Most of the Q4 numbers are in. The prediction is that we will see a rise in Foreclosures before the numbers start to decrease. What are the numbers in your area?
Stockton, CA sold almost half the # of homes as the entire San Joaquin County. Tracy, CA came in second. San Joaquin County has experienced a population boom in the past decade. Stockton is housing the largest number of that boom. This boom is mainly because of the high cost of living in the SF Bay Area. Stockton is 80 miles from San Francisco.
Q4 - California  | Most loans originated between August 2005 and October 2006 |
$402,000 was the median price for a home |
The average #of months homeowners were behind on mortgage payments before Notice of Default was recorded is 5 months |
The average # of months homeowners were behind on Line of Credit payments before Notice of Default was recorded is 7 months |
Increase in Defaults were recorded in 42 of the 58 counties in California |
Defaults were the highest in 2007 than it has been since 1992 |
Numbers are figured up to December 27, 2007
County/City/Area | # Sold | Dec. 2007 Median $ | Dec. 2006 Median $ | % Change |
San Joaquin County | 496 | $316,750 | $429,500 | -26.25% |
ESCALON | 10 | $355,500 | $350,500 | 1.43% |
FRENCH CAMP | 2 | $170,500 | $25,000 | 582.00% |
LATHROP | 10 | $361,500 | $475,000 | -23.89% |
LINDEN | 4 | $472,500 | $451,000 | 4.77% |
LODI | 24 | $294,500 | $340,000 | -13.38% |
MANTECA | 90 | $330,500 | $413,500 | -20.07% |
RIPON | 6 | $445,000 | $475,000 | -6.32% |
STOCKTON | 235 | $260,000 | $376,300 | -30.91% |
TRACY | 112 | $425,750 | $526,000 | -19.06% |
WOODBRIDGE | 3 | $292,500 | $462,500 | -36.76% |
Stockton, CA is the seat of San Joaquin County (which is the 5th largest agricultural county in the United States). According to 2007 estimates by the California Department of Finance, Stockton has a population of 325,308 (689,689 MSA) and is the 13th largest city in California far as in population.
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Check out: Real Estate Terms/Definitions. And take a look at Mother and Daughter Blog for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Perfect Financial Solutions and we also focus in Short Sales and the Pre-Foreclosure process. Our consultations are free. Our aggressive marketing plan includes on-listing advertising. If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin County CA - includes Stockton, Manteca, Tracy, Lathrop) plus Stanislaus County CA - includes Modesto, Salida, Riverbank) & the East Bay (Alameda County CA - includes Hayward, Fremont, Newark, Union City & Oakland) and surrounding areas. If you would like a FREE Home Seller or Home Buyer Handbook, please call us at 866-750-8282 or email at US.
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Rosemary Brooks
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