Taste Tuolumne

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

Tuolumne County 2013: Foreclosures Down – Prices Up

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2013 was a good year for  Residential Real Estate in Tuolumne County. Year over year, the number of distressed sales decreased while the average and median home price increased. Decreasing by 1%, the total number of sales was relatively flat as compared to 2012.

Currently we have about 5 months worth of inventory for sale. Low interest rates are keeping homes affordable and creating much buyer demand. Even with 5 months of inventory our buyers are feeling like there isn’t much to choose from so if you or someone you know is thinking of selling in 2014 now would be a good time to list.

If you would like a sales summary of a specific neighborhood in Tuolumne County shoot me an email or give me a call. I’d be happy to help. robin@tuolumnehomes.com or 209-536-3000.

MLS Residential Sales Summary Comparison

Tuolumne County

2013 vs 2012

Sales 

2013

                          2012

% change

Median sales price

$195,000

$166,000

17%

Average sales price

$214,376

$193,701

11%

Total sales*

906

911

-1%

Private sales

662 (73%)

510 (56%)

30%

REO sales

166 (18%)

277 (30%)

-40%

Short sales

78 (9%)

124 (14%)

-37%

Sales @ $200k and below

478 (53%)

561 (62%)

-15%

Sales  @ $175k and below

392 (43%)

491 (54%)

-20%

High price

$899,000

$1,100,000

-18%

Low price

$25,000

$16,000

56%

 

 

ACTIVE LISTINGS – TCAR MLS

Snapshot this date

1-5-2014

Median list price

$249,900

Average list price

$308,800

Total active listings**

385

Private listings

341 (89%)

REO listings

19 (5%)

Short sale listings

25 (6%)

Listings @ $200k and below

124 (32%)

Listings  @ $175k and below

83 (22%)

High price

$2,988,000

Low price

$58,000

*   Approx. 75.5 sales per month

** Approx. month listings/inventory 5

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