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Monday, December 23, 2013

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

 

Monday, December 16, 2013

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

 

Wednesday, December 11, 2013

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

 


Tuesday, December 10, 2013

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

 

Thursday, December 5, 2013

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

 www.CollegeGlenRealEstate.com

Tuesday, December 3, 2013

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