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WOW -- Mountain House, California makes the New York Times. Click here to read the full article.
City in Despair - this is not surprising to those of who live and work in this area. This is a master planned community that was BOOMING in the early 2000. Most people bought in 2004 - 2006, and guess what kind of loans they have.
While I undertand the predicament - homeowners who can afford what they are paying need to sit tight.
Susan
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According to the Tracy Press the prospective economic center that was to be built in Mountain House is on hold for a while -- most likely a long while.
Read the story here: Tracy Press
So what's to happen in Mountain House? Well, this is a master planned community that started in the hay day of the housing boom had big plans for a fast growing fully inclusive area. To date there are 3 elementary schools that house K-8 students, a mini market, and a few other professional offices.
If you kids want McDonald's, Pizza or ice cream you'll have to drive to town -- Tracy that is.
While the community of Mountain House has some great positive attributes, don't buy a home there hoping to shop or work there anytime soon. Buy a home in Mountain House because of the community atmosphere, the newer homes and the great opportunity for future development.
Call today for more information on Mountain House.
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Look at these statistics. Things are moving. Homes are selling.
There are 83 homes on the Market and 23 pending. That means a 4 month supply. If nothing else came on the market we'd only have enough homes for the next 4 months.
33% of the homes sold in the under $425,000 range!
Most likely the buyers who are buying in Mountain House are first time home buyers or investors looking for smaller family units to rent.
As a REALTOR in the Mountain House area I can tell you I'm seeing mulitple offers on this price range. For those buyers who are still waiting for prices to go lower, I don't think we'll see much more of a drop in the lower price ranges. Perhaps a leveling off....
Call today for an appointment to discuss how you can take advantage of this fabulous market. Don't wait to be a buyer in a seller's market, buy in a BUYER'S Market.
I offer specialised services for buyers and sellers, call or email for details.
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Here they are right off the presses... the current housing Stats for Mountain House, CA
87 Active
7 Pending
2 Sold in the last 30 Days
7 Pendings is exciting! Who hoo.
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