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)