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Tracy CA is it a BUYER or SELLER market?

By
Real Estate Broker/Owner with Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management 01490605

Here you go stat people- you tell me.  There are 645 homes on the market as of October 1.

There are 487 pending -- yes I got that right--- we have a 1.5 month supply of houses.

Is there competition for these homes, you bet.

Can I under bid to get a home, I mean I've heard the news, housing prices are dropping.... is it true?

The answer is simple - yes and no.  Prices have dropped and now people have to bid over asking to get the house they want.  I'll bet you didn't hear that on the news.

So how do you get a home.  Hire a great REALTOR that will work for you.  Most homes are being "pre-sold" agents know they are coming and they are snatched up the day they go on the market.

Don't miss this opportunity to grow you wealth.

 

Cynthia Sulamo
Sulamo Appraisal Service - Folsom, CA

Hi Susan

This is so true and it is rarely reported.  Running statistics on all my appraisals I find we have many markets that are seeing marketing times of less than 30 days, mutiple offers and sales prices over list price.  By the time the newspapers catch on it will be old news, but for now it's great to hear others reporting what they are seeing also.  So much of the "news" has contributed to our current economic condition of a lack of confidence.  It's great to hear the voice of reason.

Oct 02, 2008 04:45 PM