Taste Tuolumne

Musings on Food, Fun & Real Estate in the Mother Lode

What’s the Tuolumne County Real Estate Market Doing?

The year over year trend for Residential Home Sales in Tuolumne County continues as sales increase and prices decline.

  2011 Thru Q-2 2010 Thru Q-2 % Change
Quantity Sold

340

274

+24%

Average Sales Price

$189,820

$219,428

-13%

Median

$162,000

$200,000

-19%

 Month over month, so far this year, there is no clear pattern in regards to median price. Time will tell. 

  2011- Median Price 2010- Median Price
January

$150,000

$202,000

February

$180,000

$189,000

March

$156,000

$191,500

April

$166,500

$222,500

May

$170,000

$210,500

June

$166,000

$190,000

 The charts below show the difference between the percentage of Short Sales, REOs (bank owned homes) and Privately owned homes that are not “upside down”  that are listed for sale as compared to what is actually selling. REO listings account for only 11% of the inventory but 42% of the actual sales. One thing is clear, with 77% of the listing inventory but only 45% of the sales, it is so important for Private sellers to price their homes correctly in order to compete with the distress sales.  

 ACTIVE LISTINGS 

  Number of Listings Percentage of Total
Total Listings

680

100%

Private Listings

521

77%

REO Listings

75

11%

Short Sale Listings

84

12%

 SOLD LISTINGS THROUGH Q-2, 2011 

  Number of Sales Percentage of Total
Total Sales

340

100%

Private Sales

152

45%

REO Sales

144

42%

Short Sale Sales

44

13%

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This entry was posted on July 18, 2011 by in Buyers, Sellers, Short Sales.
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