Maintaining a spirit of gratitude and thankfulness, I persist in serving our esteemed clients with their real estate needs and investments. My passion lies in rising from the ground up and achieving excellence in all my endeavors. By educating others and consistently embracing a forward-thinking and growth-oriented mindset, I fuel my drive to advance alongside my clients, sharing in the success and generational wealth that assets like real estate and business ownership contribute to our lives.
Let's examine some current figures and explore new listings and opportunities in the market together. We can discuss whether this is the opportune moment for you to make your next move or investment. |
What is going on in Lodi, California? |
Economic Development Lodi is a thoughtfully planned City with a beautiful Downtown, exceptional regional access and a compact footprint that offers an ideal environment in which to work and live. Lodi’s business development opportunities present a compelling case for starting and growing your company here. Our leadership is committed to providing a positive business environment, fostering a proactive and supportive staff and encouraging economic and business diversity. Lodi's economic development activities are primarily focused on: Business Retention and Expansion Business Attraction and Jobs Downtown Tourism Marketing Location Lodi is financially and geographically well positioned to take advantage of the recovering economy. Projects currently under development include the Reynolds Ranch mixed-use project, Sunwest Village retail center and Rose Gate, a new master-planned single-family housing project. Even more projects are in the planning stages. |
For Sale vs. Sold: Current vs. Previous Metrics
From June 1-5, 2024, the real estate market experienced notable changes compared to previous periods. The number of homes for sale increased to 758, which is an 11.5% rise from 680 homes available from May 1-5, 2024. Compared to the same period last year, there was a significant 58.2% increase from 479 homes for sale. Year-to-date (YTD) figures also show a substantial 58.2% increase, with 758 homes for sale this year compared to 479 last year. :)
Conversely, the number of homes sold decreased to 32, marking a 42.9% drop from 56 homes sold from May 1-5, 2024. Compared to the same period last year, sales dropped by 23.8%, from 42 homes sold. The YTD figures reflect a slight decline of 1.5%, with 1,867 homes sold this year compared to 1,896 last year.
Pending sales from June 1-5, 2024, were 65, a 12.2% decrease from 74 pending sales in the previous month. However, this number remained unchanged compared to the same period last year. YTD pending sales showed a modest 0.9% increase, with 2,144 pending sales this year compared to 2,124 last year.
Recap and Insights:
The market's increase in homes for sale suggests a growing inventory, providing more options for buyers. The current figures are 758 homes for sale, up 11.5% from last month and 58.2% from last year. On the flip side, sales have decreased to 32 homes sold, down 42.9% from last month and 23.8% from last year, with a slight YTD decline of 1.5%.
Pending sales stand at 65, a 12.2% decrease from last month but unchanged from last year, with a YTD increase of 0.9%.
These dynamics create an advantageous scenario for buyers who can act now, as they have more choices and can negotiate better deals. Moreover, with the potential for prices to rise in the long term as demand catches up with supply, buying a home now can help you lock in current rates and avoid future price hikes. Investing in a home today could be a smart financial move before the market adjusts and prices increase. |
Residential Real Estate Mortgage Rate Update: Thursday, 6/6/2024
Below is your weekly mortgage interest rate update from the Nordby Team!
For those considering an FHA 30-year fixed mortgage, the rate is 5.750% with an APR of 6.682% on a loan amount of $490,944, making the monthly principal and interest (P&I) payment $2,865. If you qualify for a VA loan, the 30-year fixed rate is also 5.750%, with an APR of 6.159% on a loan amount of $510,750, resulting in a monthly P&I payment of $2,981.
For conforming loans, the 30-year fixed rate is 6.625% with an APR of 6.844% on a loan amount of $400,000, which translates to a monthly P&I payment of $2,561. If you prefer a shorter term, the conforming 15-year fixed rate is 5.750% with an APR of 6.095% on a loan amount of $400,000, making the monthly P&I payment $3,322.
For those looking at higher-priced homes, the jumbo 30-year fixed rate is 6.750% with an APR of 6.950% on a loan amount of $800,000, resulting in a monthly P&I payment of $5,189.
Now is a great time to buy if you can afford it. When mortgage rates fall, home prices tend to get bid up, leading to higher sales prices. Locking in a mortgage at the current rates can help you avoid the potential price increases that often accompany lower rates. For personalized assistance and more details, feel free to contact Eric so he can direct you to the Nordby Team for further assistance! Thinking of upgrading, downsizing, investing, moving areas, moving neighborhoods or upsizing into your FOREVER home? Do not stress I am here to help you every step of the way. What is your current home worth? |
DO WANT TO SELL YOUR HOME BUT IT STILL NEED'S SOME SMALL ADJUSTMENTS TO THE PROPERT BEFORE HITTING THE MARKET? DO YOU NEED SOME QUICK CASH TO MAKE IMPROVMENTS? BHHS and our GetReady Capital program could be THE KEY! |
Streamline your home sale with GetReady Capital. |
Getting your home ready for market doesn’t have to be a daunting task, nor does it have to fall solely on your shoulders. Put the power of Berkshire Hathaway HomeServices Drysdale Properties to work for you! |
Residential Lot. Seize the chance to build your dream home on this prime 7,624 sqft (0.18 acre) residential lot located across from the corner of 2nd Street and B Street in Galt, CA. Nestled next to a local school, this spacious lot offers a tranquil and family-friendly environment, perfect for those looking to lay down roots in a community known for its welcoming atmosphere. Imagine your future home surrounded by excellent schools, beautiful parks, and the charm of small-town living, all while being just a short drive from the bustling amenities of Sacramento. This lot is not only ready for development with utilities easily accessible, but it also presents a fantastic investment opportunity in Galt's growing residential market. Building here means becoming part of a community that values connection and quality of life, making it an ideal place to raise a family or enjoy a peaceful lifestyle. Don't miss out on this exceptional opportunity to create a personalized living space in a sought-after location. This prime piece of real estate won't last long! Call today! |
Do not wait to make your escape to your own piece of paradise atop a serene mountain with breathtaking views. This five-acre parcel offers an ideal setting to build your dream home or vacation retreat. Nestled in the charming town of Dobbins, California, this property promises tranquility at an unbeatable price. Surrounded by majestic mountains, pristine lakes, and winding rivers, this location is a haven for outdoor enthusiasts. Whether you enjoy fishing, wakeboarding at Bullard's Bar Reservoir, or soaking up the sun along the North, Middle, or South Fork Yuba Rivers, endless adventures await just beyond your doorstep. Embrace the thrill of mountain biking in nearby Downieville, a historic mining town rich in natural beauty and recreational opportunities. With so much to explore and experience, this area is perfect for retirees seeking peaceful serenity or families craving adventure and connection with nature. Don't miss your chance to make this picturesque retreat your own! Come discover the limitless possibilities awaiting you in Dobbins, California! |
Thank you for taking the time to read this email today. Let us know if you have any questions or if there is anything in the world that we can do for you today. Have a great day & remember we appreciate all your referrals! Sincerely, Eric and Nancy Fideldy Your FOREVER agent's. |
|
Based on information from California Regional Multiple Listing Service, Inc. as of September 27, 2026 6:28 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Last updated: September 27, 2026 6:07 PM UTC Property Information © 2026 
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination.
MetroList CA data last updated: September 27, 2026 5:56 PM UTC 