Local Market Trends

The following information is from the local MLS database, as of January 2, 2009 and is compared to (December 1, 2008).  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: 651 (704)

# of REO (foreclosures): 290 (290)

# of Short Sales: 281 (304)

Average # of days on market: 88 (88)

The median price of all homes for sale in Tracy: $238,550 ($249,900)

The average price of all homes for sale in Tracy: $308,868 ($247,957)

Lowest price home: 1bd/502 sq. ft./$61,900

Highest priced home: 6bd/5,937 sq. ft./$2,650,000

 

PENDING Status

Number of properties currently under agreement: 346 (407)

# of REO: 257 (288)

Average pending price: $246,459 ($251,273)

Average pending home is 4 bedrooms, 2,069 square feet at a price of $246,459 that stays 47 days on the market.

SOLD Status

Residential property sold over previous 30 days: 142 homes or $34,122,597 in sales (174 homes or $43,949,960 in sales)

REO's sold in the last month: 123 (154)

Average sale price: $240,300 ($252,586)

Median sale price: $240,000 ($239,450)

High: 515K (6bd,4,049 sq. ft. home)

Low: 80K (2bd,848 sq. ft. home)

 

 

Mountain House, CA

ACTIVE Status

Total # of residential property sold in the city of Mountain House: 103 (115)

# of REO (foreclosures): 21 (20)

# of Short Sales: 69 (79)

Average # of days on market: 67 (65)

The median price of all homes for sale in Mountain House: $352,500 ($362,400)

The average price of all homes for sale in Mountain House: $337,531 ($366,711)

Lowest priced home: 3bd/1,454 sq. ft./$195,605

Highest priced home: 5bd/3,817 sq. ft./$459,000

PENDING Status

Number of properties currently under agreement: 44 (58)

# of REO: 31 (38)

Average pending price: $316,406 ($319,642)

Average pending home is 4 bedrooms, 2,585 square feet at a price of $316,403 that stays 42 days on the market.

SOLD Status

Residential property sold over previous 30 days: 20 homes or $6,410,100 in sales (12 homes or $4,149,300 in sales)

REO's sold in the last month: 16 (10)

Average sale price: $320,505 ($345,775)

Median sale price: $313,000 ($344,400)

High: 420K (5bd, 3,775 sq. ft. home)

Low: 237K (3bd, 1,887 sq. ft. home)

 

 

Lathrop, CA

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 222 (240)

# of REO (foreclosures): 117 (119)

# of Short Sales: 85 (96)

Average # of days on market: 83 (74)

The median price of all homes for sale in Lathrop: $187,900 ($199,900)

The average price of all homes for sale in Lathrop: $209,845 ($228,248)

Lowest priced home: 2bd/871 sq. ft./$74,900

Highest priced home: 6bd/4,165 sq. ft./$1,075,000

PENDING Status

number of properties currently under agreement: 119 (158)

# of REO: 105 (129)

Average pending price: $212,912 ($215,832)

Average pending home is 4 bedrooms, 2,298 square feet at a price of $212,912 that stays 52 days on the market.

SOLD Status

Residential property sold over previous 30 days: 65 homes or $13,645,656 in sales (60 homes or $12,384,777 in sales)

REO's sold in the last month: 62 (54)

Average sale price: $209,887 ($206,413)

Median sale price: $207,100 ($205,000)

High: $304,500 (6bd/3,969 sq. ft. home)

Low: $115,000 (3bd/1,144 sq. ft. home)

 

 

Weston Ranch, CA

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 227 (258)

# of REO (foreclosures): 111 (135)

# of Short Sales: 98 (104)

Average # of days on market: 58 (63)

The median price of all homes for sale in Weston Ranch: $149,900 ($159,000)

The average price of all homes for sale in Weston Ranch: $156,864 ($163,342)

Lowest priced home: 1bd/868 sq. ft./$40,000

Highest price home: 6bd/43,650 sq. ft./$420,000

PENDING Status

Number of properties currently under agreement: 160 (181)

# of REO: 145 (147)

Average pending price: $149,069 ($154,612)

Average pendin home is 4 bedrooms, 2,003 square feet at a price of $149,069 that stays 43 days on the market.

SOLD Status

Residential property sold over previous 30 days: 84 homes or $12,796,308 in sales (59 homes or $9,368,244 in sales)

Average sale price: $152,337 ($158,784)

Median sale price: $149,500 ($150,150)

High: 250K (6bd/3,153 sq. ft. home)

(280K (6bd/3,000 sq. ft. home))

Low: $60,225 (3bd/1,159 sq. ft.home)

($94,444 (3bd/1,079 sq. ft.home)

 

Below are links to previous Tracy Area Market Reports:

2/2/09 vs 1/2/09 http://www.tracyrealestateexpert.com/Blog/Tracy-Area-Market-Report-2209-vs-1209

12/1/08 vs. 11/3/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=19465

11/3/08 vs. 10/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=18625

10/1/08 vs. 9/2/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=17634

9/2/08 vs. 8/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=16678

8/1/08 vs. 7/9/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=15614

 4/4/08 vs. 3/4/08 http://tracyrealestateexpert.com/blog_post.asp?post=9503

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8914

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8913

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8227 

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8226

10/30/07 http://tracyrealestateexpert.com/blog_post.asp?post=5779