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Friday, February 5, 2016

Sacramento Real Estate Explained: CMA (Comparable Market Analysis)



Doug Reynolds, a Sacramento area Realtor, provides explanations to real estate terms.

In this video i explain What is C.M.A. is... Comparable Market Analysis.  It is doing a "mini appraisal" for a property to look at the comps.  THis involves looking at the recent solds, the properties that are pending (in escrow) and the other homes that are currently acitive (for sale).  From there, you make adjustments to compare to the subject property and arrive at an estimated value.

For sellers, this helps determine what they house is worth and what price it should be listed for sale.

For buyers, this helps them make an informed decision on the value of the home they are considering and what price they should offer.

If you are a homeowner that is thinking about possibly selling, contact me and i can provide a free CMA for you.  This will give you information for what your home is currently worth.



CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Tuesday, February 2, 2016

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 2/2/2016

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
1,690   available homes on the market

1,683   Last week

1,704   Two weeks ago

1,698   Three weeks ago

1,656   Four Weeks ago

1,701   Five Weeks ago

1,799   Six Weeks ago


PENDING inventory
1,734   homes currently in escrow

1,713   Last week

1,620   Two weeks ago

1,557   Three weeks ago

1,505   Four Weeks ago

1,772   Five Weeks ago

1,869   Six Weeks ago



Median Price of homes sold for the Month

January 2016 so far this month: $284,950

December 2015 -    $297,000

November -             $290,885

October -                 $290,000

September 2015 -   $290,000

August  -                 $290,000

July -                       $292,000
June  -                     $295,000
May 2015 -              $290,000
April -                       $281,000
March -                    $281,250
February-                $283,050
January 2015 -        $258,000
December 2014 -    $268,000
November -              $265,000
October -                  $272,000



Closings for the month

January 2016: so far this month - 918
December 2015 -          1,573
November -                   1,204
October -                       1,520
September -                  1,601
August 2015 -               1,660

July  -                            1,738
June -                           1,783
May 2015 -                   1,458
April -                            1,607
March -                         1,376
February-                      1,098
January 2015 -                927
December 2014 -          1,313
November -                   1,081
October 2014 -              1,375


 

CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Monday, February 1, 2016

Sacramento Real Estate 2015 Year in Review

I hope your 2016 is off to a great start and may this year be filled with
happiness, peace and prosperity for you and your family.

2015 Sacramento Area Real Estate Year in Review


* The median price ended the year at $297,000.  A 10.8% increase from the year before!



* 17,578 homes sold in 2015. That is 11.4% higher than the 15,778 sold in 2014. 



* Of all the Sales from 2015:  16.6% were CASH, 47.1% Conventional, 26.7% FHA and 6.2% VA.


* The available housing inventory has remained historically low for the past year.  Currently there is 1.8 months worth of inventory.  I expect that number to increase more as we approach the spring/summer seasons.  A “normal” or “balanced market” has been redefined over the past decade and is now considered around 3 months.




* The homes that are priced right, show well and have a high quality marketing plan are still 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 “balanced but price sensitive market.” The current market is the most “normal/balanced” market we have seen in the Sacramento area in over 10 years.




* 2016 is looking like another “Normal/Balanced/Healthy” market with some appreciation.









CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Thursday, January 28, 2016

Interesting World of Sacramento Real Estate - 1/28/2016

Since i became a full time Sacramento Real Estate agent, i have seen and heard many strange/funny/odd/weird/interesting things.  A lot of times i get to see things many people would not in their job since i am inside of so many homes and interacting with some many different people from all walks of life.  Here's a quick look at my latest interesting "thing."

#InterestingWorldofRealEstate: Today's photo was taken at a vacant property for sale in my Neighborhood of #CollegeGlen .  From the first photo you can see i walked to the side of the house to get the key from the lockbox on the gas meter.  Then i noticed some shoe string tied to the fence.  I looked closer and the shoe string was all that kept the gate "Locked."  Maybe the homeowner is hoping that a potential thief of their home is a kindergardener and hasn't mastered the art of tying and untying their shoes yet.  Otherwise, about two seconds for anyone and they can be in the backyard. Not the greatest antitheft device.  #SacramentoRealEstate #ShoeStringAlarmsCompany  #IcantGetThisDoubleKnotUntied










CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         


Tuesday, January 26, 2016

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 1/26/2016

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
1,683   available homes on the market

1,704   Last week

1,698   Two weeks ago

1,656   Three weeks ago

1,701   Four Weeks ago

1,799   Five Weeks ago

1,931   Six Weeks ago


PENDING inventory
1,713   homes currently in escrow

1,620   Last week

1,557   Two weeks ago

1,505   Three weeks ago

1,772   Four Weeks ago

1,869   Five Weeks ago

2,020   Six Weeks ago



Median Price of homes sold for the Month

January 2016 so far this month: $285,000

December 2015 -    $297,000

November -             $290,885

October -                 $290,000

September 2015 -   $290,000

August  -                 $290,000

July -                       $292,000
June  -                     $295,000
May 2015 -              $290,000
April -                       $281,000
March -                    $281,250
February-                $283,050
January 2015 -        $258,000
December 2014 -    $268,000
November -              $265,000
October -                  $272,000



Closings for the month

January 2016: so far this month - 644
December 2015 -          1,573
November -                   1,204
October -                       1,520
September -                  1,601
August 2015 -               1,660

July  -                            1,738
June -                           1,783
May 2015 -                   1,458
April -                            1,607
March -                         1,376
February-                      1,098
January 2015 -                927
December 2014 -          1,313
November -                   1,081
October 2014 -              1,375


 

CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Friday, January 22, 2016

Wild Guess Predictions for 2016 Sacramento Real Estate VIDEO



Nobody has a crystal ball and especially not in real estate. But...

Doug Reynolds, a Sacramento Area Realtor, gives his "wild guess" predictions for the 2016 Sacramento Real Estate market.  In this video, Doug talks about election year, interest rates, inventory, move up/contingent sales, appreciation, market values, balance between buyers and sellers.

Jot this info down and give Doug a call or email in one year and let him know how right or wrong he truly was :)

CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         



Tuesday, January 19, 2016

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 1/19/2016

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
1,704   available homes on the market

1,698   Last week

1,656   Two weeks ago

1,701   Three weeks ago

1,799   Four Weeks ago

1,931   Five Weeks ago

2,048   Six Weeks ago


PENDING inventory
1,620   homes currently in escrow

1,557   Last week

1,505   Two weeks ago

1,772   Three weeks ago

1,869   Four Weeks ago

2,020   Five Weeks ago

2,139   Six Weeks ago



Median Price of homes sold for the Month

January 2016 so far this month: $281,500

December 2015 -    $297,000

November -             $290,885

October -                 $290,000

September 2015 -   $290,000

August  -                 $290,000

July -                       $292,000
June  -                     $295,000
May 2015 -              $290,000
April -                       $281,000
March -                    $281,250
February-                $283,050
January 2015 -        $258,000
December 2014 -    $268,000
November -              $265,000
October -                  $272,000



Closings for the month

January 2016: so far this month - 414
December 2015 -          1,573
November -                   1,204
October -                       1,520
September -                  1,601
August 2015 -               1,660

July  -                            1,738
June -                           1,783
May 2015 -                   1,458
April -                            1,607
March -                         1,376
February-                      1,098
January 2015 -                927
December 2014 -          1,313
November -                   1,081
October 2014 -              1,375


 

CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441