The following information is from the local MLS database, as of May 4, 2012 and is compared to (April 1, 2012). The market here is dominated by short sales, REO's and Flips. The short sales that have accepted offers show as Active Short Cont. This means that they are only accepting back up offers and are contingent on lender approval of the short sale. It is miss leading to the consumer as it looks like that there are more homes available than there really are. We have broken that down for you in our stats now. 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". Interest rates remain low with 30 yr fixed at 3.88% and 15 year a 3.12%.
The inventory is declining with barley one a month supply left. There is a definite 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: 83 (96)
# of REO (foreclosures): 14 (20)
# of Short Sales: 36 (31)
# of Short Contingent: 164 (171)
Average # of days on market: 71 (102)
The median price of all homes for sale in Tracy: $242,000 ($240,000)
The average price of all homes for sale in Tracy: $283,060 ($261,312)
Lowest priced home: 1br/612sqft. ft. /$84,900
Highest priced home: 6bd/5755sqft. ft. /$999,900
PENDING Status
Number of properties currently under agreement: 269 (268)
# of REO:49 (41)
# of Short Sales: 153 (153)
Average pending price: $232,249 ($235,253)
Median pending price: $229,900 ($232,950)
SOLD Status
Residential property sold over previous 30 days: 110 homes (135)
REO’s sold in the last month: 19 (29)
Short sales sold in the last month: 39 (51)
Average sale price: $239,744 ($32,284)
Median sale price: $232,900 ($230,000)
High: 659,900 (6bd/4300sq. ft. home)
Low: 70,000 (2bd/839 sq. ft. home)
Mountain House, CA
ACTIVE Status
Total # of residential properties for sale in the city of Mountain House: 27 (36)
# of REO (foreclosures): 3 (3)
# of Short Sales: 6 (8)
# of Short Contingent: 37 (42)
Average # of days on market: 40 (86)
The median price of all homes for sale in Mountain House: $336,145 ($299,000)
The average price of all homes for sale in Mountain House: $329,405 ($285,223)
Lowest priced home: 2bd/1,262 sq. ft. /$149,950
Highest priced home: 5bd/3350 sq. ft. /$451,816
PENDING Status
Number of properties currently under agreement: 94 (89)
# of REO: 8 (12)
# of Short Sales: 53 (48)
Median pending price: $299,250 ($278,512)
Average pending price: 295,173 (276,000)
SOLD Status
Residential property sold over previous 30 days: 33 homes (28 homes)
REO’s sold in the last month: 6 (5)
Short sales sold in the last month: 15 (10)
Average sale price: $273,612 ($274,972)
Median sale price: $260,000 ($268,375)
High: 535,000 (6bd/3900sq. ft. homes
Low: $111,500(2bd/1262 sq. ft. home)
