The Blog: Stockton Realtor

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

 

 

CVAR Master Club Award Winner

David McKeever and Yolanda Salazar of McKeever Real Estate were recently recognized by the Central Valley Assoc. of Realtors as a 2017 Masters Club Award recipients. This is the second consecutive year which Yolanda has won the award, and 3rd consecutive year which David has won the masters club award.

The Masters Club Award is given to top - producing real estate agents who meet the minimum requirements of production and sales as determined by the Central Valley assoc. of Realtors.  

Yolanda and David pictured her in the 2017 Award luncheon.

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.



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