Sacramento Real Estate December 2013 January 2014 video Market Update

Doug Reynolds, a Sacramento Area Realtor, discusses the latest statistics and what's going on with the market during the winter/holiday/christmas season.  The market prices have decreased for a second straight month and the buyer activity has slowed down a bit.

Connect with Doug Reynolds Real Estate via Facebook, YouTube, and Follow his blog.

clear skies,

Doug Reynolds

Realtor

916-494-8441

 

www.SellWithDoug.com

www.BHGshortsales.com 

www.CollegeGlenRealEstate.com

Sacramento Real Estate Market update - December 2013

Sacramento

Real Estate Update

December 2013

 ó In November 2013, the median price decreased from $253,500 to $245,000.  The median is 25.6% higher than one year ago.

ó The median price decreased for the second consecutive month. We have been seeing a shift in the market over the past few months and now it’s starting to show up in the stats.  The market is slowly shifting towards a buyers market this winter, as inventory is slowly increasing and buyer demand is a little lower.

ó The available housing inventory is up to 1.9 months.  I expect to see that number slowly increase as we go through the winter.  A “normal” or “balanced market” is between 4 to 5 months. 

ó The homes that are priced right, show well and have a high quality marketing plan are still getting sold but the buying frenzy has stopped.  Price reductions are now happening and the listings that are over priced are sitting with no showings/offers.

ó High Demand and Low Supply/Inventory has driven the market prices up in 2013.  The market is finally beginning to find a balance and seller’s power of the past 1.5 years is shifting to be more equal this winter.

clear skies,

Doug Reynolds

Realtor

916-494-8441

 

www.SellWithDoug.com

www.BHGshortsales.com 

www.CollegeGlenRealEstate.com

Does holiday shopping include houses in 2013 for Sacramento??

Recently, i've had a lot of sellers (or potential sellers) asking me about the current state of the market in Sacramento and how things are effected by the holiday season of Thanksgiving/Hanukkah/Christmas/New Years.  Last year (2012) the market was so hot that it just powered right through the holiday season and didn't even blink about the cold weather or all of the festivities.  The market went up from Jan 2012 all the way through September 2013.  Since then, things have slowed down.  There's a bit more inventory, a bit less buyers and sellers are having to compete with each other more.

SO, i did a little homework assignment.

This year (2013) in the city of Sacramento between Thanksgiving and December 11th (today's date):
138 homes have closed escrow.

Last year (2012), in the city of Sacramento between Thanksgiving and December 11th:
459 homes closed escrow.

Granted, there was one extra week last year between thanksgiving and December 11th.  So if we take only the 13 days after thanksgiving last year (2012):
334 homes closed escrow.

There's your answer sellers (or potential sellers).  In comparison to last year, the real estate market in Sacramento has slowed down quite a bit this holiday season and is experiencing a more "normal" winter/Christmas market.

These stats show it's even more crucial now that when you come on the market the house shows well, is marketed great and priced excellently to attract the buyers.

Do you have a new house on your Christmas list this year??  Anyone else seen a change this year compared to last year??

clear skies,

Doug Reynolds

Realtor

916-494-8441

 

www.CollegeGlenRealEstate.com

www.SellWithDoug.com

www.BHGshortsales.com 

Stats, Graphs and Data update for Sacramento Real Estate Market

Most of you know that i keep a very close eye on the stats for the Sacramento Real Estate market.  I love to analyze the numbers and try to use them to predict what will be coming up in the next few months.

Well, an excellent appraiser in Sacramento loves analyzing the data just as much as me.  Ryan Lundquist of www.SacramentoAppraisalBlog.com/ just posted a great video with a ton of data.

He's got tons of data in this video!!  I think some of the most important info is showing what's going on with the current housing inventory.  As the inventory starts to go up this winter that should cause our values to level off as we've seen for a few months now.  And the second thing that stands out to me is showing the cash sales and how those have dropped off in the second half of 2013.  This is great news for the families and first time home buyers out there that need to use financing to purchase their next home.  It was impossible to compete with cash for a while but now buyers are having a fair chance again.  This is news that all of my buyers are loving.

what are you thoughts??

clear skies,

Doug Reynolds

Realtor

916-494-8441

 

www.CollegeGlenRealEstate.com

www.SellWithDoug.com

www.BHGshortsales.com 

College-Glen Real Estate Sales in November 2013 (Sacramento, Ca)

College-Glen

Real Estate Update

December 2013

 There were 12 homes sold in College Greens / Glenbrook / Larchmont / College Greens East for the month of November, 2013.  That is down from the 20 sold in October, 2013. Here are the addresses and  specific information.

Currently there are: 20 Active listings, 6 Active short sale listings, 10 Short Sales waiting for lender approval and 9 Pending Sales .

If you would like a FREE analysis of your homes current market value without any obligation, Call or email.  I’m here to help and love working with sellers and buyers in our neighborhood. Also, Check back each month for the updated statistics

How to sell your house during the winter in Sacramento

Doug Reynolds, a Sacramento Area Realtor, discusses strategies for getting your home sold during the cold, dark winter months in Sacramento.

 
Important information for sellers out there this winter.  The market has slowed down and you need to be in it to win it from the day you hit the market.  That takes working with your Realtor before you come on the market to get everything in order and really wow those Buyers and Blow away the competition.

clear skies,

Doug Reynolds

Realtor

916-494-8441

 

www.CollegeGlenRealEstate.com

www.SellWithDoug.com

Neighborhood Pride in College-Glen

I am very proud of the neighborhood i live in.  I think it's one of the best places to live in all of Sacramento.  Access to the American river and bike trail, Beautiful trees, great parks and AWESOME neighbors!

Thursday, November 21, 2013 was no exception.  A great turn out for the College-Glen Neighborhood Association annual meeting at Fire Station 60.  Many homeowners from across College Greens and Glenbrook braved the cold to take part in the meeting, ask questions and provide feedback to association, police and fire and local political figures.

A big shout out needs to go to Annette and John Deglow for their continued dedication to the neighborhood and the CGNA. http://www.collegeglen.org/ .  

Were you at the meeting??  Do you have any concerns in the neighborhood that were not addressed in the meeting??  

Having homeowners that care about their community is what makes neighborhoods safer and more desirable. That's just one of the reasons that makes College-Glen so great.

I hope to see you at the next event.

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.CollegeGlenRealEstate.com 
www.SellWithDoug.com
www.BHGshortsales.com

Sacramento Real Estate November - December 2013 video Market Update

Doug Reynolds, a Sacramento Area Realtor, discusses the latest market statistics. Reviewing the October 2013 sales data for Sacramento County. Over the past few months, Doug has been saying how the market was shifting/slowing down a bit. This month finally indicated the first month in 2 years of the median price declining. It was a small drop but a symbolic one.



Follow Doug's Blog, like his Facebook page and subscribe to his YouTube channel. Give Doug a call if you are looking to buy or sell in the Sacramento area.




clear skies,

Doug Reynolds

Realtor

916-494-8441



www.SellWithDoug.com

www.BHGshortsales.com

College Greens / Glenbrook Sales in October 2013 (Sacramento, Ca)

                        College-Glen

Real Estate Update

October 2013

There were 20 homes sold in College Greens / Glenbrook / Larchmont / College Greens East for the month of October, 2013.  That is up from the 8 sold in September, 2013. 

Here are the addresses and  specific information.

Currently there are: 24 Active listings, 5 Active short sale listings, 8 Short Sales waiting for lender 

approval and 23 Pending Sales .

If you would like a FREE analysis of your homes current market value without any obligation, Call or email.  I’m here to help and love working with sellers and buyers in our neighborhood. Also, Check back each month for the updated statistics.

Your College-Glen Real Estate Advisor

 

Living & Working in College-Glen

 

www.CollegeGlenRealEstate.com

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com

www.BHGshortsales.com 

Sacramento Real Estate Market update - November 2013

Sacramento

Real Estate Update

November 2013

 ó In October 2013, the median price decreased from $255,000 to $253,500.  The median is still 34.1% higher than one year ago.

ó The median price decreased for the first time since January 2012.  Although it was a small drop, it marks a significant point in the market. We have been seeing a shift in the market over the past few months and now it’s starting to show up in the stats.  The market is slowly shifting towards a buyers market this winter as inventory is slowly increasing and buyer demand is a little lower.

ó The available housing inventory is up to 1.9 months.  I expect to see that number slowly increase as we go through the winter.  A “normal” or “balanced market” is between 4 to 5 months. 

ó The homes that are priced right, show well and have a high quality marketing plan are still getting sold but the buying frenzy has stopped since interest rates jumped up at the beginning of June.  I am starting to see price reductions and listings sit that are over priced.

ó High Demand and Low Supply/Inventory has driven the market prices up in 2013.  The market is finally beginning to find a balance and seller’s power of the past 1.5 years is shifting to be more equal this winter.

clear skies,

Doug Reynolds

Realtor

916-494-8441



www.SellWithDoug.com

www.BHGshortsales.com

College Glen Real Estate VIDEO update Q3 2013 - www.CollegeGlenRealEstate.com - Doug Reynolds Real Estate - College Greens / Glenbrook

Doug Reynolds is a Realtor that lives and works in College Greens / Glenbrook, Sacramento Ca. He has been specializing in the College-Glen neighborhood for many years and enjoys helping both buyers and sellers in his neighborhood. Every quarter he takes a detailed look at the Real Estate stats/trends in the area, providing both homeowners and potential buyers with great information. This quarter he talks about how the neighborhood market has peaked in the 3rd quarter and will be finding a balance in the 4th quarter of 2013 with more inventory and a little less buyer competition.



Feel free to contact Doug Reynolds if you are ever in need of real estate assistance in his neighborhood.


clear skies,

Doug Reynolds

Realtor

916-494-8441



www.SellWithDoug.com

www.BHGshortsales.com

College Glen Real Estate update Q3 2013 - www.CollegeGlenRealEstate.com - Doug Reynolds Real Estate (College Greens / Glenbrook

Now that the third Quarter of 2013 is finished, here’s a look back at Q3 and comparing it to last quarter and a year ago.  This is only for College Greens and Glenbrook single family homes.  As you can see the low supply and high demand had been driving the prices up in our neighborhood while each home was spending less time on the market.  I expect Q4 to level off.  The market has already started to slow down after 1.5 years of being a red hot sellers market.  Since prices have gone up so much, investors have pulled out the market and with interest rates up a little bit the supply and demand is   becoming more in balance.  Expect to see the inventory continue to slowly increase in our neighborhood and across the region.  The market should be flat/level/balanced for the winter months ahead.

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

VIDEO - Sacramento Real Estate October - November 2013 video Market Update - Doug Reynolds Real Estate

Doug Reynolds, a Sacramento Area Realtor, discusses the latest market statistics.  Reviewing the September 2013 sales data for Sacramento County.  The market is starting to become level after 1.5 years of a RED HOT sellers market. 

Doug discusses how buyers are having better luck and the cash buyers are slowing down a bit too.

Follow Doug's Blog, like his Facebook page and subscribe to his YouTube channel.  Give Doug a call if you are looking to buy or sell in the Sacramento area.  

Clear skies!

Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

Sacramento Real Estate Market update - October 2013

Sacramento

Real Estate Update

October 2013

ó In September 2013, the median price increased to $255,000.  That is 41.7% higher than one year ago!

ó 23.6%  of the purchases in the month were ALL CASH.  That  %  has been quickly decreasing since the spring. Since prices have increased, a lot of investment properties are no longer making financial sense for many cash investors. That is good news for the First Time Buyers that have been having a tough time competing with investors in the lower price ranges of $250,000 & below.

ó The available housing inventory is up to 1.7 months.  I expect to see that number slowly increase as the year goes on.  A “normal” or “balanced market” is between 4 to 5 months. 

ó The homes that are priced right, show well and have a high quality marketing plan are still receiving offers but the  buying frenzy has died down a bit since interest rates jumped up at the beginning of June.

ó High Demand and Low Supply/Inventory has driven the market prices up in 2013.  The market is finally beginning to find a balance and seller’s power of the past 1.5 years is shifting to be more equal this fall and winter.

 

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

College Greens / Glenbrook Sales in September 2013 (Sacramento, Ca)

                        College-Glen

Real Estate Update

September 2013

There were 8 homes sold in College Greens / Glenbrook / Larchmont / College Greens East for the month of September, 2013. That is way down from the 22 sold in August, 2013.

Here are the addresses and specific information.





Currently there are: 24 Active listings, 5 Active short sale listings, 8 Short Sales waiting for lender approval and 23 Pending Sales .

If you would like a FREE analysis of your homes current market value without any obligation, Call or email. I’m here to help and love working with sellers and buyers in our neighborhood. Also, Check back each month for the updated statistics.

Your College-Glen Real Estate Advisor

 

Living & Working in College-Glen

 

www.CollegeGlenRealEstate.com

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

JUST SOLD -4704 69th Street, Sacramento Ca 95820 - www.BuyWithDoug.com - Doug Reynolds Real Estate

JUST SOLD!!! 10/11/2013.  Congratulations to my client that just purchased his first home.  This cute 2 bed, 1 bath home is partially remodeled but still has some finishing touches. Perfect for my buyer that is handy with tools.  It sits on a large lot for his imagination to create something special in the future.  Good location is close to schools, shops, restaurants and freeway access.

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

Just SOLD - 2470 Genova St #5,West Sacramento, CA - www.SellWithDoug.com - Doug Reynolds Real Estate

JUST SOLD!!! 10/8/2013 in the Riva Community of West Sacramento.  I represented the seller on this sale.  There was high demand for this single story, ground floor unit.  We received multiple offers, above list price within a few days of hitting the market.

Here's the Virtual Tour and additional info:

Beautiful condo in the wonderful community of Riva on the River. Featuring an open floor plan with 2 large bedrooms, 2 full baths, indoor laundry, desk/office area & a large tandem garage with extra storage. Living area provides a kitchen with granite counter tops & tons of storage, a fireplace & ceiling fan in the living room & dining area for formal meals. Community includes gym, pool/spa, park w/ playground, & easy access to the river. Shops & restaurants nearby. Only 10 minutes from Downtown

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com