News You Can Use – Market Trends in Tracy CA

anrealestatenewsLast month market trend shows that a robust home buying spring season for the Tracy – Mountain House area is in full swing.

Although the number of homes offered for sale have increased, demand remains strong and prices are on the rise.

 

By analyzing the following statistical report for the month of April, we can project an exceptionally strong real estate market for the 2016 summer season.

Active listings: 158

Sold in April: 95 homes

Days on Market before Sold: 24

Listing price verses Sales Price: 100%

Average sales price for this area is $439,932; an increase, compared to last month ($412,361)

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News You Can Use – Market Trends, Tracy, California

anrealestatenews

The following market trend report is for the Tracy-Mountain House area for the month of March:irisfence

Spring has sprung….Tax time is approaching. Real estate market is booming – inventory is still low and so are the interest rates on home loans. Predictions are that interest rates will be on the rise in the upcoming months. Some lenders loosen their requirements a bit – no time restrictions for purchases after bankruptcies, foreclosures or short sales. Please contact me if you would like more details.

As of April 1st we have 151 homes listed for sale. Homes SOLD in the month of March: 107. These homes were actively on the market on an average of 28 days before sold. Average sale price for this area in March was $412,361. Sales price verses list price is 99.6 %; it’s a seller market. This data has been collected from MetrolistMLS records.

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February Market Trends in Tracy, CA

anrealestatenewsWith spring just around the corner in Tracy, Real Estate market is already at full speed. We have a seller’s market: low inventory, normal demand. Homes that are listed are selling close to the listing price. The following statistical report is based on and collected from the MLS (Multiple Listing Service) only. This report does not contain any ownership transfers from any other source.

webheader readyMarketing trend for the month of February, 2016 for Tracy, Rural Tracy and Mountain House areas:

Homes listed as “Active” for sale as of March 1st: 132

Homes SOLD In February: 71 (homes sold in March was 93)

Active Days on the market before sold: 45

List price/Sales price: 98%

Average sales price: $432,330

 

Stat Charts:

Listing Price/Sales Price:lp sp

 

 

 

Day on the Market:dom

 

 

 

About Eva Bradley: My home town is Tracy, Ca. I am serving the Central Valley Region – Lathrop, Manteca, Patterson, Stockton and Modesto since 1999.

ZIP Codes: 95376, 95377 and 95398

Approximate Location Boundaries: Tracy, Mountain House and Rural Tracy

Location Characteristics: Tracy is located in the Central Valley, California and 26 Miles east of the Dublin-Livermore-Pleasanton corridor. Most of Tracy population are commuting to the Silicon Valley to work. Tracy is proud of low crime rates and excellent schools. Summers are hot, winters are foggy. Tracy is doing a great job in attracting big companies to open new facilities, like Amazon and FedEx, giving the opportunity for residents to find higher paying jobs here locally.

Winter Home Selling Tips.

 

6 Tips For Selling Your Home In Winter 2016

Winter can be a harsh, unappealing time of year to sell your home. With 2016 about to rev up, it’s especially important to make your home stand out if you want to sell in the New Year. Here are some essential tips for making your house #1 on the market as the year begins:

#1 Warmth is top priority.

Your home should always be warm when a realtor conducts a walkthrough with buyers. Set a timer on your thermostat so it’s warm when they arrive. Also make sure to check there are no leaks or problems with your ducts and vents, as this could make rooms cold during a walkthrough.

#2 Keep the house bright.

It’s also important to ensure that your home is adequately lit in each room. You want buyers to feel welcome and impressed with the kitchen, bathroom and bedrooms of your home. If a room has dim lighting or a burned-out bulb, it could take away from the overall appeal of the room. You should also consider spending a little extra money to upgrade your lighting fixtures — installing recessed lighting in certain rooms will give your home a little extra “pop.” Standing lamps are also a fantastic, affordable alternative to lighting additions

#3 Try to make your landscape appealing.

Although your yard will be mostly winterized during this time of year, there are several ways to spruce up your cold weather landscaping. Start by clearing your yard of any broken branches or large patches of fallen leaves. It’s also important to ensure that any ice or snow on or near your home’s walkway is removed. If needed, you can hire a weekly snow removal service to keep your home safe for buyer walkthroughs.anhomes

#4 Make the interior cozy.

In addition to keeping your house well-lit and warm, there are other ways to make your home cozy and welcoming to buyers. This includes:

  • Classical music (at a low volume)
  • Homemade treats (candy, cookies)
  • Holiday decorations (tinsel on the mantle, for example)

You want buyers to feel as though they already live in your home when they walk through the door. When you offer them a cozy setting, they will want to spend more time in your home and admire its features.

#5 Keep the fireplace lit.

While you should have the heat on during a walkthrough, another warm and cozy feature is the fireplace. If you’ve got a wood-burning model, this means you’ll need to have coal or wood handy. You don’t want to have multiple showings a day and a fireplace that roars for only half the visitors. This is especially important if the fireplace is close to the entrance (all of that cold air gets in!).

#6 Prepare for any storms.

Make sure there’s an emergency kit on hand in your home in case your home suffers an outage during a winter storm. This should include items like:

  • Extra candles
  • Matches
  • Blankets
  • Car charger
  • Canned food
  • Flashlight
  • Water

While your REALTOR® will be prepared for inclement weather, it’s important that you be prepared to keep everyone safe should the worst happen during a showing. And don’t forget to keep a secondary travel emergency kit to take when you’re leaving for showings as well.

Written by Andrea Davis

 

Tracy Real Estate Trend

anrealestatenewsNews You Can Use!

2015 was a good year for real estate. Home prices increased modestly in some areas, more sharply in others. Tracy real estate market was very good in 2015. Predictions in the real estate industry are that the year 2016 will be even better, although, interest rates on home loans are on the rise.

Speaking of loans: Lenders offering a wide variety of different loan programs. The best news for first time buyers is that FHA loan limits in San Joaquin County have been adjusted upward, which is what we have been waiting for a long time.
The following statistical data is for December 1st to December 31, 2015:
As of January 3rd, 2016, 141 homes are actively listed in the Tracy, Mountain House and in Tracy Rural areas.
In December 2015, 103 homes have been sold. The average SOLD price in December was $426,230 and these homes have been on the market for an average of 43 days.

Listing price versus Sales Price in December was 98% – a slight seasonal decrease in sales price.

Looking back, 2015 was an overall good year for Tracy/Mountain House real estate market: Between January 1st and December 31st, altogether 1401 homes were sold. The average sales price for the year 2015 was $414,463

To compare these to the year 2014: Homes sold: 1167. Average sales price in 2014: $380,217
That is an average, year-to-year increase of home values by 9.1%…can we repeat this in 2016 please? That would be awesome!  Wishing you all a peaceful, healthy, prosperous 2016!

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Data have been collected and interpreted from MetroList Multiple Listing Service.
About Eva Bradley:
My home town is Tracy, Ca. I am serving the Central Valley Region – Lathrop, Manteca, Patterson, Stockton and Modesto since 1999.
ZIP Codes: 95376, 95377, 95398
Approximate Location Boundaries: Tracy, Mountain House, Rural Tracy
Location Characteristics: Tracy is located in the Central Valley, California and 26 Miles East of the Dublin-Livermore-Pleasanton corridor. Most of Tracy population are commuting to the Silicon Valley to work. Tracy is proud of low crime rates and excellent schools. Summers are hot, winters are foggy. Tracy is doing a great job in attracting big companies to open new facilities, like Amazon and FedEx, giving the opportunity for residents to find higher paying jobs here locally.

For More Information:

About Eva Bradley:
My home town is Tracy, Ca. I am serving the Central Valley Region since 1999: Lathrop, Manteca, Patterson,Stockton and Modesto..

Down-Payment Dilemma: Less or More?

houseofmoney2You’d be a homeowner right now if it weren’t for one thing: the down payment. Right? Even for those who have decent credit and make good money, the down payment is often the great homeownership killer.

For many others, who do have enough money set aside to make a substantial down payment, the question is: how much? Conventional wisdom – not to mention most of the banks and a good portion of homebuying and financial experts – will tell you that 20 percent is the standard bearer when it comes to down payments. But is it really necessary to put 20 percent down?

The short answer is: no.

Now for the long answer.

“Raising a 20 percent down payment isn’t an easy thing to do. Fortunately, you don’t have to. “It’s a myth that all homebuyers must have a 20 percent down payment to buy a home,” says Nancy Herrera-Siples, a Riverside, Calif., branch manager at Primary Residential Mortgage on U.S. News. “So why do you constantly hear that you need to put 20 percent down? Because if you don’t, it usually means you’ll have to shell out money for either private mortgage insurance or government insurance, which is usually financed by the Federal Housing Administration (FHA).”

And there’s another rub for those who are already struggling to come up with the minimum down payment: that extra couple of hundred dollars per month feels like a penalty. It’s not, of course – “Mortgage insurance protects the lender in case you can’t make your payments and the house is foreclosed on,” said U.S. News – but that money can make a significant difference for those who are stretching to buy a home.

Still, when your only option to buy is a low down payment, which can mean an FHA loan or one of the new low down payment loans from Freddie Mac and Fannie Mae – “At the end of 2014, the two government-backed companies announced plans to slash down payments from 5% to 3%,” said CNN – PMI might literally be a small price to pay. Especially if swelling rents are making homeownership look more and more promising. Remember that PMI does go away eventually when your loan balance is 80 percent or less of the home’s value. If you’re in an area where homes are rising in value, this could happen sooner than you think.

Still confused about the ins and outs of down payments? Here are a few reasons to go high…or low.

When to make a substantial down payment

  • When you’re looking to keep your monthly payment as low as possible and have cash to spare
  • When you just can’t fathom paying PMI
  • When your goal is to buy a forever home and own it free and clear
  • When you are approaching retirement age and can envision a reverse mortgage sometime down the line
  • When you want to buy your house and pay it off as quickly as possible
  • When the rate is lower with a higher down payment. “The more you put down, the better position you are in for negotiating a lower interest rate with your lender,” said Credit.com. Plus, a “low down payment might affect other loan features, such as…the points, which are upfront interest charges,” said Banking My Way.
  • If you’re worried about being under water. If the market should drop in your area, you run the risk of owing more than your home is worth.

When to go low

  • When you don’t have the funds for a higher down payment and can’t earn or borrow them quickly enough
  • When the rate on your FHA or Fannie or Freddie loan is comparable to that you’d get with a higher down payment
  • When you need to escape a high-rent situation and the monthly payment on a house is lower than what you’re currently paying, even with the PMI factored in
  • When you’re confident your home will appreciate quickly, allowing you to refinance and get rid of PMI quickly
  • When your investments can’t be touched without a penalty or are returning better than the interest rate you’ll get on your home
  • If you have something better to do with the money. “If you bought a $400,000 home, 5% down would be $20,000, while 20% down would be $80,000 – a whopping difference. An immediate need such as a college tuition payment would make the smaller down payment more appealing,” said Banking My Way.
  • When you feel more secure setting money aside for emergencies instead of tying it all up in your house.anpumpkinbatghost

Written by Jaymi Naciri


Wondering About the Value of Your Home? — Call, text or email today to find out! 209-914-0683, eva@evabradley.com. Or visit www.EvaBradleyRealtor.com

Market Trends In Tracy, CA – October, 2015

anrealestatenewsTemperatures cooling off, day light hours shorten, leaves changing colors and falling – all signs of seasonal changes. Fall is here.

Real estate market conditions around Tracy are still good – no signs of seasonal slowing just yet. Mortgage interest rates did not move too much up or down and as it seems, it will stay like this for a foreseeable future.

Her are the statistical numbers for the month of September, 2015:

As of today, 10/01/2015, 225 homes are actively listed homes for sale, combined in Tracy -Tracy Rural and Mountain House area.

In September 109 Homes have been sold. These homes have been on the market on an average of 30 days before they got sold.

The Average SOLD price in September was $423,579. This is slightly higher than it was in the month before.

List price versus Sales price is right around 100%. This means that home sales prices are holding steady.

It is a great time to sell, but at the same time, a great time to buy real estate! It remains to be seen in which direction the real estate market will be heading in the next few months – we will all be facing changes in the industry; buyers, sellers, lenders, realtors and title companies will all be affected by these changes. Contact me if you would like to hear more details!

Data have been collected and interpreted from MetroList Multiple Listing Service.

About Eva Bradley:
My home town is Tracy, Ca. I am serving the Central Valley Region – Lathrop, Manteca, Patterson, Stockton and Modesto since 1999.
ZIP Codes: 95376, 95377, 95398
Approximate Location Boundaries: Tracy, Mountain House, Rural Tracyspookycotteget2

 

 

Tips When Selling Home With Pets

What Sellers Should Know About Pets and Showings

Cigany2 Buyers and their agents need to feel welcome to look at the property at their leisure without danger or distractions. So while you adore your sweet-tempered pit bull rescue, he could turn territorial, barking and growling at potential homebuyers. And it could cost you the opportunity to sell your home.

Think of buyers as guests and work to make them feel comfortable as they consider your home for purchase. If you have a protective dog or one that isn’t well-trained, drop her off at doggie day care when you know your home is going to be shown. Or call a pet sitter on call who can take your pet for a long walk while your home is being shown.

If you must leave the dog at home, don’t expect real estate professionals to handle your dog. They are not dog trainers and should not be expected to risk a dog bite to show your home to buyers. This is where crate-training can be a huge advantage. At least your dog is secured and more inclined to relax while your home is being shown.

What you should not do is leave your dog loose in the backyard. Not only does the buyer not have access to part of the property, but your dog could bark so much that the din drives the buyer out of the house. Also, don’t leave your dog at the neighbor’s. It’s just as bad if the buyer believes a noisy dog lives next door.

Housecats can also repel buyers. Most homes aren’t designed with a convenient place for the litter box, so cat owners do the best they can. Owners get used to the smells of catboxes and fishy foods, which could be offensive to buyers who don’t have cats.

While buyers aren’t afraid of being cat-attacked, cats can still be startling — they appear silently without warning and they jump on furniture and counters. And if you’ve taught your cat to jump on your shoulders, you can imagine what could happen to an unsuspecting buyer.

Exotic pets can be showing-stoppers, too. Birds are gorgeous, but a puffed-up screeching cockatoo can be intimidating and dangerous. Imagine a buyer bringing small children who can’t resist sticking their fingers in the cage and quickly get rewarded with a nasty bite from a very strong beak.

When you’re selling a home, keep in mind that the first two weeks on the market are crucial. That’s the time you want your home to be pristine and move-in ready. You don’t want any noise, smells or stains that could put buyers off.

Sell your home faster and for more money by making your home as inviting and accessible as possible, so that buyers have no barriers to overcome. Accessibility to your home is just as important as price, condition and location. dogandphone

Written by Blanche Evans