Posted on September 25, 2018 - 10:43 AM
by David McKeever
Stockton CA: David McKeever, Broker with McKeever Real Estate in Stockton, and Richard Hundley, Broker cover the latest real estate housing trends for the city of Stockton CA.
The amount of new listings in Stockton Ca rose 15.9% in August 2018 vs July 2018. There were 677 newly listed homes. There were 369 pending homes, which was a 37% change vs July 2018. The big difference could have been due to the lackluster June and July months being so inactive.
The average asking price and average sold price trends in Stockton CA are showing a NEUTRAL trend Stockton.
DOM: The days on market trend went up to 33 days vs 24 in July 2018.
Posted on July 13, 2018 - 11:03 AM
by David McKeever
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.
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.
Posted on June 13, 2018 - 05:10 PM
by David McKeever
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.
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