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Resale housing prices nearing 2001 levels in Manteca

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POSTED December 21, 2008 1:09 a.m.
The median price of existing homes that have closed escrow inside Manteca’s city limits are within three weeks of hitting the 2001 levels.
Homes sold through the Multiple Listing Service overseen by the Central Valley Association of Realtors reached 1,108 homes on Thursday for a median of $229,000.
That represents a record one-year drop in terms of both dollar amount — $116,000 — and percentage — just under 33%.
There are 199 deals pending with a median price of $180,000. Once they close, the median sales price will drop to right around $218,500 or the level they were at in Manteca in 2001. There are 412 active listings with a median asking price of $204,500.
Three out of every previously existing 50 homes in Manteca have now changed hands so far this year. That’s based on the 17,519 single-family homes that existed as of Jan. 1, 2007 in Manteca. The sales pace is also a record for Manteca.
 
10 lowest priced deals
The 10 lowest priced homes to close escrow in Manteca so far his month are:
• $65,000 for three bedrooms, two bathrooms with 1,313 square feet at 220 S. Lincoln Ave.
• $80,000 for two bedrooms, one bathroom with 783 square feet at 223 E. Alameda St.
• $90,000 for three bedrooms, one bathroom with 1,094 square feet at 327 Edward Ave.
• $90,000 for three bedrooms, two bathrooms with 1,241 square feet at 1296 Spruce Lane.
• $100,000 for three bedrooms, two bathrooms with 1,064 square feet at 624 Diane Drive.
• $103,000 for three bedrooms, two bathrooms with 1,068 square feet at 414 Dan St.
• $103,721 for three bedrooms, two bathrooms with 1,092 square feet at 915 S Main St.
• $114,000 for three bedrooms, two bathrooms with 1,326 square feet at 1218 Todd St.
• $115,000 for three bedrooms, two bathrooms with 1,073 square feet at 434 Lode St .
• $115,000 for three bedrooms, two bathrooms with 1,158 square feet at 933 Garden Gate Drive.

10 highest priced deals
The 10 highest priced homes to close escrow in Manteca so far this month are:
• $210,000 for three bedrooms, two bathrooms with 1,846 square feet at 422 March Drive.
• $215,000 for four bedrooms, three bathrooms with 1,912 square feet at 1459 Blush St.
• $215,000 for three bedrooms, three bathrooms with 1,713 square feet at 1889 Pin Oak Court.
• $230,000 for three bedrooms, two bathrooms with 1,757 square feet at 1938 Lugano Way.
• $240,000 for three bedrooms, two bathrooms with 1,870 square feet at 1081 Mission Ridge Drive.
• $246,000 for three bedrooms, two bathrooms with 2,477 square feet at 1452 Primavera Ave.
• $267,000 for five bedrooms, three bathrooms with 2,542 square feet at 2126 Wisteria Way.
• $267,123 for three bedrooms, three bathrooms with 2,721 square feet at 1569 Deerpark Drive.
• $275,000 for five bedrooms, three bathrooms with 2,780 square feet at 907 Maggiore Lane.
• $465,000 for eight bedrooms, five bathrooms with 4,374 square feet at 1980 Arlington Court.
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