Tuolumne County Real Estate Monthly Market Report
April 2011
During April 2011, 53 residential properties closed escrow. The average sale price was $189,729 and the average days on the market were 162. Forty percent (or 21) of the residential properties that sold were bank owned and 13% (or 7) were short sales.
Fifty-eight (58) residential properties went under contract during the month with an average list price of $193,516. More than half of the properties that went pending in March were distressed sales (43% bank owned and 9% short sales).
As of 5/10/2011, there are currently 588 active residential properties on the market with 39% priced below $200,000. Distressed listings are twenty-six percent (26%) of all active listings. The majority of homes currently on the market are not bank owned or short sales and these homes represent a great value in today's market.
Below is the breakdown of pendings and solds for the month of April:
|
|
# of Homes |
Average Price |
Median Price |
Average Days on Market |
|
Pending - Single Family |
22 |
$185,790 |
$165,900 |
126 |
|
Pending - SF w/acreage |
12 |
$162,410 |
$131,450 |
100 |
|
PC Backups - SF |
19 |
$213,880 |
$169,000 |
122 |
|
PC Backups - SF w/acreage |
5 |
$224,776 |
$214,900 |
150 |
|
Sold - Single Family |
42 |
$181,265 |
$163,000 |
170 |
|
Sold - SF w/acreage |
11 |
$222,045 |
$175,000 |
132 |
588 Active Residential Listings
230 - $0 - $199,999
160 - $200,000 - $299,999
92 - $300,000 - $399,999
42 - $400,000 - $499,999
29 - $500,000 - $599,999
14 - $600,000 - $699,999
5 - $700,000 - $799,999
4 - $800,000 - $899,999
7 - $900,000 - $999,999
5 - $1,000,000 +
We have a very affordable home market in Tuolumne County with some great opportunities for buyers. If you are looking for a cabin in the woods, a home with acreage, a ranch, a starter home or a large established estate, in the snow or below the snow you can find it here in "the great unfenced". We really do have something for every taste and budget.
This information is complied from TCAR MLS data and is deemed reliable, but not guaranteed.
If you would like information on lots or acreage contact me or search my website
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