The Blog: David McKeever

Real Estate Market Update for May 2019 - Stockton CA

Stockton CA:
The summer real estate market is sizzling!  Pending sales in Stockton spike 102% in the month on June vs the previous month which saw 343 homes go pending.  The number of sold homes in Stockton also increased to 304.  We have not seen 300 homes sale in any given month since October 2018.

Download my entire Market Report ]

While the pending and sold homes have had dramatic increases, the number of new listings come on the market have decreased to 519 vs 543 the previous month.  With the number of homes going pending and sold increased and the amount of NEW listings decreasing, it has created a new sellers favored market once again.  

The amount of days a home takes to sale in Stockton CA has decreased to 42 days.  This figure has dropped over the last 4 months, indicating a strong buyer demand in Stockton. 

Contact David to learn your Homes Value ]

The sold home prices in Stockton have continue to rise, reaching $327,000 in May of 2019.  The average sold price has increased the last 3 months.  The $327,000 average sold home price matches the highest amount of 2018 where it hit that mark twice.

Take a look at the average price per square foot in Stockton CA.  Last month, it increase to $195 vs $187 in May 2019.  This is a great leading market indicator for future trends in the Stockton Ca housing market.

See How We Helped This Home Get 12 Offers!

Stockton CA: 
 

See how we helped this home for sale in Stockton CA receive 12 offers within the 1st week of being on the market!

David McKeever, Stockton real estate broker, shares the before & after of one of his recent homes, 7406 Rosewood Drive Stockton, which is for sale in Stockton Ca.

Who you hire truly matters!

This home is being sold by a family who recently lost their dad. David helped the family prepare the home for sale to achieve its highest possible resale price without spending a ton of money. Some of the recommendations we made to the family in order freshen up the home and make it feel more welcoming were: paint the inside of most of the home, remove old carpeting to showcase the hardwood flooring underneath, remove and install more updated light fixtures.

We utilized many of the furniture in the home for staging while asking them to remove the unneeded pieces. Watch the transformation of this home and the fantastic results we had.

After 7 days on the market, this home had 12 offers and is anticipated to close $20,000 over the asking price!

For a free consultation from David on the best improvements you can make to increase the sales price of your home call or text David at (209)483-6523

 

Real Estate Market Update for March 2019 - Stockton CA

Stockton CA:
The number of newly listed homes for sale in Stockton CA fell in March.  There was as light drop to 482 newly listed homes.  The trend that really jumped out the most last month were the number of home that went pending, or under contract.  343 Homes went pending in March, which is quite a spike vs the previous month of 256 homes.

Given the large amount of home that went pending and the lack of number of homes that went on the market, the amount of inventory DECREASED.   Inventory decreased to 1.8 months on homes for sale in Stockton, favoring a sellers market again.

The days on market trend in declining.  The days on market represents ALL homes for sale in Stockton.  Currently, the amount of days it takes on average for a home to go pending is 50.  This number is different in various price points of the market.  For example, homes priced above $400,0000 take on average 63 days to go pending.  Whereas homes under $300,000 take less at 50 days.

If you are looking for more information about your specific homes value or the area you live, don't hesitate to reach out to David McKeever.  Call or text 209.483.6523.  David was named Best Realtor in the Best of San Joaquin Award in 2017 and 2018.



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