Tuolumne County Real Estate Monthly Market Report for October 2011

Tuolumne County Real Estate Monthly Market Report

October 2011

During October 2011, 83 residential properties closed escrow. The average sale price was $184,981 and the average days on the market were 185. Forty-three percent (or 36) of the residential properties that sold were bank owned and 6% (or 5) were short sales.

Thirty (30) residential properties went under contract during the month with an average list price of $182,353. Distressed properties accounted for 66 % of the properties that went pending in October.

As of 11/27/2011, there were 579 active residential properties on the market with 41% of homes priced below $200,000. Distressed listings (REO =11% and Short Sales = 17%) are twenty-eight percent (28%) of all active listings.

Below is the breakdown of pending and sales for the month of October:

	# of Homes	Average Price	Median Price	Average Days on Market
Pending – Single Family	24	$174,719	$149,950	183
Pending – SF w/acreage	6	$212,892	$142,450	42
Sold – Single Family	63	$171,354	$154,400	177
Sold – SF w/acreage	20	$227,907	$203,450	208

579 Active Residential Listings

238 - $0 - $199,999

181 - $200,000 - $299,999

81 - $300,000 - $399,999

38 - $400,000 - $499,999

21 - $500,000 - $599,999

5 - $600,000 - $699,999

6 - $700,000 - $799,999

5 - $800,000 - $899,999

1 - $900,000 - $999,999

4 - $1,000,000 +

We have a very affordable home market in Tuolumne County with some great opportunities for buyers. If you are looking for a cabin in the woods, a home with acreage, a ranch, a starter home or a large established estate, in the snow or below the snow you can find it here in “the great unfenced”. We really do have something for every taste and budget.

This information is complied from TCAR MLS data and is deemed reliable, but not guaranteed.

If you would like information on lots or acreage contact me or search my website

www.sugarpinerealty.com/kburby