Just Listed - 2470 Genova St #5, West Sacramento, CA 95691 - Doug Reynolds Real Estate - www.SellWithDoug.com

Check out this Beautiful new listing i just put on the market!!

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

How Does Supply and Demand affect Sacramento Real Estate Home Prices

Doug Reynolds, a Sacramento Area Realtor, discusses supply and demand.  During the worst times of the bubble burst in Sacramento, the inventory was up to 14.2 months in 2007.  Due to the extremely high supply and low demand the prices dropped 35% in 2008 alone.  On the flip side,  in December 2012 the inventory fell to 0.7 months, due to high demand and low supply.  That drove up the values 45% in 2013.

clear skies,

Doug Reynolds

Realtor

916-494-8441

 

www.SellWithDoug.com

www.BHGshortsales.com

JUST SOLD - 69 Waterglen Circle, Sacramento Ca 95826 - College Glen - www.CollegeGlenRealEstate.com

JUST SOLD!!! 8/8/2013 in my neighborhood of College Greens / Glenbrook (College-Glen). I just represented the buyers of this beautiful home.  The property had multiple offers and sold for $360,000! The house is 4 beds, 2 baths, 1,755 square feet.  Meticulously remodeled kitchen, bathrooms and master bedroom addition. Peaceful backyard with covered patio and in-ground pool. This is one of the most amazing properties in all of College-Glen. Congratulations to the Zambrano family on their new home!!!

I am a College Glen Real Estate specialist that lives and works in the neighborhood.  I love helping sellers and buyers with their real estate needs in my wonderful neighborhood.  Call or email me today if you have any need in College Greens or Glenbrook. www.CollegeGlenRealEstate.com 

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

 

Sacramento Real Estate August - September 2013 video Market Update

Doug Reynolds, a Sacramento Area Realtor, discusses the latest market stats and trends for the Sacramento Real Estate market.  This month the median price increased to $252,000 and the inventory of homes available for sale increased to 1.3 months.  Doug also goes into detail about the decreasing amount of cash investors in the market and how that is translating to better results for financed home buyers in the Sacramento Real Estate Market.  Last, he gives a brief prediction of the market for the next few months ahead.

Call or Email Doug today if you are a buyer or seller needing real estate assistance in the Sacramento Real Estate Market.

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

 

The Sacramento Real Estate market continues to slowly shift...

...in favor of buyers.  I've been talking and writing about the shift that is going on since June.  The latest stats for Sacramento Real Estate just came out  and you guessed it, the shift is starting to show up in the numbers.

• The inventory of available homes for sale has gone up the last two months and we are now at 1.3 months of inventory.  That's still an extremely low amount but it's 54% higher than the beginning of this year

• The amount of cash buyers/investors is definitely decreasing at a very quick rate.  Check out this postand graph below from Ryan Lundquist's blog: http://sacramentoappraisalblog.com/

Inventory has increased over the past several months and there has been less investors playing the market. Despite an uptick in sales in Q2 of 2013, for example, investors played a lesser percentage role in overall sales. For reference, there were 3831 sales in Sacramento County in Q1 2013 and 4748 sales in Q2 of 2013.

What does this all mean???  

• Seller's: Need to realize the crazy sellers market has gone away.  Sellers still have the upper hand due to low inventory but they need to really price the home Right from day one or they may be sitting on the market for a while.
• Buyers: Things are getting better for you.  There's a little less competition and a little more homes to choose from.  Don't get wrong, there's still going to be multiple offers on homes that are priced right and show well BUT you are in a better position now than at the beginning of the year.  Inventory should be slowly going up as we head into the winter

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

 

Sacramento Real Estate Market update - August 2013

Sacramento

Real Estate Update

 

 

August 2013

 

 ó In July 2013, the median price increased to $252,000.  That is 44% higher than one year ago!!!

ó 25.5%  of the purchases in the month were ALL CASH.   That number is starting to quickly decrease. 

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 and below.

ó The available housing inventory is up to 1.3 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 

multiple 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.  I am starting to 

see signs that the market is slowly beginning to find a balance and seller’s current power may shift 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 July 2013 (Sacramento, Ca)

College-Glen Real Estate Update August 2013

There were 16 homes sold in College Greens / Glenbrook / Larchmont / College Greens East for the month of July, 2013.  That is up from the 13 sold in June, 2013.  Here are the addresses and specific information of the sold properties.

 

Currently there are: 19 Active listings, 2 Active short sale listings, 7 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.

 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 - 8305 Briarcliff Way, Sacramento CA 95826 - College Greens - www.CollegeGlenRealEstate.com

Just Sold 7/31/2013!!!  In my own neighborhood of College Greens / Glenbrook.  I specialize in College Glen Real Estate and have been among the top producing agents in the neighborhood for the past three years.  I love working with both buyers and sellers in my neighborhood.  It's a wonderful area that provides something for all ages and interests.  I was honored to represent the seller in the sale of this wonderful College Greens home.  Due to the home showing very well, an aggressive marketing plan and the home being priced correctly (listed at $269,000) we received multiple offers and negotiated the eventual sale at $282,000!

Here's the virtual tour and additional info:

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!!

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