The following information is from the local MLS database, as of December 1, 2011 and is compared to (November 1, 2011).  The market here is still dominated by short sales and REO's. 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". Intrest rates remain low with 30 yr fixed at 4.00% and 15 year a 3.30%. This is a healthy market now. There is a definate 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: 308 (335)

# of REO (foreclosures): 19 (33)

# of Short Sales: 243 (225)

Average # of days on market: 89 (85)

The median price of all homes for sale in Tracy: $225,000 ($229,000)

The average price of all homes for sale in Tracy: $229,798 ($232,106)

Lowest priced home: 1bd/612sq. ft. /$50,999

Highest priced home: 7bd/5159sq. ft. /$998,000

PENDING Status

Number of properties currently under agreement: 224 (214)

# of REO: 39 (36)

# of Short Sales: 131 (113)

Average pending price: $223,706 ($233,685)

Median pending price: $229,975 (226,750)

 SOLD Status

Residential property sold over previous 30 days: 102 homes (90)

REO’s sold in the last month: 26 (25)

Short sales sold in the last month: 36 (35)

Average sale price: $226,872 ($231,061)

Median sale price: $220,000 ($220,000)

High: 812K (6bd/11,120 sq. ft. home)

Low: 54,200 (0bd/875 sq. ft. home)

 

 

Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 88 (89)

# of REO (foreclosures): 3 (6)

# of Short Sales: 71 (73)

Average # of days on market: 97 (101)

The median price of all homes for sale in Mountain House: $279,950($280,000)

The average price of all homes for sale in Mountain House: $271,472($276,485)

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

Highest priced home: 6bd/4051 sq. ft. /$449,500

 PENDING Status

Number of properties currently under agreement: 60 (60)

# of REO: 11 (11)

# of Short Sales: 35 (37)

Median pending price: $279,975 ($283,025)

 Average pending price: 287,804 (286,097)

 SOLD Status

Residential property sold over previous 30 days: 17 homes  (21 homes)

REO’s sold in the last month: 11 (4)

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

Average sale price: $301,695276,171 ($301,695)

Median sale price: $260,000($296,000)

High: 415,000 (5bd/3913sq. ft. homes

Low: $114,900(3bd/1262 sq. ft. home)