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Mountain House housing market making comeback

4:59 PM, Jan 24, 2013   |    comments
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MOUNTAIN HOUSE, CA - Like many towns or cities in San Joaquin County, Mountain House was hit hard by the foreclosure crisis. 

Two years ago between 10 and 15 percent of the homes in that community west of Tracy were empty. Today, the number is practically zero.

The Noltings of Pleasanton are perfect examples of how the town has come back; they're considering a purchase as they near retirement.

"The price got too big, beyond reasonable levels, but now it's settled down," David Nolting said. "The homes are priced where they should be."

Mountain House was originally designed to be a town of about 40,000 residents. Currently, the town is about 25 percent built out. Now that the housing crisis appears to have reversed, Mountain House is back on track to grow. There's even a Mountain House High School being built for use in 2014.

The strong sales aren't a surprise for resident Valera Storey.  She noticed the interest last summer when she moved from the Seattle area.

"It was actually hard to purchase, they were going so fast," Storey said. "We'd be in the sales office, looking for a house and there'd be a line of people to look at one house."

Tracy, the next town to the east, is seeing similar success. City Manager Leon Churchill said this week it's not unusual for 10 to 15 offers to be made, when a house is put up for sale.

By Tim Daly, tdaly@news10.net 
Twitter: @timdaly52

News10/KXTV

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