The latest Market Stats have just come out from the Tuolumne County Association of Realtors, and contrary to what the press will tell you, Real Estate is alive and well in Tuolumne County!
Compare 2006 Residential to 2007 Residential: In 2006 there were 621 sales, median price of $349,000. In 2007 there were 509 sales (off 19%), median price of $327,500 (off 7%). What this tells us is that although there were slight price adjustments made from 2006 to 2007, it wasn't dramatic. And, although the sales were off, Tuolumne County fared much better than the Central Valley and Sacramento regions. in all actuality, 2007 was the Fifth best Real Estate ever--not bad for a "down" market.
Here at Prudential California Realty we opened more contracts in January 2008 than in all of November and December of 2007, plus reports of multiple offers are coming in.
We cannot help but notice as well the number of internet leads we're getting, up dramatically from December. Could it perhaps be a combination of good pricing as well as incredible interest rates? And, the Feds keep helping us out at every turn.
I would say, now's the time to buy--what are you waiting for?
