Stanislaus County Home Sales 2012 Totals
The sales numbers are in for Stanislaus County Home Sales for 2012. Distressed properties (Bank owned and Short Sales) are still dominating the market.
Here are the 2012 and 2011 Sales Stats for single family homes:
Totals for 2012:
- 6446 Total Sales
- 1875 Bank Owned Sales (29% of all sales)
- 2000 Short Sales (31% of all sales)
- 60% of all sales are distressed property sales
- Median price $142,500
Totals for 2011:
- 7099 Total Sales
- 3286 Bank Owned Sales (46% of all sales)
- 1688 Short Sales (24% of all sales)
- 70% of all sales are distressed property sales
- Median price $135,000
The lowest price home sold in Stanislaus County in 2012 was $12,000.
The highest price home sold in Stanislaus County in2012 was $1,300,000
The average days on the market in 2012 was 51. The average days on the market in 2011 was 60. The average days on the market was dropping fastest in the last half of the year. There was also an increase in the median price of homes sold in Stanislaus County in 2012. The median price rose just over 5% for the year. With the low inventory of available homes and the large number of buyers looking to get into the market that is another trend that should continue.
The percentage of Distressed Properties continues to drop but is still more than half of all homes sold. For the year short sales outpaced bank owned sales. This trend was especially true in the second half of the year and is one that should continue to accelerate.
We have been seeing more traditional sales start to come on the market and also we are seeing more investors buying homes on the court house steps and then reselling (flipping) them. The percentage of Short Sales is still rising and the percentage of Bank Owned sales dropped significantly. But I still think the bottom line is that Stanislaus County Short Sales and Bank Owned homes are not going away any time soon.
With more than half of all single family home sales in Stanislaus County being distressed sales if you are thinking about buying you need an agent that has experience with Distressed Properties. A Stanislaus County Short Sale transaction and a Stanislaus County Bank Owned home sale are not the same thing. You need someone that is experienced with both. Someone that has experienced both short sales and bank owned sales from both sides of the transaction, as the listing agent and as the buyers agent. Some one that knows how to negotiate through the process from beginning to end.
I have that experience. I have represented the banks in listing Bank Owned homes and represented buyers of bank owned homes. I have represented the sellers of Stanislaus County Short Sales and represented buyers of Stanislaus County Short Sales.
If you want more information on Stanislaus County Short Sales as a Call me today at 209-633-2839. If you want to search Stanislaus County Listings be sure to visit my website.