February News Update

               

News you can use:  February Newsletter is here and it is, as always, full of useful tips and information that you can use. 

 

 

Topics included in this month’s Newsletter: 

  • How to repair your home without damaging your wallet
  • Exterior remodeling proves best bang for your buck
  • Homebuyer tax credit boosts economy
  • Understanding the buyers mindset
  • View current mortgage rates 
  • January round up: mortgage rate trends

If you have any ideas or tips on topics for next month please share it with me; I would be glad to research it and publish it.

 

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Real Estate Market Condition Report for Tracy, California

anrealestatenews   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:

market cond.

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!

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News you can use.

telephone

Please, ckeck out this monthly publication; it contains relevant information not only about mortgages and real estate in general, but good house keeping tips and other useful information as well. Please check out my October Newsletter.

If you have something in mind that could be included in the next month’s publication, please feel free to let me know about it.  I would be glad to insert it for you.