The following information is from the local MLS database, as of February 1, 2012 and is compared to (January 1, 2012).  The market here is still dominated by short sales and REO's. The short sales that have accepted offers show as Active Short Cont.  This means that they are only accepting back up offers and are contingent on lender approval of the short sale.  It is miss leading to the consumer as it looks like that there are more homes available than there really is.  We have broken that down for you in our stats now.  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". Interest rates remain low with 30 yr fixed at 3.99% and 15 year a 3.25%. 
This is a healthy market now. There is a definite 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: 122 (288)

# of REO (foreclosures): 14 (25)

# of Short Sales: 65 (243)

# of Short Contingent: 162

Average # of days on market: 89 (89)

The median price of all homes for sale in Tracy: $228,350($229,900)

The average price of all homes for sale in Tracy: $229,367 ($232,128)

Lowest priced home: 2bd/810sq. ft. /$65,000

Highest priced home: 7bd/4427sq. ft. /$649,000

PENDING Status

Number of properties currently under agreement: 230 (198)

# of REO: 51 (36)

# of Short Sales: 122 (110)

Average pending price: $226,301 ($225,320)

Median pending price: $225,865 (229,950)

 SOLD Status

Residential property sold over previous 30 days: 73 homes (97)

REO’s sold in the last month: 20 (19)

Short sales sold in the last month: 27 (42)

Average sale price: $223,838 ($233,836)

Median sale price: $215,0000 ($230,000)

High: 435K (5bd/3767sq. ft. home)

Low: 70,000 (2bd/998 sq. ft. home)

 

 

Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 37 (83)

# of REO (foreclosures): 3 (3)

# of Short Sales: 16 (60)

# of Short Contingent: 39

Average # of days on market: 93 (88)

The median price of all homes for sale in Mountain House: $292,450 ($299,900)

The average price of all homes for sale in Mountain House: $292,450 ($285,386)

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

Highest priced home: 6bd/3900 sq. ft. /$449,000

 PENDING Status

Number of properties currently under agreement: 70 (50)

# of REO: 6 (5)

# of Short Sales: 44 (32)

Median pending price: $265,276 ($293,963)

 Average pending price: 264,099 (285,154)

 SOLD Status

Residential property sold over previous 30 days: 19 homes  (30 homes)

REO’s sold in the last month: 4 (10)

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

Average sale price: $317,571 ($289,9487)

Median sale price: $336,000($280,000)

High: 400,000 (5bd/3949sq. ft. homes

Low: $154,000(3bd/1460 sq. ft. home)