Stanislaus County Short Sales - Patterson California

Stanislaus County Short Sales - Patterson California

About 15 miles due west of my hometown of Turlock Ca is the town of Patterson Ca.  Patterson is well know around here for the hundreds of palm trees that line the street while entering the town from the east.   While it is true that Patterson grew like a weed during the "housing boom" it is still a small rural town by most standards. As of January 2009 the population of Patterson was 21,168.   This was an 82% increase from April 2000 when the population stood at 11,606.  A large part of the increase in population can be attributed to "Bay Area transplants".  

Patterson Ca. is on the west side of the San Joaquin valley and offers easy access to the San Francisco Bay area.  During the early part of this century while houses were being built as fast as possible many of the buyers were coming from "over the hill" in the East Bay and South Bay areas.   Gas prices were significantly lower than they are today and it made sense for lots of people to buy in Patterson and commute daily to their jobs in the Bay Area.  Of course this drove up the prices of homes significantly in Patterson.  Now things have changed again.

Fewer people want to make that commute especially with the price of gas these days.  Many people lost their jobs in the bay area or suffered pay cuts.   Many homes in Patterson went into foreclosure in the first part of this decade.   There are still some foreclosures in town and lots of short sales available.  Prices are about half of what they were at the peak of the market. 

In the last few years there has been some good economic news in Patterson.  More jobs have come to the town.  Over the last few years CVS , Kohls, and Grainger have opened up huge distribution centers in Patterson.  Of course agriculture is still the biggest industry in the area with Patterson Frozen Foods being the largest employer in town. 

Patterson has also seen its selection of retail stores increase in the last few years too.   Save Mart Supermarkets, CVS, and Rite Aid all have opened stores in town.   Of course all the fast food places have made their appearance too and you know you are on the map when Starbucks arrives.  

I have a couple of listings coming up in Patterson.  One is a bank owned home and one will be a short sale.  Check out my coming soon listings on my website for more information. 

If you are facing foreclosure in Patterson or anywhere else in Stanislaus County give me, Jim Patton, Stanislaus County Short Sale Agent a call at 209-633-2839 and we can discuss your options.  A short sale may be your best option.  Call me today, I look forward to hearing from you.