Stockton Real Estate Trends 2022
The Stockton, CA, area has continued to see a lot of growth in recent years. Those that live in this area will enjoy a strong local economy and can also benefit from the continued appreciation of housing values. When you are looking to purchase a home in this part of California, it would be a good idea to know the recent real estate trends.
Continued Value Increases
One of the trends that real estate owners and buyers will find in Stockton is a continued increase in value. In Stockton, the median sale price in July 2022 was around $440,000. This is more than a 10% increase compared to the same period just 12 months prior. It is also more than a 30% increase compared to July 2020, when the median sales price was just over $340,000.
Reducing Demand
Similar to other markets across California and many other parts of the country, the real estate market has been a seller’s market for the past two years. However, as housing prices have continued to increase and interest rates have risen, the combined cost is making many markets less affordable. It now appears that the markets are slowing, and it is becoming a more balanced housing market.
For the past few months, the median housing price sold in Stockton has been relatively flat. Furthermore, the average amount of time that a home sits on the market prior to selling has also continued to tick up. This indicates that total demand could be declining, which could make it more challenging to sell a home in the future.
Sell to Frank Buys Houses
While it has continued to be a good idea to invest in real estate in the Stockton, CA, area, there may come a time when you want to sell your home. When looking to sell a property in any market, you may find that it is expensive, time consuming, and stressful. For those in this market, a better option is to sell your home to Frank Buys Houses. There are various benefits that come with selling to our company.
Quick Process
One of the advantages of selling your home to Frank Buys Houses is that you can sell your house fast. When you are looking to sell a home during a normal real estate process, you could find that your home can sit for weeks or months before receiving a fair offer. Once that is done, it could still take a couple of months for the sale to complete. When selling your home to Frank Buys Houses, you can receive a fair, all-cash offer in a matter of weeks.
When selling to our company, you can start the process by filling out a quick online form about your home. We then schedule an in-home consultation. Once that review and inspection is complete, our company can provide you with a fair offer based on the market value of your property. If you come to an agreement, your home could be sold within a matter of weeks.
No Repair Needs
One of the biggest challenges that people will have with selling a home is fixing it up and preparing for sale. The process of staging a home for marketing purposes can be time consuming. Further, if you come to an agreement, you will undoubtedly need to have your home properly inspected. If the inspection does not go perfectly, you could be required to make repairs or provide a sizable repair credit at close.
When you sell your home to Frank Buys Houses, we buy houses in any condition. Not only will you be able to sell your house fast, but you will also not have to make any of these repairs. An added cost savings is that you will not have to pay real estate fees and other closing costs, which otherwise can be quite expensive.
There are clearly advantages that come with selling your home to Frank Buys Houses. When we buy houses, we offer a quick closure, and you can start the process today. Contact us today to learn more about the process and advantages of selling your home to Frank Buys Houses.