Weston Ranch(South West Stockton) Market Report for Friday March 14th 2008
0 Comments Published by Brian W. Barringer on Friday, March 14, 2008 at 1:14 PM.
The following information is from the local MLS database, as of March 14th as compared to February 14th 2008.
ACTIVE Status:
Total # of Residential properties for sale in Weston Ranch: 346 337
Average # of days on market: 79 82
The Median price of all Homes for sale: $236,000 $249,000
The Average price of all Homes for sale:$250,698 $267,919
Highest priced home: 6bd/4ba/3,376/$519,800
PENDING Status:
Number of properties currently under agreement: 90 60
Average pending price: $222,845 $236,562
Avr. pending home is 4bd, 3ba, 1908 sq. ft at a price $222,000 and 36 days on the market.
SOLD Status:
Residential property sold over previous 30 days:22 units or 4,963,900 16 units or $3,586,000 in sales volume.
Average sale price:$225,825 $218,100
Median sale price:$212,100 $213,098
High: $270,000 (4bd/3ba 2300 sq. ft home).
Low: $259,000 (2bd/2ba 1372 sq. ft home)
Summary: Prices still going down but sales arepicking up. This is a REO Market at its strongest.
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Weston Ranch(South West Stockton) Market Report for February 14th 2008 (not previously archived in the blog):
The following information is from the local MLS database, as of February 14th as compared to January 11, 2008.
ACTIVE Status:
Total # of Residential properties for sale in Weston Ranch: 337 331
Average # of days on market: 82 86
The Median price of all Homes for sale: $249,000 $275,000
The Average price of all Homes for sale:$267,698 $283,431
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: 60 43
Average pending price: $236,845 $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:16 units or 3,586,848 10 units or $2,401,000 in sales volume.
Average sale price:$218,825 $240,100
Median sale price:$213,100 $219,098
High: $270,000 (4bd/3ba 2300 sq. ft home).
Low: $259,000 (2bd/2ba 1372 sq. ft home)
Summary: Weston Ranch is still a little sluggish. But there is a big overall increase in activity.
The Weston Ranch Market went up Faster than all of the surrounding markets in the past 4 years. This is why the prices there are going down faster than the surrounding markets at present { surrounding Markets} Tracy, Lathrop, Manteca, Modesto, ect... If you are wanting to sell in this Market you have to compete with Bank owned homes as well as short sales. If you are a Buyer it is the BEST time in years to buy all things are in your favor Low interest rates and a huge amount of inventory to choose from. Which ever you are call the local EXPERTS to show you the way. The BARRINGER TEAM 1-800-894-7282
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