What are prices doing in the Tracy/Central Valley area?
Sunday, May 16, 2010
With interest rates at 30 year lows and inventory in Tracy alone down by almost 70% from just a few years ago, why aren’t prices moving up? Actually, to be more accurate, why have prices slipped recently after gaining over last year.
According to Trulia, the median sales price for homes in Tracy CA for Feb 10 to Apr 10 was $228,000. This represents a decline of 2.9%, or $6,872, compared to the prior quarter and an increase of 4.4% compared to the prior year. Sales prices have depreciated 55.7% over the last 5 years in Tracy.
The average listing price for Tracy homes for sale on Trulia was $297,940 for the week ending May 12, which represents a decline of 0.2%, or $538, compared to the prior week and an increase of 2.6%, or $7,463, compared to the week ending Apr 21. Average price per square foot for Tracy CA was $119, an increase of 2.6% compared to the same period last year.
It looks like it just might be the right time to buy. Here is the overall picture for the real estate market in Tracy, California.
The median sales price for homes in Tracy CA for Feb 10 to Apr 10 was $228,000. This represents a decline of 2.9%, or $6,872, compared to the prior quarter and an increase of 4.4% compared to the prior year. Sales prices have depreciated 55.7% over the last 5 years in Tracy.
The average listing price for Tracy homes for sale on Trulia was $297,940 for the week ending May 12, which represents a decline of 0.2%, or $538, compared to the prior week and an increase of 2.6%, or $7,463, compared to the week ending Apr 21. Average price per square foot for Tracy CA was $119, an increase of 2.6% compared to the same period last year.
The median sales price for homes in Tracy CA for Feb 10 to Apr 10 was $228,000. This represents a decline of 2.9%, or $6,872, compared to the prior quarter and an increase of 4.4% compared to the prior year. Sales prices have depreciated 55.7% over the last 5 years in Tracy.
The average listing price for Tracy homes for sale on Trulia was $297,940 for the week ending May 12, which represents a decline of 0.2%, or $538, compared to the prior week and an increase of 2.6%, or $7,463, compared to the week ending Apr 21. Average price per square foot for Tracy CA was $119, an increase of 2.6% compared to the same period last year.
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