The following information is from the local MLS database, as of July 12, 2010 and is compared to (June 1, 2010).  The Tracy Market continues to be dominated with bank owned and short sale inventory.  The lack of inventory and abundance of buyers have created multiple offer situations on almost every active listing there by creating over bidding.  Appraisal is still at issue as if the home gets bided up it still must appraise for value.  Buyers consist of first time buyers and investors. 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: 373 (369)

# of REO (foreclosures): 44 (48)

# of Short Sales: 268 (266)

Average # of days on market: 59 (67)

The median price of all homes for sale in Tracy: $249,900 ($239,900)

The average price of all homes for sale in Tracy: $267,646 ($263,887)

Lowest priced home: 1bd/612 sq. ft. /$80,900

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

18

$162,000

$212,319

1,500 to 2,000

22

$204,450

$214,272

2,000 to 4,000

52

$299,900

$319,812

 

PENDING Status

Number of properties currently under agreement: 281 (302)

# of REO: 62 (67)

# of Short Sales: 156 (170)

Average pending price: $223,755 ($222,225)

 Average pending home is 4 bedrooms, 1,990 square feet at a price of $223,755 that stays 37 days on the market.

 

Square Feet

# of homes for pending in Tracy

Median Pending Price

Average Pending Price

1,000 to 1,400

50

$147,944

$145,801

1,500 to 2,000

79

$210,000

$206,937

2,000 to 4,000

116

$269,950

$279,708

 

SOLD Status

Residential property sold over previous 30 days: 123 homes or $27,942,025 in sales (117 homes or $27,084,863 in sales)

REO’s sold in the last month: 42 (40)

Short sales sold in the last month: 44 (34)

Average sale price: $227,171 ($231,495)

Median sale price: $225,000 ($235,000)

High: 430K (6bd/4,098 sq. ft. home)

Low: 66K (2bd/936 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

32

$160,500

$155,531

1,500 to 2,000

25

$215,000

$206,598

2,000 to 4,000

54

$280,000

$287,941

 

Mountain House, CA

 

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 101 (102)

# of REO (foreclosures): 9 (7)

# of Short Sales: 75 (81)

Average # of days on market: 27 (30)

The median price of all homes for sale in Mountain House: $312,450 ($308,888)

The average price of all homes for sale in Mountain House: $320,759 ($318,726)

Lowest priced home: 2bd/1,155 sq. ft. /$149,900

Highest priced home: 5bd/3,858 sq. ft. /$449,900

 

Square Feet

# of homes for sale in Mountain House

Median List Price

Average List Price

1,000 to 1,400

6

$229,400

$218,841

1,500 to 2,000

2

$252,750

$252,750

2,000 to 4,000

16

$395,500

$380,106

 

PENDING Status

Number of properties currently under agreement: 93 (101)

# of REO: 14 (20)

# of Short Sales: 54 (52)

Average pending price: $302,262 ($312,611)

 Average pending home is 4 bedrooms, 2,500 square feet at a price of $302,262 that stays 36 days on the market.

 

Square Feet

# of homes pending in Mountain House

Median Pending Price

Average Pending Price

1,000 to 1,400

6

$174,900

$176,300

1,500 to 2,000

13

$210,000

$229,822

2,000 to 4,000

66

$344,500

$342,977

  

SOLD Status

Residential property sold over previous 30 days: 28 homes or $8,974,950 in sales (28 homes or $8,678,050 in sales)

REO’s sold in the last month: 7 (8)

Short sales sold in the last month: 13 (11)

Average sale price: $320,534 ($309,930)

Median sale price: $325,000 ($315,500)

High: 465K (6bd/3,992 sq. ft. home)

Low: $199,300 (3bd/1,367 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

2

$230,500

$230,500

1,500 to 2,000

3

$245,000

$244,767

2,000 to 4,000

23

$328,400

$338,246

 

Lathrop, CA

 

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 129 (134)

# of REO (foreclosures): 26 (21)

# of Short Sales: 75 (92)

Average # of days on market: 39 (42)

The median price of all homes for sale in Lathrop: $195,900 ($200,620)

The average price of all homes for sale in Lathrop: $252,319 ($259,562)

Lowest priced home: 2bd/1,040 sq. ft. /$107,100

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

$125,000

$130,964

1,500 to 2,000

11

$179,900

$182,365

2,000 to 4,000

27

$219,900

$316,583

 

PENDING Status

Number of properties currently under agreement: 88 (76)

# of REO: 37 (28)

# of Short Sales: 33 (34)

Average pending price: $188,390 ($186,978) 

Average pending home is 4 bedrooms, 2,209 square feet at a price of $188,390 that stays 51 days on the market.

 

Square Feet

# of homes pending in Lathrop

Median Pending Price

Average Pending Price

1,000 to 1,400

18

$132,450

$125,072

1,500 to 2,000

20

$155,950

$160,355

2,000 to 4,000

50

$215,400

$222,399

 

SOLD Status

Residential property sold over previous 30 days: 28 homes or $5,462,490 in sales (41 homes or $7,243,950 in sales)

REO’s sold in the last month: 9 (28)

Short sales sold in the last month: 10 (6)

Average sale price: $195,089 ($176,682)

Median sale price: $188,325 ($187,500)

High: 290K (5bd/3,870 sq. ft. home)

Low: 112K (3bd/1,092 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

4

$143,500

$137,250

1,500 to 2,000

9

$175,000

$178,556

2,000 to 4,000

13

$229,900

$233,268

 

Weston Ranch, CA

 

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 137 (114)

# of REO (foreclosures): 28 (24)

# of Short Sales: 85 (77)

Average # of days on market: 46 (43)

The median price of all homes for sale in Weston Ranch: $163,650 ($170,500)

The average price of all homes for sale in Weston Ranch: $176,952 ($175,642)

Lowest priced home: 2bd/1,348 sq. ft./$99,900

Highest priced home: 6bd/3,054 sq. ft./$699,950

 

Square Feet

# of homes for sale in Weston Ranch

Median List Price

Average List Price

1,000 to 1,400

3

$143,000

$139,267

1,500 to 2,000

19

$149,900

$152,913

2,000 to 4,000

26

$185,400

$204,567

 

PENDING Status

Number of properties currently under agreement: 77 (90)

# of REO: 35 (41)

# of Short Sales: 27 (33)

Average pending price: $147,054 ($148,247)

 Average pending home is 4 bedrooms, 1,911 square feet at a price of $147,054 that stays 31 days on the market.

 

Square Feet

# of homes pending in Weston Ranch

Median Pending Price

Average Pending Price

1,000 to 1,400

5

$119,000

$116,160

1,500 to 2,000

38

$139,000

$142,363

2,000 to 4,000

26

$171,400

$170,684

 

SOLD Status

Residential property sold over previous 30 days: 43 homes or $6,714,185 in sales (36 homes or $5,617,300 in sales)

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

REO’s sold in the last month: 28 (15)

Average sale price: $156,144 ($156,036)

Median sale price: $155,250 ($154,000)

High: 224.5K (5bd/2,915 sq. ft. home)

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

Low: $1,205 (3bd/1,012 sq. ft. home)

(104K (3bd/1,090 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

$115,000

$115,000

1,500 to 2,000

18

$148,000

$135,225

2,000 to 4,000

22

$177,500

$178,415