September 2011 Sales - Stanislaus County - Modesto California

September 2011 Sales - Stanislaus County - Modesto California

 

The sales figures for Modesto California for September 2011 are in.  The totals below are for single family homes sold in Modesto.

 

 

 

Total Sales - 236  (an decrease of 9% over September 2010)

 

Bank owned Sales - 102  which was 43% of all sales.

 

Short Sales - 52 which was 22% of all sales

 

Overall, distressed sales (Bank owned and short sales) made up 65% of all sales.

 

 

The lowest price home sold in Modesto during September 2011 was $34,000.  

 

The highest price home sold in Modesto during September 2011 was $385,000

 

The median home price in Modesto during September 2011 was $120,000

 

The average days on the market was 54.

 

As you can see the volume of home sales in Modesto in September declined over last year.  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 Modesto 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 538 homes for sale in Modesto listed from $24,900 up to $1,950,000.   Give me a call at 209-633-2839 and I can help you find the right house for you.  You can also search for Modesto Homes for sale here too.