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There are lots of Great Values in Today's Local Real Estate Market and I would love to help you find them. Email me your request for an updated list of Bank Owned Properties. bella@coldwellbanker.com
»Take advantage of City of Turlock First Time Homebuyers's Program.
»Click at the link to see Qualification Requirements http://www.ci.turlock.ca.us/citydepartments/housingprogramservices/
News That You Can Use!
7/1/08:
Economic News:
- Unemployment claims stayed at 384,000 for the week ending 6/21/08, making no change from the previous week.
- Median sales prices fell to $215,000 in Stanislaus County, which was $10,000 lower than in April and 36.6 percent below May 2007, according to DataQuick Information Systems.
o But the number of existing homes sold soared by more than 89 percent this May compared with a year ago.
o Blame foreclosed houses for both the price drop and the sales spike.
o While low-priced existing homes are selling well, new houses are hardly selling at all. Only 68 new homes sold during May throughout Stanislaus County, which was a drop of nearly 45 percent compared with 2007.
| This Week In Turlock Real Estate |
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7/1 |
6/24 |
6/17 |
6/10 |
| Active Listings (Turlock) |
388 |
393 |
393 |
396 |
| |
|
|
|
|
| Pending Listings (Turlock) |
171 |
171 |
168 |
178 |
| Total |
559 |
564 |
561 |
574 |
| |
|
|
|
|
| Mortgage Rates |
|
|
|
|
| 30 Year |
6.24% |
6.31% |
6.33% |
6.15% |
| 5/1 ARM |
5.65% |
6.03% |
6.13% |
5.53% |
| FHA/VA |
6.40% |
|
|
|
| New FNMA Jumbo |
6.28% |
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| |
|
|
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| |
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|
|
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| Year to Date Home Sales (Turlock) |
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| 2008 |
344 |
325 |
309 |
284 |
| |
|
|
|
|
| 2007 |
279 |
256 |
248 |
239 |
| |
|
|
|
|
| % Increase |
23.3% |
27.0% |
24.6% |
18.8% |
| Median Sales Prices |
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|
|
|
| 2006-07 (6 months YTD) |
$ 239,000 |
$ 240,000 |
$ 240,000 |
$ 242,000 |
| |
|
|
|
|
| 2005-06 (6 months YTD) |
$ 329,080 |
$ 325,000 |
$ 325,000 |
$ 325,000 |
| |
|
|
|
|
| % Increase |
-27.4% |
-26.2% |
-26.2% |
-25.5% |
|
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|
|
|
|
|
|
|
|
| |
10/30 |
10/23 |
10/16 |
10/9 |
| Active Listings (Turlock) |
444 |
464 |
468 |
481 |
| |
|
|
|
|
| Pending Listings (Turlock) |
67 |
62 |
54 |
57 |
| Total |
511 |
526 |
522 |
538 |
| |
|
|
|
|
| Mortgage Rates |
|
|
|
|
| 30 Year |
6.14% |
6.18% |
6.37% |
6.37% |
| |
|
|
|
|
| 15 Year |
5.91% |
5.94% |
6.14% |
|
| |
|
|
|
|
| 5/1 ARM |
5.69% |
5.64% |
5.95% |
|
| |
|
|
|
|
| Year to Date Home Sales (Turlock) |
|
|
|
|
| 2007 |
441 |
433 |
425 |
412 |
| |
|
|
|
|
| 2006 |
513 |
504 |
492 |
483 |
| |
|
|
|
|
| % Increase |
-14.0% |
-14.1% |
-13.6% |
-14.7% |
| Median Sales Prices |
|
|
|
|
| 2006-07 (6 months YTD) |
$ 315,000 |
$ 317,500 |
$ 320,000 |
$ 324,000 |
| |
|
|
|
|
| 2005-06 (6 months YTD) |
$ 345,000 |
$ 346,250 |
$ 345,250 |
$ 346,250 |
| |
|
|
|
|
| % Increase |
-8.7% |
-8.3% |
-7.3% |
-6.4% |
|
|
|
|
|
|
|
|
|
| |
9/18 |
9/11 |
9/4 |
8/28 |
|
| Active Listings (Turlock) |
500 |
496 |
493 |
504 |
|
| |
|
|
|
|
|
| Pending Listings (Turlock) |
56 |
59 |
58 |
71 |
|
| Total |
556 |
555 |
551 |
575 |
|
| |
|
|
|
|
|
| Mortgage Rates |
|
|
|
|
|
| 30 Year |
6.30% |
6.18% |
6.33% |
6.38% |
|
| |
|
|
|
|
|
| 15 Year |
6.10% |
5.99% |
|
6.22% |
|
| |
|
|
|
|
|
| 5/1 ARM |
6.10% |
6.17% |
6.38% |
6.57% |
|
| |
|
|
|
|
|
| Year to Date Home Sales (Turlock) |
|
|
|
|
|
| 2007 |
381 |
376 |
370 |
353 |
|
| |
|
|
|
|
|
| 2006 |
447 |
430 |
423 |
405 |
|
| |
|
|
|
|
|
| % Increase |
-14.8% |
-12.6% |
-12.5% |
-12.8% |
|
| Median Sales Prices |
|
|
|
|
|
| 2006-07 (6 months YTD) |
$ 325,000 |
$ 325,000 |
$ 325,000 |
$ 325,000 |
|
| |
|
|
|
|
|
| 2005-06 (6 months YTD) |
$ 350,000 |
$ 349,950 |
$ 350,000 |
$ 355,000 |
|
| |
|
|
|
|
|
| % Increase |
-7.1% |
-7.1% |
-7.1% |
-8.5% |
| |
|
|
|
|
|
| |
9/4 |
8/28 |
8/21 |
8/14 |
| Active Listings (Turlock) |
493 |
504 |
517 |
523 |
| |
|
|
|
|
| Pending Listings (Turlock) |
58 |
71 |
72 |
74 |
| Total |
551 |
575 |
589 |
597 |
| |
|
|
|
|
| Mortgage Rates |
|
|
|
|
| 30 Year |
6.33% |
6.38% |
6.44% |
6.62% |
| |
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&nb | |