The Blog: stockton Ca

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.

2018's TOP 10 Most Expensive Sold Home in Stockton CA

Stockton, CA:

In 2018, of 7 of the top 10 most expensive sold homes were found in the Brookside Country Club neighborhood.  The remaining three homes were sold in the east side of Stockton, where the homes were built upon multiple acres of land.

 

THE NUMBERS:

  • 7 of 10 sold homes were in Stockton's Brookside community
  • All 10 homes sold for over $1,000,000
  • The average square footage was 4,374
  • The average price was $1,502,050

Search Stockton Luxury Homes

  • The largest home was 6,680 square feet
  • The large lot size was 19.760 acres
  • The most number of bathrooms was 7

Considering a move in the near future?  Have questions about selling your home? Contact #1 voted agent*, David McKeever at (209)483-6523

* David was voted "Best Realtor" in the Best of San Joaquin Award in the years 2017 and 2018.

 

Real Estate Market Update - November 2018 Stockton CA

Stockton CA:
Newly listed homes in Stockton CA fell in November after 7 straight months of increase inventory. 660 homes were listed in Stockton in November of 2018 vs 444 in November of 2017. This decrease in newly listed homes mimics last Novembers drop in homes as well.  Both pending sale and sold homes in Stockton also fell.  

Stockton CA Newly Listed Homes, Pending Sales and Sold

The number of days homes are staying on the market increased in November of 2018 in Stockton CA.  This trend was the same in November of 2017.  It's to early to tell whether or not this is a new trend or just a seasonal repeat of years past.  This days on market statistic has been ebbing a flowing for most of 2018.  It is hard to identify a real trend given the chart below.
Stockton CA Days on Market

Stockton home prices have continued to level.  As seen in the chart below, Stockton CA home prices remain in a neutral trend.  I see this trend will continue in the next few months.  It will be interesting to see what happens in the spring and summer months of 2019 with the anticipation on increased interest rates.



Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Join and save your favorite listings, and receive instant updates when listings you like hit the market, all for free!

*Contact Information NOT Shared*


Quick Search


view all


Any

Any

No Min.

No Max.