Wednesday, February 8, 2017

Local Market Trends for Tracy and Mountain House

Stats for January Tracy & Mt. House

The following information is from the local MLS database, as of February  7, 2017 and is compared to (January 1, 2017).   Prices are staying steady this month and appear to be coming up some! The amount of listings are slowing way down as well. But 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 1.8 months supply of inventory.  A healthy market has 6 months supply. Prices are increasing as a result of this but appraisals are not keeping up. Be very careful if you or your buyer removes their appraisal contingency.  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.   Interest rates are fluctuating up and down with 30 yr fixed at 4.35% and FHA/VA at 3.75%. 15 yr is 3.375. Still the lowest rates! NEW for 2017---FHA loan limits have risen in San Joaquin County to $362,250! 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. The largest one is the Ellis Community.  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 1.8 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: 99 (98)
# of REO (foreclosures): 0 (1)
# of Short Sales: 1 (6)
Average # of days on market: 33 (53)
#New Construction:  15
The median price of all homes for sale in Tracy: $495,000 ($512,475)
PENDING STATUS
Number of properties currently under agreement: 103 (90)
# of REO: 2 (1)
# of Pending Short Lender Approval: 10 (8)
# of New Construction:  13
Median pending price: $432,000 ($422,500)

SOLD STATUS
Residential property sold over previous 30 days: 51 homes (101)
REO's sold in the last month: 0 (3)
Short sales sold in the last month: 2 (2)
Median sale price: $415,000 ($415,000)
# of New Construction:  2
Median # of days on the market:  19 (18)

 
Mountain House, CA

ACTIVE STATUS

Total # of residential properties for sale in the city of Mountain House: 18 (16)
# of REO (foreclosures): 0 (0)
# of Short Sales: 0 (0)
# of New Construction: 0 (2)
Average # of days on market: 9 (51)
The median price of all homes for sale in Mountain House: $559,900 ($589,200)

PENDING STATUS

Number of properties currently under agreement: 27 (35)
# of REO: 0 (0)
# of Pending Short Lender Approval: 1 (0)
# New Construction: 7
Median pending price: $559,900 ($529,000)

SOLD STATUS

Residential property sold over previous 30 days: 16 homes (18 homes)
REO's sold in the last month: 0 (1)
Short sales sold in the last month: 0 (0)
New Construction sold: 0
Median sale price: $489,000 ($515,000)
Median # of days on the Market: 14  (21)
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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  BedsBathsSq Ft   List    Sell   DOM 
1928 PonderosaDr32 (2 0)229954990054990064 
27509WEtcheverryCt5 (6)5 (4 1)575514490001390000133 
2440 AlziraCt43 (3 0)2304450000440000109 
1815 FoxtailWay32 (2 0)162837990037800086 
221EBeverlyPl3 (4)2 (2 0)257841500040750055 
3 A St 21 (1 0)672220000225000106 
1150 VallerandRd31 (1 0)1043320000320000111 
56W8thSt32 (2 0)192444500044500068 
689 New HavenDr43 (3 0)291056990057000041 
1443 Ray HarveyDr33 (2 1)144137495036750046 
1200 TraditionsSt33 (2 1)172633500030200054 
2840 HighgateLn43 (2 1)170539500039000091 
3413 Eagle RockLoop43 (2 1)211348888845000067 
4286 FamosoLn33 (2 1)18123999004150008 
1857 BayonneCt4 (5)3 (2 1)353956395056500052 
31WEatonAve32 (2 0)130029990029500045 
3567 Mary JeanLn43 (2 1)181736000035000019 
1753 WoodlandLn54 (3 1)300949990050000040 
240 TassajeraCt33 (2 1)179442500042000024 
438W23rdSt32 (2 0)13903549003550008 
4561 GlenhavenDr43 (3 0)244747450045500047 
851 SequoiaBlvd32 (2 0)13622990003020008 
3152 ZacharyCt5 (6)3 (3 0)327951900051000055 
2167 BabcockLn43 (2 1)281446500045500028 
530 FiestaCt42 (2 0)235759900062000019 
2217 SudburyCt23 (2 1)108027000026500060 
1266 ShadyCt44 (3 1)316869900069900015 
10801WCloverRd21 (1 0)76822500020500057 
481 WagtailDr43 (2 1)17904090004010008 
4288 RoxburyDr43 (3 0)245146988845500022 
49EFerdinandSt43 (2 1)17263999004100004 
39WCarltonWay21 (1 0)98028000026000017 
385 CoveyLn54 (3 1)340947900044680022 
550WWhittierAve42 (2 0)138929995030000025 
1527 ParksideCt43 (2 1)181742000043000010 
390 JaegerSt43 (3 0)185942500042500013 
1411 MapleCt43 (3 0)17163890003890003 
1401 BiarritzSt55 (4 1)365364500065500012 
400 GonzalezSt33 (2 1)14463799003900005 
707 LourenceCt3 (4)2 (2 0)15883950004150007 
45W9thSt33 (3 0)13822990002850005 
3979 LeslieCt42 (2 0)203244200044500010 
4465 TROPAZLn32 (2 0)14163890003950007 
1315 Dolores Ln 43 (2 1)189241000041800015 
1676 PanoramaCt43 (3 0)20714880004995005 
210 Thomas DehavenLn42 (2 0)16393500003780009 
863 Willow ParkLn43 (2 1)18924150004150003 
100 PortolaWay33 (2 1)15481970002250005 
2543 MerchantDr53 (2 1)29195100005250005 
470 KriderCt3 (4)2 (2 0)12143550003750008 
949 PalmCir43 (1 2)12302200002400007