📊 San Joaquin County Market Report

& Here’s What You Need to Know! 🏡

Hey everyone, Eric Fideldy here with your latest San Joaquin County Real Estate Market Update! Whether you're thinking about buying, selling, or just staying informed, I’ve got the inside scoop on what’s happening in our local housing market.

We’ll cover key trends like home prices, inventory, days on market, and what this all means for YOU as a homeowner or future buyer.

With interest rates shifting and buyer activity picking up in certain pockets, staying educated on the local market is more important than ever.

Let’s dive in—and if you have any questions about your home’s value or want to chat strategy, I’m just a call or text away.

🚨 Market Momentum Update! 🚨
We’re working hard and loving the hustle — currently with 4 homes in escrow, 3 active listings, and 2 amazing buyers on the move! 💪

📈 We’re also seeing a 20% increase in mortgage applications locally, which is a strong sign that buyer confidence is growing and more people are ready to make their move. This is great news for both buyers and sellers in our area!

It’s a busy season, but we’re here for it—helping families find the right home and navigate the market with clarity and care.

📊 San Joaquin County Market Update – April 17, 2025 🏡

Here’s your fresh pulse check on the real estate market—what’s moving, what’s growing, and what it means for you 👇

🔍 Current Trends (April 1–17, 2025):

Homes For Sale: 1,276
⬆️ Up 16.5% from last month
⬆️ Up a huge 105.5% compared to the same time last year

Homes Sold: 200
⬆️ Up 12.4% from mid-March
⬇️ Down 22.5% year-over-year

Pending Sales: 296
⬆️ Up 19.4% from last month
⬆️ Up 2.4% compared to April 2024

📅 Year-to-Date Snapshot:

Homes Sold (YTD): 1,274
⬇️ Slightly down 3.9% from this time last year

Pending Sales (YTD): 1,520
⬆️ Up 4.5% year-over-year

🎯 What This Means:
Inventory is climbing, giving buyers more options, while pending sales and activity remain strong. With a 20% uptick in mortgage applications locally, we’re seeing renewed buyer confidence. 🔑

Whether you're looking to buy, sell, or invest, now is a strategic time to explore your options.

📲 Let’s talk about how these numbers impact your real estate goals!

Call/text Eric Fideldy at 209-898-8619
📧 eric.fideldy@bhhsdrysdale.com

The San Joaquin County real estate market is showing signs of renewed activity as we move through April and into May 2025. Here's the latest:

📈 Inventory on the Rise

As of mid-April, active listings in San Joaquin County have increased by 16.5% compared to mid-March and have more than doubled year-over-year. This surge is providing buyers with more options and is helping to balance the market.

🏡 Sales and Pending Transactions

Sold Homes: 200 homes sold between April 1–17, up 12.4% from the same period in March but down 22.5% compared to last year.

Pending Sales: 296 homes went under contract, marking a 19.4% increase from March and a 2.4% rise year-over-year.

These figures indicate that buyer activity is picking up, even as closed sales remain below last year's levels.

💰 Home Prices and Mortgage Rates

Nationally, home prices are projected to grow modestly, with forecasts suggesting a 2.6% increase in 2025.

Mortgage rates are expected to hover around 6.5%, which may continue to impact affordability but also encourage more sellers to enter the market .

🔍 Local Market Dynamics

In Stockton, the median home price in January 2025 was $420,000, reflecting a 5.3% decrease from the previous year. However, the price per square foot has seen a slight uptick of 1.1%, indicating that while overall prices have softened, demand remains steady .

📊 What This Means for You:

The increase in inventory and pending sales suggests a more balanced market, offering opportunities for both buyers and sellers.

If you're considering making a move, now might be an opportune time to explore your options.

Feel free to reach out if you'd like to discuss how these trends affect your real estate goals.

Welcome Home!

2021 newer-built home offers modern living with a spacious open floor plan. Featuring three bedrooms and two full bathrooms, this charming residence sits on a generous 6,250 SQFT lot, complete with a newly added open-gated backyard, perfect for RV parking and storing all your toys. Step inside to vaulted ceilings creating an open concept living space.

The kitchen is an entertainers dream including granite countertops, stainless steel appliances, plenty of cabinetry, and an island with extra storage. Additional features include a tankless water heater, whole house fan, indoor laundry area, and dual-pane windows throughout with ceiling fans in each bedroom for energy efficiency. Outside, enjoy a cozy covered front porch, ideal for sipping your morning coffee. Plus a newly added front lawn, backyard concrete pad, and gutters. The long driveway provides extra parking convenience.

Situated near Riverbank High School, California Avenue Elementary, and Cardozo Middle School, this home is in a prime location. Enjoy life in Riverbank, a city known for its small-town charm, agricultural roots, and outdoor recreation near the

Stanislaus River.

📈 Mortgage Rate Trends

30-Year Fixed Mortgage Rate: The average rate has risen to 6.83%, marking the highest level since late February. This increase follows three consecutive weeks of declining rates and is attributed to a surge in bond yields amid investor concerns over recent tariff implementations.

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15-Year Fixed Mortgage Rate: Rates have climbed to 6.03%, up from 5.82% the previous week, reflecting broader market volatility. AP News

🔄 Refinance Rate Update

30-Year Fixed Refinance Rate: Currently averaging 6.72%, this rate has seen a slight uptick, influenced by the same economic factors affecting purchase mortgage rates. Forbes

15-Year Fixed Refinance Rate: Holding steady at 5.6%, offering homeowners a potentially more affordable refinancing option. Forbes

📊 Market Activity

Despite the recent rate increases, mortgage applications experienced a significant 20% surge in early April, indicating strong buyer interest.

However, the subsequent rise in rates may temper this momentum.

💡 What This Means for You

Homebuyers: The recent rate hikes could impact affordability. It's crucial to stay informed and consider locking in rates if you're planning a purchase.

Homeowners Considering Refinancing: With rates still below the peaks seen in early 2025, now may be an opportune time to refinance, especially if your current mortgage rate is significantly higher.

For personalized advice or to discuss your options, feel free to reach out. Staying proactive in this dynamic market is key to making informed financial decisions.

Thank you for taking the time to check out this month’s market report!

With four escrows in progress, three active listings, and a strong uptick in mortgage activity—about a 20% increase in applications—we're seeing encouraging signs of life in the spring market.

As we close out this update, my wife Nancy and I want to wish you and your family a Happy Easter filled with love, peace, and hope. May this season bring new beginnings, cherished memories, and a renewed spirit.

"Let us rejoice and be glad." – Psalm 118:24

Blessings to you and yours,

Eric Fideldy
📞 209-898-8619
📧 eric.fideldy@bhhsdrysdale.com

🏡 Berkshire Hathaway HomeServices Drysdale Properties
Your trusted neighbor and REALTOR®

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