San Joaquin County home sales reached a nine-year high in the first six months of the year, RealtyTrac Inc. reported Thursday.
The real estate data firm tallied 3,377 single-family home and condominium sales in the first half of the year, up from less than 3,000 in the same period of 2014. That was the highest number since 2006 when the county recorded 3,978 home sales from January through June.
San Joaquin County’s first-half sales high came in January through June of 2005, at the peak of the housing boom, when 6,159 residences were sold.
Home sales trends in San Joaquin County are similar to those in the nation as a whole, said Daren Blomquist, RealtyTrac vice president.
As far as sales volume, he noted, “That’s actually a bit ahead of the national trend, which is at an eight-year high.”
He also compared San Joaquin County — known demographically as the Stockton metropolitan area — in the share of cash sales, a measure of investor vs. resident home buyers.
“Stockton is moving in a similar direction and actually has a lower percentage of cash sales than the nation,” Blomquist said.
Nearly 23 percent of U.S. home and condo sales in July were all cash. In San Joaquin County, cash buyers accounted for 19 percent of sales in July, down from 21 percent in the same month a year ago.
“The combination there of lower cash sales, but higher overall sales volume, is a good combination that shows the market is not just relying on investors and other cash buyers,” Blomquist said.
Nationally, RealtyTrac counted 1.34 million homes and condos sold in the first six months of the year, the highest number of first half sales since 2007.
The U.S. median home sales price in July was $189,500, up 2 percent both from June and July 2014, reaching the highest level since September 2008.
“While the stock market may be on a roller coaster as of late, the housing market is still on solid ground,” Blomquist said. [Read More]
From The Stockton Record, By Reed Fujii, Record Staff Writer
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Posted by Dave Thurman under General
Tiger Woods’ season came to an abrupt end Sunday, but in a year of numerous lows, at the least the American golfer could console himself that he went out on a relative high.
Having missed the cut at three consecutive majors — an unthinkable thought for the greatest golfer of the past two decades — the 39-year-old was just two shots off the lead going into the final round of the Wyndham Championship.
The world number 257 had needed to win the Wyndham Championship to qualify for next week’s FedExCup Playoffs, but a triple bogey at the 11th and a bogey at the 12th ultimately proved costly.
“I gave myself a chance and I had all the opportunity in the world today to do it,” Woods told the PGA’s official website after his final-round even-par 70. “I didn’t get it done.
“(I’ve) got lots of soccer games and practice to go to, so I’ll be doing that and just working out, training and trying to get more fit.” Source: (CNN) [Read More]
Real Property Report – California, July 2015 Summer Sales Cool Off Home Sales Decline 4 Percent in July Median Home Prices Unchanged from June, Highest Since November 2007 CALIFORNIA, AUGUST 19, 2015 — but were up 10.6 percent from 37,196 in July 2014. Driving the increase in year-over-year sales was the 14.2 percent increase in non-distressed property sales. Meanwhile, distressed sales retreated 6.6 percent. Despite the July pullback, distressed sales have trended mostly sideways for the past 18 months and remain a source of opportunity. “After a better than expected showing in June, California real estate sales took a breather… [Read More]
Please feel free to contact me if you are planning to purchase a home or an investment property in the Stockton, Manteca and Lodi areas of northern California. Get access to “The Hottest New Listings” before they’re advertised.