Tracy Real Estate Stats for February
You've heard the real estate market in Tracy CA and the Central Valley is improving -- is it really. Here are the stats as of today.
Why are statistics important to you?
If you are a buyer, you need to know if prices are moving up or down, this will help you make a GOOD acceptable offer.
If you are a seller, behind on your mortgage, and investor considering investing in the Tracy CA real estate market then these stats are very important.
Numbers don't lie.
Active - 114
Short Sale 94
Short Sale Contingent 174
(Short Sale Contingent is when a buyer has made an offer on a short sale property. The Short Sale Seller has accepted the offer, and both parties are waiting for the bank to accept and/or respond to the offer)
Pending - 307
Sold in Past 30 days - 103
Average Square Footage 2021 Average Sales Price $$237,999
103% of asking price for Properties sold within the First 30 days
102.9% of asking Price for properties sold 31- 60 days
99.96% of asking price for properties sold 61 - 90 days
104.8% of asking price for properties sold 91 - 120 days
99.04% of asking price for properties sold over 121 days
Why do these numbers matter to you?
If you are a buyer looking to buy a home in Tracy CA you need to know if prices are going up or down so you know how to write an offer that will be accepted by the seller.
If you are a home owner or seller these stats are important to you so that you know that homes are selling, prices are rising slowly, short sales are closing, they are taking a while but they are closing.
One of the interesting facts is how close or over the asking price even at 61 days or longer. It used to be that a "dated" property sold up to 20% less than the first 30 days. Due to short sales, and the length of time it takes to get a response, the days to close is significantly longer.
Buyers are waiting for short sales. What about you? Are you needing to short sale your home? Are you wanting to buyer a home in Tracy? Call me today.
Tracy Real Estate
Mountain House Real Estate
About the Author...
This article was provided by Susan Goulding, a Nationally recognized Realtor and Certified Short Sale & REO Specialist. Susan can be reached via e-mail at Susan@SusanGoulding.com by cell phone or text message at 209-914-5573. Susan has helped hundreds of people buy and sell their home. For Northern California real estate and homes see www.SusanGoulding.com. If you need to Short Sale your Tracy or Mountain House, Northern California home please contact me for more information or visit www.ShortSaleMyTracyHome.com
Specializing in the following Northern California Communities: Tracy, Mountain House, Livermore, Brentwood, Oakley, Pleasanton, Danville, Patterson, Lathrop, Manteca and Ripon.
Keller Williams Tracy/Mountain HouseTracy, CA
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