Tuesday, July 14, 2009

Tracy Area Market Report 6/1/09 vs. 7/2/09

The following information is from the local MLS database, as of July 2, 2009 and is compared to (June 1, 2009). If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 355 (357)

# of REO (foreclosures): 47 (58)

# of Short Sales: 244 (245)

Average # of days on market: 119 (116)

The median price of all homes for sale in Tracy: $241,900 ($280,450)

The average price of all homes for sale in Tracy: $353,817 ($382,315)

Lowest priced home: 1bd/612 sq. ft./$50,000

Highest priced home: 6bd/5,667 sq. ft./$1,350,000


PENDING Status

Number of properties currently under agreement: 359 (371)

# of REO: 189 (222)

# of Short Sales: 127 (116)

Average pending price: $222,201 ($216,774)

Average pending home is 4 bedrooms, 1,980 square feet at a price of $222,201 that stays 47 days on the market.
SOLD Status

Residential property sold over previous 30 days: 168 homes or $36,079,370 in sales (161 homes or $34,488,887 in sales)

REO’s sold in the last month: 123 (129)

Short sales sold in the last month: 30 (20)

Average sale price: $214,758 ($214,217)

Median sale price: $200,000 ($220,000)

High: 735K (6bd/5,030 sq. ft. home)

Low: 55K (2bd/720 sq. ft. home)

Mountain House, CA

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 97 (105)

# of REO (foreclosures): 5 (11)

# of Short Sales: 79 (81)

Average # of days on market: 62 (47)

The median price of all homes for sale in Mountain House: $320,000 ($317,450)

The average price of all homes for sale in Mountain House: $337,136 ($320,171)

Lowest priced home: 2bd/1,262 sq. ft./$196,900

Highest priced home: 5bd/4,082 sq. ft./$549,500

Square Feet
# of homes for sale in Mountain House
Median List Price
Average List Price


PENDING Status

Number of properties currently under agreement: 90 (86)

# of REO: 32 (35)

# of Short Sales: 37 (34)

Average pending price: $303,375 ($304,103)

Average pending home is 4 bedrooms, 2,628 square feet at a price of $303,375 that stays 45 days on the market.



Residential property sold over previous 30 days: 29 homes or $9,262,384 in sales (25 homes or $7,904,200 in sales)

REO’s sold in the last month: 15 (15)

Short sales sold in the last month: 6 (6)

Average sale price: $319,393 ($316,168)

Median sale price: $310,000 ($325,000)

High: $582,381 (5bd/4,290 sq. ft. home)

Low: 162K (2bd/1,282 sq. ft. home)



Lathrop, CA

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 100 (105)

# of REO (foreclosures): 13 (17)

# of Short Sales: 68 (76)

Average # of days on market: 60 (48)

The median price of all homes for sale in Lathrop: $195,938 ($179,900)

The average price of all homes for sale in Lathrop: $218,163 ($199,967)

Lowest priced home: 2bd/768 sq. ft./$80,000

Highest priced home: 5bd/3,870 sq. ft./$799,900

PENDING Status

Number of properties currently under agreement: 129 (136)

# of REO: 77 (88)

# of Short Sales: 31 (30)

Average pending price: $182,286 ($185,111)

Average pending home is 4 bedrooms, 2,332 square feet at a price of $182,286 that stays 39 days on the market.

SOLD Status

Residential property sold over previous 30 days: 63 homes or $11,506,668 in sales (66 homes or $11,131,088 in sales)

REO’s sold in the last month: 47 (59)

Short sales sold in the last month: 11 (6)

Average sale price: $182,646 ($168,653)

Median sale price: $180,000 ($168,000)

High: 305K (6bd/3,522 sq. ft. home)

Low: 32.5K (2bd/1,040 sq. ft. home)



Weston Ranch, CA

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 104 (102)

# of REO (foreclosures): 31 (21)

# of Short Sales: 65 (72)

Average # of days on market: 35 (45)

The median price of all homes for sale in Weston Ranch: $144,200 ($138,950)

The average price of all homes for sale in Weston Ranch: $147,563 ($144,023)

Lowest priced home: 3bd/1,041 sq. ft./$100,000

Highest price home: 6bd/2,905 sq. ft./$249,000



PENDING Status

Number of properties currently under agreement: 119 (147)

# of REO: 78 (105)

# of Short Sales: 29 (72)

Average pending price: $137,009 ($138,622)

Average pending home is 4 bedrooms; 1,973 square feet that stays 32 days on the market.



SOLD Status

Residential property sold over previous 30 days: 77 homes or $10,869,868 in sales (61 homes or $8,607,850 in sales)

Short sales sold in the last month: 10 (4)

Average sale price: $141,167 ($141,112)

Median sale price: $135,000 ($135,000)

High: 218K (5bd/3,376 sq. ft. home)

(220K (6bd/3,000 sq. ft. home))

Low: 98K (3bd/1,214 sq. ft. home)

(85.5K (3bd/1,176 sq. ft. home))

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