Celebrating the Flavor of Tuolumne County
Taste: to perceive or experience the flavor of. Flavor: an indication of the essential character of something.
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% |
Celebrating the Flavor of Tuolumne County 