1 in Every 20 Manteca Homes Sell
Posted by jackieleal on November 2, 2008
1 in every 20 Manteca homes sell
Dennis Wyatt
Managing Editor
One in every 20 of all previously owned homes in Manteca have sold since Jan. 1.
It is a torrid sales pace unprecedented in Manteca.
There have been 892 homes that have closed escrow out of the 17,519 single-family homes that existed as of Jan. 1, 2007 in Manteca
The last time 1,000 plus sales were racked up, the Manteca Multiple Listing Service lumped Lathrop, Ripon, Manteca, French Camp, and Escalon sales all into one statistic. Manteca should hit 1,000 sales by itself with ease. There are 233 pending sales that, if all close in the next 30 days, will put the Manteca sales number at 1,135 sales with a month left to go in 2008.
Manteca home sales were at 5 percent of all single-family homes as of Oct. 27. It could hit 6.5 percent by Dec. 1 and establish a record-high 7 percent pace by year’s end.
The five communities previously lumped together – Manteca, Lathrop, Ripon, Escalon, and French Camp – have recorded 1,552 sales so far this year with another 461 deals pending.
This entry was posted on November 2, 2008 at 8:29 pm and is filed under Bank Owned, Home Buying, Uncategorized. Tagged: Bank Owned Homes, Central Valley foreclosures, First Time Buyers, manteca real estate, MERCED COUNTY BANK OWNED, PRUDENTIAL CALIFORNIA REAL ESTATTE, Prudential California Realty, reo, San Joaquin Bank Owned, stanislaus bank owned, Tracy real estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
