About Stockton's Spanos Park

While Manteca continues to top the list in number of project (12) and available inventory (98), Stockton pushed the bar with registered sales (6) this week. Even with four of the projects not reporting traffic, counts increased over last week. For 2010, traffic to contract ratios is 28:1 in San Joaquin County with average weekly visits to projects sitting at 18.7. The unsettled foreclosure debacle and seller hesitation in short sales makes the new homes market a clearer opportunity.

The job market continues to feel downward pressure and according to the Wells Fargo Weekly Economic and Financial Commentary, much of that pressure is from municipalities alleviating strain by downsizing.

The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 10/10/10:

San Joaquin County: Total Projects Reporting: 25; Traffic: 234; Sales: 11; Cancellations: 5; Net Sales: 6; YTD Sales: 473

Focus on Stockton: Total Projects Reporting: 4: Traffic: 44; Sales: 6: Cancellations: 1; Net Sales: 5; YTD Sales: 76

Lathrop reporting 3 projects: 0 new releases, 13 in available inventory;

Linden reporting 1 project: 0 new releases, 3 in available inventory;

Lodi reporting 0 projects: no other information available

Manteca reporting 12 projects; 0 new releases, 98 in available inventory;

Mountain House reporting 4 projects: 0 new releases, 20 in available inventory;

Stockton reporting 4 projects: 0 new releases, 38 in available inventory;

Tracy reporting 1 project: 0 new releases, 5 in available inventory;

If you are interested in purchasing new construction in San Joaquin County, THE NINES TEAM can arrange a detailed showing of any of the new homes projects.

Call toll free: 888-868-4398

Manteca continues to be the New Homes "hot spot" as eight new releases were added to new homes inventory in San Joaquin County this week. Builders are currently breaking ground on an annualized number of 598,000 down from the 2 million unit pace of 2005. However, according to the Wells Fargo Weekly Economic and Financial Commentary, "despite cheery headlines that pointed to the magnitude of the percentage gains in this week's housing data, the state of the residential real estate market remains abysmal." The commentary continues with the observation that while there was an increase in housing starts, most of the impact was in multi-units.

The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 9/26/10:

San Joaquin County: Total Projects Reporting: 25; Traffic: 246; Sales: 10; Cancellations: 1; Net Sales: 9; YTD Sales: 457

Focus on Stockton: Total Projects Reporting: 4: Traffic: 43; Sales: 2: Cancellations: 0; Net Sales: 2; YTD Sales: 71

Lathrop reporting 3 projects: 4 new releases, 17 in available inventory;

Linden reporting 1 project: 4 new releases, 4 in available inventory;

Lodi reporting 0 projects: no other information available

Manteca reporting 12 projects; 0 new releases, 101 in available inventory;

Mountain House reporting 4 projects: 0 new releases, 25 in available inventory;

Stockton reporting 4 projects: 0 new releases, 43 in available inventory;

Tracy reporting 1 project: 0 new releases, 5 in available inventory;