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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.

See How We Helped This Home Get 12 Offers!

Stockton CA: 
 

See how we helped this home for sale in Stockton CA receive 12 offers within the 1st week of being on the market!

David McKeever, Stockton real estate broker, shares the before & after of one of his recent homes, 7406 Rosewood Drive Stockton, which is for sale in Stockton Ca.

Who you hire truly matters!

This home is being sold by a family who recently lost their dad. David helped the family prepare the home for sale to achieve its highest possible resale price without spending a ton of money. Some of the recommendations we made to the family in order freshen up the home and make it feel more welcoming were: paint the inside of most of the home, remove old carpeting to showcase the hardwood flooring underneath, remove and install more updated light fixtures.

We utilized many of the furniture in the home for staging while asking them to remove the unneeded pieces. Watch the transformation of this home and the fantastic results we had.

After 7 days on the market, this home had 12 offers and is anticipated to close $20,000 over the asking price!

For a free consultation from David on the best improvements you can make to increase the sales price of your home call or text David at (209)483-6523

 

Real Estate Market Update for April 2019 - Stockton CA

The anticipated Spring real estate market has SPRUNG.  Pending home sales in Stockton Ca spiked in April to 385 vs 306 the previous month. Home buyers in Stockton are capitalizing on the lower than expected interest rates and have jumped back into buying mode.  

Meanwhile, newly listed homes for sale remain neutral. Just 489 newly listed homes came on the market in Stockton, similar to the 486 the previous month.  Given the lack of new homes for sale in Stockton, the Stockton market has shifted once again into a SELLERS market.
 

[ Search Stockton Homes For Sale ]

 

Homes in Stockton have been selling faster.  IN April of 2019, homes averaged just 39 days on the market vs the previous month of 43 and 53 days in February.  Additionally, homes are selling for more money.  Stockton homes on average are selling 98% of the list price, up from 97% one month ago.

Request the Value of Your Home ]

The average home for sale in Stockton Ca was priced at $393,000!  An increase from 1 month ago which was at $385,000.  The average home which sold in Stockton was at $312,000.  This trend is a neutral one.  Given the amount of pending sales and lack on new homes, I anticipate the SOLD trend price to slowly climb in the coming months.

 

 

 



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