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Stockton,
California Stats for January 2010
Summary:
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At the end of the month there were
2,018 homes for
sale in Stockton including 711 pending sales.
The net inventory available for sale was therefore
1,307 units.
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This is significant in relationship to average
sales of 500 homes per month during the preceding 12
month period.
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Unit sales for the past
7 months remain at lower levels than a year ago,
presumably due to lower inventory levels.
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Normal pricing rules
related to supply and demand do not appear to apply
in this lender controlled market. Average sales prices
continue to decline despite a decline in supply.
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Mortgage loan
delinquencies continue to rise; some lenders
continue their moratorium on foreclosures; some
lenders who foreclose on properties are slow to put
them on the market.
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Accounting and SEC rules that have permitted non recognition of loan losses
will change. SOON.
What these Numbers Mean to You:
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Homes may take longer to sell and sellers may
have to be aggressive about their asking price.
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Average unit sales remain high. The
delay on getting foreclosures
to market has resulted in reduced inventory levels,
and has bolstered prices somewhat.
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The average sales price
is now near $144,000 and the $82 average sales price per square foot
remains below the cost to build a home.
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6,004 homes were sold in
Stockton during the 12 month period ended January
2010. Based on current inventory and sales levels it
could take 4 months to sell a new listing here.
"Shadow Inventory" will start to appear, if you have
to sell your
home - mark it down and SELL IT
NOW!!!
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Aggressively priced, quality homes continue to
sell. For buyers, significant purchase
opportunities exist for good quality homes. Call us -
we can help!
Does it really make a difference what company or agent you choose to sell your home?
YES!
Choose
Homes In Stockton, the top real estate company in your area.
Homes In Stockton dominates
prestige home sales in Stockton, and has the highest per agent sales volume in Stockton.
What to do now:
If you are thinking about selling your home, call your neighborhood experts at
Homes In Stockton -
Your Home Team. We understand the market and have the knowledge and experience to guide you through
the complexities of today's real estate transactions.
We have more short-sales
transactions than any other agent in San Joaquin County. We
close over 90% of our short-sales. If you would like to
discuss this process as an option for yourself or for
someone you know please call us.
Call us today at 209-471-6516.
Pat Holkesvig, CEO
Your Home Team |
