San Joaquin Valley Real Estate

Stockton, CA Real Estate

Stockton is the 13 th largest city in California and was founded by Captain Charles Maria Weber when he decided to start gold mining. This city was the first in California to have an English name instead of Spanish or Native American and was officially incorporated in 1850.

With a population of approximately 290,000, Stockton is also the fifth largest inland city in California. Like most cities in California, the economy of Stockton is dependant on tourism and agriculture. While Stockton is a farming city, it is also culturally diverse in the true nature of California. Stockton is home to the third oldest professional orchestra in California, The Stockton Symphony Orchestra.

Culture and education has been very important to residents of Stockton over the years and this dedication is evident in the many museums and educational institutions present in the city. With a reputation that matches most large cities in California, Stockton has been used in the making of dozens of major motion pictures and many other performances.

Stockton is one place that you can find the excitement of “Hollywood” and “Los Angeles”, with housing prices far below the averages of those cities. Housing prices have dropped tremendously in Stockton due to the collapse of sub-prime lending in 2007 and lead the country in foreclosures with one out of every thirty homes being posted for foreclosure.

The real estate market trend from August to October 2007 was:

Two bedrooms – average sales price: $203,738; median sales price: $199,479

Three bedrooms – average sales price: $269,900; median sales price : $270,000

Four bedrooms – average sales price: $343,550; median sales price: $332,500

Homes in Stockton are available in styles to meet your needs no matter what size family you have. With the foreclosures that have been occurring over the last year, the market is flooded with many houses that are being sold well under the appraised value and you are just in time to snag one of these lovely deals. Enjoy the big-city life without the big-city cost by purchasing your next home in Stockton, California.

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