The Blog: Stockton Ca

Stockton Real Estate Market Update - March 2018

Stockton CA:  The Stockton real estate market had some interesting changes in March of 2018.  Take a look at our market update video and the updated market charts below for the city of Stockton CA.

 

New Listings:  There were 381 new homes listed in March of 2018.  A slight increase from February.  However, in March of 2017 there were 452 newly listed homes, so it is still down significantly from 1 year ago. 

Pending Sales:  There was a spike in Pending sales.  333 Homes went pending in March on 2018 in Stockton CA.  

With this amount of pending sales, our months on inventory dropped even further to 1.1 months of inventory. This is a new 12 month low!

This lack of housing supply in the past 12 months has caused prices to peak.  Look below and you will see that the MEDIAN sold price reached $300,000 for the first time in years.  A great sign for Stockton CA homeowners!

See more of our local Stockton, Lodi or other cities housing market trends on our Trends Page.

If you want to look at the housing data of a specific zip code, see them here, Trends Page.

The Stockton Monthly Market Housing Trends Update - January 2018

Stockton CA: The sellers market trend continues.  In our monthly market video below, we discuss the Stockton Ca housing market statistics from the month of January 2018.  This data is released in the month after and it can help show the future of the the housing market.

In January, their were only 351 NEW Listings in Stockton.  This lack of new listings is one of the fewest i've seen in years.  At the same time, there were 287 homes that went pending, leaving the amount of Active homes for sale in Stockton at just 361, as of this writing on February 15th, 2018.

 

Days on Market changes.  As you can see, the time it takes for a Stockton homes for sale to go 'pending' is at 37 days in Jan, 2018. 

 

 

Take a look at the Stockton and Lodi market housing trends in your neighborhood.

Housing in Stockton Ca Shines for Homeowners in 2017

The 2017 Stockton CA housing market rewarded homeowners who made purchases in the year or years prior.  The housing market continues to be a positive economic trend in and around the San Joaquin valley.  

How did your home do in 2017?  Scroll below to see the percentage increase for your specific Stockton zip code.

 

2017 Stockton CA Year End Market Stats

Average Price Increase: 16.2 %
Median Price Increase: 8%

Average Sold Price
Dec 2016: $260,000
Dec 2017: $302,000

Total Number of New Stockton Listings:

Dec 2016: 4380
Dec 2017: 4274

Total Number of Sold Stockton Homes:

Dec 2016: 3405
Dec 2017: 3459

Stockton CA
Avg. Sold Price & Gain
Zip Code 2016 2017 % Gain
95203 $206,000 $246,000 19.4%
95204 $227,000 $243,000 7.0%
95206 $217,000 $269,000 24.0%
95207 $263,000 $297,000 12.9%
95209 $302,000 $343,000 13.6%
95210 $216,000 $237,000 9.7%
95212 $386,000 $442,000 14.5%
95215 $250,000 $282,000 12.8%
95219 $386,000 $421,000 9.1%
       
       
San Joaquin County - Median  Price Solds
Dec 2016 vs Dec 2017
City 2016 2017 % Gain
Stockton $250,000 $270,000 8.00%
Lodi $305,000 $344,000 12.80%
Manteca $355,000 $393,000 10.70%
Lathrop $338,000 $400,000 18.30%

 

 

San Joaquin County Housing Numbers

In December of 2016, the average home sold price was $338,000 in San Joaquin county.  Ending the year in December of 2017, the Average sold price in the county was $367,000.  That is an 8% increase from the year before.

 

The days on market trend, the time it takes for the home to sell, was a relatively stable in 2017.  In December of 2016 the days on market was 48 and ended last year at 36 days.  Although as you can see in the chart below there were many months were the days on market was in the low to mid 30's.

 

For a complete market summary report on your specific zip code, contact David at mckeeverrealestate@gmail.com or text him at 209.483.6523



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