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Wednesday, April 26, 2017

Sacramento Real Estate Video Market Update April - May 2017



Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics.

In March, the median price increased to $328,000 compared to $325,000 in February.

More importantly,  the median is 6.8% higher than a year ago.

Currently there is 1.1 months worth of inventory.  I expect that number to increase more as we approach the spring/summer seasons but not drastically.  A “normal” or “balanced market” is considered around 2.5— 3 months.

The homes that are priced right, show well and have a high quality marketing plan are getting sold quickly.  However, the properties that are over priced are sitting with little activity until the list price is in line with the true market value.  The overpriced properties are having price reductions to try and get more attention.

I’m calling it a “price sensitive sellers market.”


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Tuesday, April 25, 2017

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 4/25/2017

I'M A STATS GEEK AND LOVE ANALYZING THE SACRAMENTO REAL ESTATE MARKET NUMBERS, SO...
EVERY TUESDAY I PROVIDE A QUICK SNAPSHOT OF WHAT'S GOING ON WITH THE MARKET.
CALL/EMAIL/TEXT/OR LEAVE A COMMENT BELOW IF YOU HAVE ANY QUESTIONS OR OPINIONS...





ACTIVE INVENTORY
1,543   AVAILABLE HOMES ON THE MARKET
1,452   LAST WEEK
1,460   TWO WEEKS AGO
1,381   THREE WEEKS AGO
1,356   FOUR WEEKS AGO
1,355   FIVE WEEKS AGO
1,394   SIX WEEKS AGO
1,404   SEVEN WEEKS AGO
1,345   EIGHT WEEKS AGO

PENDING INVENTORY
2,243   HOMES CURRENTLY IN ESCROW
2,239   LAST WEEK
2,230   TWO WEEKS AGO
2,184   THREE WEEKS AGO
2,165   FOUR WEEKS AGO
2,139   FIVE WEEKS AGO
1,997   SIX WEEKS AGO
1,898   SEVEN WEEKS AGO
1,871   EIGHT WEEKS AGO

MEDIAN PRICE OF HOMES SOLD FOR THE MONTH
APRIL 2017: SO FAR THIS MONTH - $332,000
MARCH 2017  -                 $328,000
FEBRUARY 2017   -          $325,000
JANUARY 2017  -              $305,000
DECEMBER 2016:  -          $315,000
NOVEMBER 2016 -           $325,000
OCTOBER 2016 -              $321,000
SEPTEMBER 2016 -          $318,500
AUGUST 2016 -                 $324,000
JULY 2016  -                      $322,000
JUNE 2016 -                      $329,000
MAY 2016 -                        $319,000
APRIL 2016  -                    $310,000
MARCH 2016  -                 $307,000
FEBRUARY 2016  -           $299,000
JANUARY 2016  -              $284,950
DECEMBER 2015 -           $297,000
NOVEMBER -                    $290,885
OCTOBER -                       $290,000
SEPTEMBER 2015 -          $290,000


CLOSINGS FOR THE MONTH
APRIL 2017: SO FAR THIS MONTH - 1,040
MARCH 2017   -                1,407
FEBRUARY 2017  -           1,004
JANUARY 2017 -              1,101
DECEMBER 2016 -          1,530
NOVEMBER 2016 -          1,434
OCTOBER 2016 -             1,584
SEPTEMBER 2016 -         1,647
AUGUST 2016 -                1,799
JULY 2016 -                      1,622
JUNE 2016 -                      1,815
MAY 2016 -                        1,612
APRIL 2016 -                     1,554
MARCH 2016  -                 1,440
FEBRUARY 2016  -           1,019
JANUARY 2016  -               918
DECEMBER 2015 -           1,573
NOVEMBER -                    1,204
OCTOBER -                       1,520
SEPTEMBER -                   1,601



Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Tuesday, April 18, 2017

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 4/18/2017

I'M A STATS GEEK AND LOVE ANALYZING THE SACRAMENTO REAL ESTATE MARKET NUMBERS, SO...
EVERY TUESDAY I PROVIDE A QUICK SNAPSHOT OF WHAT'S GOING ON WITH THE MARKET.
CALL/EMAIL/TEXT/OR LEAVE A COMMENT BELOW IF YOU HAVE ANY QUESTIONS OR OPINIONS...





ACTIVE INVENTORY
1,452   AVAILABLE HOMES ON THE MARKET
1,460   LAST WEEK
1,381   TWO WEEKS AGO
1,356   THREE WEEKS AGO
1,355   FOUR WEEKS AGO
1,394   FIVE WEEKS AGO
1,404   SIX WEEKS AGO
1,345   SEVEN WEEKS AGO
1,367   EIGHT WEEKS AGO

PENDING INVENTORY
2,239   HOMES CURRENTLY IN ESCROW
2,230   LAST WEEK
2,184   TWO WEEKS AGO
2,165   THREE WEEKS AGO
2,139   FOUR WEEKS AGO
1,997   FIVE WEEKS AGO
1,898   SIX WEEKS AGO
1,871   SEVEN WEEKS AGO
1,859   EIGHT WEEKS AGO

MEDIAN PRICE OF HOMES SOLD FOR THE MONTH
APRIL 2017: SO FAR THIS MONTH - $331,250
MARCH 2017  -                 $328,000
FEBRUARY 2017   -          $325,000
JANUARY 2017  -              $305,000
DECEMBER 2016:  -          $315,000
NOVEMBER 2016 -           $325,000
OCTOBER 2016 -              $321,000
SEPTEMBER 2016 -          $318,500
AUGUST 2016 -                 $324,000
JULY 2016  -                      $322,000
JUNE 2016 -                      $329,000
MAY 2016 -                        $319,000
APRIL 2016  -                    $310,000
MARCH 2016  -                 $307,000
FEBRUARY 2016  -           $299,000
JANUARY 2016  -              $284,950
DECEMBER 2015 -           $297,000
NOVEMBER -                    $290,885
OCTOBER -                       $290,000
SEPTEMBER 2015 -          $290,000


CLOSINGS FOR THE MONTH
APRIL 2017: SO FAR THIS MONTH - 688
MARCH 2017   -                1,407
FEBRUARY 2017  -           1,004
JANUARY 2017 -              1,101
DECEMBER 2016 -          1,530
NOVEMBER 2016 -          1,434
OCTOBER 2016 -             1,584
SEPTEMBER 2016 -         1,647
AUGUST 2016 -                1,799
JULY 2016 -                      1,622
JUNE 2016 -                      1,815
MAY 2016 -                        1,612
APRIL 2016 -                     1,554
MARCH 2016  -                 1,440
FEBRUARY 2016  -           1,019
JANUARY 2016  -               918
DECEMBER 2015 -           1,573
NOVEMBER -                    1,204
OCTOBER -                       1,520
SEPTEMBER -                   1,601


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Monday, April 17, 2017

Tuesday, April 11, 2017

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 4/11/2017

I'M A STATS GEEK AND LOVE ANALYZING THE SACRAMENTO REAL ESTATE MARKET NUMBERS, SO...
EVERY TUESDAY I PROVIDE A QUICK SNAPSHOT OF WHAT'S GOING ON WITH THE MARKET.
CALL/EMAIL/TEXT/OR LEAVE A COMMENT BELOW IF YOU HAVE ANY QUESTIONS OR OPINIONS...





ACTIVE INVENTORY
1,460   AVAILABLE HOMES ON THE MARKET
1,381   LAST WEEK
1,356   TWO WEEKS AGO
1,355   THREE WEEKS AGO
1,394   FOUR WEEKS AGO
1,404   FIVE WEEKS AGO
1,345   SIX WEEKS AGO
1,367   SEVEN WEEKS AGO
1,374   EIGHT WEEKS AGO

PENDING INVENTORY
2,230   HOMES CURRENTLY IN ESCROW
2,184   LAST WEEK
2,165   TWO WEEKS AGO
2,139   THREE WEEKS AGO
1,997   FOUR WEEKS AGO
1,898   FIVE WEEKS AGO
1,871   SIX WEEKS AGO
1,859   SEVEN WEEKS AGO
1,784   EIGHT WEEKS AGO

MEDIAN PRICE OF HOMES SOLD FOR THE MONTH
April 2017: so far this month - $337,750
MARCH 2017  -                 $328,000
FEBRUARY 2017   -          $325,000
JANUARY 2017  -              $305,000
DECEMBER 2016:  -          $315,000
NOVEMBER 2016 -           $325,000
OCTOBER 2016 -              $321,000
SEPTEMBER 2016 -          $318,500
AUGUST 2016 -                 $324,000
JULY 2016  -                      $322,000
JUNE 2016 -                      $329,000
MAY 2016 -                        $319,000
APRIL 2016  -                    $310,000
MARCH 2016  -                 $307,000
FEBRUARY 2016  -           $299,000
JANUARY 2016  -              $284,950
DECEMBER 2015 -           $297,000
NOVEMBER -                    $290,885
OCTOBER -                       $290,000
SEPTEMBER 2015 -          $290,000


CLOSINGS FOR THE MONTH
April 2017: so far this Month - 336
MARCH 2017   -                1,407
FEBRUARY 2017  -           1,004
JANUARY 2017 -              1,101
DECEMBER 2016 -          1,530
NOVEMBER 2016 -          1,434
OCTOBER 2016 -             1,584
SEPTEMBER 2016 -         1,647
AUGUST 2016 -                1,799
JULY 2016 -                      1,622
JUNE 2016 -                      1,815
MAY 2016 -                        1,612
APRIL 2016 -                     1,554
MARCH 2016  -                 1,440
FEBRUARY 2016  -           1,019
JANUARY 2016  -               918
DECEMBER 2015 -           1,573
NOVEMBER -                    1,204
OCTOBER -                       1,520
SEPTEMBER -                   1,601


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Monday, April 10, 2017

Sacramento Real Estate Explained: How to compete with multiple offers in Sacramento as a home buyer



Hi, I'm Doug Reynolds.
I'm a Realtor in the Greater Sacramento Area and have been a full time agent since 2006.

In This Video, i talk about How to compete with multiple offers.  

Right now it's tough to be a buyer in the Sacramento Real Estate market.  There is low inventory and the buyer demand is very high.  This formula is making for a fast paced market where multiple offers, over list price are very common on most houses within a few days of hitting the market.

Doug offers his opinions and suggestions on standing out from the pack in order to get your offer accepted on that property you love.


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.


clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+