Tracy Real Estate Trend

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2015 was a good year for real estate. Home prices increased modestly in some areas, more sharply in others. Tracy real estate market was very good in 2015. Predictions in the real estate industry are that the year 2016 will be even better, although, interest rates on home loans are on the rise.

Speaking of loans: Lenders offering a wide variety of different loan programs. The best news for first time buyers is that FHA loan limits in San Joaquin County have been adjusted upward, which is what we have been waiting for a long time.
The following statistical data is for December 1st to December 31, 2015:
As of January 3rd, 2016, 141 homes are actively listed in the Tracy, Mountain House and in Tracy Rural areas.
In December 2015, 103 homes have been sold. The average SOLD price in December was $426,230 and these homes have been on the market for an average of 43 days.

Listing price versus Sales Price in December was 98% – a slight seasonal decrease in sales price.

Looking back, 2015 was an overall good year for Tracy/Mountain House real estate market: Between January 1st and December 31st, altogether 1401 homes were sold. The average sales price for the year 2015 was $414,463

To compare these to the year 2014: Homes sold: 1167. Average sales price in 2014: $380,217
That is an average, year-to-year increase of home values by 9.1%…can we repeat this in 2016 please? That would be awesome!  Wishing you all a peaceful, healthy, prosperous 2016!

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Data have been collected and interpreted from MetroList Multiple Listing Service.
About Eva Bradley:
My home town is Tracy, Ca. I am serving the Central Valley Region – Lathrop, Manteca, Patterson, Stockton and Modesto since 1999.
ZIP Codes: 95376, 95377, 95398
Approximate Location Boundaries: Tracy, Mountain House, Rural Tracy
Location Characteristics: Tracy is located in the Central Valley, California and 26 Miles East of the Dublin-Livermore-Pleasanton corridor. Most of Tracy population are commuting to the Silicon Valley to work. Tracy is proud of low crime rates and excellent schools. Summers are hot, winters are foggy. Tracy is doing a great job in attracting big companies to open new facilities, like Amazon and FedEx, giving the opportunity for residents to find higher paying jobs here locally.

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About Eva Bradley:
My home town is Tracy, Ca. I am serving the Central Valley Region since 1999: Lathrop, Manteca, Patterson,Stockton and Modesto..

New Smoke Alarm Law – Tracy, California

A residential smoke detector is the most famil...

Smoke alarm laws taking effect

by Glenn Moore Tracy Press

Jul 12, 2014 | 721 views | 2 2 comments | 4 4 recommendations | email to a friend | print

New smoke detector laws, including a change that took effect July 1, are intended to keep working alarms in rental properties and homes in Tracy and throughout California.

State Senate Bills 1394 and 745 are phasing in rules for installation and types of smoke alarms during the next two years.

Division Chief Steve Hanlon of the Tracy fire department said the laws acknowledged a growing — and dangerous — trend observed by fire crews statewide and locally. Continue reading

How to Escape Water Shortages

Cacti are not the only low water consuming pla...
Cacti are not the only low water consuming plants used in Xeriscaping. (Photo credit: Wikipedia)

In many parts of the country, from California to Texas, green lawns of grass are not indigenous to the region. To make them work, you need copious amounts of water to keep them looking their best.

Non-native landscaping contributes to water shortages in some areas, resulting in strict watering restrictions, even in high-end gated communities such as Santa Luz in San Diego. The Santa Luz homeowners association requires that all landscaping is xeriscaped using only plants native to California.

Water shortages are growing. Nevada’s Lake Mead has reportedly dropped to less than 40 percent of its full level, reports LakeMead.water-data.com. Texas has reported drought conditions for the last three years.

How can homeowners help? Continue reading