subject: Stockton Real Estate Market Comparison Report (february 2009 Vs. February 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Stockton Real Estate Market comparing February 2009 to February 2010.
Summary of Key Points
Stockton Real Estate has started showing some signs of improvement with median sales price dropping 2.12 % only while at the same time houses are selling faster. The sellers received over asking price .This market has progressed better than surrounding areas.
Key Statistics, Stockton, CA: Median Sales Price (-2.12%), Median Days on Market (-18.26%), and Number of Units Sold (-29.02%), Sales Price to List Price Ratio (Feb 09 99% - Feb 10 101%)
Stockton Real Estate
The city of Stockton experienced a 2.12% decrease in median sales price from last year going down from $133,661 (Feb. 09) to $130,820 (Feb. 2010). Median days on market data for Stockton show that houses are selling faster than Feb 09. It took 54 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 44 days (an 18.26% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 510 units were sold compared to 362 for Feb 10 (-29.02% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Stockton. SP/LP ratio for Feb 09 was 99% compared to 101% for Feb 10.
Lets take a brief look at neighbors Manteca and Tracy. Manteca Real Estate featured a 6.04% decrease in median sales price ($187,776 Feb 09 - $176,434 Feb 10) and Tracy Real Estate saw a 4.81% increase ($217,310 Feb 09 - $227,772 Feb 10). Are houses in Manteca and Tracy selling faster or slower this year? Well, Manteca experienced a 17.22% decrease (45 to 37 days) in median days on market and Tracy saw a 21.26% decrease (51 to 40 days). In the units sold category, Manteca sold 33 units less (-35.87%) in Feb 2010 than 09 and Tracy sold 28 units less (-21.21%) in Feb 2010 than Feb 09.
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