Real Estate Market Report For Lathrop, Ca: Friday, March 14th 2008
0 Comments Published by Brian W. Barringer on Friday, March 14, 2008 at 1:05 PM.
Real Estate Market Report For Lathrop, Ca: Friday, March 14th 2008
The following information is from the local MLS database, as of March 14th 2008, as compared to February 14, 2008
ACTIVE Status:
Total # of Residential properties for sale: 275 270
Average # of days on market: 90 97
The Median price of all Homes for sale: $299,000 $328,000
The Average price of all Homes for sale: $320,000 $344,063
Lowest priced home: 2bd/2ba/923 sq. ft /$140,000
Highest priced home: 6bd/5ba/3,900 sq. ft/ $1,600,000
Pending Status:
# of properties currently under agreement: 70 40
Average pending price: $317,000 $313,562
Avr. pending home is 4bd, 3ba, 2400 sq. ft at a price and 68 days on the market.
SOLD Status (for previous 30 days):
Residential property sold over previous 30 days: 10 units or $3,104,990 11 units or $3,468,900 in sales volume.
Average sale price: $331,000 $315,100
High: $474,000(5bd/4ba 3300 sq. ft home).
Low: $239,000 (3bd/2ba 1672 sq. ft home)
Summery: Foreclosures are being priced right and picked up by buyers taking advantage of the low prices.
_________________
Real Estate Market Report For Lathrop, Ca: Valentines Day (2/14/2008) (Previous Month not archived yet in blog but on other website): The following information is from the local MLS database, as of February 14 as compared to January 11, 2008.
ACTIVE Status:
Total # of Residential properties for sale: 270 263
Average # of days on market: 97 94
The Median price of all Homes for sale: $328,000 $340,000
The Average price of all Homes for sale: $344,000 $261,063
Lowest priced home: 2bd/2ba/923 sq. ft /$154,000
Highest priced home: 6bd/5ba/3,900 sq. ft/ $650,800
PENDING Status:
Number of properties currently under agreement: 40 21
Average pending price: $313,000 $381,562
Avr. pending home is 4bd, 3ba, 2200 sq. ft at a price and 79 days on the market.
SOLD Status (for previous 30 days):
Residential property sold over previous 30 days: 11 units or $3,468,990 6 units or $1,878,900 in sales volume.
Average sale price: $315,000 $318,100
High: $$479,000(6bd/4ba 3400 sq. ft home).
Low: $147,000 (3bd/2ba 1172 sq. ft home)
Summery: Its like a light bulb came on. The market activity for sold homes has gone up by 2X. Values are still decreasing but inventory is moving. The market is beginning to stabilize. 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 represented. 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 . If you are a seller you have to Compete with these big boys. If you are a Buyer it is the Best time in years to buy. Interest rates are at a all time low and there is a ton of inventory to choose from. Which ever one you are call the Local EXPERTS to Show you the way. We also can negotiate with the new home builders for you. So call us or e mail us and we will bring you to the new homes and represent you. The builder pays us but we act as your BUYERS AGENT! Call or e mail 1-800-894-7282 or e mail us at Tiger@bpbarringer.com
The following information is from the local MLS database, as of March 14th 2008, as compared to February 14, 2008
ACTIVE Status:
Total # of Residential properties for sale: 275 270
Average # of days on market: 90 97
The Median price of all Homes for sale: $299,000 $328,000
The Average price of all Homes for sale: $320,000 $344,063
Lowest priced home: 2bd/2ba/923 sq. ft /$140,000
Highest priced home: 6bd/5ba/3,900 sq. ft/ $1,600,000
Pending Status:
# of properties currently under agreement: 70 40
Average pending price: $317,000 $313,562
Avr. pending home is 4bd, 3ba, 2400 sq. ft at a price and 68 days on the market.
SOLD Status (for previous 30 days):
Residential property sold over previous 30 days: 10 units or $3,104,990 11 units or $3,468,900 in sales volume.
Average sale price: $331,000 $315,100
High: $474,000(5bd/4ba 3300 sq. ft home).
Low: $239,000 (3bd/2ba 1672 sq. ft home)
Summery: Foreclosures are being priced right and picked up by buyers taking advantage of the low prices.
_________________
Real Estate Market Report For Lathrop, Ca: Valentines Day (2/14/2008) (Previous Month not archived yet in blog but on other website): The following information is from the local MLS database, as of February 14 as compared to January 11, 2008.
ACTIVE Status:
Total # of Residential properties for sale: 270 263
Average # of days on market: 97 94
The Median price of all Homes for sale: $328,000 $340,000
The Average price of all Homes for sale: $344,000 $261,063
Lowest priced home: 2bd/2ba/923 sq. ft /$154,000
Highest priced home: 6bd/5ba/3,900 sq. ft/ $650,800
PENDING Status:
Number of properties currently under agreement: 40 21
Average pending price: $313,000 $381,562
Avr. pending home is 4bd, 3ba, 2200 sq. ft at a price and 79 days on the market.
SOLD Status (for previous 30 days):
Residential property sold over previous 30 days: 11 units or $3,468,990 6 units or $1,878,900 in sales volume.
Average sale price: $315,000 $318,100
High: $$479,000(6bd/4ba 3400 sq. ft home).
Low: $147,000 (3bd/2ba 1172 sq. ft home)
Summery: Its like a light bulb came on. The market activity for sold homes has gone up by 2X. Values are still decreasing but inventory is moving. The market is beginning to stabilize. 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 represented. 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 . If you are a seller you have to Compete with these big boys. If you are a Buyer it is the Best time in years to buy. Interest rates are at a all time low and there is a ton of inventory to choose from. Which ever one you are call the Local EXPERTS to Show you the way. We also can negotiate with the new home builders for you. So call us or e mail us and we will bring you to the new homes and represent you. The builder pays us but we act as your BUYERS AGENT! Call or e mail 1-800-894-7282 or e mail us at Tiger@bpbarringer.com
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