Market Trends for February
The following information is from the local MLS database, as of March 1, 2017 and is compared to (February 1, 2017). Prices are climbing again this month due to the lack of inventory! The amount of listings coming on 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 4.25% and FHA/VA at 3.75-4.0%. 15 yr is 3.375. 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. 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: 92 (99)
# of REO (foreclosures): 2 (0)
# of Short Sales: 2 (1)
Average # of days on market: 27 (33)
#New Construction: 16
The median price of all homes for sale in Tracy: $504,000 ($495,000)
PENDING STATUS
Number of properties currently under agreement: 119 (103)
# of REO: 2 (2)
# of Pending Short Lender Approval: 16 (10)
# of New Construction: 13
Median pending price: $428,000 ($432,000)
SOLD STATUS
Residential property sold over previous 30 days: 53 homes (51)
REO's sold in the last month: 1 (0)
Short sales sold in the last month: 2 (2)
Median sale price: $430,000 ($415,000)
# of New Construction: 5
Median # of days on the market: 18 (19)
Mountain House, CA
ACTIVE STATUS
Total # of residential properties for sale in the city of Mountain House: 18 (18)
# of REO (foreclosures): 0 (0)
# of Short Sales: 1 (0)
# of New Construction: 0 (0)
Average # of days on market: 11 (9)
The median price of all homes for sale in Mountain House: $610,000 ($559,900)
PENDING STATUS
Number of properties currently under agreement: 36 (27)
# of REO: 0 (0)
# of Pending Short Lender Approval: 1 (1)
# New Construction: 5
Median pending price: $572,400 ($559,900)
SOLD STATUS
Residential property sold over previous 30 days: 6 homes (16 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: $492,750 ($489,000)
Median # of days on the Market: 6 (14)
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HOMES SOLD IN TRACY IN FEBRUARY
Take a look at this chart to see the SOLDS in Tracy for February. Call us for a free Market Analysis on your home! 209-833-7777.
| Address | Beds | Baths | Sq Ft | List | Sell | DOM | ||||
| 2643 | Remington | 4 | 3 (2 1) | 2927 | 565000 | 564000 | 120 | |||
| 2925 | Alfalfa | Ct | 5 | 3 (3 0) | 2557 | 400000 | 412000 | 82 | ||
| 2594 | Lotus | Way | 4 | 3 (3 0) | 3235 | 579900 | 586143 | 67 | ||
| 745 | Cambridge | Ct | 3 (4) | 3 (2 1) | 1934 | 429999 | 430000 | 126 | ||
| 535 | W | Carlton | Way | 3 | 2 (2 0) | 1672 | 354900 | 326000 | 92 | |
| 1961 | Oregano Way | 4 (5) | 3 (3 0) | 2559 | 497999 | 498000 | 124 | |||
| 2451 | Amatchi | Dr | 5 | 4 (3 1) | 3767 | 615000 | 610000 | 106 | ||
| 495 | Pescadero | Ave | 4 | 3 (2 1) | 1817 | 369000 | 360000 | 74 | ||
| 3952 | Summit | Dr | 4 | 3 (3 0) | 2976 | 559900 | 549900 | 40 | ||
| 3953 | Summit | Dr | 4 | 3 (3 0) | 2607 | 539900 | 539900 | 68 | ||
| 4140 | Comstock | Pl | 4 | 5 (4 1) | 3565 | 639900 | 615000 | 90 | ||
| 824 | Bogetti | Ln | 3 | 3 (2 1) | 1372 | 390000 | 375000 | 36 | ||
| 2179 | Frank Blondin | 5 | 3 (3 0) | 3021 | 525000 | 510000 | 89 | |||
| 749 | New Haven | Dr | 4 | 4 (3 1) | 3308 | 539900 | 540000 | 55 | ||
| 1848 | Ponderosa | Dr | 3 | 2 (2 0) | 2299 | 551900 | 540000 | 81 | ||
| 1540 | Bayberry | Ln | 5 | 4 (4 0) | 3023 | 539000 | 523000 | 60 | ||
| 4865 | Dandelion | Loop | 5 | 3 (3 0) | 2720 | 489950 | 480000 | 84 | ||
| 11401 | Mountain View | Rd | 4 | 3 (3 0) | 2506 | 625000 | 625000 | 9 | ||
| 631 | Ben Ingram | Ct | 4 | 4 (4 0) | 2527 | 504990 | 504990 | 39 | ||
| 1036 | Lourence | Dr | 3 | 3 (2 1) | 1547 | 409950 | 409950 | 27 | ||
| 1115 | Constitution | Way | 5 | 3 (2 1) | 2392 | 692000 | 664900 | 47 | ||
| 4465 | TROPAZ | Ln | 3 | 2 (2 0) | 1416 | 389000 | 395000 | 7 | ||
| 1205 | Mae | Ave | 4 | 2 (2 0) | 2570 | 389000 | 389000 | 16 | ||
| 1882 | Placid | Dr | 4 | 3 (2 1) | 2643 | 459999 | 450000 | 30 | ||
| 105 | E | 20th | St | 3 | 1 (1 0) | 1085 | 319900 | 325000 | 19 | |
| 2808 | Holly | Dr | 2 | 1 (1 0) | 677 | 200000 | 185000 | 20 | ||
| 100 | Portola | Way | 3 | 3 (2 1) | 1548 | 197000 | 225000 | 5 | ||
| 597 | N | Hickory | Ave | 3 | 2 (2 0) | 1120 | 299000 | 312500 | 9 | |
| 3472 | Eagle Rock | Loop | 3 | 2 (2 0) | 1599 | 418000 | 418000 | 7 | ||
| 951 | Belle | Ct | 4 | 3 (2 1) | 1778 | 420000 | 420000 | 9 | ||
| 327 | E | 22nd | St | 3 (4) | 2 (2 0) | 1217 | 290000 | 300000 | 14 | |
| 2835 | Hawkins | Ct | 5 | 3 (2 1) | 2390 | 449950 | 460000 | 7 | ||
| 805 | Applegate | Ct | 3 | 3 (2 1) | 1533 | 339000 | 344000 | 7 | ||
| 941 | Windsong | Dr | 4 (5) | 3 (3 0) | 2604 | 469900 | 466000 | 6 | ||
| 700 | Potsgrove | Pl | 3 (4) | 3 (2 1) | 1934 | 434900 | 456000 | 10 | ||
| 984 | Gotland | Ct | 3 (4) | 3 (2 1) | 1726 | 435000 | 435000 | 0 | ||
| 2962 | Candido | Ct | 3 | 2 (2 0) | 1395 | 369000 | 360000 | 8 | ||
| 804 | Mabel Josephine | Dr | 4 | 2 (2 0) | 1878 | 399000 | 439950 | 6 | ||
| 591 | Sequoia | Blvd | 3 | 2 (2 0) | 1168 | 335000 | 345000 | 3 | ||
| 850 | Tarrogana | Dr | 3 | 2 (2 0) | 1574 | 365000 | 385000 | 4 | ||
| 2162 | Cabana | Ln | 4 | 3 (2 1) | 2396 | 420000 | 426000 | 1 | ||
| 238 | W | 21st | St | 3 | 2 (2 0) | 1047 | 275000 | 275000 | 12 | |
| 1403 | Whittingham | Dr | 3 | 2 (2 0) | 1554 | 450000 | 455000 | 10 | ||
| 2435 | Lincoln | Blvd | 4 | 3 (3 0) | 2235 | 459900 | 459900 | 4 | ||
| 1040 | Winter | Ct | 3 | 2 (2 0) | 1334 | 369000 | 390000 | 6 | ||
| 125 | Loma Prieta Cirlce | 3 (4) | 3 (2 1) | 2045 | 399000 | 410000 | 4 | |||
| 1655 | Jasmine | Ct | 3 | 2 (2 0) | 1348 | 365000 | 370000 | 1 | ||
| 1685 | Meadow Lark | Ln | 5 | 3 (3 0) | 2598 | 455000 | 450000 | 20 | ||
| 4653 | Morning Brook | Ln | 4 | 3 (3 0) | 2603 | 388000 | 430000 | 16 | ||
| 3413 | Eagle Rock | Loop | 4 | 3 (2 1) | 2113 | 488888 | 450000 | 67 | ||
| 1213 | Montgomery | Ln | 5 | 3 (2 1) | 2130 | 419000 | 430000 | 18 | ||
| 2534 | Remy Javier | Ct | 4 | 3 (3 0) | 2878 | 519995 | 510000 | 25 | ||
| 185 | Hawthorne | Dr | 3 | 2 (2 0) | 1191 | 299000 | 315000 | 10 | ||
