The following information is from the local MLS database, as of April 1, 2013 and is compared to (March 1, 2013).  We are seeing many more equity sellers again this month as prices are rising.There are still too few homes on the market and all listings receive multiple offers many well over asking and with no appraisal contingency.  Interest rates are rising slightly with 30 yr fixed at 3.56% and 15 year at 2.77%. 
The supply of foreclosed properties has slowed as banks seem to be holding off on foreclosures or reselling them. The average list to sale price is close to or over 100% of the list price in most areas now.  The median price is stable and increasing in some areas.  Listings and pendings are showing increased prices due to lower inventories

  If you have been on the Fence about selling your home then NOW is the time to sell. If you are curious to see if you now have equity in your house, give us a call for a market analysis!  If you are in need of counseling about the short sale process and how it effects your credit, please give us a call.  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

Mortgage Forgiveness Debt Relief Act has been extended for another year.  The measure will continue to exempt from taxation mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification (including any principal reduction) or foreclosure. Now is the time to do a short sale if you need to!

 

                           Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 28 (36)

# of REO (foreclosures): 1 (3)

# of Short Sales: 2 (1)

Average # of days on market: 9 (7)

The median price of all homes for sale in Tracy: $407,000 ($303,750)

The average price of all homes for sale in Tracy: $458,701 ($384,319)

Lowest priced home: 2br/720sqft. ft. /$145,000

Highest priced home: 6bd/8078 sqft. ft. /$1,290,000

PENDING Status

Number of properties currently under agreement: 226 (227)

# of REO: 15 (19)

# of Pending Short Lender Approval: 102 (108)

Average pending price: $274,000 ($267,000)

Median pending price: $260,850 ($259,900)

 SOLD Status

Residential property sold over previous 30 days: 80 homes (78)

REO’s sold in the last month: 10 (6)

Short sales sold in the last month: 20 (36)

Average sale price: $302,836 ($275,597)

Median sale price: $299,000 ($263,000)

High: $566,000 (6bd/5215sq. ft. home)

Low: $135,000 (2bd/1047sq. ft. home)

 

 

Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 8 (3)

# of REO (foreclosures): 0 (2)

# of Short Sales: 0 (0)

Average # of days on market: 7 (20)

The average price of all homes for sale in Mountain House: $360,585 ($265,767)

The median price of all homes for sale in Mountain House: $335,419 ($229,900)

Lowest priced home: 2bd/1275sq. ft. /$149,000

Highest priced home: 3bd/1869 sq. ft. /$350,950

 PENDING Status

Number of properties currently under agreement: 68 (66)

# of REO: 8 (6)

# of Pending Short Lender Approval: 23 (23)

Median pending price: $337,475 ($327,500)

 Average pending price: $323,387 ($320,246)

 SOLD Status

Residential property sold over previous 30 days: 21 homes  (15 homes)

REO’s sold in the last month: 2 (3)

Short sales sold in the last month: 5 (0)

Average sale price: $357,862 ($296,667)

Median sale price: $360,000 ($275,000)

High: $468,000 (6bd/3564sq. ft. homes

Low: $160,000(2bd/1262sq. ft. home)