I had a chance to look at a REO (Real Estate Owned) property in Modesto California in Stanislaus County, Central Valley on Sunday 3/16/08. It is the second day on the market and when I called the listing agent, there are offers already. Today, the property is pending.
The property is located in zip code area 95356. around $128 per sq. ft. and listing at $309K. It is in good condition. I have been tracking REO properties using daily auto-prospecting tool for potential clients and also gathered some statistics:
As of 3/16/08:
REO listings in Modesto California for Single Family Homes:
Active: 514 Avg List Price: $190K Avg size: 1503 sq. ft. Avg DOM: 59
Median List Price: $175K Median size: 1341 sq. ft. Median DOM: 45
Pending: 300 Avg List Price: $199K Avg size: 1634 Avg DOM: 50
Median List Price: $180K Median size: 1434 sq. ft. Median DOM: 28
Sold in Feb: 80 Avg List Price: $210K Avg Sale Price: $201K Avg size: 1527 sq. ft. Avg DOM: 48
Median List Price: $199K Median Sale Price: $196K Median size: 1397 sq ft. Median DOM: 21
Please check back next month for an update.
Irene Chan, M.S., REALTOR
web: http://ilaichan.home.comcast.net
Modesto, Stanislaus County, California. My goal is to provide the highest level of professional real estate service by building a trusting relationship. http://www.modesto-real-estate-now.com
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