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Stockton,
CA Stats for May 2009
Summary:
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At the end of the month there were
2,335 homes for
sale in Stockton.
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This is significant in relationship to average sales
of 518 homes per month during the preceding 12
month period.
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New foreclosures will
adversely affect the housing market in Stockton.
Normal rules
related to supply and demand do not appear to apply
in this lenders controlled market. Average sales prices
continue to decline despite a decline in supply.
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Mortgagee 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; accounting rules and the
SEC permit non recognition of loan losses consistent
with prior periods
on non participating (delinquent) loans.
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.
Inventory remains at peak levels.
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Unit sales per month remain higher than a year ago. The
delay on getting foreclosures
to market has resulted in reduced inventory levels.
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The average sales price
is now near $127,000 and the $77 average sales price per square foot
remains below the cost to build a home.
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6,879 homes were sold in Stockton during the 12
month period ended May 2009. Based on current
inventory and sales levels it could take 4 months
to sell a new listing here. The moratorium on
getting foreclosures to market will end! If you have a
home and need to sell it - 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 Partners Real Estate, the top real estate company in your area. Partners Real Estate 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 Partners Real Estate -
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. Call us today at 209-471-6516.
Pat Holkesvig, CEO
Your Home Team |
