Real Estate Blog - Tracy, Ca

Blogging with Brian Barringer. This blog is about my life, local interests, history, internet, real estate(local and international), and anything else. Basically if its interesting to me I blog it. Its like a open diary or a brief glimpse into my mind. A Realtor with Century 21 M&M and The Barringer Team Tracy, Ca 800.894.7282/cell.209.613.8945/912 W. 11th st.

Tracy, Ca Real Estate Market Report For December 28, 2007

0 Comments Published by Brian W. Barringer on Friday, December 28, 2007 at 10:46 AM.

The following information is from the local MLS database, as of December 28, 2007, compared to (December 1st). If you are interested in a little more market history please scroll down to the bottom of the post to find links to previous market reports.



ACTIVE Status:
Total # of Residential properties for sale in the city of Tracy: 902 (918)
Average # of days on market: 90 (81)

The Median price of all Homes for sale in Tracy: $399,999 ($419,444)
The Average price of all Homes for sale in Tracy: $423,925 ($445,886)

Lowest priced home: 1bd/1.00ba/502 sq.ft/$120,000
Highest priced home: 7bd/6ba/6500 sq.ft/$1,699,000


PENDING Status:
Number of properties currently under agreement: 100 (89) (75)
Average pending price: $408,632 ($408,775)
Avr. pending home is 4bd, 3ba, 2238 sq.ft at a price $396,450 and 64 days on the market.


Minimum, Average, Maximum


SOLD Status:
Residential property sold over previous 30 days: 35 transactions or $16,107,700 in sales.
(35 transactions, $14,881,199)

Average sale price: $417,443 ($425,177)
Median sale price: $399,000 ($419,900)

High: 729K (5/4bd 3600 sq.ft home).
Low: 259K (1118 sq.ft home)


This is new...........
Its a break down of the homes that have sold in the last 30 days. Average DOM(days on the market) Breakdown and Average % of List Pricereceived on Solds by Market time:

0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings12 4 6 7 11
Breakdown %30.00 10.00 15.00 17.50 27.50
Avg % SP/LP96.75 99.22 95.96 98.03 94.46




So, for example, 30% of homes sold in the last 30 days or 12 homes sold for an average of 96% of their listing price.

Summery:
Homes are getting sold and confidence is rising. The way things are looking the market has taken its worst hits. Don't get me wrong, we should still see a slight downward trend for the next coming months. I think that the extreme tilt we have been seeing in the previous months is over......

Previous Tracy California Market Reports:
Tracy Real Estate Market Report for October 30th, 2007
Foreclosure market report for Tracy, ca---- August 7th, 2007

Made by Brian Barringer
for The Tracy Real Estate blog.

800.894.7282


I love this bird!
Photobucket
And a random motivational photo:
Photobucket

www.TracyRealEstateBlog.com

1 Comments Published by Brian W. Barringer on at 9:07 AM.

My blog now has its own URL....... http://www.tracyrealestateblog.com/

"woohoo!"


All aboard and welcome to the Forclosure Express! Next stop is Short Sale City, last chance to exit before we reach Forclosure town. ALLLABOARD!!

0 Comments Published by Brian W. Barringer on Friday, December 21, 2007 at 3:37 PM.


choo-choo

I hope the new title makes sense, as you can tell I am not funny. Recently I have been forced to come up with all of the little jokes in this blog on my own. You may have heard in the news that the writers guild is on strike. Well it is important that you, the public, knows that I support the writers guild 100%. My writers have my full backing. In fact, I will continue to support the writers on my staff and the staff of my writers with full salaries, out of my own pocket, for as long as it takes!

Solidarity

Real Estate short sales, in a nutshell..................



This is a repost but a very good Q&A I put together about short sales and how they work.
The changing mortgage industry and a slowing of appreciation are two factors in today's real estate market contribute to the high rate of foreclosures. But here is the secret, the bank is not in the business of owning and selling real estate. They loose thousands of dollars in the process and would be much happier to settle it before it reaches that point, not because they care about you or your credit but because they will save thousands on there bottom line!!!!!! That's where a short sale comes into play. LENDERS actually prefer you to do a SHORT SALE. Homeowners who cant make there monthly payments have the option to sell there home for less then what its worth. Lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure.Bottom line, your lender wants to work with you.




Brian
209.613.8945





Short Sale is the sale of a home when sales proceeds do not fully pay off the existing loan(s) and lender(s) accepts a discounted payoff to fully satisfy the loan.The best part, the existing lender pays virtually all sales costs, including commissions, escrow and title fees and repair costs. You get your home sold, the loan(s) paid off and you avoid foreclosure.



Nothing, zero, zip. It’s true, in most cases you will pay literally no sales costs if your lender approves the Short Sale. All commissions, title and escrow fees, and even most repair expenses are paid by the lender as part of the Short Sale approval. Remember, the lenders motivation to approve Short Sales and accept the resulting losses is to avoid bigger losses through foreclosure.
It’s easy. Email me today and we will get started. Brian@tracyhomes.com If you would prefer to discuss it on the phone, or set an appointment call 800-894-7282. There is no charge to you to or fee to you ever. The bank pays us to sell your home.






1)Legal Concerns – Mortgage lenders have come under legal pressure to work with borrowers to equitably resolve situations where borrowers are unable to meet their mortgage obligation, particularly when the borrower makes an effort to arrive at a compromise solution.
2)Wall Street is Watching – Mortgage lenders rely heavily on their ability to package and sell bundles of loans on the secondary mortgage market. They need to sell these bundles of loans in order to put the funds back to work by loaning the money again and collect loan fees along the way. When a home is in foreclosure its a pure loss for them.
3)Asset Management Expenses- If a lender acquires a property through foreclosure, the property will be managed until it is repaired and resold. The bank has to pay someone to make repairs, keep utilities on, and so on.....
4)Reserve Requirement- Delinquent and non-performing loans place another burden on mortgage lenders. These funds cannot be put to work generating new loan fees until the bad loans are resolved.






NO. That is why it is critical to work with someone that has extensive experience at getting Short Sales approved.From the presentation of the Short Sale package to the lender to working with the lenders Loss Mitigation Department, we know how to keep the file moving towards approval.





The big key here is to avoid foreclosure. By nearly any measure, a foreclosure is the most damaging event your credit status can encounter - worse than bankruptcy. By avoiding foreclosure, you will likely be able to resume normal borrowing (car loans, credit cards, consumer goods and such) relatively quickly.








Each Short Sale is subject to each different lenders requirements. In General , as long as the hardship is real and the mortgage company believes the loan is likely to become delinquent as a result, the Short Sale request will be processed by the Loss Mitigation Department. A big key to getting Loss Mitigation to accept a hardship is to submit a strong hardship letter. This is something I specialize in. The hardship letter sets the tone for the entire file. Below you will find a list of “hardships” that are common and frequently accepted by mortgage lenders.








Types of hardship that apply:
  1. Family illness or injury
  2. Illness or injury in the extended family – particularly if it forces relocation
  3. Job relocation when the property is equity deficient
  4. Job loss or significant income loss
  5. Divorce or split of domestic partners
  6. Adjustment in mortgage payment or unforeseen increase in living expenses

Got a question? Call the answer man.(me)





Brian Barringer
brian@tracyhomes.com












Need more info, lets talk.................









800.894.7282






Made by Brian W. Barringer in 2006 for
http://www.tracyhomes.com/ and http://www.blogger.com/www.tracyrealestate.blogspot.com


Technorati Tags:, , , , , , , , , , ,


The Story of Molly by Pat Barringer

1 Comments Published by Brian W. Barringer on Friday, December 14, 2007 at 11:44 AM.

A story written by my mom for our newsletter....


Happy Birthday Molly!!
by Pat Barringer






Molly was born 2 years ago on January 14th. Her mother was a 3 pound Chihuahua stray who gave birth to 10 babies! The people who adopted her were not able to take care of that many new born puppies since the mom could not take care of them. That is when our sweet daughter in law called us to see if we could take one.

Well, first you have to understand, we already had 5 dogs and one of them, the oldest our senior Queensland healer was diabetic and she required insulin shots twice daily. But of course, there is always room for one more, and I said we would take one if we could have a female.

Bobbie (the Queen) Barringer
You have to understand our Barringer Pack. First there was Bobbi. She was a Queensland’s Healer that Steven found in front of Safeway. She was our first dog. Next came Rocky (not pictured) a mixed breed Chihuahua ( both Rocky and Bobbi are gone now)
Betsy(girl) Barringer


Then, because my mother in Denver breed Shih Tzu’s. I wanted one. I saw an ad in the paper for half Shih Tzu and half Chihuahua puppies and Steven & I went to get one. We gave her to Bill for Father’s day. This is our now old girl Betsy. (Rocky and Betsy starred in a commercial for the Barringer Team).


"Prince Charles Ruport" Barringer(charlie)

After Betsy, my mom came to visit and guess what? She brought a puppy! She was on the way before I told Bill. That’s how we got our pure bread Prince Charles Rupert.

Camino Barringer

A couple of years later and Bill, the softy, came home with a real Chihuahua puppy, That was Camino. He was soooo cute and my real chi today.

But he grew to 7 pounds! That’s is why I still wanted a very small chi that I could take places in my purse.


Anyway, that’s the pack. (they got one other dog they are not talking about, bb)

So now you know, on with the story of Molly...



I went with Sarah to pick her up in Concord and I couldn’t believe how tiny those pups were. They were 11 days old and weighed about 6 oz. There was only one girl in the 5 that were being adopted out, so the choice was easy. Even though I knew that raising a puppy was going to be hard work, I was excited about finally getting my tiny dog.


When I got the baby home, that’s when the challenge started. She had to be bottle fed with special formula and I bought a small pink dog crate. I put a heating pad in it and towels. I also put a stuffed bear that was 3 times bigger than the baby in it for her to cuddle up to. We were very lucky that the puppies were sleeping thru the night, but I kept her crate right by the bed on the table so I could hear her thru the night. We took her to work every day and I bottle fed her it seemed like weeks. I weighed her every day and do you know, she was growing and growing. After she was getting about one month old her eyes opened and she started to stand on her little legs a little.

Bill was so worried about her that he did not want to get attached because he was afraid she would not make it. I made sure that I was doing everything that a mommy dog would do to keep her growing.



And she kept growing! I could tell by the records that I kept of Camino that Molly was already getting bigger that Camino was but she was such a cute little dog. Because she was so little, I didn’t let her go outside for a while. I am glad that she is big because I just don’t know how you can have a 2 lb dog around with out stepping on it. Turns out that she is 10 pounds! Even bigger than Camino and sooo cute! Not quite my tiny purse dog. She just knows that she was special and the princess of the house. I dress her in little doggy dresses and she is so cute.



Once Bill knew that she wasn’t going anywhere, she became his DAUGHTER! He has spoiled her, I have to tell you. She does this cute thing when you hold a treat in front of her and ask her to wave, she waves her paw and it is so cute!

Bill is the leader of the pack and he takes all 5 of them for a walk every day behind our house. They all get so excited and they know when they are going to go. All of our dogs are very special to us and of course we love them, but Molly really is a special dog because she is so lucky to have dog parents that love her so much.



You may see Molly and Camino in the office if you stop by. We bring them in to help us relive stress but mainly to get them socialized so that one day we can have them certified to be Therapy Dogs. I would love to continue my work with home bound seniors by taking our dogs to visit them.



By Pat Barringer


(blogged by brian)


The real Prince Rupert of the Rhine

I wonder why she did not tell you about the gigantic cat they have.........

5 unique homes for sale under half-a-million dollars.

0 Comments Published by Brian W. Barringer on Thursday, December 13, 2007 at 3:11 PM.

1) Awesome cabin retreat:
Listing # 70020132
Placerville, CA Listing
Price: $498,000
On 5 acres

Beds: 1-4
Approx Square Feet: 3055 Appraiser
Baths: 1 (1 0)
2) Mission Style home (they don't make them like this anymore)
Listing # 70109663
Beds4Approx Square Feet2964 Estimate
Baths(FH)2 (2 0)Price/Sq Ft$160.26


Year Built1923Lot Sq Ft (approx)17860
APN001-200-53Lot Acres (approx)0.410
DOM

57

Marketing comments from the MLS:
VINTAGE HOME-Mission Style built 1923 in rural Thornton.4 Bedrooms(1 w/kitchenette)2 baths... 1964 sf. Full finished basement approx.1000sf-great for office/hobby interests. 2 car garage, concrete drives,RV parking,alley access. Updated kitchen & nook. Extensive,mature landscaped lot! Easy I-5 access. UNIQUE!
A few more pics:
3)Basement + monthly income from billboard in backyard
Listing Price: $180,000
Listing # 70118833
Stockton, CA
Beds2Approx Square Feet965 Assessor/Auto-Fill
Baths(FH)1 (1 0)Price/Sq Ft$186.53


Year Built1939Lot Sq Ft (approx)4792
APN133-190-45Lot Acres (approx)0.110
DOM28
Marketing Remark 2 BD/1BA Unique home with lots of built-ins. Many features make this classis home a must to see. Finished full basement with wet bar for lots of fun. Extra monthly income from billboard in backyard currently $350.00 per month, max at $480.00. New roof by close of escrow.
4) Affordable custom home with all the upgrades.
Listing Price: $290,000
Listing # 70117646
Modesto, CA
Beds2-3Approx Square Feet1323 Assessor/Agt-Fill
Baths(FH)2 (2 0)Price/Sq Ft$219.20


Year Built1947Lot Sq Ft (approx)6098
APN113-013-031-000Lot Acres (approx)0.140
DOM31
Brian Barringer
brian@tracyhomes.com


5: A Dome of a home on 16 acres in El Dorado, CA

Listing Price: $419,900

Listing # 70114450



Beds1-2Approx Square Feet1656 Assessor/Agt-Fill
Baths(FH)2 (2 0)Price/Sq Ft$253.56


Year Built1989Lot Sq Ft (approx)

691297

Marketing Remark Unique Dome home on almost 16 gorgeous acres! This home is very light and bright! Very cozy and comfortable with numerous windows to show off the views of your land! Enjoy your morning coffee & views from the covered deck! Newer green roof with green and white trim on the home, very classy! Detached lg.garage

800.894.7282


Made by Brian W. Barringer in 2006 for
http://www.tracyhomes.com/ and http://www.blogger.com/www.tracyrealestate.blogspot.com

News:
In the Tracy Press...How to save your home By Jennifer Wadsworth


1.18 ac.+ 1988 sq.ft + Guest Quarters + Garage/Shop, in rural Tracy for 399,000 = one heck of a deal!

0 Comments Published by Brian W. Barringer on Tuesday, December 11, 2007 at 10:58 AM.

Country Living at an affordable price.........................
Asking 399,999. (really) (picture from the MLS)
This bank owned property that just hit the market today. The price and features look very impressive. It is listed as a fixer and at this price I don't expect the property to be perfect. It has all the makings of a excellent ranch house. Being that this is country living the property comes with septic system, well and propane. It is located just north/east of town.
The property features include:
  1. Guest Quarters
  2. Detached Garage w/shop
  3. In ground pool
  4. Hardwood Floors
  5. Central A/C
  6. Inside laundry
  7. 1.1 acre lot

More pictures from prospector.metrolist:


Nice sized kitchen!

This home was for sale previously starting at 649K on 04/24/07. I was able to pull some of the pictures from that listing because there are only two interior shots available on the current listing. Also there is not a current picture of the pool. These shots will give you can get a better idea of what it looks like in pristine condition:

Pool shot one (not positive but I think to the right is the guest quarters):

Formal Dining Room:

Family Room: (needs work)

Pool shot two:

Long drive way to side access and a shot of the garage/shop/

If you are looking for a rural property with space to expand, this might be your next home. I am a buyers agent and I can represent your best interests in the purchase of this property.

I am predicting that this listing will see a lot of action from buyers. Call me for a showing before its history!

How do you think this home is priced?
Brian Barringer

209.833.7777

209.613.8945

Tracy Real Estate market report for December 1st 2007

0 Comments Published by Brian W. Barringer on Saturday, December 01, 2007 at 11:02 AM.

The following information is from the local MLS database, as of December 1st 2007, compared to (October 30th 2007).

ACTIVE Status:
Total # of Residential properties for sale in the city of Tracy: 917 (918)
# of vacant homes on the market: 409
# of REO's (bank owned foreclosure): 287
# of short sales (pre-foreclosures: 245
Average # of days on market: 84 (81).
The Median price of all Homes for sale in Tracy: $419,444 ($439,990)
The Average price of all Homes for sale in Tracy: $445,203 ($482,886)

PENDING Status:
Total number of properties currently under agreement: 89 (75)
# of REO's: 45
# of short sales: 12
Average pending price: $408,775 ($422,579)
Avr. pending home is 4bd, 2.70 ba, 2034 sq.ft at a price of and 64 days on the market and 73 days on market.

SOLD Status:
Residential property sold over previous 30 days: 35 transactions or $14,915,800 sales.
(35 transactions, or $14,881,199 )
# of REO's: 16
# of short sales: 2
Average sale price: $426,166 ($406,177)
Median sale price: $409,900 ($419,900)
High: 839K (5/4bd 4280 sq.ft home)
Low: 270K (1121 sq.ft home)


Go here to Sign-up for full access to MLS (including addresses and complete descriptions)Based on information provided to and compiled by MetroList MLS Prospector.

Summary: We are looking at a healthy market, a much better picture then a few months ago.... There is a nice jump in action/activity with 14 more homes are pending then last month, making the total 89. We are still looking at 35 sold homes over the last thirty day, however, when the pending homes become sold over the next month we should see sold numbers catch up. Next market report I am guessing 50+ homes sold over the last 30 days..
This activity during the holidays is a good sign that the market is picking up. The buyers who have been waiting on the sidelines for something to happen are starting to take action....

What is surprising is that this is all taking place during the holidays, but hey you cant argue with that.

Its a good time to be a buyer!


Previous Tracy California Market Reports:




Brian Barringer
brian@tracyhomes.com

About Me

My Photo
Name: Brian Barringer
Location: Tracy, California, United States

Hello. My name is Brian W. Barringer. I am a real estate agent in the city of Tracy. I work exclusively as a buyer’s agent, helping my clients in finding homes and condos in the Tracy area. Most of the content in this blog will be real estate news of a local interest. Living in Tracy most of my life and growing up around the real estate business gives me a unique prespective on the local real estate market. If you wish to learn more about the ways in which I can assist you as a real estate agent, please visit my real estate site, at www.tracyhomes.com. The best & easiest way to contact me is by email or phone. Brian Barringer brian@tracyhomes.com 800.894.7282

View my complete profile


Photo Sharing and Video Hosting at Photobucket

Subscribe Here:

Enter your email address below:

to subscribe to The Tracy Real Estate Blog!


Latest

Archives


Links


Blog Featured:

  • FREE MONEY! Get you share of $1 million dollars!
  • Benifits of using our new EMAIL MLS system
  • Can't make the payments? Here are your options...
  • Short sales, in a nutshell...........
  • City of Tracy will pay your second Mortgage
  • BUYERS
  • Ancent Roman Real Estate Mogol
  • FORCLOSURES
  • Finding out who owns that property

    • My Favorites:

  • First Post(2/3/06)
  • B-day (2/9/06)
  • What is a blog?(3/20/06)
  • What is best not to say.(3/25/06)
  • Pets 'n' Pals (4/04/06)
  • Lathrop (4/04/06)
  • Cell phones and driving.
  • Capital gains Tax (4/24/06)
  • Byron Hot Springs Hotel, Part 1
  • Byron Hot Springs Hotel, Part 2
  • Byron Hot Springs Hotel, Part 3
  • Byron Hot Springs Hotel, Part 4
  • Byron Hot Springs Hotel Part 5
  • Byron Hot Springs Hotel Part 6
  • Old Lammersville Schoolhouse(5/24/06)
  • Brichetto Tomb
  • Chinchillas!(06/03/06
  • Star Treking in Las Vagas(06/19/06)
  • Mansion Impossible(02/01/07)
  • On-line Poker Debate(02/20/07)
  • Free Alaska Homestead

    • Local Websites:


  • Tracy Branch Library
  • St. Benards Church
  • Tracy Chamber
  • The Press
  • Manteca Bulletin
  • Evelyn Tolbert: Tracy City Council Member
  • Tracy Chamber of Commerce
  • GreatValley.org
  • Dr. Mike McLellan's Blog
  • TUSD(schools)
  • City Website(Tracy)
  • 12 monkeys tattoos
  • SJC Sheriff's Department
  • California Delta site
  • SJC Housing Athor.
  • Assessor's Office
  • Tracy Oasis
  • The Great Plate
  • Tracy Police Dept.
  • www.TracyHonda.com
  • www.TracyToyota.com
  • Stan Morri Ford
  • www.TracyMotorSport.com
  • www.AltamontRacing.com
  • www.FlowerPavillion.com
  • Main Street Music
  • SJC Red Cross
  • Gigi's Pizza
  • Tracy Park Apartments
  • Tracy Babe Ruth Baseball
  • SJC Fair housing
  • Tracy Pizza Factory
  • Chip Plastic Surgery
  • Tracy Area Genealogical Society
  • SJC Red Cross

    • Tracy's Blogroll

  • Dave Parker
  • Jeff Bond
  • Cheri Matthews
  • Stanley Burrell
  • Glenn Moore
  • Jon Mendelson
  • Dick Tracy
  • Jeff Sparkman
  • Amadeo's blog
  • Tracy Today
  • Gary Tittle
  • Mike McLellan
  • Mike Pihlman
  • Jardna Day
  • Alden Park Neighborhood Blog
  • The Tracy Honda Blog

    • Real Estate Blogroll

  • AHI: United States
  • Bloodhound Blog
  • Boston Real Estate Blog
  • Berkeley Real Estate Blog
  • San Francisco Real Estate Blog
  • Seattle Real Estate Blog
  • Buffalo housing blog
  • Salt Lake Real Estate Blog
  • Las Vegas Real Estate Blog
  • Phoenix Real estate Blog
  • Portland's Real Estate Blog
  • Dean Jackson's Blog
  • Unusual Real Estate

    • General Links

  • CNN/real estate
  • Cal HUD
  • TechCrunch
  • Dept. of Real Estate(Ca)
  • NACO.org
  • Century 21 Corp.
  • Reuse people(recycled construction material)

    • ActiveRain Real Estate


    Life:


    Add to Google Reader or Homepage

    Add to My AOL

    Powered by FeedBurner


    © 2006 Real Estate Blog - Tracy, Ca | href="http://www.Tracyhomes.com">TracyHomes.Com