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Stockton CA Real Estate Market Trends July 2017

Stockton Ca: The traditionally strong summer real estate activity here in Stockton CA has not disappointed so far this 2017.  Over the last two months of May and June, Stockton has seen an increase in the number of newly listed homes.  A welcomed site for home buyers in Stockton as the prior to May there were 7 straight months of declining newly listed homes for sale.

[ Search Stockton Homes ] [ See Zip Code Trends ]

In June, we saw 466 new homes listed for sale in Stockton, an increase of nearly 10% from May's 424.  However, this was a slight decline of .9% from June 2016.

 

Homes in Stockton CA continue to be selling quickly, comparatively to historical metrics.  Last month on average, homes in Stockton went "pending" in just 34 days. This is also a declining figure as you can see in the chart below. And many, in some of Stockton's most desirable areas, sell in less than a couple of weeks.

 

Wow.  The average price per square foot in Stockton just continues to slowly rise.  In nice stat for homeowners.  At an average of $169 per sq foot, this is an increase of 11.2% from this month one year ago.  2 years ago, the average price per square foot in Stockton Ca was at an average of $137.  That is and increase of 23.4% since that time.

 

For more information about your neighborhood real estate date or for a detailed value of your home, please call Stockton Realtor David McKeever @ 209.483.6523 or email him at mckeeverrealestate@gmail.com

Stockton CA Real Estate Market Trends May 2017

April 2017 continued to favor the Seller's! The number of for sale listings was down 5.5% from one year earlier and down 8.5% from the previous month.

The number of pending sales were up 10.9% compared to the previous month and up 10.3% compared to the previous year. The Months of Inventory based on Closed Sales is 1.5, down 6.4% from the previous year.

The Average Sold Price per Square Footage in Stockton Ca was up 1.2% compared to the previous month and up 12.4% compared to last year. The Median Sold Price increased by 4.8% from last month.   The Average Sold Price per Square Footage is a great indicator for the
direction of property values.

The Average Days on Market showed a neutral trend, a decrease of 19% compared to the previous year. The average Days on Market (DOM) shows how many days the
average property is on the market before it sells.

Is Your Home Worth as Much as You think?

 Vlog #6 - Is Your Home Worth as Much as You think?

We look at the recent Home Price Perception index report from quicken home loans which evaluates home sellers expected values of their home vs the appraised value?

The gap between appraiser and homeowner opinions of home value increased in April as homeowners overestimated the value of their homes by 0.69%. Meanwhile, home values bounced back, increasing by 0.28% in April following a March decrease in prices.

To have success and to sell your home in a reasonable time frame, it’s important for homeowners in the market to have an accurate expectation of home value.
 



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