Home Price Gains In Stockton, Modesto

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(Sacramento, CA)
Wednesday, October 7, 2009
That’s according to data from Clear Capital. Kevin Marshall heads the Truckee-based real estate research firm.
“Modesto has a 3.6% quarter-over-quarter price appreciation and Stockton has a 5.4% up from 2.8% quarter-over-quarter numbers last month. So this is really good momentum to enter into a slower buyer season.”
Marshall says one reason home prices went up in September is that real estate activity traditionally picks up during the summer. He says prices are expected to soften again during the winter months.
Meantime in Sacramento, price gains are slipping. The Clear Capital data shows that in September, prices were up just over 6% from the previous four-months. That was down about 2.5% from August’s quarter-over-quarter numbers.
Clear Capital gets its data from recorders' and assessors' offices…and then calculates prices by comparing repeat sales of the same homes over the years.