Tuolumne County Real Estate Monthly Market Report for July 2011

Tuolumne County Real Estate Monthly Market Report

July 2011

During July 2011, 58 residential properties closed escrow. The average sale price was $205,166 and the average days on the market were 167. Thirty-six percent (or 21) of the residential properties that sold were bank owned and 22% (or 13) were short sales.

Fifty-six (56) residential properties went under contract during the month with an average list price of $188,640.  Distressed properties accounted for 42.8 % of the properties that went pending in June.

As of 8/22/2011, there are currently 693 active residential properties on the market with 40% of homes priced below $200,000.  Distressed listings (REO =11% and Short Sales = 13%) are twenty-four percent (24%) of all active listings.

Below is the breakdown of pending and sales for the month of July:

693 Active Residential Listings

279 - $0 - $199,999

204 - $200,000 - $299,999

99 - $300,000 - $399,999

53 - $400,000 - $499,999

29 - $500,000 - $599,999

11 - $600,000 - $699,999

5 - $700,000 - $799,999

6 - $800,000 - $899,999

3 - $900,000 - $999,999

4 - $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

www.sugarpinerealty.com/kburby