Benefits of MLS Listing When Selling a Home

What is MLS?

The MLS (Multiple Listing Service) is a private database of homes listed by real estate brokers who share their listings with one another to attract buyers. In the late 1800s, brokers would often meet and share information about properties they were trying to sell. They would agree to compensate other brokers if they sold those properties and thusly, the MLS was born on a fundamental level. In today’s digital age, we are inundated with so much information it is easy for sellers’ properties to get lost in the shuffle and real estate brokers need to keep up with modern technology. A simple “For Sale By Owner” sign does not cut it these days. More than half of recent buyers used MLS Web sites in their search, according to the 2012 NAR Profile of Home Buyers and Sellers. MLS listings allow agents to sell your home by bringing more buyers to you, increasing the odds of selling quicker and at a more cost-effective price.

How does MLS work?

A real estate agent will put details of a home on an MLS site that fellow MLS-licensed agents can access. They will list the specs of the home such as square footage, public transportation access, school district, etc. Several MLS sites will also list mortgage price, utility prices, and real estate tax. Buyers can see this information and agents are also able to contact prospective buyers when a home meets their criteria.

Advantages

1.)   The biggest advantage of using the MLS is your home is put on the OPEN Market.  Only home buyers can determine what market value is. By the listing agent putting the listing on the MLS it gets exposed to the full market (home buyers and MLS agents) so you know that the MARKET has seen your home.  The home seller  can be sure whatever offer is accepted it is the MARKET VALUE. Some sellers who for 1 reason or another does not want their home on the MLS might receive an offer

 under MARKET VALUE because of not being exposed to the Open Market through the MLS and they may receive less for their property.

2.)  Selling Faster – Since MLS listings are used by several brokers, sellers are exposed to a wider range of buyers. The agent's job is to make sure all potential buyers in the market are exposed to the sellers’ newly listed property and make sure they are contacting buyers who are potentially interested. Instead of using a single agent, you now have 10s maybe even 100s of agents who have access to your listing depending on the size of your community. Agents also work diligently with newly listed property as they are often listed at the top of listing pages and generate the most interest.

Using MLS will ensure that your home is marketed efficiently and make you thousands of dollars. Don’t rely on the luck of a “For Sale by Owner” sign and let the listings and the database of agents do the work for you.

Affordability Squeeze in Housing

This chart  really rings true in our area.

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Market Trends for Tracy and Mountain House.

The following information is from the local MLS database, as of Sept. 2, 2015 and is compared to(August 1, 2015). The active listings are increasing daily.  However the pending sales are slowing down as school has started.  Buyers are still eager to buy and they have more choices than in the past. And prices are staying steady for now.   Interest rates are staying the same with 30 yr fixed at 4.35% and FHA/VA at 3.75%. 15 yr is 3.75. Still the lowest rates!　New home construction projects are popping up more in the area and even though the prices are a little higher, there are still good deals out there in the new communities.  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. There will be more homes coming on the market  and the buyers that are looking 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! Or go to our new service for instant valuation of your home on the internet at www.tracyhomevalue.com.  or  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: 202 (175)

# of REO (foreclosures): 9 (2)

# of Short Sales: 9 (8)

Average # of days on market: 31 (27)

#New Construction:  14

The median price of all homes for sale in Tracy: $429,894 ($424,950)

PENDING STATUS

Number of properties currently under agreement: 154 (157)

# of REO: 4 (7)

# of Pending Short Lender Approval: 11 (17)

Median pending price: $397,000 ($391,000)

SOLD STATUS

Residential property sold over previous 30 days: 87 homes (100)

REO's sold in the last month: 4 (1)

Short sales sold in the last month: 1 (6)

Median sale price: $410,000 ($375,500)

Median # of days on the market:  14 (14)

　

Mountain House, CA

ACTIVE STATUS

Total # of residential properties for sale in the city of Mountain House: 45 (37)

# of REO (foreclosures): 0 (0)

# of Short Sales: 1 (2)

# of New Construction:6 (1)

Average # of days on market: 24 (25)

The median price of all homes for sale in Mountain House: $549,405 ($499,900)

PENDING STATUS

Number of properties currently under agreement: 35 (33)

# of REO: 0 (0)

# of Pending Short Lender Approval: 2 (1)

# New Construction: 3

Median pending price: $519,900 ($530,000)

SOLD STATUS

Residential property sold over previous 30 days: 14 homes (23 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: $522,500 ($499,000)

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

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HOMES SOLD IN TRACY IN AUGUST

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

		Address		Beds	Baths	Sq Ft	List	Sell	DOM
32932	S	MacArthur	Dr	3	2 (2 0)	1794	529000	525000	203
1384		Yorkshire	Loop	4	3 (3 0)	2300	429900	430000	92
661	W	Mount Diablo	Ave	3	2 (2 0)	1650	309995	315000	14
1511		Cuneo	Ct	3	2 (2 0)	1661	362000	358000	47
76	W	1st	St	3	2 (2 0)	987	209900	225000	43
2237		Isabel Virginia	Dr	4	3 (3 0)	2095	434998	430000	105
730		Weeping Willow	Ln	4	3 (2 1)	1892	368000	353000	66
3871		kelly mist	Ln	4	3 (3 0)	2447	430000	430200	52
928		Roosevelt	Ave	3	1 (1 0)	1312	218500	181000	94
1377		Peppertree	Way	4	3 (2 1)	1689	358500	346000	57
4353		Reids	Way	5	3 (3 0)	2670	400000	380000	6
2816		Daisy	Ln	4	4 (3 1)	3485	645000	635000	79
1581		Spring	Ct	3 (4)	3 (2 1)	1630	365500	350000	48
2444		Ontario	Dr	3	3 (2 1)	1705	374000	384000	64
3021		Balboa	Dr	3	2 (2 0)	1246	290000	290000	27
1817		Newport	Ct	3	2 (2 0)	1560	320000	331000	6
1336		Gentry	Ln	5	3 (2 1)	2130	390000	380000	65
105		machado	Ct	3	3 (2 1)	1812	375000	375000	46
2350		Galway	Ct	5	4 (4 0)	3339	569000	569000	56
2983		Remington	Way	5	3 (3 0)	2748	565000	565000	44
1180		Brighton drive		4	3 (2 1)	1830	379950	385000	43
27240		Hansen	Rd	3 (4)	2 (2 0)	1990	399900	424771	16
822		Willow Park	Ln	4	3 (2 1)	2147	379900	385000	24
34757		Brichetto	Ct	3	2 (2 0)	2063	595000	595000	6
1408		Locust	Dr	4	3 (2 1)	1716	359900	365000	23
1262		Citadelle	St	5	3 (3 0)	3208	539000	545000	26
2640		Shofield	Ct	4	3 (2 1)	2498	439900	435000	45
1495		Mae	Ave	3	2 (2 0)	1315	289000	320000	4
1654		Gloria	Cir	4	3 (3 0)	2158	415000	410000	35
230		Thomas Dehaven	Ln	4	2 (2 0)	1639	369000	369000	33
2800		Butler	Ct	4	3 (2 1)	1598	339950	347000	7
241		Ali	Ct	5	3 (3 0)	2327	429998	425000	15
1386		Gwerder	Ct	4	3 (3 0)	2443	429000	422000	25
2245		Valencia	Ct	4	3 (3 0)	2755	495000	480000	7
261		De Bord	Dr	4	3 (3 0)	2316	459500	445000	32
223		Portola Way		3	2 (2 0)	1047	279900	286000	18
378	E	21st	St	4	2 (2 0)	1197	309950	309950	28
793		Longfellow		4	3 (3 0)	2651	465000	460000	24
505		Fisher	Way	5	3 (3 0)	3107	499850	495000	22
4634		Monarch	Ln	4	3 (2 1)	2126	449900	465000	11
860	W	Mount Diablo	Ave	3	2 (2 0)	1159	330000	350000	12
1645		Tahoe	Cir	2 (3)	2 (2 0)	1758	379900	379900	10
2612		Cabrillo	Dr	3	2 (2 0)	1629	299950	300000	13
1211		Tennis	Ln	4	3 (2 1)	2026	415000	419000	6
2185		Elsie	Way	4	5 (4 1)	4013	675000	675000	16
1035		Wood Thrush	Ln	4 (5)	3 (3 0)	2598	434000	425000	36
2325		Alamo	Ct	3	3 (2 1)	2437	424950	420000	36
1233		Windham	Ct	4	3 (3 0)	2038	430000	424750	11
811		Potsgrove		3	3 (2 1)	1941	363700	339150	27
60	W	South	St	3	3 (2 1)	1568	310000	320000	16
2176		Clear Lake	Ct	4	4 (3 1)	3054	699000	699000	7
1891		Placid	Dr	4	3 (3 0)	2033	412500	411000	9
4075		Wheat	Ln	4 (5)	3 (3 0)	2689	440000	440000	5
1450		Renown	Dr	3	3 (2 1)	1902	375000	370000	31
2425		Abbott	Ct	4	3 (2 1)	2120	419989	420000	36
2905		Raindrop	Ct	3	2 (2 0)	1718	375000	385000	10
2626		Ozark	Dr	5	3 (3 0)	2384	424900	430000	7
485		Gianelli	St	4	3 (3 0)	2308	375000	383000	14
735	W	Beverly	Pl	3	2 (2 0)	1268	325000	325000	16
2343		Del Mar	Ct	3 (4)	3 (2 1)	2467	465000	465000	5
161		Eureka	Way	5	3 (2 1)	2207	334000	334000	12
313		Quail Run	Cir	4 (5)	3 (3 0)	2550	485000	485000	11
1801		Golden Leaf	Ln	4	3 (3 0)	2451	429950	435000	5
2495		Bennett	Way	5 (6)	3 (3 0)	3270	489888	489888	18
1500		Joseph Menusa	Ln	4	3 (3 0)	2211	424890	427000	6
207		Barcelona	Dr	4	3 (2 1)	3349	489900	490000	18
2401		Martin Anthony		4	3 (2 1)	2172	395000	415000	18
1675		Sandy	Ct	4	3 (3 0)	2420	425000	461000	6
4265		Oakridge	Dr	4 (5)	3 (3 0)	2977	495000	495000	24
2482		Colby	Ct	4	3 (3 0)	2420	434950	440000	10
1970		Tahoe	Cir	3	3 (2 1)	1733	364990	360000	10
441	E	Mount Diablo	Ave	3	3 (2 1)	1348	338000	338000	12
1832		Lincoln	Blvd	4	2 (2 0)	2004	365000	344750	20
4473		Morning Brook	Ln	4	3 (2 1)	2400	413000	435000	9
2105		Alfred George	Ct	4 (5)	3 (3 0)	2247	449888	450000	17
1451		Pecan	Ln	4	2 (2 0)	2025	399500	399500	6
1176		Solomon	Ct	3	2 (2 0)	1434	355000	355000	2
1942		Golden Leaf	Ln	3	2 (2 0)	1592	354000	360000	8
1105		Tarrogana	Dr	3	2 (2 0)	1167	315000	315500	5
797		Yellowstone	Ct	5	3 (2 1)	2888	475000	470000	11
3363		Eagle Rock	Loop	4	3 (2 1)	2113	439000	450000	7
220	W	Whittier	Ave	3	2 (2 0)	1590	244995	214000	21
2809		Hawkins	Ln	3	3 (2 1)	1815	369900	370000	6
3384		Cloudview	Ct	4 (5)	3 (3 0)	3133	555000	565000	7
1380		Parkside	Dr	4	3 (2 1)	1945	385000	420000	6
1528		Michael	Dr	4	2 (2 0)	2226	408888	410000	7
2798		Hawkins	Ln	3 (5)	3 (2 1)	2142	430000	435000	6
1525		Madison	Ave	3	2 (2 0)	1781	289000	275000	9
2101		Tennis	Ln	4	3 (3 0)	2718	460000	475000	10
410		Edgewood	Ln	4	3 (3 0)	2135	379995	390500	7
2713		Remington	Way	2	2 (2 0)	1235	370000	370000	5
3265		Antonio	Loop	4	2 (2 0)	2226	425000	410000	8
125	E	Whittier	Ave	3	1 (1 0)	941	274950	280000	5