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Here’s an excerpt from one of the paragraphs about the history of what’s happened in the real estate market in Stockton, CA.  Detailed information on home sales appreciation rates, etc.  It’s an interesting chart of what’s happened year by year…

The highest annual home appreciation rate in the Stockton Real Estate Market was 32% in the twelve months ended with the 2nd Quarter of 2005. The worst annual home appreciation rate in the Stockton Market was -38% in the twelve months ended with the 3rd Quarter of 2008.

“The highest home appreciation in the Stockton Real Estate Market over a three
year period was 75% in the three years ended with the 4th Quarter of 2005.
The worst home appreciation over a three year period in the Stockton Market
was -54% in the three years ended with the 3rd Quarter of 2009.”

You can read the complete information HERE – Stockton Real Estate.

Here’s another link to an article about Why Real Estate Should Be In Your Portfolio.

I recently wrote about the Downtown Lodi Farmers Market as being one of the many draws for Lodi, CA as well as many other cities around the country.  Now I’d like to introduce you to our annual Lodi Grape Festival that is running tomorrow, Sept 16, through this coming Sunday, Sept 19.

There will be a carnival, petting zoo, reptile exhibit, many area businesses on display, concerts, fair food, art show, etc., etc.. 

You’ll want to come early and stay late, and enjoy everything that the Lodi Grape Festival has to offer.  Advanced purchase of tickets is recommended if you don’t want to stand in line to enter.

For more information on the Lodi Grape Festival regarding it’s location, hours it’s open, etc. then CLICK HERE.

What will the festival do for the local real estate market?  I’m hopeful that the people attending the festival from out of the area will see what a wonderful community we have here in Lodi, CA, and perhaps consider moving to Lodi and maybe even buying one of the many homes for sale here in town.  There are great deals on Short Sales and REO foreclosures in Lodi as well as Stockton, Galt, Lockeford, and surrounding areas.  The market is all about supply and demand.  We have a good supply and some areas are in high demand.

Make it a great day and week!

Randy

Can you believe this?  I know, I know, it sounds too good to be true.  But it’s not.

More and more people have turned to purchasing mobile homes in the last few years, because that was all they could afford.  But now that home prices have fallen so much that it’s actually within reach again to purchase a home in the Lodi and Stockton real estate markets without having to give your body organs as collateral.

However, you’ll be steadfast to find a home, especially a FURNISHED home, in this price range unless grandma is selling to you and doesn’t know what her home is really worth.

The sellers of this charming little home are moving away to be closer to family and enjoy a more ‘mobile’ life than what their current residence provides them.

Their home is located in a quiet, cute little park on E. Lockeford St. in Lodi, CA.

Price Too Low To Pass Up!

We have many homes for sale in Lodi, but not too many at this low of a price, and certainly not ones that are fully furnished as well.

There’s also an electric GEM car up for bid too if you’re interested.

Make it a great day!

I was showing a home this morning in the Stockton real estate market to some wonderful clients of mine, and it always amazes me the things some people will leave behind when they move out of their homes.

You don't love me anymore?

This sectional, baby’s playpen, and MANY other items were just left behind at this home and I feel like holding a yard sale and donating all the proceeds to charity.  The thing is that it all still belongs to the current homeowner even though they seemingly have abandoned the home and all it’s contents.

Another thing they didn’t take with them was the awful odor that is lingering on throughout the home.  Especially in the garage where I believe they housed a cat or two.  :-/

It’s difficult sometimes to get clients to look beyond a home in such disarray to picture what it would look like in its cleaned up state.

I really feel for the homeowners that are being forced to make such drastic changes in their lives due to the current situation in the Stockton real estate market.  The number of Short Sales in Stockton seem to be increasing, but leaving behind so much furniture, exercise equipment, personal appliances, clothing, toys, etc., when a Short Sale is the option, is still a mystery to me.

First American CoreLogic reports that distressed properties accounted for 29% of all U.S. home sales in January. Also, real estate-owned sales rose to 22% of homes sales from 19% in December, and short sales rose to 8% from 7%.

National average sale prices in January were $161,600 for distressed homes, compared to the average non-distressed sale price of $247,700, $141,900 for REO properties, and $215,300 for short sales.

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• Distressed Sales Reach 29% of Entire Market: First American (housingwire.com)

If you’re thinking of something different to do this coming Saturday the 20th, then think no more.

Heritage Oak Winery Tasting Room Bar

Join other birding enthusiasts for the March edition of the Weekend Bird Walks. The tour will be led by David Yee who will guide the group across the vineyards of the Heritage Oak Winery in Lodi, CA.  You’ll be taken along the Mokelumne River and through our riperian woodland.  David is among the leading experts at native bird identification in San Joaquin County.

The walk will start at the winery at 9:30am. Sturdy walking shoes are highly recommended.  Binoculars and field guides are also helpful.  And of course bring your cameras.  Dress appropriately for the weather.  An optional lunch will be served at 11:30am with wine and must be ordered in advance.

The cost is $20 per person for the bird walk.  If lunch is desired afterward, there is an additional $10 charge.  Contact David at (209) 329-5490 to make your reservation, or email to the winery at info@heritageoakwinery.com and include your telephone number.  A credit card will reserve your place and meal.

The weather forecast for this Saturday is a low of 49 and a high of 75 and partly cloudy.  So enjoy!

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• Basic Bird Watching Apparel – The Must-Haves (yearn2blog.com)

Sales activity for the Lodi and Stockton CA area have been down the last couple of months.  Was it due to the bad weather?  No, it wasn’t that bad.  Was it due to no incentives to purchase?  No, we still have the extended $8,000 tax credit for first-time home buyers.

So, what’s the real reason for the lack of sales going on right now in the San Joaquin Valley?  Are people still afraid of falling home prices?  Could it be the inventory of homes that the banks are holding on to after foreclosure?

I’d like to hear from you out there…the public.  What are YOUR thoughts on this and what do you think it will look like in th upcoming months?

Here are the stats for the San Joaquin County, CA…

Les Misérables

School Edition

On Saturday night I had the pleasure of taking my family to the Saint Mary’s High School Theatre Dept’s rendition of the play, Les Misérables.  It was performed at the San Joaquin Delta College’s Tilly Lewis Theatre in Stockton, CA.

I must say that I haven’t attended very many plays other than the ones that my own children were in while in grade school.  I got a glimpse on Saturday of what I’ve been missing out on.  I really, I mean REALLY enjoyed the performance very much.  And I look forward to enjoying other performances that will be played out at Delta College.  It was a perfect venue, as I sat down in the 5th row and felt as if I was catching a glimpse of some of our future television and even movie stars.

This was the first time that Les Misérable School Edition was presented in Stockton, and it was the first time St. Mary’s Theatre group performed at Tillie Lewis Theatre, according to its director, Kevin Costello.

I highly recommend that anyone and everyone attend your local theatre productions.  You don’t know what you’re missing out on.

Make it a great day!

Randy

Image via Wikipedia

If you are a current real estate investor or looking into how to get started, then I recommend that you look into a new group in Stockton that is already making a name for itself in the “Where do I go to learn and network” circles.

Here is a link (CLICK HERE) that will take you to the site for the Real Estate Investor Community of Central Valley.  The 1st meeting was a great success!

Real estate investing is a hot topic right now, and especially in the Stockton and Modesto areas of the central valley in California.  These two cities were listed recently in a list of the Top 10 undervalued markets.

Be sure and check out the Investors link above and I’ll see you at the next event.