Posts Tagged ‘Trulia’

How are property values doing in the Tracy/Central Valley area?

David Ormonde’s Real Estate and Dinner Blog for the Central Valley and Tracy

Contrary to popular beleif, the average price per square foot for Tracy CA dropped - Currently at $119, a decrease of 1.7% compared to the same period last year. The median sales price for homes in Tracy CA for Dec 09 to Feb 10 was $234,000 based on 630 home sales. Compared to the same period one year ago, the median home sales price increased 0.4%, or $1,000, and the number of home sales decreased 27.5%.

There are approximately 286 resale and new homes in Tracy, including 1,095 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Tracy CA was $302,839 for the week ending Mar 10, which represents a decrease of 0.9%, or $2,738, compared to the prior week.

Here is what that looks like graphically according to Trulia:

Market View for Tracy

Avg. Listing Price $302,839 Wk ending Mar 10
-$2,738 0.9% median Sales Price $234,000 Dec ‘09 – Feb ‘10
+$1,000 +0.4% y-o-y
$218,163
+21.6%
$302,719
+20.4%
$266,240
-19.5%
$207,923
-15.4%
$190,183
+8.5%
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