Following are the statistics for the month of January, 2010: 

• Actively listed properties: 207

             Almost the same as it was in December 2009 (208) 

• Homes that went “Pending Sale” for the last week of January:  34

             This is just a bit lower than it was for the same period in December (27)

• Number of homes “Sold” in the month of December: 92

              This is a significant drop compared to the previous month when

              the number of sold home was 148 

• The Average Days on the market of the Sold Properties: 46

             In December last year this number was 62.  

• Average Listing Price: $296,75 
• Average Sale Price: $244,573

 The charts below reflecting these numbers as well:

If you would like to have detailed statistics for other areas of the Central Valley, please feel free to call or email me – I would be glad to provide it for you.

   Real Estate Updates – Newsletter for January, 2010

Market conditions for 2009

Looking at the year end statistics for Tracy, including the surrounding country area, 2009 wasn’t a bad year for the local real estate market at all, considering the status of real estate market nationally.

Following are the statistics for the month of December, 2009:

•  Actively listed properties: 208 -  This slightly higher than it was in November (182)
•   Homes with “Pending” status for the last week of December:25  - This is just a bit lower than it was for the same period in November (27) and mostly do to the holidays.
•  Number of homes “Sold” in the month of December: 148  – This is a 25% increase compared to the previous month!!! (111) Huge increase! … . Maybe do to the $8,000 Home Buyers’ Tax credit extension? ….
•  The Average Days on the market of the Sold Properties: 62  - This is an increase from the previous month (34)…almost doubled!

 The charts below reflecting these numbers as well:

The statistical report for the year of 2009 is also showing some stabilization: it looks much better in comparison to the past few years. Inventory of available homes was much lower, barely enough to satisfy the huge demand. Sales prices are showing a slight improvement as well. An average, 59% of all homes sold in 2009, where actively marketed for less than 30 days.

•  In 2009 the number of homes sold: 1958
•  Average Sales price: $225,260
•  Average days on the market before selling: 48
•  Listing Price v. sales Price : 101% (homes were sold 1% higher than the asking price)

The average sales prices of Sold homes have increased slightly towards the end of 2009.

If you would like to have more detailed statistics or for other areas of the Central Valley real estate market, please feel free to call or email me – I would be glad to provide it for you.

A prosperous, happy, healthy New Year to you all!