Friday, September 1, 2017

Local Market Trends

Market Stats for Tracy and Mountain House

The following information is from the local MLS database, as of September 1, 2017 and is compared to (Aug. 1, 2017).   Prices are climbing again this month and more inventory is coming on the market! The amount of listings coming on are replacing the homes coming off but still only 133 homes for sale in Tracy. 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 1.2 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. Most smart buyers put in an offer with NO appraisal contingency.   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 with 11 models to choose from.  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 1.2 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: 133 (124)
# of REO (foreclosures): 2 (1)
# of Short Sales: 1 (1)
Average # of days on market: 28 (24)
#New Construction:  18
The median price of all homes for sale in Tracy: $529,000 ($509,000)
PENDING STATUS
Number of properties currently under agreement: 129 (121)
# of REO: 0 (1)
# of Pending Short Lender Approval: 5 (3)
# of New Construction:  5
Median pending price: $435,000 ($455,000)

SOLD STATUS
Residential property sold over previous 30 days: 95 homes (99)
REO's sold in the last month: 0 (1)
Short sales sold in the last month: 0 (1)
Median sale price: $465,000 ($440,000)
# of New Construction:  6
Median # of days on the market:  11 (9)

 
Mountain House, CA

ACTIVE STATUS

Total # of residential properties for sale in the city of Mountain House: 20 (25)
# of REO (foreclosures): 1 (0)
# of Short Sales: 0 (0)
# of New Construction: 3 (3)
Average # of days on market: 25 (15)
The median price of all homes for sale in Mountain House: $625,000 ($609,000)

PENDING STATUS

Number of properties currently under agreement: 28 (29)
# of REO: 0 (0)
# of Pending Short Lender Approval: 0 (0)
# New Construction: 4
Median pending price: $567,450 ($599,000)

SOLD STATUS

Residential property sold over previous 30 days: 28 homes (18 homes)
REO's sold in the last month: 0 (0)
Short sales sold in the last month: 0 (0)
New Construction sold: 1
Median sale price: $590,000 ($564,000)
Median # of days on the Market: 10  (7)
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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 BathsSq Ft  List   SellDOM 
2326 MemoryLn4 (5) 3 (3 0)3128605900595000162 
2306 MemoryLn4 3 (3 0)3005565900555900293 
3983 SummitDr4 3 (3 0)3096578900567000140 
766 LourenceCt3 2 (2 0)123236900037000095 
22080SCorral HollowRd4 2 (2 0)1872499000490000101 
3064 RedbridgeRd3 3 (2 1)354676500076500073 
2070 MoniqueSt5 3 (3 0)347158999958999960 
2283 GaryLn5 3 (3 0)241849999951500091 
725 IndependenceDr3 3 (2 1)259554995055000024 
4056 LongAve4 3 (3 0)2607552000534000108 
2557 GreystoneDr4 (5) 4 (3 1)388264995064000044 
2446 MiaWay4 3 (3 0)290760390058500062 
1550 ParkerAve3 2 (2 0)171239995039500052 
8924 PalmquistRd3 1 (1 0)103834500034500014 
563 Castle HavenDr4 3 (2 1)222649995049995041 
310EHawthorneDr3 2 (2 0)116632800033500033 
1723 EgretDr5 3 (3 0)250849900050000021 
2930 AtlantaCt4 3 (2 1)210749500046000051 
860 MenayDr4 3 (2 1)22724550004550009 
35 LavenderCt4 3 (2 1)172643000043000036 
2285 AragonCt4 (5) 3 (2 1)294952500053000038 
2347 BabcockLn5 3 (2 1)299452500052500049 
222EEmersonAve3 1 (1 0)98833900034990020 
2440 Garrett 5 3 (3 0)273851995052000034 
221ELowellAve3 2 (2 0)155737500036500031 
2236 MelissaWay4 5 (4 1)356564990063990041 
2682 PyramidDr3 3 (2 1)170545000046500012 
4549 English OaksAve5 3 (3 0)33195250005350007 
269WEmersonAve3 2 (2 0)194742500041750027 
2605 Remy JavierCt5 3 (3 0)334059900058000031 
2155 HolderLn4 3 (2 1)242847500046800029 
462 MontclairLn3 2 (2 0)166043000043500021 
1232 CochranDr4 3 (2 1)204546988846488828 
525 GlenbriarCir5 3 (3 0)31335950006000005 
2347 Golden LeafLn3 2 (2 0)16044200004270006 
115 CountryCt5 3 (3 0)214445988846000014 
1815 Harvest LandingLn3 3 (2 1)19024450004600007 
151 RenownDr3 3 (2 1)176841000044000013 
882 SummerLn4 3 (2 1)228547000047500012 
1294 CardinalSt3 (4) 3 (3 0)24844890004990008 
110EFerdinandSt4 3 (2 1)20574499004550006 
2598 BlackstoneDr4 3 (3 0)21994850004980006 
808 IberisWay5 3 (3 0)277254000053000019 
3344 ErnestDr4 3 (3 0)19844149004240007 
1125 BogartCt4 3 (3 0)229449900050800015 
2417 GreystoneDr5 3 (3 0)30635400005400004 
1259 Mamie AndersonLn4 3 (3 0)33245690005650006 
399 BurlingtonDr4 (5) 3 (3 0)238947480048550012 
2873 Clover HillCt4 2 (2 0)23004990004990006 
223 PortolaWay3 2 (2 0)10473590003600006 
2862 MeredithCt4 3 (3 0)23344990005250007 
1412 MapleCt3 2 (2 0)10403499003650006 
2250 Valencia Ct. 4 3 (3 0)260851900051500026 
360 RodeoWay3 2 (2 0)165041988840900010 
2060 JenniLn4 (5) 3 (2 1)28115280005280001 
2046 Isabel VirginiaDr3 (4) 3 (2 1)17394550004850009 
470 AltamontDr5 3 (3 0)237547950047750013 
115 VictoriaSt3 3 (2 1)181246500046200011 
519W12thSt2 1 (1 0)8933225003450008 
2288 Carol AnnDr5 3 (3 0)25905250005330006 
2352 TwainCt3 (4) 3 (2 1)185844500044000013 
700 RockportCt3 3 (3 0)13003750003750004 
253E22nd 3 (4) 2 (2 0)166036990037000011 
7926WCabeRd3 2 (2 0)118834995037500013 
1688 WoodlandCt3 3 (2 1)14534100004100008 
2842 DorsetLn3 3 (2 1)20484750004750006 
2930 Lincoln 3 2 (2 0)14163745003900003 
3401 CastleCt3 2 (2 0)127738450040550511 
1128 AthertonDr3 3 (2 1)17054300004400005 
2271 AlexisLn4 2 (2 0)185048000048600010 
1518 WoodlandCt3 3 (2 1)14534400004380001 
3461 SurreyDr2 2 (2 0)10073499003630005 
1975 FoxtailCt3 3 (2 1)18354350004450005 
1454 Dolores Lane 3 3 (2 1)13723980004000006 
2377 Golden LeafLn4 3 (2 1)21204249994572502 
1100 ProvidenceCt4 3 (2 1)22724800004865504 
1486 FranklinAve4 3 (3 0)15764299004330006 
1981 Woodcrest 3 3 (2 1)15703000003000003 
2584 RedbridgeRd4 2 (2 0)23885750005850005 
1960 KnollcrestLn3 3 (2 1)146143500042500014 
2800 CabrilloDr3 2 (2 0)13153900003850009 
380 CecelioWay3 3 (2 1)21874680004500009 
323 CoronadoWay4 2 (2 0)151037990038000010 
1253 PyreneesSt4 3 (3 0)285955500055500012 
3761 Norfolk Drive 5 3 (2 1)20294599504800008 
2546 Marie AntonetteLn3 (4) 2 (2 0)173342988844000012 
2000 BlossomwoodLn2 2 (2 0)10703280003300004 
1816 MaplegroveLn4 3 (2 1)207441800044200014 
1225WBeverlyPl3 2 (1 1)11503750003750006 
2169 YellowstoneAve4 2 (2 0)20394750004750005 
560 PalmCir4 2 (2 0)19014350004350008 
1925 TahoeCir4 3 (3 0)25214995004950009 
3523 Eagle RockLoop5 3 (2 1)27995900005800009 
1306 MansfieldSt4 3 (2 1)21524900004950006 
2170 TammiCt4 3 (2 1)24284750004950005