Thirty year ago spending $124,990 in Manteca would buy an average resale home of 1,200 to 1,600 feet including the land.
Today for $40 less you can purchase a two-bedroom and two-bathroom mobile home with 1,536 square feet that’s located in El Rancho on East Yosemite Avenue. The $124,950 list price for the home built in 1972 doesn’t include the monthly space rent. You also must be 55 years or older as El Rancho is an age-restricted mobile home park.
There is only one “house” in all of Manteca you can buy for that price or less that isn’t in an age-restricted mobile home park.
That house is a 1,272 square-foot mobile home that was built in 1977 and is located in the Almond Blossom Mobile Home Park with two bedrooms and two bathrooms listed for $99,500. The price, of course, doesn’t include space rent.
There are also four mobile homes for less than $124,990 for sale in age-restricted El Rancho. The least expensive is $65,000 for a one bedroom, one bathroom mobile home built in 1974.
Back in 1992 there were no mobile homes on the Manteca resale market that cost over $100,000. Today there are five.
The most expensive of those is $163,900 for a two bedroom, two bathroom, 1,349-suare-foot mobile home built in 1977 that’s located on the Oakwood Mobile Home Park on the western end of Woodward Avenue.
The Manteca resale market actually includes a new manufactured home built in 2021 with two bedrooms and two bathrooms and 747 square feet of living space in the Southland Mobile Home Park southeast of the Lathrop Road and Highway 99 interchange.
Just like with other housing types on the resale market, the prices of manufactured homes in mobile parks as you head south, north and west of Manteca are lower.
Modesto as an example has 36 mobile homes for sale ranging from $45,000 to $157,000. There are 15 less than $100,000 including eight listed below $75,000.
The median price of all the homes sold in Manteca in 2021 was $495,000 or almost quadruple the 1992 median closed escrow price.
Based on Reltor.com statistics the median listing price for resale homes in December 2021 was $599,700, up 24.3 percent from December 2020. The median price homes that sold was $615,000.
Currently there are three homes for sale in excess of $900,000 including a three bedroom, two bathroom home on Calaveras Court with 2,215 square feet in the Discovery Creek neighborhood neasr Joshua Cowell School that is listed for $1,099,000. Built in 1999 it’s the largest lot for a tract home in Manteca with over 18,000 square feet.
To contact Dennis Wyatt, email dwyatt@mantecabulletin.com
