Tracy Area Market Report as of 6/10/09
Local Market Trends
The following information is from the local MLS database, as of June 10, 2009 and is compared to (May 4, 2009). 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: 357 (399)
# of REO (foreclosures): 58 (74)
# of Short Sales: 245 (266)
Average # of days on market: 116 (118)
The median price of all homes for sale in Tracy: $280,450 ($293,000)
The average price of all homes for sale in Tracy: $382,315 ($397,710)
Lowest priced home: 1bd/660 sq. ft./$64,900
Highest priced home: 6bd/7,004 sq. ft./$1,399,000
Square Feet # of Homes for Sale in Tracy Median List Price Average List Price 1,000 to 1,400* 14 $127,400 $121,589 1,500 to 2,000** 17 $189,900 $181,398 2,000 to 4,000 44 $341,745 $453,898
PENDING Status
Number of properties currently under agreement: 371 (394)
# of REO: 222 (268)
# of Short Sales: 116 (90)
Average pending price: $216,774 ($219,013)
Average pending home is 4 bedrooms, 1,995 square feet at a price of $216,774 that stays 54 days on the market.
Square Feet # of Homes Pending in Tracy Median List Price Average List Price 1,000 to 1,400* 68 $132,500 $134,425 1,500 to 2,000** 101 $184,900 $181,949 2,000 to 4,000 147 $270,000 $285,539
SOLD Status
Residential property sold over previous 30 days: 161 homes or $34,488,887 in sales (162 homes or $35,210,164 in sales)
REO's sold in the last month: 129 (122)
Short sales sold in the last month: 20 (27)
Average sale price: $214,217 ($217,347)
Median sale price: $220,000 ($215,000)
High: 675K (6bd, 3,767 sq. ft. home)
Low: 47K (2bd, 684 sq. ft. home)
Square Feet # of Homes Sold in the last month in Tracy Median List Price Average List Price 1,000 to 1,400* 37 $116,000 $125,616 1,500 to 2,000** 44 $199,000 $195,473 2,000 to 4,000 83 $269,000 $279,609
Mountain House, CA
ACTIVE Status
Total # of residential properties for sale in the city of Mountain House: 105 (98)
# of REO (foreclosures): 11 (13)
# of Short Sales: 81 (74)
Average # of days on market: 47 (64)
The median price of all homes for sale in Mountain House: $317,450 ($317,400)
The average price of all homes for sale in Mountain House: $320,171 ($321,404)
Lowest priced home: 2bd/1,260 sq. ft./$189,900
Highest priced home: 5bd/4,021 sq. ft./$549,950
Square Feet # of Homes for Sale in Mountain House Median List Price Average List Price 1,000 to 1,400* 2 $206,400 $206,400 1,500 to 2,000** 4 $209,950 $218,675 2,000 to 4,000 10 $347,450 $347,220
PENDING Status
Number of properties currently under agreement: 86 (80)
# of REO: 35 (40)
# of Short Sales: 34 (29)
Average pending price: $304,103 ($305,481)
Average pending home is 4 bedrooms, 2,584 square feet at a price of $304,103 that stays 46 days on the market.
|
Square Feet |
# of Homes Pending in Mountain House |
Median List Price |
Average List Price |
|
1,000 to 1,400* |
5 |
$153,425 |
$169,235 |
|
1,500 to 2,000** |
9 |
$208,900 |
$212,470 |
|
2,000 to 4,000 |
74 |
$322,450 |
$31,990 |
SOLD Status
Residential property sold over previous 30 days: 25 homes or $7,904,200 in sales (26 homes or $7,710,800in sales)
REO's sold in the last month: 15 (17)
Short sales sold in the last month: 6 (4)
Average sale price: $316,168 ($296,569)
Median sale price: $325,000 ($275,000)
High: 405K (6bd, 3,975 sq. ft. home)
Low: 184K (2bd, 1,260 sq. ft. home)
|
Square Feet |
# of Homes Sold in the last month in Mountain House |
Median List Price |
Average List Price |
|
1,000 to 1,400* |
0 |
$0 |
$0 |
|
1,500 to 2,000** |
0 |
$0 |
$0 |
|
2,000 to 4,000 |
25 |
$335,000 |
$328,828 |
Lathrop, CA
ACTIVE Status
Total # of residential properties for sale in the city of Lathrop: 105 (117)
# of REO (foreclosures): 17 (29)
# of Short Sales: 76 (78)
Average # of days on market: 48 (77)
The median price of all homes for sale in Lathrop: $179,900 ($174,900)
The average price of all homes for sale in Lathrop: $199,967 ($197,993)
Lowest priced home: 2bd/768 sq. ft/$67,900
Highest priced home: 6bd/3,560 sq. ft./$799,900
Square Feet # of Homes for Sale in Lathrop Median List Price Average List Price 1,000 to 1,400* 1 $59,900 $59,900 1,500 to 2,000** 8 $154,500 $161,754 2,000 to 4,000 13 $187,200 $248,020
PENDING Status
Number of prpoerties currently under agreement: 136 (148)
# of REO (foreclosures): 88 (117)
# of Short Sales: 30 (31)
Avearge pending price: $185,111 ($177,338)
Average pending home is 4 bedrooms, 2,250 square feet at a price of $185,111 that stays 50 days on the market.
|
Square Feet |
# of Homes Pending in Lathrop |
Median List Price |
Average List Price |
|
1,000 to 1,400* |
17 |
$114,900 |
$104,576 |
|
1,500 to 2,000** |
36 |
$159,900 |
$158,543 |
|
2,000 to 4,000 |
90 |
$199,900 |
$223,088 |
SOLD Status
Residential property sold over previous 30 days: 66 homes or $11,131,088 in sales (57 homes or $9,524,177 in sales)
REO's sold in the last month: 59 (48)
Short Sales sold in the last month: 6 (4)
Average sale price: $168,653 ($167,091)
Median sale price: $168,000 ($161,100)
High: 300K (6bd/4,011 sq. ft. home)
Low: 67.5K (3bd/960 sq. ft. home)
|
Square Feet |
# of Homes Sold in the last month in Lathrop |
Median List Price |
Average List Price |
|
1,000 to 1,400* |
14 |
$85,300 |
$91,147 |
|
1,500 to 2,000** |
10 |
$150,000 |
$149,408 |
|
2,000 to 4,000 |
35 |
$190,000 |
$202,477 |
Weston Ranch, CA
ACTIVE Status
Total # of residential properties for sale in Weston Ranch: 102 (121)
# of REO (foreclosures): 21 (34)
# of Short Sales: 72 (80)
Average # of days on market: 45 (53)
The median price of all homes for sale in Weston Ranch: $138,950 ($139,900)
The average price of all homes for sale in Weston Ranch: $144,023 ($144,338)
Lowest priced home: 1bd/1,100 sq. ft./$39,500
Highest priced home: 6bd/43,650 sq. ft./$249,900
Square Feet # of Homes for Sale in Weston Ranch Median List Price Average List Price 1,000 to 1,400* 4 $92,400 $100,925 1,500 to 2,000** 6 $137,500 $142,317 2,000 to 4,000 10 $159,950 $175,986
PENDING Status
Number of properties currently under agreement: 147 (146)
# of REO: 105 (115)
# of Short Sales: 72 (80)
Average pending price: $137,009 ($140,564)
Average pending home is 4 bedrooms, 2,018 square feet that stays 42 days on the market.
Square Feet # of Homes Pending in Weston Ranch Median List Price Average List Price 1,000 to 1,400* 15 $101,000 $103,826 1,500 to 2,000** 55 $128,000 $125,411 2,000 to 4,000 66 $159,950 $164,812
SOLD Status
Residential property sold over the previous 30 days: 61 homes or $8,607,850 in sales (73 homes or $10,126,476 in sales)
Short sales sold in the last month: 4 (4)
Average sale price: $141,112 ($138,705)
Median sale price: $135,000 ($135,000)
High: 220K (6bd/3,000 sq. ft. home)
(225K (5bd/3,376 sq. ft. home))
Low: 85.5K (3bd/1,176 sq. ft. home)
(39.9K (3bd/1,085 sq. ft. home))
|
Square Feet |
# of Homes Sold in the last month in Weston Ranch |
Median List Price |
Average List Price |
|
1,000 to 1,400* |
1 |
$108,900 |
$108,900 |
|
1,500 to 2,000** |
39 |
$130,000 |
$128,060 |
|
2,000 to 4,000 |
30 |
$165,000 |
$162,333 |
* $0-$250,000
** $0-$260,000
