Manteca Real Estate Market Conditions & Reports, Manteca Market Trends, California

Market Commentary Provided by Joseph A. 'Gus' Saar
If you can qualify, now is an exceptional time to buy a home in Manteca. Low rates with historically low home prices makes a home purchase a great value! Call now for more information at 209-740-0767

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Joseph A. 'Gus' Saar
CENTURY 21 M&M and Associates
Tracy, California
209-740-0767
gussaar@gmail.com
Agent Home Page

Nearest Metro Area

Stockton

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

10-30 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Inventory Comments

Manteca home values continut to remain constant with a season slow down in demand thru Decemeber expected. Given that, while foreclosures will not be as prevalent thru the winter, short sales will be available and will represent a terrific opportunity to buy for those buyers who want to escape some of the frenzied cometition of the summer months.

Average Home Price

$200,000 - View Graph Trend

Best Selling Price Range

$150,000 - $199,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Multiple Offers Commentary

Many homes, if in good to average condition can recieve as many as 20 offers within the first one to two weeks on the market.

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Manteca is

No Change

Seller Activity for the past 90 days in Manteca is

No Change

Is Financing Available For Qualified Buyers in Manteca?

Yes

Comments on Financing For Qualified Buyers

I have a wonderful lender I work with that has the business acumen and professionalism to close deals on time. Many lenders right now are so bogged down in their own miriad of issues that they forget that the buyer is a client and deserves quality and competant service. My lender delivers on both fronts.

Existing Home Prices for the past 90 days are

Increasing

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

More than 50%

Housing Hot Spots

Most cities within the San Joaquin County area are considered 'Housing Hotspots'

Reason to Buy/Sell

Manteca continues to attract buyers because of its qualify of life. Good schools, great wheather and proximity to all destinations in Norther California make Manteca a very desirable place to purchase. Lower prices with good selection and competitive interest rates creates a perfect time to buy in Manteca!

Average Sold Price

$200,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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