Stanislaus County Home Sales - August 2012 - MODESTO
The sales figures for Modesto California for August 2012 are in. The totals below are for single family homes sold in Modesto.
Total Sales - 223 (269 sold in August 2011)
Bank owned Sales - 48 which was 22% of all sales.
Short Sales - 71 which was 32% of all sales 
Overall, distressed sales (Bank owned and short sales) made up 54% of all sales.
The lowest price home sold in Modesto during August 2012 was $39,000.
The highest price home sold in Modesto during August 2012 was $565,000
The median home price in Modesto during August 2012 was $144,000
The average days on the market was 50.
As you can see the volume of home sales in Modesto in August 2012 was quite a bit lower than last year. Distressed sales are still the majority of sales and holding steady. There were more short sales sold than bank owned homes sold again this month. This is a trend that I think will continue. You can read more about this trend in my previous post "Stanislaus County Short Sales Numbers Set To Explode."
If you are thinking about buying a home in Modesto now is a great time. Prices are better than they have been in a long time and interest rates are at all time lows. There are currently 216 homes for sale in Modesto listed from $25,000 up to $1,795,000. The inventory of available homes is also going down. Give me, Jim Patton, a call at 209-633-2839 and I can help you find the right house for you. You can also search for Modesto Homes for sale here too.
Home sales for Modesto Ca July 2012
Home sales for Modesto Ca June 2012
Home sales for Modesto Ca May 2012
Home sales for Modesto Ca April 2012
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