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The Barringer Team Market Trends Newsletter

Local Market Trends

 

The following information is from the local MLS database, as of February 1, 2018 and is compared to (January 1, 2018).   Prices are increasing as the inventory is declining since last month as there are fewer homes coming on the market.  Demand is still strong and good homes get multiple offers especially homes priced under $400,000 and the higher priced homes are taking longer to sell.  We only have a 1.2 months supply of inventory.  A healthy market has 6 months supply. Listing prices are increasing as a result of this but we are seeing more price reductions as homes are on the market longer.  Buyers are still eager to buy and they are watching the new listings as they hit the market. And with fewer choices buyers are competing to get their offers accepted. There are only serious buyers looking now. Interest rates are fluctuating up and down with 30 yr fixed at 4.25% and FHA/VA at 3.75-4.0%. 15 yr is 3.35. Still the lowest rates! New home construction projects are in full speed and even though the prices are a little higher, there are still good deals out there in the new communities. The largest one is the Ellis Community with 11 models to choose from.  Don't forget...We can represent you with the new home builders too!  Don't go with out being represented!

   If you have been on the Fence about selling your home then NOW is still the time to sell. We need more listings! We only have a 1.2 month supply of homes to sell.  This is a serious SELLER'S MARKET and buyer in these months are serious buyers.   If you are curious to see how much equity you have in your house, give us a call for a market analysis! 209-833-7777 e-mail is sales@tracyhomes.com. Or go to www.TracyHomeValue.com to get an automated market analysis. 

Tracy, CA

ACTIVE STATUS

Total # of residential properties for sale in the city of Tracy: 63 (81)

# of REO (foreclosures): 0 (1)

# of Short Sales: 0 (1)

Average # of days on market: 54 (43)

#New Construction:  18

The median price of all homes for sale in Tracy: $560,000 ($550,000)

PENDING STATUS

Number of properties currently under agreement: 100 (97)

# of REO: 1 (0)

# of Pending Short Lender Approval: 4 (4)

# of New Construction:  6

Median pending price: $499,975 ($469,000)

 

SOLD STATUS

Residential property sold over previous 30 days: 66 homes (65)

REO's sold in the last month: 0 (0)

Short sales sold in the last month: 1 (4)

Median sale price: $466,750 ($442,000)

# of New Construction:  5

Median # of days on the market:  18 (17)

 

 

Mountain House, CA

 

ACTIVE STATUS

 

Total # of residential properties for sale in the city of Mountain House: 13 (7)

# of REO (foreclosures): 0 (0)

# of Short Sales: 1 (1)

# of New Construction: 3 (0)

Average # of days on market: 12 (18)

The median price of all homes for sale in Mountain House: $675,000 ($660,000)

 

PENDING STATUS

 

Number of properties currently under agreement: 21 (25)

# of REO: 0 (0)

# of Pending Short Lender Approval: 0 (0)

# New Construction: 8

Median pending price: $599,900 ($585,000)

 

SOLD STATUS

 

Residential property sold over previous 30 days: 13 homes (22 homes)

REO's sold in the last month: 0 (0)

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

New Construction sold: 0

Median sale price: $529,000 ($571,000)

Median # of days on the Market: 14  (10)

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HOMES SOLD IN TRACY IN JANUARY

Take a look at this chart to see the SOLDS in Tracy for January.  Call us for a free Market Analysis on your home!  209-833-7777.

    Address    Beds Baths Sq Ft  List  Sell    DOM  
2271   Summergate Dr 2 3 (2 1) 1271 375000 375000 79  
3599   Avalon St 4 3 (2 1) 2574 615900 599900 160  
2618   Remy Cantos Dr 4 3 (3 0) 3235 661290 694134 46  
7330   Delta Ave 2 1 (1 0) 864 545000 505000 159  
5987   W. Durham Ferry Rd.   3 3 (2 1) 2242 1650000 1650000 139  
1768   Ponderosa Dr 4 3 (3 0) 3235 637490 649811 68  
1245   Constitution Way 5 3 (3 0) 2574 650000 640000 91  
2421   Ellis Town Dr 4 3 (3 0) 2795 585000 575000 102  
2240   Martin Rd 3 2 (1 1) 1084 330000 327000 73  
515   Winston Ct 4 2 (2 0) 1454 385000 388000 23  
1880   Bristlecone Dr 3 2 (2 0) 1306 424999 424999 34  
839   Williams St 3 3 (2 1) 1428 399000 395000 58  
1011 N Hickory Ave 4 2 (2 0) 1290 379900 365000 35  
1153   Chaplin Way 4 (5) 3 (3 0) 2294 480000 480000 59  
1785 W Kavanagh Ave 4 3 (3 0) 2420 459000 445000 48  
2840   Valentino Ct 4 2 (2 0) 1778 429000 435000 4  
1155   Poppy Hills Ct 4 4 (3 1) 2968 549000 530000 70  
741   Saffron Dr 5 3 (3 0) 3264 569900 562000 60  
2285   Morningside Ct 2 3 (2 1) 1271 319000 319000 52  
1919   Parker Ave 2 1 (1 0) 520 230000 225000 37  
1603   Egret Dr 4 3 (3 0) 2300 475000 482000 42  
728   F St 3 1 (1 0) 1052 335000 335000 37  
1444   Vivian Ln 4 3 (3 0) 2933 535000 535000 4  
2862   Safford Ave 4 3 (2 1) 2776 520000 492000 26  
1895   Calaveras Ct 3 3 (2 1) 1808 466000 466000 51  
410   Amber Ct 3 2 (2 0) 1306 395000 405000 4  
355   Hawthorne Dr 2 2 (2 0) 967 329900 340000 11  
2589   Almanor Dr 4 3 (3 0) 2368 499950 499950 43  
322   Fairmont Ct 4 (5) 3 (3 0) 2316 479900 475000 26  
462   Quail Run Circle   4 3 (3 0) 2588 535000 525000 22  
2656   Spencer Ct 3 2 (2 0) 1434 419950 427500 15  
341 W Eaton Ave 2 2 (1 1) 2120 419950 415000 11  
165   Silkwood Ln 3 2 (2 0) 1755 474500 460000 20  
2927   Taylor Way 4 3 (2 1) 2176 469000 465000 22  
4006   Long Ave 4 4 (3 1) 3395 653900 640000 18  
98   Primrose Ct 3 3 (2 1) 2057 475000 475000 16  
210   Wisteria Ln 3 (4) 2 (2 0) 1841 465000 465000 9  
2375   Christy St 4 3 (3 0) 2052 444888 470000 16  
874   Tom Fowler Dr 5 (6) 3 (2 1) 2240 509950 509950 18  
2425   Travao   3 2 (2 0) 1602 430000 432000 40  
2135   Devin Ct 4 3 (3 0) 1954 464900 475000 8  
1657   Kyle Dayton Dr 4 3 (3 0) 2111 549900 545000 15  
1836   bankston Dr 3 (4) 2 (2 0) 2145 499950 505000 3  
2477   Stalsburg Dr 4 3 (3 0) 2465 549990 555000 12  
325   Covey Ln 5 3 (3 0) 2962 520000 520000 20  
313   Portola Way 3 2 (2 0) 1199 360000 360000 5  
451   Leamon St 3 3 (2 1) 1446 410000 414000 6  
2755   Redbridge Rd 3 3 (2 1) 2698 589000 595000 29  
304   William Pishner Jr Dr 5 3 (3 0) 2389 499000 497000 3  
2889   Hawkins Ln 3 2 (2 0) 1483 438888 438888 11  
1640 W Kavanagh   3 2 (2 0) 1781 455000 440000 9  
2875   Atlanta Drive   4 2 (2 0) 1854 380000 425000 9  
463   Montclair Ln 4 3 (2 1) 1868 467500 467500 3  
1827   Camellia   3 3 (2 1) 1808 435000 435000 6  
215   Christopher Michael Ln 4 3 (2 1) 2215 499950 525000 5  
1930   Birchwood Ct 4 3 (3 0) 1772 450000 455000 10  
2246   Sabrina Way 4 2 (2 0) 1850 480000 470000 26  
1301   Audrey Dr 3 2 (2 0) 1529 395000 395000 13  
1965   Silverberry St 3 (4) 3 (2 1) 1808 429950 445000 9  
1360   Busca Dr 3 2 (2 0) 1329 375000 385000 6  
2187   Wynngate Ct 2 3 (2 1) 1080 358888 370000 8  
951   Allegheny St 3 2 (2 0) 1955 449950 455000 7  
1623   Orchid Dr 3 2 (2 0) 1156 398800 410000 6  
1543   Egret Dr 4 2 (2 0) 2030 475000 480000 5  
1510   Joseph Menusa Ln 4 2 (2 0) 1850 485000 485000 5  
1933   Raven Ct 5 3 (3 0) 2917 619000 650000 6  

How To Create Year Around Curb Appeal

How To Create Year-Round Home Curb Appeal

Exceptional curb appeal will add to the enjoyment and value of your property and home. Maintaining your curb appeal throughout each season may pose its challenges, but with these tips, you can ensure that your home and landscaping will look their very best throughout the year.

#1 Clean It Up

A thorough power wash is essential for maintaining the cleanliness of your home, driveway and walkways. Many homeowners prefer to do this in the spring, but you might consider an additional wash in the fall as well. By keeping your landscape free of debris like broken branches and dead trees, you can better maintain the appearance of your property.

#2 Planting for Seasonal Interest

It's helpful to plant with each season in mind to ensure that your landscape looks great year-round. Spring bulbs and flowering trees add visual interest to your landscape at the start of the growing season. A lush lawn and pots of colorful annuals can provide eye-catching appeal in the summer. Think about late summer perennials and deciduous trees or shrubs that boast spectacular fall colors. Evergreens are classic winter plants, but you might also wish to plant trees like birch or interesting shrubs to draw the eye.

#3 Vertical Interest

To avoid flat looking landscaping, be sure to include vertical interest. Arches, even when bare during the winter season, will add visual interest to your front yard. Hanging plants, vines, climbing plants, trellises and even a decorative light post will ensure that your yard has a visual balance year-round.

#4 Hardscaping

Plants aren't the only method of achieving excellent curb appeal. Consider replacing a worn-out front walkway with elegant cobblestone or brick pavers. Replace mulch with stone or encircle trees and shrubs to achieve a more formal look for your property. Boulders can be strategically placed to draw the eye and provide further visual interest for your setting.

#5 Tackle Problem Areas

If you have a slope that's difficult to mow or a sunken section of landscaping that always seems to flood, consider a solution. A low-maintenance, terraced garden is ideal for sloping sections of land that are difficult to mow. On the other hand, there are no-mow grasses that can replace a traditional lawn. Installing adequate drainage for low-lying areas of your landscape can help reduce the flooding that occurs during stormy seasons.

#6 House Appeal

You can increase the year-round curb appeal of your home by maintaining its outward appearance. A pleasing door, elegant fixtures, contemporary railings, eye-catching shutters and stylized window boxes will go a long way to boost your curb appeal. For an additional wow factor, consider expanding your porch or replacing worn siding to improve the appearance of your home.

Conclusion

Great curb appeal begins with assessing your current setting. When you do install new features, it's important to consider how they will appear during each season. 


Written by Andrea Davis

 

Selling Your Home This Year

Selling Your Home This Year? 6 Reasons To Renovate Now

Face it. Your home's not perfect. You may keep up with general maintenance, and perhaps you're meticulously clean. But how old is your kitchen? Do your paint colors reflect current trends? Could your living room use some updating?

When it comes to selling your home today, it's got to be perfect, or buyers will simply move on to the next option. Doing some renovations, whether that means overhauling areas that are long overdue for a facelift or making some simple changes that freshen up the place, is typical. But if you're thinking they can wait until you're ready to list your home, these 6 reasons may make you rethink that plan.

1. You get to enjoy the new look

"A worthy update can either serve to reduce your cost of living while you remain in the home or add significant value to the home's sale price when you decide to put it on the market," said Scott McGillivray, a real estate investor and host of the HGTV show Income Property to US News.

But if you're going to spend some cash on updating and renovating your place, you should at least be able to get some enjoyment out of the updates before turning the house over to someone else, right? If you've been waiting for 10 years for new appliances, it would be a shame to not have the opportunity to at least cook a few meals and throw a dinner party or two.

2. They always take longer than expected

It's a fact of renovation. If your timeline is six weeks, it'll take 12. At least. Giving yourself plenty of time before you're ready to list your home will help you avoid a stressful scramble at the end when you're trying to get it on the market.

3. There may be issues you're unaware of

Your Realtor will point out areas that need to be addressed and recommend changes to make your home more saleable. But, getting your home ready to sell might be harder than you expect if problems like mold or termites are uncovered. Getting a jump on any big issues or anything that goes beyond the cosmetic will give you the time you need to fix the problems and hold onto your sanity.

4. They don't have to be huge

No one said you have to take your home down to the studs. Sometimes, a light touch is all that is needed. "Start by thinking small," said Realtor.com. "Minor cosmetic upgrades go a long way in getting more buyers through the door for a quicker sale - and time on market is key to determining what you'll net at closing."

5. You're going to need them

You may not love the idea of having to do anything to - or spend any money on - your home, especially if you already have your eyes on a new one. But, most every home needs a little upgrading, updating, or, at least staging. You don't want to have the one place in the neighborhood that won't sell because potential homebuyers see a project house, without the project price.

6. You'll get a return on your investment...if you renovate smart

Speaking of price…updated homes typically sell faster and for more money, if the updates have been done well and they're the ones buyers are looking for. If you're not sure which renovations to consider, take your cues from the Cost vs. Value Report, which tracks the "average cost for 29 popular remodeling projects with the value those projects retain at resale in 99 U.S. markets." It's a great way to look at national trends but also break down what's trending in individual areas. "How much work you'll need depends on your home's value, your market, and the comps in your neighborhood," said Realtor.com.

US News also has a great list of "popular updates that are worth the money," including adding a backsplash in the kitchen and updating bathroom vanities. 


Written by Jaymi Naciri

Contact Information

The Barringer Team
Century 21 M&M and Associates
912 W 11th Street
Tracy CA 95376
209-833-7777
800-984-7282
Fax: 209-229-7426
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