Here is a glimpse of what the market looks like in the central valley of California:

Stanislaus County:      Total Active:  2081   ---  Total Pending:  1741  ---  YTD Units Sold: 3997

San Joaquin County:   Total Active:  2568   ---  Total Pending:  2340  --- YTD Units Sold: 5258

Here are the weekly numbers for the second quarter

 Stanislaus 3/31 4/7 4/14 4/21 4/28 5/5 5/12 5/19 5/26 6/2 6/9 6/16 6/23 6/30
Active 201 232 220 209 260 212 214 231 176 230        
A-REO 97 109 96 105 117 104 103 111 99 113        
Pending 345 373 299 311 356 328 279 298 268 280        
Sold 199 210 175 174 225 254 183 182 171 239        

 San Joaquin 3/31 4/7 4/14 4/21 4/28 5/5 5/12 5/19 5/26 6/2 6/9 6/16 6/23 6/30
Active 278 333 275 289 335 268 271 306 266 293        
A-REO 153 159 121 137 155 131 128 139 136 151        
Pending 453 572 402 439 521 520 409 427 325 443        
Sold 269 304 283 247 310 325 226 241 188 329        

 
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4 Comments on Market trends in the central valley of california

JUN
08
100,429 Points 1 Featured Post Outside Blog

Your numbers suggest that a large fraction of your area pendings are not closing.  Is that due to short sales failur?

It looks like you have only about a one month supply of homes on the market.  That ratio looks about like the ratio from the boom.  What is happening to prices in your area?
3:38am • #1
421,473 Points 3 Featured Posts Outside Blog

This is useful information for consumers. Have a good week.
6:32am • #2
Hit Router

Jim,

Thanks for the comment.  The prices did take a fall at the start of the shift to about 50% but now are steadily staying at the same.  We have a boom alright but at bottom of the pricing structure.  We have about a month worth of inventory but the quality is very poor.  So the good listings do not last more than 24 hours and we see the offers go as many as 30+ offers.  for the most part the cash offers are the winners as the bank do not need to worry about appraised value.  Prices are inching up but very slow, which good.

 

 
1:38pm • #3
Hit Router

Thanks Gita!  You also have yourself a great and successful week.
1:40pm • #4

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Chuck Bukhari

Modesto, CA

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Keller Williams Realty

Address: 1001 Sylvan Ave, Bldg A, Modesto, CA, 95350

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