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News You Can Use -November 2010

Eva Bradley — Sat, 04 Dec 2010 22:42:57 +0000

Here is a link to my “December Real Estate Update”:

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month’s issue includes topics such as:

“Why Buy a Home?”;
“Disclosure: Safest Way To Sell A Home”;
“Should I Take My Home Off the Market During the Holidays?”;
“Tips for an Eco-Friendly Holiday”;
“Value in Homeownership”;

Plus a roundup of November real estate activity in Tracy as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Please contact me if you would like this monthly Newsletter sent directly to your inbox.

To see how the market in Tracy was in the first 10 months of 2010, please take a minute to study the the following charts:

Real Estate Market Condition Report for Tracy, California

Eva Bradley — Mon, 04 Jan 2010 14:54:29 +0000

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!

Tracy market update

Eva Bradley — Fri, 09 Oct 2009 01:12:55 +0000

Real estate in Tracy is moving along; we have a shortage on available homes. Demand is high, many buyers need homes, not enough to choose from. Interest rates remain very low. We are seeing multiple offers on all reasonably priced homes. Home prices are slightly higher. This is a good indicator that we are in need for new listings.

Take a look at the statistics:

As of October 7, we have a 192 active listings.

From September 27th to October 3rd, the number of homes changed status to “Sale Pending” was 48.

Since October 1st we have 18 homes Sold in and around Tracy. See chart below.