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Market Conditions in Tracy : Real Estate Advice

  • All460
  • Local Info33
  • Home Buying220
  • Home Selling10
  • Market Conditions19

Activity 24
Alexander Gr…, Real Estate Pro in San Jose, CA
Mon Aug 10, 2015
Alexander Greer answered:
You would need to head over to auction.com to find that out.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer

Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
Jeramee Camp…, Real Estate Pro in Tracy, CA
Mon Apr 8, 2013
Jeramee Campbell answered:
Taj Weldon, Real Estate Pro in Tracy, CA
Wed Jul 18, 2012
Taj Weldon answered:
The market is buzzing once again.Currently a sellers market.The test of time will show whether this market will remain a seller marketin the winter.
TajWeldon
REALTOR(R)
209-740-4176
DRE 01816152
... more
0 votes 8 answers Share Flag
Taj Weldon, Real Estate Pro in Tracy, CA
Wed Jul 18, 2012
Taj Weldon answered:
Hi,
A REALTOR can perform this search for you and have the results automatically emailed dailty.If you are not currently represented by a REALTOR , I would love to assist.

Please call or email me if you would like my assistance.

Thanks,
Taj Weldon
REALTOR
209-740-4176
DRE 01816152
tajweldon@connectrealty.com
... more
0 votes 5 answers Share Flag
LaRonica Fis…, Real Estate Pro in Tracy, CA
Tue May 8, 2012
LaRonica Fisher answered:
Hello,

That depends on what you are looking for. Acacia St is located in an older neighborhood of Tracy, but it is walking distance from Tracy High School as well as Lincoln Park.

Beaconfield Ct is closer to grocery stores, the mall, and other local shopping areas. It also provides easy access to 205.

If you'd like more information about the neighborhood, please visit my website www.searchcentralvalleyhomes.com and click on the Market Insider tab. I hope this helps!

Please feel free to contact me if you have any questions.
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0 votes 2 answers Share Flag
Lisa Aguilera, Real Estate Pro in Tracy, CA
Mon Mar 26, 2012
Lisa Aguilera answered:
Hi Robert,

Email me or give me a call for some references to a few different people. Depending on the scope of what you need done, I can give you contact info for a reputable Handyman and/or Contractor that do quality work at reasonable prices. I am very picky about who I refer people to so I assure you my referrals are only to professionals who will treat you right.

Lisa Aguilera
The Aguilera Real Estate Team
Lisa@TracyRealEstateToday.com
209-814-8256
... more
0 votes 3 answers Share Flag
Frankie Alex…,  in Manteca, CA
Thu Feb 23, 2012
Frankie Alexander answered:
What a wonderful time to consider investing. I can help you find the perfect property, one that meets your needs. Here is a great article.
http://www.bankrate.com/finance/real-estate/great-time-to-invest-in-rental-property-1.aspx

Frankie Alexander
Imara Mortgage & Realty
68 E. 11 Street Suite 120
Tracy, CA 95376
209-221-2318
frankie_lashonda@hotmail.com
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0 votes 2 answers Share Flag
John Keating, Real Estate Pro in Alameda, CA
Sat Oct 1, 2011
John Keating answered:
Hello Batt9
You can receive that information from your local Real Estate Agent. There were 102 homes that sold in Redbridge in Tracy during your time period of 2009 to current date 2011. If you need any other information or help please do not hesitate to contact me. Thank you and have a great day!

John Keating
Realtor PMZ
(209) 603-9326
... more
0 votes 5 answers Share Flag
J Mario Preza, Real Estate Pro in Burlingame, CA
Tue Feb 22, 2011
J Mario Preza answered:
While it is a first for this reader to hear such a petition, it is a well taken contention. However, there is much too much information and loose ends both in the day to day processes used in the real estate industry, and now via the Internet, that accomplishing a complete removal of information about any particular house my be very limited. This is akin to seeking a credit reporting agency to clean up erronous data on your otherwise good credit report. It may be achievable, but as soon as you think all is well, something else can and sometimes pops up. Try this, and you'll see what I'm alluding to: type your property address on the search bar on your Internet browser and watch what happens. If your house is like the hundreds, if not thousands of legitimate addresses out in "ciberland," it will produce results. As for your valid safety concerns, you'll be hardpressed to achieve a complete elimination of any potential risks, not the least of which is the exposure of the photo that was once used for selling your property. Good luck! ... more
0 votes 3 answers Share Flag
Dave Memory,  in Tracy, CA
Tue Feb 1, 2011
Dave Memory answered:
Hi Lynn,

As everyone else has stated, this has been an ongoing question now for months. Our office just added several REO accounts. What that means is we will be getting more bank owned listings.We currently have 103 active/coming soon properties.
But, the new wave we expect to see are Short Sales. Banks are tired of waiting for homeowners to vacate their home after months of no payments. And, many homeowners damage property as they leave. A Short Sale is a win-win sale for everyone. Bank sells home for current market value, with no damage and further decline in value. Seller walks away with Short Sale, which is far less damaging to their credit than foreclosure, enabling them to buy a home sooner in the future. And, we'll see a shortened Short Sale process...no more 5-8 month approval periods. More like 45-60 days. And, many banks are actually telling homeowner what to list home at even before they have an offer. Whole new world of Short Sales!!
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0 votes 5 answers Share Flag
Dave Memory,  in Tracy, CA
Tue Feb 1, 2011
Dave Memory answered:
Hi Pete,

Buying an investment property right now is a great idea. Based on current prices and rental needs all of your choices are good. There are several newer homes, built within the last 10 years, that you can actually buy and end up with a positive cash flow. An example is buying a 3 bedroom, 2 bath 1200 sq. ft. home in Tracy priced at $180k with 20% down gives you a payment of Approx. $850 w/tax and insurance. You can turn around and rent it for $1100-$1200.
Nice ROI!
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0 votes 1 answer Share Flag
Tracy Remax,  in Tracy, CA
Wed Jul 21, 2010
Tracy Remax answered:
This price is too low for 5 bedrooms. How's condition of the house? Hardwoord floors? Newly renovated? Good school district? Please keep in mind rent could be around $1900 if those things are part of the package. ... more
0 votes 3 answers Share Flag
Elaine Kan, Real Estate Pro in Tracy, CA
Fri May 8, 2009
Elaine Kan answered:
Where is your new job location? If you are looking to rent in Tracy, there are a few areas which you may want to consider.

Corral Hollow and Eleventh Street is a busy intersection with all your grocery shopping needs. Safeway, Starbucks, Long's Drugs are all around the area. It is only a few minutes drive to the hospital and Costco as well as Walmart.

Another area is called Hidden Lake. Houses in this neighborhood are built around a man made lake and the pride of ownership is high in that area. Homes are well maintained and the area is more secluded.

If you have children, you may want to consider the area around the Ace Train Station (around Tracy Blvd and Linne Rd). This area belongs to the Jefferson School District. You can check out the ratings, they score fairly high. http://www.greatschools.net/schools.page?district=749&state=CA

At last, there is the Redbridge community. Homes here are built by Standard Pacific Homes and this is a nice little community. For more info, please visit http://redbridgeneighbors.com/

If your job is located more towards the bay area, you may also want to consider Mountain House. Mountain House has great schools, lots of parks and a dry creek as well as homes which are generally newer. Check it out here: http://www.mountainhouse.net/residential/community.html

You should have a pretty good selection of rentals as investors are now snatching up bank owned properties in the Tracy and Mountain House area. Good luck.
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0 votes 4 answers Share Flag
lmc, Home Buyer in Tracy, CA
Tue May 5, 2009
lmc answered:
David,

The following website will allow you to input your address and see what rents are for the neighborhood.

I purchased a home in November and had a signed leased before all the renovations were done. On the other side I have a friend that has 2 condos for rent that she has not been able to fill for the last two months. ... more
0 votes 2 answers Share Flag
Steve Roesch, Real Estate Pro in Portland, OR
Tue Apr 28, 2009
Steve Roesch answered:
A lot of foreclosures in Tracy that are 100k or less, typically are not financeable. They are land, and a structure. No kitchens, no furnace, no water heater, sledgehammers to porcelain sinks or toilets, no electrical panel, etc... Usually, its just a few of these items missing. Sometimes it's all of the above.

Buying a foreclosure can be rewarding. But be prepared, if you don't have the cash/capital, time, dedication or skill set to sub out the work to the proper trustworthy contractors... It will be the worst investment on your books.
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0 votes 3 answers Share Flag
Steve Roesch, Real Estate Pro in Portland, OR
Sat Apr 25, 2009
Steve Roesch answered:
I know the question was asked in Nov 08, but it is always hard to predict the future. But the answers from 11/08 were based off the perceptions from the condition of the market at that time.

Today, almost May 09, things are a little different. Prices seem more stable, more buyers, inventory is smaller. But the biggest change is what the locals are experiencing. Multiple offers, bidding wars, and more than asking price.

Something about Californians and their need to compete. Unbelievable. But there typically, isn't price degradation when multiple offers are on many new listings.
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0 votes 4 answers Share Flag
,  in
Tue Feb 3, 2009
answered:
Actually the sales price - the price the home SOLD for has been running 108% of the list price. Homes are selling rapidly when in good condition and priced correctly. The market is dominated by short sales and REO - bank owned properties, and homes are being priced very competitively which results in mulitple offers and over asking results.
I hope that helps - I'd be happy to send you an update on a certain neighborhood if you'd like
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0 votes 1 answer Share Flag
The Hagley G…, Real Estate Pro in Pleasanton, CA
Sun Nov 30, 2008
The Hagley Group answered:
Gordon, even though I sell Tracy, I don't have specific stats for San Joaquin County. As far as hitting the bottom...we'll not know for sure until 6-8 months after the fact....
0 votes 1 answer Share Flag
The Medford…, Real Estate Pro in Fremont, CA
Sun Nov 30, 2008
The Medford Team answered:
Gordon:

I'd call the various property managers in Tracy and ask them to identify the type of home that they have the best luck in renting. They can identify the “sweet spot❠for you very quickly. It is usually a 3/2 in the 1,500 sq, ft. range close to the better schools. They can also give you the going market rates for the various levels of properties.

You can also do some research on Craigslist to identify rental ranges. As you know, you want the smallest mortgage payment possible and the highest rental income. As Tyler mentioned, newer homes are easier to maintain in the initial years. However, many of the newer homes also come with HOAs. If I was looking, I’d be searching for homes built in the 70-80’s in decent neighborhoods and in good condition. Take a contractor with you to help identify potential issues.

For school ratings in Tracy go to www.greatschools.net.

What are your chances of getting a good home that pencils for you? Very good.

If you need someone who is both a Realtor and a general contractor who services the area, contact us.

carl@carlmedford.com
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0 votes 2 answers Share Flag
Victoria Riv…,  in Tracy, CA
Tue Nov 11, 2008
Victoria Rivera answered:
Hello Paco,

If you have property to rent may I suggest you contact Kelli Salas at Realty World Millennium Property Management Team she specializes in rental property and she can give you an ideal on the rental property market and even help you rent your property. She will screen all applications and help you from there. Her number is 209-814-2035. please let her know that I recommended you to her. Best of luck. ... more
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