Tracy, CA

Real Estate Price Trends
The median single family home price as of February 24 2008 for TRACY is $477,498.

Price Per Square Foot
The median price per square foot for homes in TRACY as of February 24 2008 is about $202

Homes for Sale
There are about 940 properties on the market in TRACY as of February 24 2008.

The real estate market in Tracy is changing rapidly. At 202 avg sq ft price, 940 homes for sale & median price at $477k, things are progressing in a good direction. Interest rates are still pretty low.

Call me for your neighborhood specific statistics to help you in your own real estate evaluation of Tracy real estate at 209-321-6122, Christina O'Neal

Affordable Housing in Tracy -- and Mountain House.

I picked up the Tracy Press and read an article on "Affordable Housing." The description of "Affordable Housing" was that developers should be given incentives to build UP instead of out.  Keep in mind, Tracy is located in the Central Valley where there is farm land, grazing land and foothills.  I'm not suggesting we want urban sprawl or that growth shouldn't be systematic and orderly.  

However, if home buyers wanted multiple housing units stacked one on top of each other they'd purchase homes in the Bay Area.  They'd choose to have 4 - 6 lane roads, tons of traffic, over crowded schools, inflated crime rates, etc.

The last time the City of Tracy decided "affordable housing" was necessary the streets were impacted, our schools got over crowded, parks weren't built, the infastructure wasn't there to support the growth.  WHY would the Cityof Tracy sell land in a BUYERS market?  Why sell land to anyone when land costs less than it has for 10 years or more?  Why NOT wait until supply and demand for housing rebounds and then mitigate for schools, roads, parks. police, fire fighters, etc.  Stockton is the number 1 foreclosure City in the nation, Tracy is 35 miles south of Stockton and don't for one second think that Tracy isn't impacted by foreclosures.

Tracy has had Measure A in place for several years which limited new building permits unit 2012, if Measure A were not in place there would be MORE homes in foreclosure than we currently have.  Mountain House, only 10 miles to the West is a great example of this, tons of building, tons of vacant homes, tons of foreclosures, tons of short sales.

No matter how you feel about growth the bottom line is that we HAVE affordable HOUSING in Tracy.  For the first time in years housing is affordable in Tracy.  There are homes available for as low as $188,000.  How AFFORDABLE is THAT!  Yes, we do have a commuter community, but that has as more to do with the QUANTITY of AVAILABLE EMPLOYMENT than it does affordable housing.  Tracy Unified is one of the largest employers in Tracy, and a brand new first year teacher CAN purchase a home in Tracy with the Cal Teach Lender programs.  New Upwardly Mobile Executives who work in the Bay Area can't afford a home in Pleasanton, San Francisco, San Jose etc, so they choose to commute to work.  Young familes choose to raise thier children on one salary move to Tracy because they can afford a home.  Yet there are City Council members who think we still need "affordable" housing.  We have affordable housing, it's just a matter of what you're looking for.