Tuesday, March 7, 2017

Market Stats for Tracy and Mountain House

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  BedsBaths     Sq Ft List Sell   DOM
2643 Remington 43 (2 1)2927565000564000120 
2925 AlfalfaCt53 (3 0)255740000041200082 
2594 LotusWay43 (3 0)323557990058614367 
745 CambridgeCt3 (4)3 (2 1)1934429999430000126 
535WCarltonWay32 (2 0)167235490032600092 
1961 Oregano Way 4 (5)3 (3 0)2559497999498000124 
2451 AmatchiDr54 (3 1)3767615000610000106 
495 PescaderoAve43 (2 1)181736900036000074 
3952 SummitDr43 (3 0)297655990054990040 
3953 SummitDr43 (3 0)260753990053990068 
4140 ComstockPl45 (4 1)356563990061500090 
824 BogettiLn33 (2 1)137239000037500036 
2179 Frank Blondin 53 (3 0)302152500051000089 
749 New HavenDr44 (3 1)330853990054000055 
1848 PonderosaDr32 (2 0)229955190054000081 
1540 BayberryLn54 (4 0)302353900052300060 
4865 DandelionLoop53 (3 0)272048995048000084 
11401 Mountain ViewRd43 (3 0)25066250006250009 
631 Ben IngramCt44 (4 0)252750499050499039 
1036 LourenceDr33 (2 1)154740995040995027 
1115 ConstitutionWay53 (2 1)239269200066490047 
4465 TROPAZLn32 (2 0)14163890003950007 
1205 MaeAve42 (2 0)257038900038900016 
1882 PlacidDr43 (2 1)264345999945000030 
105E20thSt31 (1 0)108531990032500019 
2808 HollyDr21 (1 0)67720000018500020 
100 PortolaWay33 (2 1)15481970002250005 
597NHickoryAve32 (2 0)11202990003125009 
3472 Eagle RockLoop32 (2 0)15994180004180007 
951 BelleCt43 (2 1)17784200004200009 
327E22ndSt3 (4)2 (2 0)121729000030000014 
2835 HawkinsCt53 (2 1)23904499504600007 
805 ApplegateCt33 (2 1)15333390003440007 
941 WindsongDr4 (5)3 (3 0)26044699004660006 
700 PotsgrovePl3 (4)3 (2 1)193443490045600010 
984 GotlandCt3 (4)3 (2 1)17264350004350000 
2962 CandidoCt32 (2 0)13953690003600008 
804 Mabel JosephineDr42 (2 0)18783990004399506 
591 SequoiaBlvd32 (2 0)11683350003450003 
850 TarroganaDr32 (2 0)15743650003850004 
2162 CabanaLn43 (2 1)23964200004260001 
238W21stSt32 (2 0)104727500027500012 
1403 WhittinghamDr32 (2 0)155445000045500010 
2435 LincolnBlvd43 (3 0)22354599004599004 
1040 WinterCt32 (2 0)13343690003900006 
125 Loma Prieta Cirlce 3 (4)3 (2 1)20453990004100004 
1655 JasmineCt32 (2 0)13483650003700001 
1685 Meadow LarkLn53 (3 0)259845500045000020 
4653 Morning BrookLn43 (3 0)260338800043000016 
3413 Eagle RockLoop43 (2 1)211348888845000067 
1213 MontgomeryLn53 (2 1)213041900043000018 
2534 Remy JavierCt43 (3 0)287851999551000025 
185 HawthorneDr32 (2 0)119129900031500010