A Market Report Weston Ranch, Stockton for January 11th, 2008
0 Comments Published by Brian W. Barringer on Friday, January 11, 2008 at 9:49 AM.
Market Report for Weston Ranch, Stockton
The following information is from the local MLS database, as of January 11, 2008.
ACTIVE Status:
Total # of Residential properties for sale in Weston Ranch: 331
Average # of days on market: 86
The Median price of all Homes for sale: $275,000
The Average price of all Homes for sale: $291,431
Lowest priced home: 3bd/2ba/1,023 sq.ft /$179,900
Highest priced home: 6bd/4ba/3,376/$519,800
PENDING Status:
Number of properties currently under agreement: 43
Average pending price: $243,562
Avr. pending home is 4bd, 3ba, 1908 sq.ft at a price $239,000 and 36 days on the market.
SOLD Status:
Residential property sold over previous 30 days: 10 units or $2,401,000 in sales volume.
Average sale price: $240,100
Median sale price: $241,500
High: $270,000 (4bd/3ba 2300 sq.ft home).
Low: $259,000 (2bd/2ba 1372 sq.ft home)
Summery: There is actually more pending activity then I expected to see. Since this is the first report on Weston Ranch its hard to analyze the numbers without looking at past reports. The average sold price($240,000) which is similar to the avr. pending($243,000) is $60,000 lower than the average price of a home active on the market($291,000) which suggests that prices are still a little high for buyers and that sellers of homes in this area are still hopeful of higher prices..... I must also type that 40 pendings compared to 10 sold is positive.
The following information is from the local MLS database, as of January 11, 2008.
ACTIVE Status:
Total # of Residential properties for sale in Weston Ranch: 331
Average # of days on market: 86
The Median price of all Homes for sale: $275,000
The Average price of all Homes for sale: $291,431
Lowest priced home: 3bd/2ba/1,023 sq.ft /$179,900
Highest priced home: 6bd/4ba/3,376/$519,800
PENDING Status:
Number of properties currently under agreement: 43
Average pending price: $243,562
Avr. pending home is 4bd, 3ba, 1908 sq.ft at a price $239,000 and 36 days on the market.
SOLD Status:
Residential property sold over previous 30 days: 10 units or $2,401,000 in sales volume.
Average sale price: $240,100
Median sale price: $241,500
High: $270,000 (4bd/3ba 2300 sq.ft home).
Low: $259,000 (2bd/2ba 1372 sq.ft home)
Summery: There is actually more pending activity then I expected to see. Since this is the first report on Weston Ranch its hard to analyze the numbers without looking at past reports. The average sold price($240,000) which is similar to the avr. pending($243,000) is $60,000 lower than the average price of a home active on the market($291,000) which suggests that prices are still a little high for buyers and that sellers of homes in this area are still hopeful of higher prices..... I must also type that 40 pendings compared to 10 sold is positive.
0 Responses to “A Market Report Weston Ranch, Stockton for January 11th, 2008”
Post a CommentLinks to this post
Create a Link