October 2011 Sales - Modesto California - Stanislaus County

October 2011 Sales - Modesto California - Stanislaus County

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

Total Sales - 245 (an increase of 5% over October 2010)

Bank owned Sales - 92 which was 37% of all sales.

Short Sales - 63 which was 26% of all sales

Overall, distressed sales (Bank owned and short sales) made up 63% of all sales.

The lowest price home sold in Modesto during October 2011 was $18,500.

The highest price home sold in Modesto during October 2011 was $335,000

The median home price in Modesto during October 2011 was $125,000

The average days on the market was 61.

As you can see the volume of home sales in Modesto in September increased slightly 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 520 homes for sale in Modesto listed from $31,000 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.