Stockton Real Estate Report September 2016

November 26, 2016

Stockton Real Estate Report September 2016

If you are watching the real estate market in Stockton, Modesto, Manteca or Sacramento, it shouldn’t be a surprise that existing Home Sales in California overall grew on a year to year basis in September. It was the first time however that there was a year to year increase in seven months.

We Buy Houses Stockton — 2016 Home Sales in Stockton Outpaces 2015

According to the California Association of Realtors 2016 existing home sales saw a modest increase for the sixth straight month in California with a seasonally adjusted 425,680 existing homes sold in September. That number was up to 0.8 percent compared to existing home sales in September 2015. It was the sixth consecutive month that over 400,000 homes were sold.

“With new listings continuing to decline and demand still strong, especially at the lower end of the market, affordability will continue to remain a challenge for would be buyers.” CAR President, Pat “Ziggy” Zicarelli said in a recent press release.

Stockton, Manteca, Modesto and Sacramento remained one of the most affordable regions in the state. A median Priced home was $322,000 in San Joaquin County. Home Buyers in Modesto paid a median price of $270,000. Median prices in both cities remained stable with a slight drop of 1% as compared to August sales figures.

Central Valley Markets are still way above last year’s marks one year ago. Stockton’s house prices are up 9.2 percent from last year while Modesto and the surrounding area prices are up over 7.1 percent.

Affordability is really the key factor in existing home sales in Stockton and Modesto and while mortgage interest rates are still very low, there is not a lot of inventory of existing homes on the market that are in that affordable for first time home buyers.

I have witnessed home prices soar year after year for the past 9 years and especially in what I would term the entry level market. Keep in mind that home prices have continued to rise at almost double digit rates for several years and some entry level areas are experiencing triple digit adjustments in the past five years alone.

Keep in mind that the most dramatic areas of growth in sales price are with houses that have been remodeled and updated and are move in ready and have no issues with repairs. Also keep in mind that there are very few Retail Home Buyers that don’t require a bank or mortgage loan to purchase a house. With today’s banking rules that means that not only does the buyer need to qualify… so does that house. Many homeowners don’t realize that they can sell their house for cash to a real estate investor without making any repairs.

While distressed housing sales have declined from their 40 to 50 percent highs just a few years ago, cash sales still account for 25.1 percent of all real estate sales in the Stockton and Modesto real Estate Market.

My name is Peter Westbrook and I am a local real estate Investor, a cash home buyer with Westbrook Real Estate Investments. If you have a house to that you need to sell in Stockton, Modesto, Sacramento or Manteca, call me at 209-481-7780 and I will give you all cash, no obligation offer for your house.

There is no reason why you cannot sell your Stockton House for Cash on the day of your choosing.

Sell My Home in Stockton

We Buy Houses Stockton, The Man Behind the Sign

I Buy Houses Stockton Introduction (209) 481-7780 We buy Houses Stockton

My name is Peter Westbrook and I am a local real estate investor and the owner of We Buy Houses Stockton and Westbrook Real Estate Investments in Stockton, California. I am NOT a Real Estate Agent or Broker and for good reason. I purchase real estate and I am NOT going to ask you to pay a commission or a fee.…I pay CASH and because I do, I can close on the day that I tell you.

For those of you that already know me or have already called me you can attest that I answer my own phone and I return all phone calls. When you call me at 209-481-7780 you are calling me on the same number that my mother and my closest friends call me at.

Get Your Fair Cash Offer: Start Below!

We WILL BUY YOUR HOUSE in ANY CONDITION! We pay CASH and you will NOT pay any commissions or fees. Fill in your information below and get an all CASH offer for your House Fast!

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What Customers Say

The City of Stockton was getting ready to tear down my old house. I was no longer able to maintain the Stockton House and after years of trying to keep up with code violations, needed repairs and vandalism, I finally called Peter

Westbrook. He came right out and told me what he could do. He contacted the city and county and even cleaned up the property before he bought it. He paid the back taxes for me and gave me an advance on the purchase of the house. Without his help I would have lost everything. I called real estate agents and other investors but no one wanted to help and no one offered to pay as much as Peter Westbrook. He completely remodeled the house and I smile every time I go by. Thank you Peter.

Leonard S

We inherited our parents house with one of our brothers living there . The property taxes had not been paid and it was in Tax default. We called Peter Westbrook and he found that the title was still in our parents name, so the Stockton House never went through probate. Peter also found that there was an old auto loan that had a lien on the

title and an old bankruptcy ruling to take care of that lien had never been filed with the courts. Peter handled everything including paying the back taxes, paying for the hiring a Probate Attorney and filing the probate and paying for and hiring a Bankruptcy Attorney to finalize the removal of the lien. He was patient, understanding and he took care of everything including evicting the tenants that were living in the house. We talked to real estate agents and other I buy house people. None of them had the answers for our situation. Without peter we would have lost everything. We got paid cash.

Steve H

We inherited my parents Stockton house with a mortgage. We decided to rent it out. The tenants destroyed the house. I didn’t know what to do, I didn’t have the money to fix it and the city had already issued code violations.. I called an “I Buy Houses Stockton Sign” on a telephone pole and Peter Westbrook answered. In 4 days he paid the bank and bought my house. We would have lost everything if it weren’t for Peter Westbrook.

Mike B

I inherited my mothers house with a mortgage. When my husband and I lost our jobs, we got behind in payments. Then the Bank posted a default with a auction date we didn’t know what to do.

We didn’t have the $15,000.00 and we only had two weeks to do something. We called Peter Westbrook and form the beginning he was confident he could stop the bank. Within 4 days he bought the house with cash, paid off the bank and stopped the Foreclosure. Without Peter we would have lost everything.

Brenda T

I saw a sign on a telephone pole and against my better judgement I called. The last thing I expected was a person answering the phone. I was surprised, Peter Westbrook answered the phone. I had a lot of questions and Peter had the right answers. My mother needed to get as much as possible out of the house and we had talked to several real estate agents and they all wanted to sell it cheap and wanted a 6% commission. They all told us unless we put thousands of dollars into it could not be sold for what we wanted. Not Peter. He made a fair cash offer and since then we have sold him another house. Peter and the title company handled everything. I couldn’t be happier and I would recommend Peter Westbrook to anyone.

Cathy W

I needed to sell my Stockton House. I called a phone number I saw on a sign and talked to Peter Westbrook. The City of Stockton said that they were going to take away my vacant Stockton house, knock it down and send me the

bill to do it. I did everything that I could to try to make them happy. A neighbor offered to buy the house and then Peter offered me twice as much. He did everything he said he would do and I just had to go to the Title Company and sign the papers. He did all of the work and now the City of Stockton is his problem. Thank you Peter.

Ann C

I inherited my Fathers Stockton house. The front porch was falling in, the walls had holes from being vacant and vandalized. The City of Stockton fined us, red tagged the property and forced us to put on a new roof so we had to get loans and we still couldn’t rent it out.

I called one of those “I Buy Houses” signs and Peter Westbrook came out and made a cash offer. The House closed escrow and we got our money for a house we though was worthless. Thanks Peter!”

Broderick R.

“Our Grandfather passed away and my brother, sister and I inherited his Stockton house. He was a junkman and hoarder. He was also 90 years old and had not made a repair to the house in years. He had garage sales almost every day. The house and the yard were full of junk. We tried to get everything out so we could just see the house. We had family and friends come over on the weekends but the cost and effort was consuming all of our time.The house was a mess.

I called Peter Westbrook and he made us a cash offer for the house and he said he would take care of all of the clean up. Thank God I called. The City had issued code violations and fines on the property and even before we closed escrow Peter and his crew had the house and yard cleaned (4 large Dumpsters later) . I recommend Peter Westbrook to anyone that has a problem house. They were fast and professional”

Connie J.

“I had tried to sell my Mothers Stockton house for two years. Realtor’s told me to tear it down. I didn’t have the money for that and my Brother and his family were living there. Peter Westbrook made me a cash offer and closed escrow with my brother still in the house. Peter Westbrook is my savior. I don’t have to worry about the house any more. If you have a Stockton house that has become a burden and you don’t have the money to fix it to sell it, call Peter Westbrook.”

Rosemary R.

Stockton Real Estate Report September 2016

“With new listings continuing to decline and demand still strong, especially at the lower end of the market, affordability will continue to remain a challenge for would be buyers.” CAR President, Pat “Ziggy” Zicarelli said in a recent press release.

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