Real Estate Information

Check out our podcast click on link below.

http://www.talkrealty.com/billbarringer/audio/player.aspx

The following information is from the local MLS database, as of December 1, 2011 and is compared to (November 1, 2011).  The market here is still dominated by short sales and REO's. There are much fewer homes available to show that even the short sales are getting multiple offers. We have seen a handful of equity sellers and many "Flips". Intrest rates remain low with 30 yr fixed at 4.00% and 15 year a 3.30%. This is a healthy market now. There is a definate lack of good homes for sale. This is because there are many buyers grabbing them as they come out. Just call or e-mail for an hassle free appointment or to just talk about the market anytime. 1-800-894-7282 or sales@tracyhomes.com

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 308 (335)

# of REO (foreclosures): 19 (33)

# of Short Sales: 243 (225)

Average # of days on market: 89 (85)

The median price of all homes for sale in Tracy: $225,000 ($229,000)

The average price of all homes for sale in Tracy: $229,798 ($232,106)

Lowest priced home: 1bd/612sq. ft. /$50,999

Highest priced home: 7bd/5159sq. ft. /$998,000

PENDING Status

Number of properties currently under agreement: 224 (214)

# of REO: 39 (36)

# of Short Sales: 131 (113)

Average pending price: $223,706 ($233,685)

Median pending price: $229,975 (226,750)

 SOLD Status

Residential property sold over previous 30 days: 102 homes (90)

REO’s sold in the last month: 26 (25)

Short sales sold in the last month: 36 (35)

Average sale price: $226,872 ($231,061)

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

High: 812K (6bd/11,120 sq. ft. home)

Low: 54,200 (0bd/875 sq. ft. home)

Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 88 (89)

# of REO (foreclosures): 3 (6)

# of Short Sales: 71 (73)

Average # of days on market: 97 (101)

The median price of all homes for sale in Mountain House: $279,950($280,000)

The average price of all homes for sale in Mountain House: $271,472($276,485)

Lowest priced home: 2bd/1,262 sq. ft. /$115,000

Highest priced home: 6bd/4051 sq. ft. /$449,500

 PENDING Status

Number of properties currently under agreement: 60 (60)

# of REO: 11 (11)

# of Short Sales: 35 (37)

Median pending price: $279,975 ($283,025)

 Average pending price: 287,804 (286,097)

 SOLD Status

Residential property sold over previous 30 days: 17 homes  (21 homes)

REO’s sold in the last month: 11 (4)

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

Average sale price: $301,695276,171 ($301,695)

Median sale price: $260,000($296,000)

High: 415,000 (5bd/3913sq. ft. homes

Low: $114,900(3bd/1262 sq. ft. home)

Check out this home county records list it as a 1br but it does have 2br's on a huge lot and close to schools and shopping. Click on link below.

http://tracyhomes.com/ourlistings/317/listing.html

The message here is not original, but is a very simple and profound truth.  Soon or later, you get what you give, often multifold.  And not just the normal things you do for people in your everyday life.  It’s the special times, the times when you see an opportunity to do something meaningful for another even though it is not convenient or enjoyable for you.

As Thanksgiving approaches (for the U.S. anyway), take a minute to think about the news story I mentioned, and by turns put yourself into the position of each man.  Imagine how grateful the guy felt who needed help changing his tire that someone had enough empathy to pull over on a highway and provide assistance.  Imagine the depth of gratitude the man having the heart attack felt to have someone there who knew what to do to pull him through.  Imagine what the outcome would have been had neither of those two events happened?

What are you truly grateful for?  Who made what happen in order for that to be possible?  You never know how deeply what may seem like a simple act on your part impacts another person.  So look for those opportunities, enrich someone else’s life… as well as your own.

May You and Your Family have a Wonderful Thanksgiving.

The Barringer Family

Bill Barringer
Team Leader
209-833-7777
The Barringer Team, Century 21 M&M and Associates 

 #1 Century 21 Company in the WORLD. SMARTER. BOLDER.FASTER.

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"A Referral is the Best Compliment we can receive" 

Below is some pretty decent advise from the Wall Street Journal regarding investing in real estate called "Are You Ready to be a Landlord". I think here in Tracy its a perfect time to become a landlord. We are renting properites within a month of selling them. I offer full service property managment services as well as contractors who can get repairs done in a quick turn around time.

209-833-7777


Below are some highlights:

• For the week ending Nov. 10, the average rate on a 30-year fixed-rate loan was 3.99%, not far from the Oct. 6 record low of 3.94%, according to Freddie Mac data going back to 1971.

• The average monthly rent for all categories, including apartments and single-family homes, was $846 nationwide in the third quarter, up 2.5% from the same period a year earlier.

• Government officials have been soliciting ideas for how to convert some of the foreclosed homes owned by Fannie Mae and Freddie Mac into rental.

•  A good rule of thumb: Make a deal only if you can collect at least 1.25% of the purchase price each year in rental income. For Tracy we are looking at $1600-1850 per month for an investment of 200K-250K, which would be 9.6% to the 200k home and 8.88% for the 250K home.

• When looking at properties, act like a renter, says Jeff Cronrod, president of the Boulder, Colo.-based American Apartment Owners Association. Tour the neighborhood to see if landlords seem desperate to lure tenants. Are there lots of vacancies? Are buildings offering deals like living rent free for a couple of months in order to drive up demand? If so, be wary, Mr. Cronrod says.

• To ensure that a major repair doesn't break you, set aside at least six months' worth of expected rent, he says.

Check out our November Podcast click on link below.

http://www.talkrealty.com/billbarringer

The following information is from the local MLS database, as of November 1, 2011 and is compared to (October 1, 2011).  The market here is still dominated by short sales and REO's.  There is such little inventory that even the short sales are getting multiple offers. We have seen a handful of equity sellers and many "Flips". Intrest rates remain low with 30 yr fixed at 4.10% and 15 year a 3.38%. These rates are inching up but are still all time low rates!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: 335 (354)

# of REO (foreclosures): 33 (25)

# of Short Sales: 225 (255)

Average # of days on market: 85 (53)

The median price of all homes for sale in Tracy: $229,000 ($235,000)

The average price of all homes for sale in Tracy: $232,106 ($240,583)

Lowest priced home: 0bd/612sq. ft. /$50,000

Highest priced home: 7bd/5159sq. ft. /$998,000

PENDING Status

Number of properties currently under agreement: 214 (216)

# of REO: 36 (43)

# of Short Sales: 113 (113)

Average pending price: $233,685($233,685)

Median pending price: $226,750 (233,685)

 SOLD Status

Residential property sold over previous 30 days: 90 homes (100)

REO’s sold in the last month: 25 (23)

Short sales sold in the last month: 35 (33)

Average sale price: $231,061 ($238,871)

Median sale price: $220,000 ($226,000)

High: 560K (6bd/4508 sq. ft. home)

Low: 71K (2bd/672 sq. ft. home)

Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 89 (100)

# of REO (foreclosures): 6 (7)

# of Short Sales: 73 (70)

Average # of days on market: 101 (91)

The median price of all homes for sale in Mountain House: $280,000($287,950)

The average price of all homes for sale in Mountain House: $276,485($287,950)

Lowest priced home: 2bd/1,262 sq. ft. /$110,000

Highest priced home: 5bd/3975 sq. ft. /$446,796

 PENDING Status

Number of properties currently under agreement: 60 (71)

# of REO: 11 (11)

# of Short Sales: 37 (43)

Median pending price: $283,025 ($289,950)

 Average pending price: 286,097 (296,835)

 SOLD Status

Residential property sold over previous 30 days: 21 homes  (20 homes)

REO’s sold in the last month: 4 (4)

Short sales sold in the last month: 8 (9)

Average sale price: $301,695 ($287,962)

Median sale price: $296,000 ($299,900)

High: 429,000 (5bd/4081sq. ft. homes

Low: $152,000 (3bd/1460 sq. ft. home)

Every year, and for as long as I can remember, the big question that always seems to come at every open house I’ve ever done is the inevitable…How long has it been on the market? I’m not sure why that’s such an interesting question to everybody. There’s SO many ways to interpret that question too! First of all, to me at least, it sort of implies interest in the property? I mean, if it really sucks and you hate it, what difference does it make how long it’s been on the market? So, assuming it’s OK and you sort of like it..what type of outcome are you hoping for by asking that? If the answer is “48 hours” does that make the place more interesting and desirable that if I said “48 days”? Or “148 days”?

I mean, if the place is really intriguing to you and it peaks your interest a bit…do you like it less if it’s been on for 148 days? Does the remodeled kitchen with that nice granite seem crumbier if it’s been on longer? Really, I can see the looks on people’s faces when I tell them “48 hours”…it’s definitely different from when I say “48 days”. The big question, for me at least, is…are you more interested if you think somebody else might like it too? If I say “48 days” doesn’t that sort of imply that those other folks have looked at it and found it wanting…and therefore maybe I shouldn’t like it either? Maybe there’s a problem with it that I don’t know and that’s why nobody else has liked it?

Really folks, it’s always seemed to me that plenty of people like a place and then discover it’s been on awhile and then like it less. As if the important thing, at the end of the day, is how somebody else perceived it. There MUST be a problem…otherwise it would have sold, right? I really think all of these feelings are in full play when people buy a place. There’s plenty of homes on the market in Tracy right now that have been on the market for awhile…and a bunch of them are actually pretty nice too! I’m not passing any judgement mind you…I’m just observing.

READY TO BEGIN AGAIN?

Have a child or grandchild who graduated this last year?  Whether it's high school or college, commencement exercises mark the end of a full curriculum of education - or do they?  In fact, why not ask the graduate?

After four or more years of study, homework, reports, science projects, and exams, many graduates would quickly answer that commencement marks the end of their education.  In fact, you can often hear students reinforce that line of thinking in their lament, "I'll never pick up another book as long as I live!"

The definition of "commencement" leads, however, in another direction.  It is the beginning, not the end, of a bright future.  It is the beginning of a life-long quest for knowledge, not the slamming shut of the books that opened so many new doors.

If it's been a few years since you graduated, perhaps you might also benefit from a renewed commencement - by opening some new doors to your own life-long learning curve.  When's the last time you attended a workshop, bought a recorded educational series, or thought about taking college courses or embarking on a new degree track?