New Homes are still selling in Lodi or San Joaquin County, California: 1/9/11

New Homes are still selling in Lodi or San Joaquin County, California: 1/9/11

New homes sales were off overall in San Joaquin despite a much higher traffic count.   The new year also produced some “updates” of year end numbers reducing overall sales counts.

The Financial News produced by the Builder Division of Wells Fargo Home Mortgage observes that unemployment dropped to a 9.4 percent national rate.  The report also noted that 260,000 workers were removed from the work force. However the gains in employment were in the private sector, suggesting possible sustainable improvement.  Unemployment rates in San Joaquin County remain near 13 percent.

The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 1/9/11: (YTD Sales numbers reset on 1-1-11)

Focus on Stockton: Total Projects Reporting: 4; Traffic: 34; Sales: 1: Cancellations: 1; Net Sales: 0; YTD Sales: 1

San Joaquin County:               Total Projects Reporting:  27; Traffic: 303; Sales: 4; Cancellations: 3; Net Sales: 1; YTD Sales: 7

Lathrop reporting 3 projects: 0 new releases, 9 in available inventory;

Linden reporting 1 project: 0 new releases, 3 in available inventory;

Lodi reporting 0 projects: no other information available

Manteca reporting 13 projects; 7 new releases, 55 in available inventory;

Mountain House reporting 5 projects: 0 new releases, 26 in available inventory;

Stockton reporting 4 projects: 0 new releases, 30 in available inventory;

Tracy reporting 1 project: 0 new releases, 6 in available inventory;

New Homes purchase is just one option for home ownership.  If you have an interest in seeing any of the new construction projects in San Joaquin County, please call The Nines Team and let us schedule a showing for you:  888-868-4398

If you would like to search for current listings on MLS, please click here.