Posted by & filed under Brookside Real Estate, Morada Real Estate, Quail Lakes Real Estate, Real Estate Market Trends, Spanos West Real Estate, Stockton Real Estate.

April 2011 Stockton Area Market Update

Central Valley Real Estate News

Stockton Real Estate – Market Trends and Information

Read about "Shadow Inventory". Shadow inventory poses the single greatest threat to the Real Estate Market.

California Shadow Inventory Impacting Foreclosure Process


Search Homes For Sale In The Entire Central Valley Like A Realtor

Read A Description of the Short Sale Process

Call for free expert advice regarding alternatives to foreclosure, about short sales, which often seems to be the best answer in today’s real estate quagmire. If you or someone you know who needs help may reach us at 209-471-6516.

Click here to search the MLS like a realtor or the following links to view the homes available in the following neighborhoods!


(Links are available at the bottom of this email to detailed market reports for Brookside, Lincoln Village, Lincoln Village West, Morada, Morada West, Quail Lakes, Spanos East and Spanos West.)



Stockton Market Trend:

Traditional laws of supply and demand dictate an eventual increase in inventory and downward pressure on prices. But when? Traditional laws of supply and demand (temporarily) don’t seem to apply in this bank and government controlled market.

Stockton Stats for March 2011

o    There were 2,221 homes for sale in Stockton at the end of the month. This total includes 595 pending units, leaving a balance of 1,626 units (4.1 months’ inventory) available for sale.

o    4,737 homes were sold in Stockton during the 12 month period, an average of 395 homes per month. This compares to 5,790 homes, or a 483 unit average per month one year ago, an 18% drop.


o    There is a 6 month inventory on the market (see the "Months Sales In Inventory" chart above). Exclusive of pending sales (more transactions fall out of escrow in this market than in a normal market) there is a 4.1 month adjusted inventory.

o    There should be new homes placed on the market over the next few months unless lenders "bank" foreclosed-upon homes, or some other solution is found for ‘warehoused’ foreclosures and other "Shadow Inventory".

o    457 units were sold this month this year, 470 units this month last year.

o    The average sales price per square foot is $79 – less than the cost to build a home.

o    The average home sales price was $128,000.

o    Continued increases in mortgage delinquencies will result in new measures, increased inventories, and should continue the downward pressure on Stockton home sale prices.

Click on any of the following links to view neighborhood specific market reports.



Please visit Pat Holkesvig at our offices located at 3439 Brookside Rd, Suite 204, Stockton, CA 95219.

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