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Lodi, CA Real Estate News

By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
Aug 15 - Stockton Record - CLOSED listing real estate transaction for July 14-20 from information compiled from County records:           Total sales:  146; Sellers identified as Banks or REO-type:  67, with 30 different firms selling (top 3: Federal National Mortgage-12; Deutsche Bank-6 and Wells Fargo Bank-6; Federal Home Loan Mortgage-5) New Homes: 2 Focus on Lodi:  Total: 7; REO: 3; New: 0 Aug 18 - Washington, AP - "Data on recovery mixed" - reports that the indicators are not consistent.  While manufacturing grew in July with the highest boost since July of '09, the outlook for the housing market remains "dim." Home construction representing 80% of the market fell as did new building permit requests.  Aug 18- Washington, AP - "Mortgage summit brainstorms ideas" - Banking executives...
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
A lot of new inventory has been added to the San Joaquin County new homes landscape.  The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 8/15/10: San Joaquin County:  Total Projects Reporting:  25; Traffic: 392; Sales: 14; Cancellations: 5;          Net Sales: 9; YTD Sales: 429 Focus on Lodi Statistics: Total Projects Reporting: 0; No other data available Lathrop reporting 3 projects: 0 new releases, 17 available inventory; Linden reporting 1 project: 1 new releases, 1 available inventory; Lodi reporting 0 projects: no other information available Manteca reporting 12 projects; 24 new releases, 107 available inventory; Mountain House reporting 4 projects: 0 new releases, 20 available inventory; Stockton reporting 3 proj...
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
 OK, so here goes.  While I have been creating a few blogs, from time to time, relating to the market in Lodi, this is the genesis of a whole new endeavor .... for a whole new reason!! I recently moved my team office from one area of the Central Valley of California to another.  While the move was not great in terms of mileage, it has been monumental in many other ways.  It is those ways that I hope to serialize, from time-to-time over the next several months. So here are the two objectives of the task: 1) To introduce us, both you the reader and me, to this wonderful, mystical, magical and very real place called Lodi, California; 2) To expand my blogging knowledge of techniques and technology. I have been a person that usually develops a sense of perfection in the pursuit of my endeavo...
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
While looking for buying opportunities don't forget the obvious.  The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 8/8/10: San Joaquin County:  Total Projects Reporting:  26; Traffic: 339; Sales: 9; Cancellations: 6;                 Net Sales: 6; YTD Sales: 420 Focus on Lodi Statistics: Total Projects Reporting: 0; no other information available. Lathrop reporting 4 projects: 0 new releases, 20 available inventory; Linden reporting 1 project: 0 new releases, 1 available inventory; Manteca reporting 12 projects; 0 new releases, 86 available inventory; Mountain House reporting 4 projects: 0 new releases, 20 available inventory; Stockton reporting 3 projects: 0 new releases, 25 available inventory; Tracy reporting 1 pro...
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
Sometimes we are just trying to find inventory for our buyers - and we forget the obvious.  The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 8/1/10: San Joaquin County:  Total Projects Reporting:  26; Traffic: 262; Sales:17; Cancellations: 5;                Net Sales: 12; YTD Sales: 414 Lodi Statistics: Total Projects Reporting: 0; No data available Lathrop reporting 4 projects: 11 new releases, 21 available inventory; Linden reporting 1 project: 0 new releases, 1 available inventory; Lodi reporting 0 projects: no other information available Manteca reporting 12 projects; 0 new releases, 91 available inventory; Mountain House reporting 4 projects: 5 new releases, 20 available inventory; Stockton reporting 3 projects:...
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
This week in Lodi - Real Estate related news summaries 8/7/10 - 8/13/10 Aug 8 - Stockton Record - CLOSED listing real estate transaction for July 8-14 from information compiled from County records:           Total sales:  99; Sellers identified as Banks or REO-type:  42 (top 3: Federal National Mortgage-7; Dept of Housing-3, Federal Home Loan Mortg-3, US Bank- 3; Aurora-2, Bank of NY-2,Deutsche Bank-2, First Franklin-2,JP Morgan Chase-2, ); New Homes: 2 Focus on Lodi:  Total: 6; REO: 2; New: 0 Aug 12 - Washington, AP - "Home prices rise but may fall back" - reports that 2/3 of US housing markets show price increases attributed mostly to spring incentives. It continues that the boost faded shortly after the expiration of the tax credit late April.  Aug 13- Washington, AP - "Mortgage rate...
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
Sometimes we are just trying to find inventory for our buyers - and we forget the obvious.  The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 7/25/40: San Joaquin County:  Total Projects Reporting:  26; Traffic: 290; Sales:11; Cancellations: 1;                Net Sales: 10; YTD Sales: 65 Lodi Statistics: Total Projects Reporting:  No Projects Reporting - statistics unavailable
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
This week in Lodi - Real Estate related news summaries 7/24 - 7/30/10 July 24 - Lodi News-Sentinel - Ralph Lea and Christi Kennedy recap a vintage playback highlighting the impact of the City decision to take over operations of water and electricity.  Included in the story were other news events from July 1910.  July 27 - Washington, AP - "Home sales take a dive" and economists propose that prices will likely go lower.  Standard and Poor's Case-Shiller index forecasts average loss in home prices to be nearly 2% this year.  Moody's analysts are predicting 10% drops in Phoenix, Miami and Las Vegas - areas already suffering with over 50% declines in values.  Some experts expect a rise in prices for the next few months because of the tax credit increases in demand. July 28 - Washington Mark...
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By Jack Mossman - The Nines Team at Keller Williams in Lodi, The Nines Team in Lodi
(The Nines Team at Keller Williams in Lodi)
This week saw more action in news production arena.  Radio and television continue to hammer on the national scene, so here's a recap on the local one:  July 18 - Stockton Record - listing real estate transaction for June 21-24 from information compiled from County records:  Total sales:  98; Sellers identified as Banks or REO-type:  58 (top 3: Federal National Mortgage - 13; Federal Home Loan Mortgage-12; Wells Fargo-3, Electronic Mortgage-3, Aurora-3); New Homes: 0 July 20 - Stockton Record - by Zachary Johnson - relates the expectation that 90,000 San Joaquin County residents will have lower property tax bills.  Article includes a bar chart comparing assessed values over a two-year period. July 21 - Stockton Record - by Scott Smith - Reports on San Joaquin County District Attorney fo...
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Do you need a Central Valley Short Sale Specialist?  If you have any questions or would like to discuss any real estate related issue please contact Pat Holkesvig at (209) 471-6516 or complete our Contact Form. Pat Holkesvig & Your Home Team specialize in Stockton short sales, Lodi short sales, Lathrop short sales, Manteca short sales, Elk Grove short sales, Tracy short sales, Ripon short sales and Tracy short sales. Request a cost-free FREE MARKET EVALUATION for your home at the Valley's BEST homepage homes-in-stockton.com. Click here to search the MLS like a realtor or the following links to view the homes available in the following neighborhoods! Brookside Brookside Golf Morada Lincoln Village Morada West Spanos West Lincoln Village West Quail Lakes Spanos East Weston Ranch UOP Lodi...
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By Corie Gorham
(Century 21 M&M)
If you motto is Run for Wine or Walk for Wine, then  Avenue of the Vines Half Marathon & 5k is just what your looking for. We start and finish at Woodbridge Winery. This event is friendly to all runner skill levels and walkers. At the finish, all participants receive a free t-shirt, finishers medal and a commemorative wine glass, to enjoy the free wine tasting at the finish line post-race-party. Race Day May 16th, 2010. Fees $50 for the half marathon, if registered by March 31, 2010$55 between April 1 - May 10$62 on May 14 - 15 Registration To reserve your spot in the spring 2010 running of the Kaiser Permanente Avenue of the Vines Half Marathon, register online at Active.com. Website www.fleetfeetstockton.com
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Great news for City of Lodi residence. For a limited time, Lodi Electric Utility is DOUBLING rebates for all energy conservation measures listed. The funds for the new rebate program, effective January 1, 2010, may go quickly so act FAST. Here is a list of the items and rebates: Whole House Fan-$200 rebate Attic Fan-$80 rebate Attic/wall Insulation-$.45/square ft. rebate Central Heating and Colling System Performance Test-$200 rebate High Efficiency Air Conditioner, 15+ SEER unit-$350 rebate Ultra-high Efficiency Air Conditioner, 17+SEER unit-$450 rebate High Efficiency heat Pump-$300 rebate Air duct Repair-$400 rebate Air Duct Replacement-$1500 Radiant Barrier/Thermal Shield-$300 rebate Shad Screens/Window Tinting-$1.00/square foot rebate The maximum rebate a residential customer may r...
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By Corie Gorham
(Century 21 M&M)
13th Annual Wine & Chocolate Weekend February 13 & 14th, 2010 - Saturday & Sunday, 11am to 4pm Spend your Valentines Day weekend sipping delicious Lodi wines and grazing on decadent chocolates. YUMMY! Over 40 wineries in the Lodi Appellation will be participating in the 13th Annual Wine and Chocolate extravaganza. Tickets are only $35 in advance and $45 at the door. Click Here for a list of Participating Wineries. Hope to see you there! Cheers, Corie
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By Bryan & Neilla Vargem
(SJC Real Estate )
Good Day Well here we are, just as a re-cap we started signing up with companies about 60 days ago. We have filtered through the BPO mills and companies that issue REO Listings. We have had a wide variety of different BPO on both the commercial and residential side. This has been a great experience and we have learned a ton about our market and the future coming. Now with that being said we and not trying to learn our market by doing BPO's, our goal is to get listings. We started this journey to see if all the nay Sayer's were right, you know the agent that say" its too late to get REO Listings" That the market is saturatedwith agents like you trying to get listings. Now we are in-line to get REO listings and making good money while we do it. We always believe in positive thinking, and ...
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By Bryan & Neilla Vargem
(SJC Real Estate )
OK, so the journey continues. We are getting BPO's from several companies at this time, commercial and residential. When we first started signing up to these companies, we were only getting orders from one company. Now we get 1-3 companies a week calling us personally and asking us if we can get them done or rush them. Now we had to ask ourselves, do we really want them (some are very rural and very unique properties). We figure hard work pays off so we take them all. 90% of them are slam dunks, we are in one of the foreclosure capitals of the USA its that 10% that you really learn from. And we have built upon or skills by taking the hard ones, so we suggest everyone do it. Well we should be getting or first listing anytime now we can feel it, and if we don't we are learning so much abo...
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By Mike Young, FHA 203k Consultant 828-469-7462
(203kOnLine.com, covering the USA)
Can you do an FHA 203k loan on a manufactured home... Yes. How about this. You want to replace your manufactured home... use the existing pier and post foundation and document it. We suggest that you make your "mark" on the existing piers so they can be identified under the new home. Years ago we had a lot with 3 pier and posts on the lot in the rubble after the city razed the homes on that block. HUD was contacted and we were given permission to build a home on that portion of the foundation and those piers were put just inside the crawl space access door so they could easily be found. The manufactured scenario is very similar in concept. Just be sure to use as many of the piers as you can.
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By Bryan & Neilla Vargem
(SJC Real Estate )
Happy Sunday to you all, well yesterday we had to do our first out of town BPO's. Two different companies called us and asked us to do them a favor, we of course said sure. One was a Gas Station commercial property in South Lake Tahoe CA. I have done my fair share of commercial deals, but this was our first commercial BPO. I cant lie it was a tough one (to find comps) but had great luck searching on Biz Ben and found some gas station brokers who gave me a had. The other one was in Murphy's CA, nice little townhouse style property in the heart of the foothills. The drives were great and we had a great time together just talking and site seeing. What a great business we are have, one that will take us to new places and get paid to do it. We did these BPO because they asked and could tell ...
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By Bryan & Neilla Vargem
(SJC Real Estate )
So far we are doing about on average 3 BPO's per day. we think that is great considering we just entered this type of market. We have had a few asset management companies state to us that we will be receiving REO listings coming up in the next 30 days (and not our area us as a team). So our question to all is now that we are signed up with all the companies and receiving BPOS. should we start contacting the companies direct to butter them up to get their listings? We have see mixed feeling about calling companies Any and all positive comments welcomed Bryan & Neilla Vargem
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By Corie Gorham
(Century 21 M&M)
  ZinFest Wine Festival is a great celebration of Lodi wine, food and fun!This year, three distinct events make up this weekend of wine tasting bliss. Friday, May 15 will be the ZinFest Vintner's Grille - a casual evening of fine wines under the stars at Lodi Lake. Saturday, May 16 will be the main event- ZinFest Wine Festival, and the weekend will wrap up with Winery Open Houses throughout the region on Sunday, May 17. CHEERS!                
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By Corie Gorham
(Century 21 M&M)
  That's right, Wine and Chocolate weekend in Lodi! Over 40 venues will be participating in this years event. Our local wineries will be offering tastes of their their wine, paired with delicious chocolate. There will also be live music, new releases, food pairings, art shows, and tours. At Chocoholics chocolate factory in Clements, visitors will be able to go on a tour and view the making of their edible delights.  Tickets are $35 in advance through www.lodiwineandchocolate.com or by calling the Lodi Wine & Visitor Center (877) 367-4757, and are $45 the days of the event at any participating winery location. Price includes a commemorative dark chocolate bar and tasting glass. Upon ticket redemption at a participating winery, open your chocolate bar and see if you are a winner! There a...
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