 4,000	44	$169,950	$174,522

 SOLD Status

Residential property sold over previous 30 days: 49 homes or $7,666,945 in sales (44 homes or $6,828,580 in sales)

Short sales sold in the last month: 9 (7)

REO’s sold in the last month: 21 (27)

Average sale price: $156,468 ($155,195)

Median sale price: $155,000 ($155,000)

High: 215K (5bd/2,915 sq. ft. home)

(220K (5bd/3,153 sq. ft. home))

Low: 100K (3bd/1,080 sq. ft. home)

(105K (3bd/1,208 sq. ft. home))

 

Square Feet	# of homes sold in the last month in Weston Ranch	Median Sale Price	Average Sale Price
1,000 to 1,400	1	$100,000	$100,000
1,500 to 2,000	25	$145,000	$145,922
2,000 to 4,000	20	$175,000	$175,345

Tags: market report, tracy california, mountain house ca, lathrop ca, weston ranch  Add to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |

Aloha from Maui!

Our first day at our island home away from home was Saturday May 1st.  "May Day" and in the islands "Lei Day".  It is the day they hold the annual Maui Onion Festival at Whalers Village Shopping Center just down the way from the Marriott.  If Tracy can celebrate the Dry Bean Festival and Stockton has the Asparagus Festival, then Maui can have their Maui Kula Onion Festival.  This was the 21st annual festival and the only time we have been here to see it.  The Maui Kula Onion is grown on the slopes of the Haleakala Volvano and is famous for being the sweet onion that is used in all kids of recipes. 

Dedicated to the cultivation and promotion of the world-famous Maui Kula Onion, the Maui Onion Fesitval has been a signature event at Whalers Village since 1990.  It's attended by thousands of visitors and residents every year and features a number of different activities, entertainment, food booths and more.  They even have a raw onion eating contest!!

The festival centers around a contest between several famous chef's here in Hawaii.  They come to compete for the BEST recipe using the Maui Onion.  They also have booths to taste samples from the big restaurants and the chefs demonstrate their recipes and pass out samples. 

We had a great time at the festival and enjoyed the many samples and of course, the onion rings!!

Hope you enjoy the pictures!

Pat and Bill   

Tags: maui, hawaii, maui onion, whalers village, may day, lei day  Add to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |