The Stockton Specialist

Stockton Real Estate Market Report for June 2008 is up!

Published July 31, 2008

And it might contain some good news for buyers!! Stockton is an exciting market and this month has beeen no exception.

Scroll to the bottom of our homepage at homes-in-stockton.com to get the latest update!

Active Brookside Listings as of 6/8/2008

Published June 8, 2008

5704 Saint Andrews Dr Stockton, CA 95219-1929 $2,995,000
4673 Pine Valley Cir Stockton, CA 95219-1878 $2,389,000
3626 Gleneagles Dr Stockton, CA 95219-1824 $1,695,000
5117 Spanish Bay Cir Stockton, CA 95219-1933 $1,150,000
4138 Pebble Beach Dr Stockton, CA 95219-1912 $1,095,950
4743 Saint Andrews Dr Stockton, CA 95219-1915 $1,075,000
6065 Riverbank Cir Stockton, CA 95219-2523 $999,975
3318 Morningside Dr Stockton, CA 95219-1728 $999,950
5245 Poppy Hills Cir Stockton, CA 95219-1920 $975,000
5037 Spanish Bay Cir Stockton, CA 95219-1932 $939,950
4550 Pebble Beach Dr Stockton, CA 95219-1909 $925,000
5183 Poppy Hills Cir Stockton, CA 95219-1920 $925,000
4346 Saint Andrews Dr Stockton, CA 95219-1847 $899,000
4353 Bridgewater Pl Stockton, CA 95219-2001 $888,000
5156 Poppy Hills Cir Stockton, CA 95219-1920 $820,000
3315 Morningside Dr Stockton, CA 95219-1729 $819,500
4119 Spyglass Dr Stockton, CA 95219-1922 $795,000
4149 Pebble Beach Dr Stockton, CA 95219-1912 $749,500
6118 Riverbank Cir Stockton, CA 95219-2524 $675,000
3942 Riverboat Dr Stockton, CA 95219-2541 $672,500
3426 Lakemist Cir Stockton, CA 95219-1735 $649,950
4205 Pinehurst Cir Stockton, CA 95219-1839 $610,000
3970 Glen Abby Cir Stockton, CA 95219-1807 $599,900
4312 Heron Lakes Dr Stockton, CA 95219-1767 $589,950
4242 Heron Lakes Dr Stockton, CA 95219-1766 $575,000
3672 Arrowhead Ct Stockton, CA 95219-1769 $515,000
4211 Pinehurst Cir Stockton, CA 95219-1882 $509,000
4258 Pinehurst Cir Stockton, CA 95219-1885 $485,000
3630 Arrowhead Ct Stockton, CA 95219 $475,000
4034 Pine Lake Cir Stockton, CA 95219-2018 $454,950
4029 Coastal Cove Ln Stockton, CA 95219-2530 $449,000
6264 Pine Meadow Cir Stockton, CA 95219-2542 $399,000
6252 Pine Meadow Cir Stockton, CA 95219-2542 $380,000
6367 Brook Hollow Cir Stockton, CA 95219-2441 $353,000
3773 Bridlewood Cir Stockton, CA 95219-2518 $350,000
3729 Bridlewood Cir Stockton, CA 95219-2518 $329,950
6399 Pine Meadow Cir Stockton, CA 95219-2543 $323,999
3393 Willowbrook Cir Stockton, CA 95219-1758 $319,500
3332 Willowbrook Cir Stockton, CA 95219-1706 $299,000
3717 Bridlewood Cir Stockton, CA 95219-2518 $295,000
4889 Timepiece Cir Stockton, CA 95219-2041 $264,900
5331 Rockwood Cir Stockton, CA 95219-2515 $259,000
4828 Timepiece Cir Stockton, CA 95219-2040 $245,000
5687 Vintage Cir Stockton, CA 95219-2513 $239,900
3656 Hidden Brook Dr Stockton, CA 95219-2331 $238,900
3082 Carousel Cir Stockton, CA 95219-2318 $235,000
3065 Carousel Cir Stockton, CA 95219-2315 $235,000
3183 Autumn Chase Cir Stockton, CA 95219-2434 $235,000
3010 Carousel Cir Stockton, CA 95219-2302 $228,800
3971 Bridlewood Cir Stockton, CA 95219-2503 $199,900

Alt-A Delinquencies Soar

Published May 25, 2008

The higher quality Alt-A mortgages appear to be heading down the same path as the subprime. Will this bubble be the next to burst? Mr. Mortgage has a great video providing an overview of the Alt-A market.

http://www.youtube.com/watch?v=pmeBSWI9sF8

Short sale opportunities

Published May 21, 2008

There are opportunities to purchase homes at value prices through the short sale process. Unfortunately the mortgage servicers are making the process in some cases a REAL challenge. The benefit to the owners of the mortgage is that they can sell the property before going through the expensive foreclosure process. The benefit to the seller should be that they are able to walk away from the home without the threat of a deficiency judgment when the loan is not purchase money security. The reality is that some lenders are now including verbiage in the short sale approval giving the lender the right to collect the deficiency even if the loan is purchase money security. Not a good deal for the seller. I have been successful in negotiating the waivers but it does take substantial effort. Sellers beware of the documents the lenders are requesting you sign for a short sale, buyers beware that solid short sale deals do exist!

Investors NOW may be the time to buy!

Published April 18, 2008

As more individuals loose their homes to foreclosure the demand for rental properties is increasing. We have already seen significant increases in demand and rents are heading up. I expect this trend to continue. Good news for investors. We’re finally in place where an investor can buy a home, rent it, and have a positive cash flow! Mortgage News Daily has an article on this topic:

Mortgage News Daily Article

Starting to hit bottom

Published April 13, 2008

We’re finally starting to see the bottom. Homes priced aggressively by the banks are now receiving multiple offers. In some cases up to 20 offers have been received The time to buy is now. More foreclosures are expected and exiting inventory prices are being reduced to “bottom” prices. The following is a link to a recent article in the Wall Street Journal on the topic:

WSJ article

Top 100 Foreclosure Counties

Published February 7, 2008

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