Stanislaus County Home Sales - December 2012 -Patterson Ca -
The sales figures for Patterson Ca for December 2012 are in. The totals below are for single family homes sold in Patterson.
Total Sales - 23 (43 Homes sold in December 2011)
Bank owned Sales December 2012 - 4 which was 17% of all sales.
Bank owned Sales December 2011 - 17 which was 40% of all sales.
Short Sales December 2012 - 7 which was 30% of all sales
Short Sales December 2011 - 13 which was 30% of all sales
Overall, distressed sales (Bank owned and short sales) made up 47% of all sales.
The lowest price home sold in Patterson during December 2012 was $105,000.
The highest price home sold in Patterson during December 2012 was $325,000
The median home price in Patterson during December 2012 was $152,000
The average days on the market was 18.
As you can see the volume of home sales in Patterson in December 2012 was down from last year. This is due mostly to there being a low inventory of available homes. The number of Bank Owned Sales was significantly lower than the number of short sales. Distressed sales are still the majority of sales. We are seeing a few more "traditional sales" and more investors are getting into the market.
If you are thinking about buying a home in Patterson Ca now is a great time. Prices are better than they have been in a long time and interest rates are at all time lows. There are currently 32 homes available in Patterson listed from $50,000 up to $650,000. Give me a call at 209-633-2839 and I can help you find the right house for you. You can also search for Patterson Homes for sale here too.
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Jim Patton - Realtor, Short Sale Specialist, CDPE
Century 21 M&M and Associates
The author of this blog, Jim Patton, is a full time Realtor with Century 21 M&M and Associates. Jim is a Central California Short Sale Specialist who lists and successfully sells short sales throughout Stanislaus, Merced and San Joaquin counties. Call Jim Patton at 209-633-2839.
The views expressed herein are Jim Patton's personal views and do not reflect the views of Century 21M&M and Associates
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