Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 6/27/2017

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

1,982   AVAILABLE HOMES ON THE MARKET

1,921   LAST WEEK

1,890   TWO WEEKS AGO

1,823   THREE WEEKS AGO

1,775   FOUR WEEKS AGO

1,789   FIVE WEEKS AGO

1,692   SIX WEEKS AGO

1,633   SEVEN WEEKS AGO

1,556   EIGHT WEEKS AGO

PENDING INVENTORY
2,440   HOMES CURRENTLY IN ESCROW

2,446   LAST WEEK

2,447   TWO WEEKS AGO

2,409   THREE WEEKS AGO

2,407   FOUR WEEKS AGO

2,337   FIVE WEEKS AGO

2,336   SIX WEEKS AGO

2,299   SEVEN WEEKS AGO

2,191   EIGHT WEEKS AGO

MEDIAN PRICE OF HOMES SOLD FOR THE MONTH

JUNE 2017: SO FAR THIS MONTH - $347,250 

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 - 1,270

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 Facebook, YouTube, and Follow his Blog.

clear skies,

Doug Reynolds

Realtor

916-494-8441

               

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 Facebook, YouTube, and Follow his Blog.

clear skies,

Doug Reynolds

Realtor

916-494-8441

               

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 Facebook, YouTube, and Follow his Blog.

clear skies,

Doug Reynolds

Realtor

916-494-8441

               

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 Facebook, YouTube, and Follow my Blog.

clear skies,

Doug Reynolds

Realtor

916-494-8441

               

www.RealEstateWithDoug.com

www.CollegeGlenRealEstate.com

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 4^th/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 Facebook, YouTube, and Follow my Blog.

clear skies,

Doug Reynolds

Realtor

916-494-8441

               

www.RealEstateWithDoug.com

www.CollegeGlenRealEstate.com