Beautiful College Greens home with an open & bright floorplan is tucked away in a peaceful Cul-De-Sac. Spacious living area is perfect for entertaining. Master suite features an expanded & incredibly remodeled bathroom with double sinks, a huge shower & a walk in closet. Stunning hardwood floors were refinished & walls freshly painted. Energy efficient home with dual pane windows, ceiling fans & added insulation. 3 bedrooms, 2 bathrooms, 1,523 square feet. Beautiful home inside & out!!
Thursday, June 27, 2013
JUST LISTED- 8305 Briarcliff Way,Sacramento Ca 95826 - www.CollegeGlenRealEstate.com
Beautiful College Greens home with an open & bright floorplan is tucked away in a peaceful Cul-De-Sac. Spacious living area is perfect for entertaining. Master suite features an expanded & incredibly remodeled bathroom with double sinks, a huge shower & a walk in closet. Stunning hardwood floors were refinished & walls freshly painted. Energy efficient home with dual pane windows, ceiling fans & added insulation. 3 bedrooms, 2 bathrooms, 1,523 square feet. Beautiful home inside & out!!
Sacramento Real Estate June - July 2013 video Market Update
Doug Reynolds, a Sacramento Area Realtor, Discusses the latest statistics and also gives his own prediction of the market. The median price increased again in May 2013 to $240,000. That is 42.2% higher than one year ago! In his prediction, Doug is seeing subtle signs of shift starting to occur in the market. Slowly a little more inventory is starting to come on the market, slowly there are some price reductions here and there as well. Doug predicts that the market will continue to increase for a few more months but as the fall and winter months approach that market is going to be a bit more balanced and not favor sellers quite so much. Only time will tell. What is your prediction??
Just Sold - 2051 Lambeth Way, Carmichael, Ca 95608 - BuyWithDoug.com
I just represented the buyers on the sale of this UNIQUE property in the wonderful neighborhood of Shelfield in Carmichael. This mid century modern property was designed by John Harvey Carter. In the 8 years i've been a full time Realtor in the Sacramento area, I've never seen a property quite like this one. It is truly one of a kind. Unfortunately, the property had been neglected for a few years so my clients have the fun challenge of bringing this property back to life with updating and remodeling. Cool property with straight lines everywhere, tons of windows/natural light, lots of wood, flat roof and cement floor in the living area. 5 bedrooms, 3 baths, 2,700 square feet, almost half an acre lot with a pool.
Wednesday, June 19, 2013
Where is the Sacramento Real Estate market headed???
Doug’s Crystal Ball
(AKA - Educated Guess):
I am asked almost daily by both buyers and sellers on where this market is headed. And while I don’t have a crystal ball, I can still provide my opinion/guess. I am starting to see some signs that the Sacramento Real Estate Market is slowly starting to shift away from this Insane Seller’s Market. At the beginning of June 2013, interest rates bumped up about a 1/2 point. That seems to have caught the attention of the buyers out there and removed the haze from their eyes. Slowly, I’m no longer starting to see properties getting a dozen offers over list price in 3 days on the market. Don’t get me wrong, the power is still tilted towards the sellers due to inventory being so low. BUT, I’m also seeing inventory trickling up and price resistance from buyers. SO, Here’s my personal opinion: If your considering selling your house in the next few months, I would suggest getting it on now before this shift picks up more steam. IF you’re a buyer out there and have been losing out on many offers, stay up beat. I personally think things are getting better for buyers right now as we finish up the summer and head into the fall market.
Only time will tell if I’m right but I’m seeing subtle signs of things becoming more balanced….
Tuesday, June 18, 2013
College Greens / Glenbrook Sales in May 2013 (Sacramento, Ca)
There were 14 homes sold in College Greens / Glenbrook / Larchmont / College Greens East for the month of May, 2013. That is up from the 13 sold in April, 2013. Here are the addresses and specific information of the sold properties.
Currently there are: 11 Active listings, 0 Active short sale listings, 6 Short Sales waiting for lender approval and 22 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.
Monday, June 17, 2013
Sacramento Real Estate Market update - June 2013
ó In May 2013, the median price increased to $240,000. That is 42.2% higher than one year ago!!!
ó 34% of the purchases in the month were ALL CASH. First Time Buyers are having a tough time competing with investors in the lower price ranges of $250,000 and below.
ó The available housing inventory is only 0.9 months. A “normal” or “balanced market” is between 4 to 5 months. Sacramento is currently in a Sellers market, but inventory is slowly starting to increase as we head into the second half of the year.
ó The homes that are priced right, show well and have a high quality marketing plan are receiving multiple offers.
ó High Demand and Low Supply/Inventory has driven the market prices up in 2013. 2012 saw a market correction to homes getting under valued in 2011 and buyers reacting to the fact that “the bottom was yesterday.” This seller’s market should continue through the spring and summer. After that, I am starting to see signs that the market is beginning to find a balance and seller’s current power may shift to be more equal this fall and winter.
Monday, June 10, 2013
Rest of the Country is starting to follow Sacramento Real Estate...
Home Prices Rise by More Than 12 Percent; Where Are the Hot Markets?
Following its predicted forecast, the housing recovery continues to push forward as we move from spring to summer. CoreLogic recently released its April CoreLogic HPI report showing an increase in home prices nationwide of 12.1 percent on a year-over-year basis in April 2013 compared to April 2012.
This monumental change represents the biggest year-over-year increase since February 2006 and the 14th consecutive monthly increase in prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 3.2 percent in April 2013 compared to March 2013.
“House price growth continues to surprise to the upside with an impressive 12.1 percent gain year over year in April,” says Dr. Mark Fleming, chief economist for CoreLogic. “Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in the Western states with year-over-year gains of 20 percent or more.”
Including distressed sales, the five states with the highest home price appreciation were:
• Nevada (+24.6 percent)
• California (+19.4 percent)
• Arizona (+17.3 percent)
• Hawaii (+17 percent), and
• Oregon (+15.5 percent)
“Although the nature of real estate as a cyclical industry implied a recovery on the other
side of the correction, the pace of improvement in the fundamentals and the shift in demand
vs. supply over the last 12 months has exceeded the expectations of most everyone,” says
Budge Huskey, president and CEO, Coldwell Banker Real Estate LLC. “While values remain
well below their peak on a national level, implying additional room for growth, year-over-year
increases in many markets are dramatic and the significant drop in inventory has triggered a
rapid shift from a buyer’s to seller’s market.”
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