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13,745 Green Dots in Stockton
How many sales were there in Stockton over the past three years? The answer is 13,745, and I’ve graphed them below for your viewing pleasure. What stands out to you about the plotted green points? Do you notice any trends?
This graph takes a view of the entire city of Stockton and is based on information in MLS for all single family detached sales (green dots) under $1,000,000. It’s interesting to note a dramatic change in the market beginning in the latter part of 2007. There had previously been few properties sold under $100,000, but that certainly shifted, didn’t it? It looks like the upper end of the market began to get squeezed harder around that time too. If you remember, housing inventory levels in the market increased drastically in the latter part of 2007, so we saw a steep decline in property values because of the vast oversupply of houses for sale (and therefore more agrressive pricing to compete against each other for available buyers).
City of Stockton Real Estate Market Data:
- 13,745 sales in Stockton over the past 36 months (SFR detached)
- 1,679 sales between 01/20/2007 – 01/19/2008
- 5,924 sales between 01/20/2008 - 01/19/2009
- 6,142 sales between 01/20/2009 – 01/19/2010
- 1,172 sales in the past 90 days
- 580 current actives
- 730 current active short sales
- 866 current pendings
- 75% of all sales over the past year were bank-owned
- 11.5% of all sales over the past year were short sales
Keep me posted if you have any questions about the data above. You are welcome to comment below as well as share insight about life or the real estate market in Stockton CA. If you do have a need for a narrowed property research, property tax appeal or a real estate appraisal in the Stockton area, please contact me at 916-595-3735 or ryan@lundquistcompany.com.
Business Tip: Remembering Facetime and Facebook
I buy into the idea of establishing a solid online presence as well as using techie tools to connect with people. That’s why I have multiple websites, a blog, Twitter account, YouTube page, and I’m on Facebook too (among other things). What I don’t buy into though is that having all these things alone makes a business successful or even more marketable. After all, you can look the part and play the game, but still reap no greenbacks, right?
Internet and social networking avenues are important (crucial) for many businesses, but nothing replaces face time with existing and prospective clients. I’m no expert, but getting in front of people and building authentic relationships is irreplaceable. Sure, I understand that relationships are built online. I know. I do it everyday and I enjoy it too. All I’m saying is that when all is said and done, there is still something special about contact in person with clients.
Business is about relationship, so if you are looking to drum up more work in 2010, then find ways to get in front of people both online and in person.
“Obama Cam” Photos in Sacramento
I’m disheartened to hear stats on President Obama’s “Making Home Affordable” program. So far it doesn’t look like the program is working very well (at all). A CNN article last week stated ”The administration projected that between half and three-quarters of applicants would have new mortgages at this point. As of the end of November, the number is 4.3 percent.” That’s not good.
In light of this less-than-wonderful news, I thought it would be interesting to use the “Obama Cam” app on my mobile phone to snap a few images of some local REO and Short Sale properties in the Sacramento area. The “Obama Cam” application overlays an image of President Obama (17 to choose from) on any picture taken with my mobile phone (an Android G1).
These images are in no way meant to belittle the President, make a political statement for any political party, or even rant about the Making Home Affordable program. There is actually a deep element here for me since the shots juxtapose governmental programs with real life local distressed properties. I’m reminded of the ever-present struggle in today’s economy for so many households, that recovery is going to take a long time, and also that good intentions in Washington DC do not necessarily translate to good results on “Main Street”.
What do these images evoke in you? Why is the “Making Home Affordable” program not yet working as it should? Please give your two cents and feel free to share your experience. By the way, do you have an app like this on your phone? Your comments are welcome.
