According to CoreLogic's Home Price Index (HPI) October report the National Home Price has risen 0.2% from September. Prices are expected to continue to rise throughout December...just at a slow pace. Dr. Mark Fleming, chief economist of Corelogic states “The slowdown in price appreciation is positive for the housing market as almost half the states are now within 10 percent of their respective historical price peaks.” Read more of the article, "October Home Prices Maintain Trend of Slow but Steady Gains,” by Tory Barringer.
Recently, I sold a home in the Weber Ranch Community in a subdivision named Blossom Ranch. It was a gorgeous 2 Story 5 Bedroom, 3 Bathroom home with a loft and more for $275,000. It's a great community to live in. Click here to search homes for sale in the Weber Ranch Community in Stockton.
Inventory is low and homes priced correctly are selling quick in the Weber Ranch Community in NorthEast Stockton. If you are a homeowner thinking of selling, now would be a great time to do so, there is less than 2 months of inventory available. Inventory is showing slow growth over the last few months in the area.
Weber Ranch Community is a desired neighborhood in Stockton. The community is within close proximity to shopping, schools, parks, and the 99 Highway. In the month of October, there were 124 homes on the market for sale 88 of those homes were new listings. Pending sales rose 14.1% and 75 homes sold which was a 4.2% increase from the month of September.
In the month of October....the number of short sale homes for sale in Weber Ranch was 22 (a 4.3% decline from the month of September) and 16 short sale home sold (a 23.1% increase from the month of September) in the Weber Ranch Community.
If you are thinking about selling, receive a FREE Market Analysis by registering on out website and let is know if you are ready to take advantage of the rise in home prices!
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