The following information is from the local MLS database, as of September 1, 2010 and is compared to (August 2, 2010). The Tracy Market continues to be dominated with bank owned and short sale inventory. The lack of inventory and abundance of buyers have created multiple offer situations on almost every active listing there by creating over bidding. Appraisal is still at issue as if the home gets bided up it still must appraise for value. Interest Rates are 4.36% for a 30-year fixed. This is the lowest since they have been tracking rates. Buyers consist of first time buyers and investors. 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: 406 (384)
# of REO (foreclosures): 49 (46)
# of Short Sales: 289 (272)
Average # of days on market: 68 (60)
The median price of all homes for sale in Tracy: $240,000 ($249,900)
The average price of all homes for sale in Tracy: $253,917 ($267,399)
Lowest priced home: 1bd/440 sq. ft. /$31,700
Highest priced home: 18bd/8,112 sq. ft. /$1,999,000
|
Square Feet
|
# of homes for sale in Tracy
|
Median List Price
|
Average List Price
|
|
1,000 to 1,400
|
22
|
$154,500
|
$195,784
|
|
1,500 to 2,000
|
36
|
$207,400
|
$205,421
|
|
2,000 to 4,000
|
48
|
$299,900
|
$317,883
|
PENDING Status
Number of properties currently under agreement: 237 (249)
# of REO: 65 (59)
# of Short Sales: 130 (140)
Average pending price: $225,357 ($222,672)
Average pending home is 4 bedrooms, 2,002 square feet at a price of $225,357 that stays 41 days on the market.
|
Square Feet
|
# of homes for pending in Tracy
|
Median Pending Price
|
Average Pending Price
|
|
1,000 to 1,400
|
46
|
$149,900
|
$147,658
|
|
1,500 to 2,000
|
64
|
$210,000
|
$204,057
|
|
2,000 to 4,000
|
105
|
$274,500
|
$282,653
|
SOLD Status
Residential property sold over previous 30 days: 105 homes or $23,404,453 in sales (97 homes or $22,996,233 in sales)
REO’s sold in the last month: 30 (33)
Short sales sold in the last month: 45 (30)
Average sale price: $220,990 ($237,075)
Median sale price: $215,000 ($234,900)
High: 430K (5bd/3,698 sq. ft. home)
Low: 65K (1bd/593 sq. ft. home)
|
Square Feet
|
# of homes sold in the last month in Tracy
|
Median Sale Price
|
Average Sale Price
|
|
1,000 to 1,400
|
19
|
$150,000
|
$150,232
|
|
1,500 to 2,000
|
24
|
$192,500
|
$197,650
|
|
2,000 to 4,000
|
51
|
$278,000
|
$279,970
|
Mountain House, CA
ACTIVE Status
Total # of residential properties for sale in the city of Mountain House: 109 (106)
# of REO (foreclosures): 13 (13)
# of Short Sales: 68 (71)
Average # of days on market: 66 (32)
The median price of all homes for sale in Mountain House: $316,000 ($292,450)
The average price of all homes for sale in Mountain House: $332,439 ($308,440)
Lowest priced home: 1bd/1,112 sq. ft. /$80,000
Highest priced home: 6bd/4,462 sq. ft. /$470,000
|
Square Feet
|
# of homes for sale in Mountain House
|
Median List Price
|
Average List Price
|
|
1,000 to 1,400
|
5
|
$229,900
|
$218,080
|
|
1,500 to 2,000
|
10
|
$242,900
|
$249,045
|
|
2,000 to 4,000
|
19
|
$380,000
|
$375,918
|
PENDING Status
Number of properties currently under agreement: 81 (90)
# of REO: 13 (13)
# of Short Sales: 49 (53)
Average pending price: $298,427 ($303,545)
Average pending home is 4 bedrooms, 2,491 square feet at a price of $298,427 that stays 54 days on the market.
|
Square Feet
|
# of homes pending in Mountain House
|
Median Pending Price
|
Average Pending Price
|
|
1,000 to 1,400
|
8
|
$189,450
|
$186,668
|
|
1,500 to 2,000
|
6
|
$237,500
|
$235,500
|
|
2,000 to 4,000
|
62
|
$319,950
|
$328,248
|
SOLD Status
Residential property sold over previous 30 days: 22 homes or $7,041,208 in sales (20 homes or $6,573,300 in sales)
REO’s sold in the last month: 2 (8)
Short sales sold in the last month: 8 (4)
Average sale price: $320,055 ($328,665)
Median sale price: $356,250 ($319,700)
High: $456,058 (5bd/3,634 sq. ft. home)
Low: $146K (2bd/1,262 sq. ft. home)
|
Square Feet
|
# of homes sold in the last month in Mountain House
|
Median Sale Price
|
Average Sale Price
|
|
1,000 to 1,400
|
3
|
$152,000
|
$152,667
|
|
1,500 to 2,000
|
2
|
$243,000
|
$243,000
|
|
2,000 to 4,000
|
16
|
$372,500
|
$370,451
|
Lathrop, CA
ACTIVE Status
Total # of residential properties for sale in the city of Lathrop: 133 (120)
# of REO (foreclosures): 27 (26)
# of Short Sales: 84 (75)
Average # of days on market: 70 (45)
The median price of all homes for sale in Lathrop: $197,900 ($189,900)
The average price of all homes for sale in Lathrop: $208,094 ($252,508)
Lowest priced home: 2bd/728 sq. ft. /$35,000
Highest priced home: 5bd/4,165 sq. ft. /$2,500,000
|
Square Feet
|
# of homes for sale in Lathrop
|
Median List Price
|
Average List Price
|
|
1,000 to 1,400
|
15
|
$134,900
|
$147,590
|
|
1,500 to 2,000
|
16
|
$179,950
|
$184,334
|
|
2,000 to 4,000
|
19
|
$236,956
|
$241,706
|
PENDING Status
Number of properties currently under agreement: 76 (93)
# of REO: 30 (33)
# of Short Sales: 24 (34)
Average pending price: $197,343 ($191,891)
Average pending home is 4 bedrooms, 2,307 square feet at a price of $197,343 that stays 45 days on the market.
|
Square Feet
|
# of homes pending in Lathrop
|
Median Pending Price
|
Average Pending Price
|
|
1,000 to 1,400
|
10
|
$135,900
|
$130,968
|
|
1,500 to 2,000
|
12
|
$160,950
|
$163,068
|
|
2,000 to 4,000
|
49
|
$214,500
|
$222,224
|
SOLD Status
Residential property sold over previous 30 days: 26 homes or $5,015,400 in sales (18 homes or $3,838,800 in sales)
REO’s sold in the last month: 12 (9)
Short sales sold in the last month: 3 (2)
Average sale price: $192,900 ($191,660)
Median sale price: $200,000 ($190,500)
High: 296K (6bd/3,743 sq. ft. home)
Low: $104,500 (3bd/1,144 sq. ft. home)
|
Square Feet
|
# of homes sold in the last month in Lathrop
|
Median Sale Price
|
Average Sale Price
|
|
1,000 to 1,400
|
6
|
$141,000
|
$136,150
|
|
1,500 to 2,000
|
4
|
$168,500
|
$169,250
|
|
2,000 to 4,000
|
17
|
$210,000
|
$220,471
|
Weston Ranch, CA
ACTIVE Status
Total # of residential properties for sale in Weston Ranch: 159 (156)
# of REO (foreclosures): 41 (37)
# of Short Sales: 86 (89)
Average # of days on market: 66 (67)
The median price of all homes for sale in Weston Ranch: $154,900 ($164,900)
The average price of all homes for sale in Weston Ranch: $163,972 ($176,870)
Lowest priced home: 1bd/683 sq. ft./$27,800
Highest priced home: 6bd/3,376 sq. ft./$430,00
|
Square Feet
|
# of homes for sale in Weston Ranch
|
Median List Price
|
Average List Price
|
|
1,000 to 1,400
|
4
|
$134,000
|
$134,450
|
|
1,500 to 2,000
|
33
|
$149,900
|
$154,401
|
|
2,000 to 4,000
|
31
|
$189,900
|
$202,340
|
PENDING Status
Number of properties currently under agreement: 235 (76)
# of REO: 64 (33)
# of Short Sales: 133 (27)
Average pending price: $224,296 ($150,763)
Average pending home is 4 bedrooms, 1,997 square feet at a price of $224,296 that stays 42 days on the market.
|
Square Feet
|
# of homes pending in Weston Ranch
|
Median Pending Price
|
Average Pending Price
|
|
1,000 to 1,400
|
7
|
$115,000
|
$119,514
|
|
1,500 to 2,000
|
23
|
$140,000
|
$141,095
|
|
2,000 to 4,000
|
31
|
$169,000
|
$170,852
|
SOLD Status
Residential property sold over previous 30 days: 27 homes or $4,402,650 in sales (28 homes or $4,031,405 in sales)
Short sales sold in the last month: 9 (5)
REO’s sold in the last month: 10 (15)
Average sale price: $163,061 ($143,979)
Median sale price: $159,900 ($148,750)
High: 222K (5bd/3,376 sq. ft. home)
(190K (5bd/2,905 sq. ft. home))
Low: 115K (3bd/1,440 sq. ft. home)
($1,205 (3bd/1,315 sq. ft. home))
|
Square Feet
|
# of homes sold in the last month in Weston Ranch
|
Median Sale Price
|
Average Sale Price
|
|
1,000 to 1,400
|
0
|
Within the last 30 days no homes have sold within this square footage range
|
|
1,500 to 2,000
|
9
|
$135,000
|
$143,794
|
|
2,000 to 4,000
|
16
|
$187,500
|
$183,469
|