Stanislaus County Home Sales 2012 Totals

By
Real Estate Agent with Century 21 M&M - 209-633-2839 BRE #01423125
http://actvra.in/PmG

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

2012 Low   3/1   1428 sq ft   Major Fixer

 

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.

2012 High   4/4  5000 sq ft   14.69 acres

 

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.

Stanislaus County Home Sales November 2012

Stanislaus County Home Sales October 2012

Stanislaus County Home Sales September 2012

Stanislaus County Homes Sales August 2012

Stanislaus County Home Sales July 2012

Posted by

 

 

Jim Patton - Realtor, Short Sale Specialist, CDPE

Century 21 M&M and Associates

BRE# 01423125

Ph. 209-633-2839

Jpatton@c21mm.com

www.JPattonHomes.com

 

 

Jim Patton Stanislaus County Short Sale Agent

 

 

 

 

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The author of this blog, Jim Patton, is a full time Realtor with Century 21 M&M and Associates.  Jim is a Central California Short Sale Specialist who lists and successfully sells short sales throughout Stanislaus, Merced and San Joaquin counties. Call Jim Patton at 209-633-2839.

The views expressed herein are Jim Patton's personal views and do not reflect the views of Century 21M&M and Associates

 

 

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Ambassador
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Anna Banana Kruchten
Phoenix Property Shoppe - Phoenix, AZ
Phoenix Real Estate Agent, CRB, CRS 602-380-4886

Jim I sure am hoping your number of distressed properties sold goes down in 2013.  Good luck in 2013!!

Jan 15, 2013 04:27 PM #1
Rainmaker
423,815
Jim Patton
Century 21 M&M - 209-633-2839 - Turlock, CA
Realtor - Stanislaus & Merced county Realtor.

Anna - I think the number of distressed sales will come down slowly.   It's probably going to take a while to get through them all but in the meantime there are some great deals out there fore buyers.

Jan 15, 2013 06:11 PM #2
Rainer
10,576
Rebecca Urban
Becky Cleaning Service - Pocono Lake, PA
The one to call when you really want it clean.

12,000 to 1,300,000 is a huge price range. Seems like there are plenty of opportunities for everyone to find the right house. 

Jan 15, 2013 06:57 PM #3
Rainmaker
423,815
Jim Patton
Century 21 M&M - 209-633-2839 - Turlock, CA
Realtor - Stanislaus & Merced county Realtor.

Yes there is Rebecca.   Thanks for stopping by. 

Jan 15, 2013 09:58 PM #4
Rainmaker
571,232
Hella Mitschke Rothwell
(808) 226-1095 or (831) 626-4000
Hawaii & California Real Estate Broker

Jim: Sounds like there are still some excellent buys in your area. I would certainly get in touch with you to find out what is available.

Jan 17, 2013 10:29 AM #5
Rainmaker
1,241,876
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jim - Looking at the 2011 vs. 2012 stats I'm assuming a lot of homeowners decided to avoid foreclosure and do a short sale.  Wow, 46% REO properties is a HUGE amount and while 29% is still high it's A LOT better.

Jan 17, 2013 02:09 PM #6
Rainmaker
423,815
Jim Patton
Century 21 M&M - 209-633-2839 - Turlock, CA
Realtor - Stanislaus & Merced county Realtor.

Yes there are Hella.  It's also a great time to sell.

Michelle - Even the 46% REO is down from the peak.  Short sales are now more prevalent than REO sales and should be for some time now. 

 

Jan 17, 2013 02:16 PM #7
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Rainmaker
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Jim Patton

Realtor - Stanislaus & Merced county Realtor.
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