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Market trends in the central valley of california

Real Estate Agent with Exit Realty Consultants DRE# 01416945

June 07, 2009 06:54 PM

Here is a glimpse of what the market looks like in the central valley of California:

Stanislaus County: Total Active: 2081 --- Total Pending: 1741 --- YTD Units Sold: 3997

San Joaquin County: Total Active: 2568 --- Total Pending: 2340 --- YTD Units Sold: 5258

Here are the weekly numbers for the second quarter

Stanislaus	3/31	4/7	4/14	4/21	4/28	5/5	5/12	5/19	5/26	6/2	6/9	6/16	6/23	6/30
Active	201	232	220	209	260	212	214	231	176	230
A-REO	97	109	96	105	117	104	103	111	99	113
Pending	345	373	299	311	356	328	279	298	268	280
Sold	199	210	175	174	225	254	183	182	171	239

San Joaquin	3/31	4/7	4/14	4/21	4/28	5/5	5/12	5/19	5/26	6/2	6/9	6/16	6/23	6/30
Active	278	333	275	289	335	268	271	306	266	293
A-REO	153	159	121	137	155	131	128	139	136	151
Pending	453	572	402	439	521	520	409	427	325	443
Sold	269	304	283	247	310	325	226	241	188	329

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Jim Hale

ACTIONAGENTS.NET - Eugene, OR

Eugene Oregon's Best Home Search Website

Your numbers suggest that a large fraction of your area pendings are not closing. Is that due to short sales failur?

It looks like you have only about a one month supply of homes on the market. That ratio looks about like the ratio from the boom. What is happening to prices in your area?

Jun 07, 2009 08:38 PM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is useful information for consumers. Have a good week.

Jun 07, 2009 11:32 PM

Chuck Bukhari

Exit Realty Consultants - Modesto, CA

"Let's find your Dream Home and make it Reality!"

Jim,

Thanks for the comment. The prices did take a fall at the start of the shift to about 50% but now are steadily staying at the same. We have a boom alright but at bottom of the pricing structure. We have about a month worth of inventory but the quality is very poor. So the good listings do not last more than 24 hours and we see the offers go as many as 30+ offers. for the most part the cash offers are the winners as the bank do not need to worry about appraised value. Prices are inching up but very slow, which good.

Jun 08, 2009 06:38 AM

Thanks Gita! You also have yourself a great and successful week.

Jun 08, 2009 06:40 AM

Market trends in the central valley of california

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Chuck Bukhari

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