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Tuesday, June 20, 2017

Sacramento Real Estate Video Market Update June - July 2017



In May, the median price increased to $342,500 compared to $329,500 in April.

More importantly,  the median is 7.4% higher than a year ago.

Currently there is 1.1 months worth of inventory.  I expect that number to increase more as we approach the summer season but not drastically.  A “normal” or “balanced market” is considered around 2.5— 3 months.

The homes that are priced right, show well and have a high quality marketing plan are 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 “price sensitive sellers market.”


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 6/20/2017

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
1,921   AVAILABLE HOMES ON THE MARKET
1,890   LAST WEEK
1,823   TWO WEEKS AGO
1,775   THREE WEEKS AGO
1,789   FOUR WEEKS AGO
1,692   FIVE WEEKS AGO
1,633   SIX WEEKS AGO
1,556   SEVEN WEEKS AGO
1,543   EIGHT WEEKS AGO

PENDING INVENTORY
2,446   HOMES CURRENTLY IN ESCROW
2,447   LAST WEEK
2,409   TWO WEEKS AGO
2,407   THREE WEEKS AGO
2,337   FOUR WEEKS AGO
2,336   FIVE WEEKS AGO
2,299   SIX WEEKS AGO
2,191   SEVEN WEEKS AGO
2,243   EIGHT WEEKS AGO

MEDIAN PRICE OF HOMES SOLD FOR THE MONTH
JUNE 2017: SO FAR THIS MONTH - $350,000 
MAY 2017 -                        $345,000
APRIL 2017  -                    $329,500
MARCH 2017  -                 $328,000
FEBRUARY 2017   -          $325,000
JANUARY 2017  -              $305,000
DECEMBER 2016:  -          $315,000
NOVEMBER 2016 -           $325,000
OCTOBER 2016 -              $321,000
SEPTEMBER 2016 -          $318,500
AUGUST 2016 -                 $324,000
JULY 2016  -                      $322,000
JUNE 2016 -                      $329,000
MAY 2016 -                        $319,000
APRIL 2016  -                    $310,000
MARCH 2016  -                 $307,000
FEBRUARY 2016  -           $299,000
JANUARY 2016  -              $284,950
DECEMBER 2015 -           $297,000
NOVEMBER -                    $290,885
OCTOBER -                       $290,000


CLOSINGS FOR THE MONTH
JUNE 2017: SO FAR THIS MONTH - 881
MAY 2017 -                        1,691
APRIL 2017  -                    1,512
MARCH 2017   -                1,407
FEBRUARY 2017  -           1,004
JANUARY 2017 -              1,101
DECEMBER 2016 -          1,530
NOVEMBER 2016 -          1,434
OCTOBER 2016 -             1,584
SEPTEMBER 2016 -         1,647
AUGUST 2016 -                1,799
JULY 2016 -                      1,622
JUNE 2016 -                      1,815
MAY 2016 -                        1,612
APRIL 2016 -                     1,554
MARCH 2016  -                 1,440
FEBRUARY 2016  -           1,019
JANUARY 2016  -               918
DECEMBER 2015 -           1,573
NOVEMBER -                    1,204
OCTOBER -                       1,520


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Wednesday, June 14, 2017

Just Sold - 8418 La Riviera Dr, Sacramento, CA 95826 - www.CollegeGlenRealEstate.com

#JustSold !!! on 6/12/17 in my great neighborhood of #CollegeGlen in #Sacramento .  Every real estate transaction is different from the next and this one was unique for a few different reasons.  This property was in major disrepair, so much so that it needed to be sold to a cash buyer only.  No lender would have provided a loan on it in the current condition.  So we wanted to sell the property “As-Is” without any repairs to an investor.  We ended up doing all our inspections before coming on the market and did all the disclosures up front as well.  These things are normally done during escrow in the Sacramento area.  We had any potential buyer read and sign off on everything with their offer.  We listed the home at an aggressive price to create investor competition.  At the end of the week I ended up with 31 offers!!!  The winning buyer was $35,000 over the list price and closed in 5 days!  It was a lot of work to do up front but in the end, we had a very successful sale and #HappySellers .  #RealEstateIsFun #CollegeGlenRealEstate #SacramentoRealEstate









Investor Special: This College-Glen home is waiting for a Cash Buyer to beautifully restore it. Popular Lafayette'' model features TONS of living area w/ separate family & living room, large bedrooms, abundant natural lighting, beautiful wood floor in Formal Dining Room/Office, fireplace, indoor laundry, loads of storage & cathedral ceilings. Wonderful Neighborhood of College-Glen offers easy access to American River/bike trail, parks, restaurants, Sac State, Hwy 50/downtown. Cash Offers Only

For More information: www.CollegeGlenRealEstate.com 

Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow my Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Tuesday, June 13, 2017

Just Sold - 2709 Occidental Dr, Sacramento, CA 95826 - www.CollegeGlenRealEstate.com

#JustSold !!! 6-8-2017 in my great neighborhood of #CollegeGlen in #Sacramento .  This was an interesting transaction as my client was doing a 1031 exchange where he was rolling this property and 2 others he sold in different locations into one new larger purchase.  There was some serious time constraints involved due to the 1031 exchange rules/laws but we got it all wrapped up and completed.  Also a repeat client which is an honor.  #Successful1031exchange #RepeatClient #CollegeGlenRealEstate







Updated College-Glen home with a large, open floorplan.  Boasting nearly 1900 square feet, 3 bedrooms with an optional 4th/den/office/formal dining room.  Popular “Lafayette” model provides tons of natural lighting with large dual pane windows, separate family and living rooms with cathedral ceilings, fireplace, granite countertops, indoor laundry room with pantry, newer roof, back patio for outdoor entertaining, low maintenance exterior. Easy access to American River/bike trail, shopping, restaurants, Sac State, Hwy 50/downtown. Clear pest – FHA & VA ok.


For More information: www.CollegeGlenRealEstate.com 

Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow my Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 6/13/2017

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
1,890   AVAILABLE HOMES ON THE MARKET
1,823   LAST WEEK
1,775   TWO WEEKS AGO
1,789   THREE WEEKS AGO
1,692   FOUR WEEKS AGO
1,633   FIVE WEEKS AGO
1,556   SIX WEEKS AGO
1,543   SEVEN WEEKS AGO
1,452   EIGHT WEEKS AGO

PENDING INVENTORY
2,447   HOMES CURRENTLY IN ESCROW
2,409   LAST WEEK
2,407   TWO WEEKS AGO
2,337   THREE WEEKS AGO
2,336   FOUR WEEKS AGO
2,299   FIVE WEEKS AGO
2,191   SIX WEEKS AGO
2,243   SEVEN WEEKS AGO
2,239   EIGHT WEEKS AGO

MEDIAN PRICE OF HOMES SOLD FOR THE MONTH
JUNE 2017: SO FAR THIS MONTH - $353,850
MAY 2017 -                        $345,000
APRIL 2017  -                    $329,500
MARCH 2017  -                 $328,000
FEBRUARY 2017   -          $325,000
JANUARY 2017  -              $305,000
DECEMBER 2016:  -          $315,000
NOVEMBER 2016 -           $325,000
OCTOBER 2016 -              $321,000
SEPTEMBER 2016 -          $318,500
AUGUST 2016 -                 $324,000
JULY 2016  -                      $322,000
JUNE 2016 -                      $329,000
MAY 2016 -                        $319,000
APRIL 2016  -                    $310,000
MARCH 2016  -                 $307,000
FEBRUARY 2016  -           $299,000
JANUARY 2016  -              $284,950
DECEMBER 2015 -           $297,000
NOVEMBER -                    $290,885
OCTOBER -                       $290,000


CLOSINGS FOR THE MONTH
JUNE 2017: SO FAR THIS MONTH - 494
MAY 2017 -                        1,691
APRIL 2017  -                    1,512
MARCH 2017   -                1,407
FEBRUARY 2017  -           1,004
JANUARY 2017 -              1,101
DECEMBER 2016 -          1,530
NOVEMBER 2016 -          1,434
OCTOBER 2016 -             1,584
SEPTEMBER 2016 -         1,647
AUGUST 2016 -                1,799
JULY 2016 -                      1,622
JUNE 2016 -                      1,815
MAY 2016 -                        1,612
APRIL 2016 -                     1,554
MARCH 2016  -                 1,440
FEBRUARY 2016  -           1,019
JANUARY 2016  -               918
DECEMBER 2015 -           1,573
NOVEMBER -                    1,204
OCTOBER -                       1,520



Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.



clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+