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The Barringer Team Market Trends Newsletter

Local Market Trends

 

The following information is from the local MLS database, as of June 1, 2018 and is compared to (May 1, 2018).   Prices are increasing as the inventory is increasing since we are entering summer and more homes are coming on the market.  This is prime moving time for people with school aged kids.  Demand is still strong and good homes get multiple offers especially homes priced under $450,000 and the higher priced homes are taking longer to sell.  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 and Tracy Hills is breaking ground.  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 THE time to sell. We need more listings! 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: 125 (90)

# of REO (foreclosures): 1 (1)

# of Short Sales: 0 (0)

Average # of days on market: 15 (14)

#New Construction:  4

The median price of all homes for sale in Tracy: $499,850 ($522,475)

PENDING STATUS

Number of properties currently under agreement: 128 (144)

# of REO: 0 (0)

# of Pending Short Lender Approval: 0 (3)

# of New Construction:  3

Median pending price: $499,000 ($475,000)

 

SOLD STATUS

Residential property sold over previous 30 days: 87 homes (89)

REO's sold in the last month: 1 (0)

Short sales sold in the last month: 1 (0)

Median sale price: $495,000 ($485,000)

# of New Construction:  0

Median # of days on the market:  12 (9)

 

 

Mountain House, CA

 

ACTIVE STATUS

 

Total # of residential properties for sale in the city of Mountain House: 43 (29)

# of REO (foreclosures): 0 (0)

# of Short Sales: 0 (1)

# of New Construction: 2 (4)

Average # of days on market: 23 (23)

The median price of all homes for sale in Mountain House: $699,900 ($680,000)

 

PENDING STATUS

 

Number of properties currently under agreement: 31 (28)

# of REO: 0 (0)

# of Pending Short Lender Approval: 0 (0)

# New Construction: 3

Median pending price: $655,000 ($635,000)

 

SOLD STATUS

 

Residential property sold over previous 30 days: 24 homes (21 homes)

REO's sold in the last month: 0 (0)

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

New Construction sold: 2

Median sale price: $655,000 ($629,000)

Median # of days on the Market: 12  (10)

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HOMES SOLD IN TRACY IN JULY

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

    Address    Beds Baths Sq Ft  List   Sell     DOM
1373   Ferngrove Ln 3 3 (2 1) 1461 428000 420000 611  
4513   Morning Brook Ln 6 3 (3 0) 2311 472000 415000 109  
27293 S Hillview St 4 4 (3 1) 2962 929900 900000 70  
415 W 10th St 3 1 (1 0) 1064 299900 285500 77  
2285   Morningside Ct 2 3 (2 1) 1271 337000 337000 45  
450   Essex Ct 3 2 (2 0) 1230 375000 370000 30  
20 W Highland Ave 2 2 (2 0) 840 319500 320000 52  
225   Yosemite Dr 4 2 (2 0) 1838 405000 400000 19  
844   Bogetti Ln 3 2 (2 0) 1213 410000 417000 41  
2160   Seville Dr 4 3 (3 0) 2608 514900 510000 37  
830   Allegheny Ct 4 3 (3 0) 2813 550000 558000 6  
290   Adobe Ln 4 3 (3 0) 2135 495000 495000 12  
1750   Lincoln Blvd 5 3 (2 1) 2373 486990 485990 49  
1780   Birchwood Ln 4 3 (3 0) 2268 524950 517000 24  
2230   Hillcrest   3 3 (3 0) 1801 470000 480000 28  
1572   Cole Ln 3 3 (2 1) 1878 475000 475000 13  
1291   Dronero   4 3 (3 0) 2203 485000 480000 27  
2284   Morningside Ct 3 3 (2 1) 1533 389000 389000 33  
445   Centre Court Dr 3 (4) 3 (2 1) 2389 490000 495287 5  
18053   Calaveras Dr 4 3 (3 0) 2566 510000 498000 4  
515   Peerless   2 2 (1 1) 1166 275000 280000 10  
2612   Cabrillo Dr 3 2 (2 0) 1629 350000 365000 30  
145   Machado Ct 3 3 (2 1) 1491 439000 470000 8  
2544   Ontario Dr 4 (5) 3 (3 0) 2368 530000 520000 22  
1314   Audrey Dr 3 2 (2 0) 1967 459500 465000 6  
241   De Bord Dr 4 3 (3 0) 2316 529800 520000 12  
2112   Photinia Dr 5 3 (3 0) 2559 539900 550000 13  
3102   Remington Way 4 3 (3 0) 3528 899800 920000 26  
85 W 8th St 2 2 (1 1) 1350 375000 375000 24  
827   Sagewood Ln 3 3 (2 1) 2530 542500 536500 20  
2197   Wynngate Ct 3 3 (2 1) 1368 364888 352000 32  
2178   Babcock Ln 4 4 (3 1) 3089 575000 587000 18  
122   Victoria St 3 3 (2 1) 1491 435000 470000 14  
1005   Windeler Ave 2 1 (1 0) 816 285000 265000 34  
1894   Remembrance Ln 4 3 (2 1) 2147 495000 485000 26  
413   Montclair Ln 4 3 (3 0) 2316 549000 560000 1  
1950   Notre Dame Ct 4 3 (2 1) 2410 525000 520000 29  
2974   Elsinore Dr 4 2 (2 0) 1358 389900 375000 20  
1035   Meadow Lark Ln 4 3 (2 1) 2116 485000 485000 16  
241   Windchime Way 3 2 (2 0) 1588 474900 505000 4  
2759   Jackson Ave 4 3 (3 0) 2331 549000 562000 8  
1364   Yorkshire Loop 4 2 (2 0) 2034 559000 550000 12  
2813   Dorset Ln 4 (5) 3 (3 0) 2782 545000 545000 21  
773   Willow Park Ct   3 3 (2 1) 1372 449000 475000 13  
2335   Redington Dr 4 3 (3 0) 2788 559900 571000 6  
2439   Gaines Ln 4 3 (2 1) 2498 514000 515000 13  
2693   Gilberte Ct 5 (6) 4 (3 1) 3698 774888 785000 18  
399   Cose Ln 5 3 (2 1) 2799 584900 590000 6  
1521   Peony Dr 4 2 (2 0) 1907 490000 480000 18  
3995   Tropaz Ln 4 3 (2 1) 2410 519995 508995 6  
1523   Roger Dr 5 3 (3 0) 3208 720000 720000 9  
515   Gianelli St 3 3 (2 1) 2197 485000 505000 7  
747   Windeler Ave 2 2 (2 0) 908 318000 318000 7  
2664   Christy St 5 3 (3 0) 2294 539990 550000 12  
360   Redwood Ave 4 3 (3 0) 2115 524990 520000 7  
1494   Juniper Ct 3 2 (2 0) 1120 394990 403000 5  
2299   Yellowstone Ave 4 3 (3 0) 2039 570000 567500 10  
2460   Martin Anthony Ct 4 3 (3 0) 2199 499500 500000 29  
4297   Christopher Michael Ct 5 (6) 3 (3 0) 3133 665000 665000 18  
1121   Riverview Ave 4 3 (3 0) 2900 550000 570000 15  
353   Ridgeview Dr 4 (5) 3 (3 0) 2808 599990 615000 6  
344 E Eaton Ave 3 3 (3 0) 2229 545000 535000 32  
371   Falcon Ct 4 3 (3 0) 1859 469000 470000 8  
1831   Geranium Way 4 3 (3 0) 2589 545000 550000 7  
2506   Spencer Ln 3 2 (2 0) 1434 455000 465000 5  
3037   Ormonde St 4 3 (2 1) 1828 485900 487500 25  
132   Albert Ct 3 3 (2 1) 1622 445000 445000 0  
1886   Klamath Ct 4 3 (3 0) 2499 559000 585000 3  
1300   Lincoln Blvd 3 2 (2 0) 1812 460000 460000 14  
908   Mason Ct 4 3 (3 0) 2331 530000 545000 10  
2061   Cabana Ln 4 3 (3 0) 2390 529000 523000 4  
2270   Gibralter Ln 3 2 (2 0) 1604 449900 460000 7  
3761   Farnham Dr 4 3 (3 0) 2038 545000 545000 12  
1031   Navigator Dr 4 3 (3 0) 2304 497000 505000 6  
4208   Roxbury Dr.   3 2 (2 0) 1416 460000 473000 7  
1245   Tarrogana Dr 4 2 (2 0) 1405 444900 460000 6  
949   Kapareil Dr 3 2 (2 0) 1792 389999 400000 6  
1451   Hepburn St 5 (6) 3 (3 0) 2917 559000 580000 4  
2854   Redbridge Rd 4 3 (3 0) 2927 639500 644000 4  
2860   Lincoln Blvd 3 2 (2 0) 1198 375000 375000 9  
3367   patch Ln 4 3 (2 1) 1607 476000 488000 6  
2780   Butler Ct 3 3 (2 1) 1778 450000 465500 7  
1951   Mello Ct 4 2 (2 0) 1532 429950 440000 5  
1890   Heron St 5 3 (3 0) 2917 562000 562000 4  
4267   Christopher Michael Ct 5 (6) 3 (3 0) 3133 665000 650000 4  
3979   Leslie Ct 4 2 (2 0) 2032 494999 525000 22  
2660   Ponte Mira Way 3 2 (2 0) 1443 369000 370000 3  

Curb Appeal Problems

Curb Appeal Problems And Easy Ways To Fix Them

Just how important is curb appeal? Real estate industry legend Barbara Corcoran has said, "Buyers decide in the first eight seconds of seeing a home if they're interested in buying it." What are buyers going to see in the first eight seconds after driving up to your place?

If you've walked around the perimeter of your house recently, you've probably seen at least a couple of issues that need to be addressed before you sell. And your plan probably depends on how much time you have available. If you're listing your house today and expect immediate interest, you may have to pick from a few quick tips to get it in the best shape you can. Have a little more time? You can make a real impact in improving the curb appeal so potential buyers will drive up and want to see more.

Everything just looks a little shabby

It may be time to bite the bullet and repaint the house, or, at least, address some peeling trim. If your windows, walkways, and ornamental details are looking drab, a power washer can help transform the area easily and inexpensively. This is a relatively easy DIY task and the rental will only cost you about $40 a day from Home Depot.

Your open house is today and your yard is looking pretty boring

You may not have time to do any new plantings, but that doesn't mean you can't make the yard look tidy and pretty. Fresh flowers in pots placed near your front door will bring the eye up from the street to your entry and give the impression that your home (and your yard) is well cared for. Add a new welcome mat to finish the look.

Your front door is janky

If you're looking at making a few smart updates before listing your home, don't ignore your front door. A new door can return between 75–100 percent of your investment, and it's a relatively low-cost project," said Houselogic, with a "national median cost of around $2,000 installed."

You have a last-minute showing and the landscaper hasn't done his thing in the yard yet

Get in the car, drive to Lowe's, and pack up the trunk with mulch. It's one of the easiest ways to transform your yard and make it look fresh and neat. Lawn and bushes a little overgrown? Nextdoor is a great resource for finding last-minute landscape help or, in a pinch, a neighborhood kid with some developing gardening skills and a need for pocket cash.

Leaves. Everywhere

Get out the hose and spray those suckers away from sidewalks and walkways. Even if the hardscape is wet when the prospective buyers arrive, the area will look nice and clean. Now corral everyone in the house for some fire drill leave-bagging fun. An abundance of leaves in the yard can be a turnoff to those looking to buy as it may make them think the home is unkempt or that the yard is hard to take care of.

Your mailbox is…wow. How did you never notice that?

If it's old, worn, rusty, or has just seen better days, buyers will notice. This seemingly little thing can make them question the quality of your home. Thankfully, it's an easy fix that you can do yourself for almost no money. "It doesn't matter if you have a regular mailbox by the road or if you have a box mounted to your house, adding a new mailbox can add curb appeal. You can find a new mailbox starting around $20," said DIY Network. "When you install your mailbox, make sure that you are following the regulations that are set forth in the city that you live in. If you have a simple mailbox mounted on your house, this home improvement project should take less than an hour to complete. If you have a full-size mailbox at the road, plan for at least two hours or so to complete the project." 

5 Steps For An Easy And ImpactfulKitchen Makeover

5 Steps For An Easy And Impactful Kitchen Makeover

Renovating a kitchen can be a huge expense, and a huge hassle, but you can get a brand-new feel at a fraction of the average cost. That means forgoing major structural, plumbing, or electrical changes and concentrating on fixtures, finishes, and fanciful details.

Counters

If you just don't have the money for quartz but you want a sleeker look, The Spruce.com has several ideas for covering over your existing countertops with everything from paint to paper. We love the concrete look that was achieved for just $200 by pouring Level Quick Concrete right over tile counters!

Cabinets

One word: Paint. A dingy, dark, or outdated kitchen can be transformed with this one task. You can read a thousand different articles that discuss DIY versus hiring a pro, but all you really need to ask yourself is this: Are you up for the challenge?

The truth is, painting your kitchen cabinets is tedious and will test your patience. You will want to give up - more than once - and you will question your sanity a few times, too. But if you can get through it while maintaining a good technique and resisting the urge to cut corners, you'll have cabinets that will make you proud every day you live in the home, and that will also add value. If you do choose to hire someone to do the painting (and we can't say we blame you), be prepared to pay a premium. You can always find a deal, but when it comes something as important as kitchen cabinets, you want to make sure you get someone who really knows what they're doing.

Lighting

Does your kitchen lighting fade into the background or stand out for all the wrong reasons? That's easy to fix. A new chandelier over your kitchen table will freshen up the whole space. Add pendants over your island or sink to bring in a modern touch that will also add function.

Hardware

Cabinet hardware is highly underrated and requires only a small dollar commitment to make a big impact. Gold tones have made their way back into style and kitchen cabinet hardware is a great way to express this trend because when you tire of it, you can just unscrew and replace! If you're worried about the gold or brass hardware clashing with your silver-tone faucet and stainless steel appliances, don't be. Mixed metals are all the rage now.

Flooring

The good thing about kitchen flooring is that, even if you don't have the money to redo it, you can just cover it with a decorative rug. But, if you are looking to use a little sweat equity to create a floor you can more than stand to look at the painted stencil technique. "In order to avoid the hassle of ripping out existing floor and the high cost of real tiles, you CAN achieve a similar look by painting your tile floors that only LOOK expensive," said Royal Design Studio Stencils. For a couple hundred dollars, you can get the look of a pricey Moroccan tiled floor and create a showstopper instead of an eyesore. 

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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