The Blog: Stockton Ca

Stockton Real Estate Market Update - June 2018

Stockton CA:

Is the Stockton housing market showing signs of a correction?  Is another crash coming?  Is there a bubble?  These are questions we've been getting lately because of the amount of appreciation we've seen in the recent years.  In our monthly market update video below, we answer this question and many more.

 
 

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Here is the most recent housing data for the City of Stockton for June 2018.

Sales are down in 2018

SOLD HOMES:  279 June 2018 vs. 358 June 2017

PRICING STRATEGY for 2018

It is a different market this year.  Pricing the home correctly is more critical than ever to ensure a quick sale.  Last year we were able to price home 5% over the market and have great response with showing requests and often times immediate offers. 
So far, this year is different.  In order to sell your home quick, pricing your home right at or just below fair market value is the best strategy in the 2018 market.  There are still buyers in today's market.  However, with the rise in Stockton home prices, they are starting to get a little picky.  Pricing your home in an attractive manner is the smartest strategy this summer.

 

 

New Listings:  549 June 2018 vs. 466 June 2017
Pending Sales: 340 June 2018 vs. 299 June 2017

FYI.  Currently there are only 7 Foreclosures(REO's) for sale in Stockton and only 11 Short Sales.

The Stockton CA median home price has risen to and average of $300,000.  This time last year the average median price was $270,000.  This is a 11.1% increase in the past 12 months.

Search Stockton Homes for Sale

 

 

Stockton Real Estate Market Update - May 2018

Stockton CA: David McKeever with McKeever Real Estate and Richard Hundley of Advance 1 Real Estate, Stockton Real Estate brokers, cover the most recent Stockton CA real estate housing indicators.  

Below they speak about the number of newly listed homes in Stockton, pending sales, Average price per sq foot, and the average amount a days it takes to sell a home in Stockton in todays dynamic real estate market.


 

New Listings & Pending Sales:

The chart below shows the total number of Stockton ca homes sold, pending and listed past 6 months.  Both new listings & pending sales in Stockton were up 21% in May vs the previous month.  That is a significant increase in the amount of homes for sale.  For those home buyers who have had a hard time finding just the right home, this is good news.  More homes coming on the market will help even out this one sided real estate market.


Median SOLD PRICE
Here is the chart showing the MEDIAN sold price for Stockton CA homes. The Stockton median price for sold homes finished in May 2018 $295,000.

Price Per Sq Foot

May was a great month for home owners in Stockton.  Their was a 3.8% jump in the average price per square foot in Stockton CA homes.  

For more information about your specific home, it's estimated value or what the trends look like in your neighborhood, contact Real Estate broker, David McKeever for a free estimate.
209.483.6523
mckeeverrealestate@gmail.com

 

 

Stockton Real Estate Market Update - April 2018

Stockton CA: The Stockton real estate market can be described in one word: HYPERACTIVE!    We had an increase in new listing in the month of April, up to 424!  But, it seems, as soon as new homes come up for sale in Stockton, they are quickly under contract.  Pending Sales also spiked up with 330 pending sales in April 2018.

 

 

The number of days on market is declining as well.  Last month, the amount of days on market dropped to 38 days on market and homes are still selling for 99% of their listed price. 

Keep in mind, these statistics are for the entire city of Stockton as a whole.  Your zip code, neighborhood and home trends could be different, and mostly will be different.  If you would like to know where your home falls with these figures please reach out to me.  David McKeever, Stockton Broker, 209.483.6523

 

 



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