The Blog: Stockton Real Estate date

Real Estate Market Update for June 2019 - Stockton CA

David McKeever & Richard Hundley, Real Estate Brokers in Stockton Ca cover the latest housing market trends in Stockton Ca for the month of June 2019.

 

Brokers with Advance 1 McKeever Real Estate in Stockton, we closely track the housing market and its activity. Stockton reached a new high last month in June as the median SOLD price hit $325,000. This is an 8% increase vs 1 year ago where the median sold price was $300,000. This is great news for current homeowners who have seen significant gains in home equity in the last few years.

New listings and pending sells were stagnate in June, while the number of homes that sold dropped slightly. This could be due to the average asking price in Stockton, which continues to climb.  As you can see in the chart below, the number of pending sales in Stockton was 337 vs 335 a month before.  The sold homes in Stockton dipped slightly to 297 vs 317 the prior month.  This however, is more than we saw last summer in 2018.  

Home owners seem to be trying to take advantage of the recent sellers market and are pricing their homes aggressively.  The Average asking price for homes in Stockton in June 2019 was $393,000

Home buyers could be putting on the breaks as the asking prices have gone up in the previous three months before dipping in June.

For more information about your neighborhood or homes value, contact David Mckeever:

mobile: 209.483.6523
email: mckeeverrealestate@gmail.com
web: mckeeverrealestate.com

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.



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