| "ABOUT THE CURRENT MARKET" |
| Stanislaus County |
| Information obtained from regional listing service and is not guaranteed by Team Hawrysz or Prudential California Realty. |
| Past "ABOUT THE CURRENT MARKET" Blogs |
By R.G.H. Hawrysz
Realtor®, Broker Associate,
CRS®, GRI, e-Pro®, ABR®, SRES®, SFR®
Prudential California Realty
5/17/2010 ABOUT THE CURRENT MARKET
It’s the Spring Buying Season!
As the data indicates, in San Joaquin County Active-Listings (supply) decreased by 2
homes. Pendings increased by 274 homes. Average Listing price increased by $1,000
and Sold Price increased by $4,000. Months of Inventory rose to 2.2 from 2.0 months
in April. On average in the county, it’s taking approximately 47 days to sell a home.
Sales Price: Increasing
Demand: Slowing
Supply: Up Slightly
Pendings: Up Significantly
Days on Market: Flat
In Stanislaus County, Active-Listings increased by 64 homes. Pendings were also up
by 161 homes and the average price remained flat at $264,000. Sold price decreased
by another $2,000 and Months of Inventory rose to 2.3 from 1.9 in March. On average
in the county it’s taking approximately 48 days to sell a home.
Sales Price: Flat
Demand: Slowing
Supply: Up Slightly
Pendings: Up Significantly
Days on Market: Up Slightly
This month many of us Realtors have experienced an increase in buyers interested in
obtaining bargains by attempting to negotiate price down or offering less. If your one of
those individuals, you may need to take into consideration that it remains a sellers
market. That is as long as there are multiple offers and so far this is the case on more
affordable and desirable homes. This is not to say that some sellers aren’t pushing
the price envelope a bit. If you’re attempting to negotiate on a Short Sale home,
understand that your offer will have to be accepted by up to three parties, namely the
owner, lender and investor. All Short Sales lenders require multiple BPO’s and/or
Appraisals and much of the time have a better understanding of market price than you
might think. So typically, what you can expect to pay for Short Sale home is the
appraisal or fair market price. Perhaps not the bargain you anticipated. You’ll have a
far better chance of obtaining that dream home if you position your offer at the market
price point. Some Agents know how to do this and some do not. So make sure your
working with an experienced agent if you really want the home. I’m not saying you
should never negotiate on Short Sales, just recognize the already incredible savings
and don’t miss out on home ownership.
Here’s the month of April numbers:
San Joaquin County on Market
REO’s = 410 (Last month 414)
Short Sales = 592 (Last month 642)
NonShort Sale/REO = 765 (Last month 713)
Stanislaus County on Market
REO’s = 345 (Last month 334)
Short Sales = 498 (Last month 483)
Non Short Sale/REO = 512 (Last month 474)
Home Buyers: The California Tax Credit is here to take over where the Federal Tax
Credit left off! But hurry, because the California Association of Realtors is projecting
that the funds will be depleted by the end of May, based on the average numbers of
Pendings in California. Competition remains strong for desirable and priced right
homes. Make sure your working with a qualified agent that can guide and coach you
through the process. Look for designations like GRI, ABR®, CRS®, SFR®, e-PRO®.
Each of these designations has an important meaning and is an often overlooked
qualification requirement you should have when selecting an agent. For more on
Realtor designations visit http://www.realtor.
org/education/realtor_university/designation .
California Tax Credit Points:
1) Buyers who enter into a binding contact by April 30 have until June 30 to settle on
the purchase.
2) The max credit amount remains $8,000 for first-time homebuyers.
3) Buyers that qualify have not owned a primary residence within the past 3 years.
Investors: Today there were 71 properties in both counties under $50,000 and the
lowest priced single family home (non modular) came in at $24,900 in Modesto. It’s a
2 Bedroom, 1 Bath, 858 Sqft. on .14 Acres. What a steel, but don’t buy this one sight-
unseen!
Homeowners: Good news! You’re now dominating the market. There are more of your
homes on the market than REO’s or Short Sales. Leverage your position in the market
to keep prices on the move in the region.
We’ll see how the market changes next month, with more analysis and opinion.
If you would like more information or would like to work with our team to sell or
purchase your next home, contact us at (209) 444-6610 or e-mail rocky@prucalifornia.
com.
Information obtained from regional listing service and is not guaranteed by Team Hawrysz or Prudential California Realty.
Realtor®, Broker Associate,
CRS®, GRI, e-Pro®, ABR®, SRES®, SFR®
Prudential California Realty
5/17/2010 ABOUT THE CURRENT MARKET
It’s the Spring Buying Season!
As the data indicates, in San Joaquin County Active-Listings (supply) decreased by 2
homes. Pendings increased by 274 homes. Average Listing price increased by $1,000
and Sold Price increased by $4,000. Months of Inventory rose to 2.2 from 2.0 months
in April. On average in the county, it’s taking approximately 47 days to sell a home.
Sales Price: Increasing
Demand: Slowing
Supply: Up Slightly
Pendings: Up Significantly
Days on Market: Flat
In Stanislaus County, Active-Listings increased by 64 homes. Pendings were also up
by 161 homes and the average price remained flat at $264,000. Sold price decreased
by another $2,000 and Months of Inventory rose to 2.3 from 1.9 in March. On average
in the county it’s taking approximately 48 days to sell a home.
Sales Price: Flat
Demand: Slowing
Supply: Up Slightly
Pendings: Up Significantly
Days on Market: Up Slightly
This month many of us Realtors have experienced an increase in buyers interested in
obtaining bargains by attempting to negotiate price down or offering less. If your one of
those individuals, you may need to take into consideration that it remains a sellers
market. That is as long as there are multiple offers and so far this is the case on more
affordable and desirable homes. This is not to say that some sellers aren’t pushing
the price envelope a bit. If you’re attempting to negotiate on a Short Sale home,
understand that your offer will have to be accepted by up to three parties, namely the
owner, lender and investor. All Short Sales lenders require multiple BPO’s and/or
Appraisals and much of the time have a better understanding of market price than you
might think. So typically, what you can expect to pay for Short Sale home is the
appraisal or fair market price. Perhaps not the bargain you anticipated. You’ll have a
far better chance of obtaining that dream home if you position your offer at the market
price point. Some Agents know how to do this and some do not. So make sure your
working with an experienced agent if you really want the home. I’m not saying you
should never negotiate on Short Sales, just recognize the already incredible savings
and don’t miss out on home ownership.
Here’s the month of April numbers:
San Joaquin County on Market
REO’s = 410 (Last month 414)
Short Sales = 592 (Last month 642)
NonShort Sale/REO = 765 (Last month 713)
Stanislaus County on Market
REO’s = 345 (Last month 334)
Short Sales = 498 (Last month 483)
Non Short Sale/REO = 512 (Last month 474)
Home Buyers: The California Tax Credit is here to take over where the Federal Tax
Credit left off! But hurry, because the California Association of Realtors is projecting
that the funds will be depleted by the end of May, based on the average numbers of
Pendings in California. Competition remains strong for desirable and priced right
homes. Make sure your working with a qualified agent that can guide and coach you
through the process. Look for designations like GRI, ABR®, CRS®, SFR®, e-PRO®.
Each of these designations has an important meaning and is an often overlooked
qualification requirement you should have when selecting an agent. For more on
Realtor designations visit http://www.realtor.
org/education/realtor_university/designation .
California Tax Credit Points:
1) Buyers who enter into a binding contact by April 30 have until June 30 to settle on
the purchase.
2) The max credit amount remains $8,000 for first-time homebuyers.
3) Buyers that qualify have not owned a primary residence within the past 3 years.
Investors: Today there were 71 properties in both counties under $50,000 and the
lowest priced single family home (non modular) came in at $24,900 in Modesto. It’s a
2 Bedroom, 1 Bath, 858 Sqft. on .14 Acres. What a steel, but don’t buy this one sight-
unseen!
Homeowners: Good news! You’re now dominating the market. There are more of your
homes on the market than REO’s or Short Sales. Leverage your position in the market
to keep prices on the move in the region.
We’ll see how the market changes next month, with more analysis and opinion.
If you would like more information or would like to work with our team to sell or
purchase your next home, contact us at (209) 444-6610 or e-mail rocky@prucalifornia.
com.
Information obtained from regional listing service and is not guaranteed by Team Hawrysz or Prudential California Realty.
 |  |  |  |  |  |
By Rocky G.H. Hawrysz
Realtor, Broker Associate,
CRS, GRI, e-Pro, ABR, SRES, SFR
Prudential California Realty
6/16/2010 ABOUT THE CURRENT MARKET
As the data indicates:
In May, San Joaquin County active listings increased by 169 homes and
pendings fell by 115 homes. The average listing price fell to $279,000 (-$9,000)
and the sold price increased by $6,000. Months of inventory days to sell a home.
increased by $6,000. Months of inventory
rose to 2.4 from 2.0 months. On average in rose to 2.4 from 2.0 months. On
average in the county, it’s taking approximately 48 days to sell a home.
List Price: Decreasing
Sold Price: Increasing
Demand: Slowing
Supply: Up
Pendings: Down
Days on Market: Flat
In Stanislaus County, active listings increased by 142 homes and pendings fell
by 11 homes. The average price fell to $247,000 (-17,000) and the sold price
increased by $7,000. Months of inventory rose to 2.3 from 1.9 in March. On
average in the county, it’s taking approximately 46 days to sell a home.
List Price: Down significantly
Sales Price: Increasing
Demand: Slowing
Supply: Up
Pendings: Down
Days on Market: Shorter
With inventory on the rise, continued job cuts and the California Tax Credit
potentially coming to an end, we can expect a slowing market. Additionally, the
large up remove buyers from market, when these swing in pending short sale
properties has me a bit concerned. Not only do they will remove buyers from
market, when these fall out or when the buyer lose interest, it will further impact
our already growing than inventory levels. Over the last three months short sale
pendings have more fall than doubled. If supply increases descent.
dramatically due to escrow or agreement
fall out, we may see prices continue there descent.
Here’s the month of May numbers:
San Joaquin County on Market
REO’s = 468 (Last month 410)
Short Sales = 659 (Last month 592)
NonShort Sale/REO = 805 (Last month 765)
Stanislaus County on Market
REO’s = 376 (Last month 345)
Short Sales = 535 (Last month 498)
Non Short Sale/REO = 586 (Last month 512)
Home Buyers: It’s still a great time to buy. Don’t forget in 2005 the average list
price was double what it is today. Also, you just can’t beat these interest rates
right now. Also, make sure your working with a qualified agent that can guide
and coach you through the entire process. Look for designations like GRI, ABR,
CRS, SFR, e-PRO. Each of these designations has an important meaning and
are often overlooked. When you’re in the middle of a contract, you’ll need the best
representation you can get.
Investors: Today there are 71 properties in both counties under $50,000 and the
lowest priced single family home (non modular) came in at $23,500 in Modesto.
It’s a 2-3 Bedroom, 1 Bath, 744 Sqft. on .05 Acres.
Homeowners: You’re still dominating the market. There are more of your homes
on the market than REO’s or Short Sales. Leverage your position in the market to
keep prices on the move in the region.
We’ll see how the market changes next month, with more analysis and opinion.
If you would like more information or would like to work with our team to sell or
purchase your next home, contact us at (209) 444-6610 or e-mail
rocky@prucalifornia.com.
Information obtained from regional listing service and is not guaranteed by Team Hawrysz or Prudential
California Realty.
Realtor, Broker Associate,
CRS, GRI, e-Pro, ABR, SRES, SFR
Prudential California Realty
6/16/2010 ABOUT THE CURRENT MARKET
As the data indicates:
In May, San Joaquin County active listings increased by 169 homes and
pendings fell by 115 homes. The average listing price fell to $279,000 (-$9,000)
and the sold price increased by $6,000. Months of inventory days to sell a home.
increased by $6,000. Months of inventory
rose to 2.4 from 2.0 months. On average in rose to 2.4 from 2.0 months. On
average in the county, it’s taking approximately 48 days to sell a home.
List Price: Decreasing
Sold Price: Increasing
Demand: Slowing
Supply: Up
Pendings: Down
Days on Market: Flat
In Stanislaus County, active listings increased by 142 homes and pendings fell
by 11 homes. The average price fell to $247,000 (-17,000) and the sold price
increased by $7,000. Months of inventory rose to 2.3 from 1.9 in March. On
average in the county, it’s taking approximately 46 days to sell a home.
List Price: Down significantly
Sales Price: Increasing
Demand: Slowing
Supply: Up
Pendings: Down
Days on Market: Shorter
With inventory on the rise, continued job cuts and the California Tax Credit
potentially coming to an end, we can expect a slowing market. Additionally, the
large up remove buyers from market, when these swing in pending short sale
properties has me a bit concerned. Not only do they will remove buyers from
market, when these fall out or when the buyer lose interest, it will further impact
our already growing than inventory levels. Over the last three months short sale
pendings have more fall than doubled. If supply increases descent.
dramatically due to escrow or agreement
fall out, we may see prices continue there descent.
Here’s the month of May numbers:
San Joaquin County on Market
REO’s = 468 (Last month 410)
Short Sales = 659 (Last month 592)
NonShort Sale/REO = 805 (Last month 765)
Stanislaus County on Market
REO’s = 376 (Last month 345)
Short Sales = 535 (Last month 498)
Non Short Sale/REO = 586 (Last month 512)
Home Buyers: It’s still a great time to buy. Don’t forget in 2005 the average list
price was double what it is today. Also, you just can’t beat these interest rates
right now. Also, make sure your working with a qualified agent that can guide
and coach you through the entire process. Look for designations like GRI, ABR,
CRS, SFR, e-PRO. Each of these designations has an important meaning and
are often overlooked. When you’re in the middle of a contract, you’ll need the best
representation you can get.
Investors: Today there are 71 properties in both counties under $50,000 and the
lowest priced single family home (non modular) came in at $23,500 in Modesto.
It’s a 2-3 Bedroom, 1 Bath, 744 Sqft. on .05 Acres.
Homeowners: You’re still dominating the market. There are more of your homes
on the market than REO’s or Short Sales. Leverage your position in the market to
keep prices on the move in the region.
We’ll see how the market changes next month, with more analysis and opinion.
If you would like more information or would like to work with our team to sell or
purchase your next home, contact us at (209) 444-6610 or e-mail
rocky@prucalifornia.com.
Information obtained from regional listing service and is not guaranteed by Team Hawrysz or Prudential
California Realty.
By Rocky G.H. Hawrysz
Realtor, Broker Associate,
CRS, GRI, ABR, SRES, SFR, e-PRO, FACS
Prudential California Realty
7/18/2010 ABOUT THE
CURRENT MARKET
As the data indicates:
In June, San Joaquin County active listings
increased by 173 homes and pendings increased
by 319 homes. The average listing price fell to
$277,000 (-$2,000) and the sold price decreased by
$4,000. Months of inventory rose to 2.4 from 2.3.
On average in the county, it’s taking approximately
49 days to sell a home.
List Price: -0.7%
Sold Price: -2.1%
Supply: +9.0%
Pendings: +34%
Days on Market: +2.1%
In June, Stanislaus County active listings increased
by 50 homes and pendings increased 333 homes.
The average price increased to $250,000 (+3,000)
and the sold price increased by $1,000. Months of
inventory was flat at 2.3. On average in the county,
it’s taking approximately 56 days to sell a home.
List Price: +1.2%
Sold Price: +0.6%
Supply: +3.4%
Pendings: +46%
Days on Market: +21.7%
Pendings rose significantly during the month of
June and more than enough to keep pace with the
recent increase in inventory. It was pleasing to see
“Active Pendings” increase significantly; not just
“Short Sale Contingents.” Another positive sign
was the slight increase in price in Stanislaus
County. As mentioned last month, “Days on
Market” is increasing and inventory is continuing to
rise, however the significant increase in pendings
are a fresh reminder that buyers are still very
active in this market.
Here’s the month of June numbers:
San Joaquin County on Market
REO’s = 494 (Last month 468)
Short Sales = 703 (Last month 659)
NonShort Sale/REO = 910 (Last month 805)
Stanislaus County on Market
REO’s = 358 (Last month 376)
Short Sales = 584 (Last month 535)
Non Short Sale/REO = 605 (Last month 586)
Home Buyers: All I can say is “Interest Rate.” In
August 2008 the interest rate was at 6.5% and
today we’re at a 4.5%. At 6.5% a $100,000 loan
would cost you $632.00 per month and today that
same loan will cost you $506.00 per month. It’s a
fantastic time to buy and don’t forget in 2005 the
average list price was double what it is today. All
the planets are in alignment for you, so take
advantage of this market while you can. As
mentioned last month, look for those designations
(GRI, ABR, CRS, SFR, e-PRO) and get yourself a
great Realtor. Each of these designations has an
important meaning and are often overlooked.
When you’re in the middle of a contract, you’ll need
the best representation you can get.
Investors: Today there are 32 properties in both
counties under $50,000. This is down from 71 last
month. The lowest priced single family home (non
modular) came in at $19,900 in Modesto. It’s a 3
Bed, 1 Bath, 816Sqft. on a whopping .22 Acres.
Keep a close eye on the number of properties
below $50,000. We haven’t seen a large decrease
like this in a very long time.
Homeowners: You’re still dominating the market.
There are more of your homes on the market than
REO’s or Short Sales. Leverage your position in the
market to keep prices on the move in the region. If
you’re planning to sell, you should also make sure
you working with the best. Selecting a
credentialed agent also provides you with
assurances that the agent knows what they're
doing. For example, when in court, wouldn’t you
want the best attorney? When having surgery,
wouldn’t you want the best doctor? Don’t settle!
Look for, at a minimum the CRS along with the GRI
designations.
We’ll see how the market changes next month,
with more analysis and opinion.
If you would like more information or would like to
work with our team to sell or purchase your next
home, contact us at (209) 444-6610 or e-mail
rocky@prucalifornia.com.
Information obtained from regional listing service and is not guaranteed by
Team Hawrysz or Prudential California Realty.
Realtor, Broker Associate,
CRS, GRI, ABR, SRES, SFR, e-PRO, FACS
Prudential California Realty
7/18/2010 ABOUT THE
CURRENT MARKET
As the data indicates:
In June, San Joaquin County active listings
increased by 173 homes and pendings increased
by 319 homes. The average listing price fell to
$277,000 (-$2,000) and the sold price decreased by
$4,000. Months of inventory rose to 2.4 from 2.3.
On average in the county, it’s taking approximately
49 days to sell a home.
List Price: -0.7%
Sold Price: -2.1%
Supply: +9.0%
Pendings: +34%
Days on Market: +2.1%
In June, Stanislaus County active listings increased
by 50 homes and pendings increased 333 homes.
The average price increased to $250,000 (+3,000)
and the sold price increased by $1,000. Months of
inventory was flat at 2.3. On average in the county,
it’s taking approximately 56 days to sell a home.
List Price: +1.2%
Sold Price: +0.6%
Supply: +3.4%
Pendings: +46%
Days on Market: +21.7%
Pendings rose significantly during the month of
June and more than enough to keep pace with the
recent increase in inventory. It was pleasing to see
“Active Pendings” increase significantly; not just
“Short Sale Contingents.” Another positive sign
was the slight increase in price in Stanislaus
County. As mentioned last month, “Days on
Market” is increasing and inventory is continuing to
rise, however the significant increase in pendings
are a fresh reminder that buyers are still very
active in this market.
Here’s the month of June numbers:
San Joaquin County on Market
REO’s = 494 (Last month 468)
Short Sales = 703 (Last month 659)
NonShort Sale/REO = 910 (Last month 805)
Stanislaus County on Market
REO’s = 358 (Last month 376)
Short Sales = 584 (Last month 535)
Non Short Sale/REO = 605 (Last month 586)
Home Buyers: All I can say is “Interest Rate.” In
August 2008 the interest rate was at 6.5% and
today we’re at a 4.5%. At 6.5% a $100,000 loan
would cost you $632.00 per month and today that
same loan will cost you $506.00 per month. It’s a
fantastic time to buy and don’t forget in 2005 the
average list price was double what it is today. All
the planets are in alignment for you, so take
advantage of this market while you can. As
mentioned last month, look for those designations
(GRI, ABR, CRS, SFR, e-PRO) and get yourself a
great Realtor. Each of these designations has an
important meaning and are often overlooked.
When you’re in the middle of a contract, you’ll need
the best representation you can get.
Investors: Today there are 32 properties in both
counties under $50,000. This is down from 71 last
month. The lowest priced single family home (non
modular) came in at $19,900 in Modesto. It’s a 3
Bed, 1 Bath, 816Sqft. on a whopping .22 Acres.
Keep a close eye on the number of properties
below $50,000. We haven’t seen a large decrease
like this in a very long time.
Homeowners: You’re still dominating the market.
There are more of your homes on the market than
REO’s or Short Sales. Leverage your position in the
market to keep prices on the move in the region. If
you’re planning to sell, you should also make sure
you working with the best. Selecting a
credentialed agent also provides you with
assurances that the agent knows what they're
doing. For example, when in court, wouldn’t you
want the best attorney? When having surgery,
wouldn’t you want the best doctor? Don’t settle!
Look for, at a minimum the CRS along with the GRI
designations.
We’ll see how the market changes next month,
with more analysis and opinion.
If you would like more information or would like to
work with our team to sell or purchase your next
home, contact us at (209) 444-6610 or e-mail
rocky@prucalifornia.com.
Information obtained from regional listing service and is not guaranteed by
Team Hawrysz or Prudential California Realty.
