Market Report for Lathrop, Ca as of January 11th, 2008
0 Comments Published by Brian W. Barringer on Friday, January 11, 2008 at 10:43 AM.
Market Report for Lathrop, Ca.
The following information is from the local MLS database, as of January 11, 2008.
ACTIVE Status:
Total # of Residential properties for sale: 263
Average # of days on market: 94
The Median price of all Homes for sale: $340,000
The Average price of all Homes for sale: $261,063
Lowest priced home: 2bd/2ba/923 sq.ft /$169,900
Highest priced home: 6bd/5ba/3,900 sq.ft/$650,800
PENDING Status:
Number of properties currently under agreement: 21
Average pending price: $381,562
Avr. pending home is 4bd, 3ba, 2200 sq.ft at a price and 85 days on the market.
SOLD Status(for previous 30 days):
Residential property sold over previous 30 days: 6 units or $1,878,900 in sales volume.
Average sale price: $318,100
High: $$465,000(6bd/4ba 3400 sq.ft home).
Low: $220,000 (3bd/2ba 1372 sq.ft home)
Summery: There are still at least 4 or 5 builders still competing for buyers in this small boom town of 10,000 people. Its hard to tell what all of the builders out there are doing because some post there sales to the MLS, some don't. I am guessing that the builders do have more sales then what is repersented. The majority of all homes pending and sold are Bank owned properties. These sellers are the only ones who can compete on the same cooperate level some builders such as KB and Pulte.
Its like a heavy weight boxing match. BANKS vs. BUILDERS, with good odds on the bank!
Brian
The following information is from the local MLS database, as of January 11, 2008.
ACTIVE Status:
Total # of Residential properties for sale: 263
Average # of days on market: 94
The Median price of all Homes for sale: $340,000
The Average price of all Homes for sale: $261,063
Lowest priced home: 2bd/2ba/923 sq.ft /$169,900
Highest priced home: 6bd/5ba/3,900 sq.ft/$650,800
PENDING Status:
Number of properties currently under agreement: 21
Average pending price: $381,562
Avr. pending home is 4bd, 3ba, 2200 sq.ft at a price and 85 days on the market.
SOLD Status(for previous 30 days):
Residential property sold over previous 30 days: 6 units or $1,878,900 in sales volume.
Average sale price: $318,100
High: $$465,000(6bd/4ba 3400 sq.ft home).
Low: $220,000 (3bd/2ba 1372 sq.ft home)
Summery: There are still at least 4 or 5 builders still competing for buyers in this small boom town of 10,000 people. Its hard to tell what all of the builders out there are doing because some post there sales to the MLS, some don't. I am guessing that the builders do have more sales then what is repersented. The majority of all homes pending and sold are Bank owned properties. These sellers are the only ones who can compete on the same cooperate level some builders such as KB and Pulte.
Its like a heavy weight boxing match. BANKS vs. BUILDERS, with good odds on the bank!
Brian
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