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Create A BlogSonora CA Real Estate Weekly Update |
Posted at Sonora CA Real Estate Weekly Update by Tony Krieg
Mar. 27, 2008
Tagged with: sonora ca homes, sonora ca real estate, sonora ca realestate, sonora cailfornia real estate, sonora homes, sonora real estate, sonora realestate
Sonora CA Real Estate Weekly Update for 3/27/08
Sonora CA Real Estate continued to decline in value from last weeks
yearly average of $351,273 to $343,250. Prices for homes in Tuolumne
County settled a few dollars lower this week with a yearly average price
of $325,799.* Home sales fell to 5 units of residential Real Estate closing
and escrows opened were soft with just 4.
Sonora CA Real Estate average 3 bedroom, 2 bath, 2 car garage home
price over the previous 12 months is,* $343,250.
Sonora Homes have an average market time of 84 days.*
After being on the market an average of 145 days, there are 65 Sonora
CA Homes for Sale with a median price of $429,000.
In North Tuolumne County during the past 7 days, 4 Residential
properties went into contract and 5 sold with an average price of
$323,000 and 185 DOM
In the year 2007, 10 went into contract and 10 sold with an average
price of $339,400 and 145 DOM............
This week in 2006, 12 properties went into contract and 7 sold with an
average price of $355,226 and 164 DOM. Back in 2005, 14 sold with an
average price of $378,579 and 90 DOM.........and way, way back in
2004, 16 Residential properties sold with an average price of $241,413
and 141 DOM
North Tuolumne County Real Estate average 3 bedroom, 2 bath, 2 car
garage home price over the previous 12 months is,* $325,799
North Tuolumne County CA Homes have an average market time of 129
days.*
There are 464 (Northern) Tuolumne County Homes for Sale with a
median price of $369,900 and an average of 152 days on the market.
(I know it's the same as last week except the total number of homes)
124 Homes priced under $300k (up 6 from last week)
224 priced between $300 and $500k, (Up 3 from last week)
5 Listings expired, 2 was withdrawn and 1 are TOM (Temporarily off the
market). 5 Homes came back on the market (BOM)
Click here for the current edition of the Weekly Update
Negotiating with Homeowners.
Last weeks report posted a strong “original to sold” ratio with nearly ½
of the homes closing within 5% of the seller’s asking price. 4 of these
properties had a market time of 38 days and 2 of these sold at or above
the listing price. I’m getting the feeling that sellers are beginning to
realize that the market has changed and they need to change along
with it. By pricing their homes at or nearer the market they are more
likely to generate competitive interest. This is the kind of action that
will help keep our market strong. Business breeds business. I’m sure
that those who are continuing to purchase Real Estate in Tuolumne
County would like to see a return on their investment as soon as
possible and that will only happen if a there remains a healthy interest
in Sonora CA Real Estate.
When dealing with homeowners, even in a declining market, one has to
consider the possibility that the attachment they may have to their
homes will influence them when responding to your offer. Not
everyone is desperate to sell or motivated buy money. There have been
cases where some homeowners in good markets have sold their property
at below market value to a buyer whom they liked. At the opposite end,
a buyer can get off on the wrong foot by offering a sales price well
below current market value. As sellers begin to respond to the reality
that prices have eased and list their home accordingly, this advice may
seem more relevant. The homeowner will usually allow their Real Estate
Agent to let it be known that they are willing to deal and although it
never hurts to ask you may be running the risk of being shut out by an
offended seller. Patience is a key in negotiating and a more subtle tact
seems to be the best approach in this situation. Some may think this is
to soft an approach. I would disagree. Sonora CA Real Estate is unique.
Very few, if any properties are alike and if you find “The One”, taking a
hard line may cost you the home of your dreams. There’s no doubt,
saving money is good but jumping over dollar bills and future
enjoyment to scratch for a few nickels today make no sense to me. For
most people selling ones home is an emotional experience and a little
understanding can go a long way in this business.
Tuolumne County Homes Sold Report for this Week.
This report shows the original price and not the subsequent price
reductions during the course of the listing.
Address Asking Sold Chg% DOM
18400 BLUE OAK CT $269,900 $235,000 87% 151
Real Estate in Jamestown
216 Woodside Drive $258,700 $255,000 99% 44
Real Estate in Sonora, CA
16963 Columbia River Drive $379,000 $360,000 95% 121
Real Estate in Phoenix Lake
16625 Madrone $339,000 $260,000 77% 312
Real Estate in Cedar Ridge
24923 State High Way 108 $259,500 $215,000 83% 311
Real Estate in Mi Wuk
This information is deemed reliable but not guaranteed.
* These figures are based on homes with 3br, 2ba, 2 car garages and
1200 to 1800 SQFT
Sonora CA Real Estate continued to decline in value from last weeks
yearly average of $351,273 to $343,250. Prices for homes in Tuolumne
County settled a few dollars lower this week with a yearly average price
of $325,799.* Home sales fell to 5 units of residential Real Estate closing
and escrows opened were soft with just 4.
Sonora CA Real Estate average 3 bedroom, 2 bath, 2 car garage home
price over the previous 12 months is,* $343,250.
Sonora Homes have an average market time of 84 days.*
After being on the market an average of 145 days, there are 65 Sonora
CA Homes for Sale with a median price of $429,000.
In North Tuolumne County during the past 7 days, 4 Residential
properties went into contract and 5 sold with an average price of
$323,000 and 185 DOM
In the year 2007, 10 went into contract and 10 sold with an average
price of $339,400 and 145 DOM............
This week in 2006, 12 properties went into contract and 7 sold with an
average price of $355,226 and 164 DOM. Back in 2005, 14 sold with an
average price of $378,579 and 90 DOM.........and way, way back in
2004, 16 Residential properties sold with an average price of $241,413
and 141 DOM
North Tuolumne County Real Estate average 3 bedroom, 2 bath, 2 car
garage home price over the previous 12 months is,* $325,799
North Tuolumne County CA Homes have an average market time of 129
days.*
There are 464 (Northern) Tuolumne County Homes for Sale with a
median price of $369,900 and an average of 152 days on the market.
(I know it's the same as last week except the total number of homes)
124 Homes priced under $300k (up 6 from last week)
224 priced between $300 and $500k, (Up 3 from last week)
5 Listings expired, 2 was withdrawn and 1 are TOM (Temporarily off the
market). 5 Homes came back on the market (BOM)
Click here for the current edition of the Weekly Update
Negotiating with Homeowners.
Last weeks report posted a strong “original to sold” ratio with nearly ½
of the homes closing within 5% of the seller’s asking price. 4 of these
properties had a market time of 38 days and 2 of these sold at or above
the listing price. I’m getting the feeling that sellers are beginning to
realize that the market has changed and they need to change along
with it. By pricing their homes at or nearer the market they are more
likely to generate competitive interest. This is the kind of action that
will help keep our market strong. Business breeds business. I’m sure
that those who are continuing to purchase Real Estate in Tuolumne
County would like to see a return on their investment as soon as
possible and that will only happen if a there remains a healthy interest
in Sonora CA Real Estate.
When dealing with homeowners, even in a declining market, one has to
consider the possibility that the attachment they may have to their
homes will influence them when responding to your offer. Not
everyone is desperate to sell or motivated buy money. There have been
cases where some homeowners in good markets have sold their property
at below market value to a buyer whom they liked. At the opposite end,
a buyer can get off on the wrong foot by offering a sales price well
below current market value. As sellers begin to respond to the reality
that prices have eased and list their home accordingly, this advice may
seem more relevant. The homeowner will usually allow their Real Estate
Agent to let it be known that they are willing to deal and although it
never hurts to ask you may be running the risk of being shut out by an
offended seller. Patience is a key in negotiating and a more subtle tact
seems to be the best approach in this situation. Some may think this is
to soft an approach. I would disagree. Sonora CA Real Estate is unique.
Very few, if any properties are alike and if you find “The One”, taking a
hard line may cost you the home of your dreams. There’s no doubt,
saving money is good but jumping over dollar bills and future
enjoyment to scratch for a few nickels today make no sense to me. For
most people selling ones home is an emotional experience and a little
understanding can go a long way in this business.
Tuolumne County Homes Sold Report for this Week.
This report shows the original price and not the subsequent price
reductions during the course of the listing.
Address Asking Sold Chg% DOM
18400 BLUE OAK CT $269,900 $235,000 87% 151
Real Estate in Jamestown
216 Woodside Drive $258,700 $255,000 99% 44
Real Estate in Sonora, CA
16963 Columbia River Drive $379,000 $360,000 95% 121
Real Estate in Phoenix Lake
16625 Madrone $339,000 $260,000 77% 312
Real Estate in Cedar Ridge
24923 State High Way 108 $259,500 $215,000 83% 311
Real Estate in Mi Wuk
This information is deemed reliable but not guaranteed.
* These figures are based on homes with 3br, 2ba, 2 car garages and
1200 to 1800 SQFT
