College Greens / Glenbrook Sales in May 2012 (Sacramento, Ca)

There were 12 homes sold in College Greens / Glenbrook for the month of May, 2012.  That is the same  from the 12 sold in April .  Here are the addresses and specific information.

Currently there are: 12 Active listings, 4 Active short sale listings, 20 Contingent Short Sales  and 30 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Rosemont Sales in May 2012 (Sacramento, Ca)

There were 22 homes sold in Rosemont in the month of May , 2012.  That is slight increase from the 18  that sold in April.  Here are the addresses and specific information.

Currently there are: 4 Active listings, 7 Active short sale listings, 31 Contingent Short Sales  and 38 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 

Rosemont Sales in March 2012 (Sacramento, Ca)

There were 29 homes sold in Rosemont in the month of March, 2012.  That is a large increase from the 17 that sold in February.  Here are the addresses and specific information.

 

 

Currently there are: 13 Active listings, 10 Active short sale listings, 27 Contingent Short Sales  and 28Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Sacramento County Housing Statistics for February 2012

Median Sales price Rises!

The law of supply and demand are beginning to take effect in the Sacramento Area Real Estate Market.  For months and months I’ve been sharing how there is extremely low inventory and huge buyer demand, multiple offers and bidding wars on well-priced houses.  February 2012 is showing that in the numbers now.  The median sales price increase by 1.9% from January to a new median of $163,000.  For over a year, the median price has been in the 160 range, showing a sign of flattening/bottoming in our area.  The inventory is at its lowest level in the history of Sacramento Real Estate.  1.6 months is considered a sellers’ market as 6 months is the bench mark for a “Balanced Market.”  I am continuing to call it a “Price sensitive seller’s market.”  If a home is priced right, shows well and is marketed well then it is selling with multiple offers in a few days and in most cases for above the listing price. 

The amount of sales for February 2012 are 8.1% higher than January and 16.1% higher than one year ago.  The balance of types of sales continues at 33%.  1/3 bank owned sales, 1/3 short sales and 1/3 equity sales.  I expect the trend of low inventory, high sales and a flattened sales price to continue through the year as the median price starts to climb its way back up a little bit by the end of the year.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

College Greens / Glenbrook Sales in January 2012 (Sacramento, Ca)

There were 11 homes sold in College Greens / Glenbrook for the month of January , 2012.  That is a slight decrease from the 16 sold in  December .  Here are the addresses and specific information.

 

Currently there are: 17 Active listings, 7 Active short sale listings, 12 Contingent Short Sales  and 18 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Rosemont Sales in January 2012 (Sacramento, Ca)

There were 17 homes sold in Rosemont in the month of January, 2012.  That is slight decrease from the 19 that sold in  December .  Here are the addresses and specific information.

 

Currently there are: 17 Active listings, 11 Active short sale listings, 24 Contingent Short Sales  and 34 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

November 2011 Housing Statistics - Sacramento County

Sales price hovering in mid-$160’s

Sales decreased for the holiday season to 1,531 units sold, down 5.1% from the 1,614 closed

escrows last month. On the other hand, year-to-year closed escrows were up 17.6% from the 1,302 units sold last November. Making up the closed escrows this month were 514 REOs (33.6%), 453 short sales (29.6%) and 564 conventional sales (36.8%).

The median home sales continues bump along, this month increasing .1% to $165,000 from the

$164,900 median sales price of last month. The median sales prices has bumped up and down in the $160,000s for the last 10 months (see chart below).

Closed escrows from conventional financing (545 units or 33.5% of all sales) increased 6%, cash buyers decreased 4.5% (445 units or 27.4%) and FHA financing increased 4.5% (522 or 32.1%). These numbers include the 94 condo sales this month. The average amount of days spent on the market (from list date to opening escrow) 72 days; the median DOM was 40.

Active Listings numbered 3,236 properties and Active Short Sales Contingent showed 2,196. Active Short Sale Contingent properties are short sale properties on which initial offers have been made and are not entirely “active.” The Housing Market Supply figure for November was 2.1 Months – a 4.5% decrease from last month. This figure represents the amount of time – in months – it would take to deplete the Active Listing Inventory (3,236) given the current number of closed escrows (1,531).

According to MetroList® MLS data, the average home was 1,706 square feet. Of the 1,531 sales this month, 150 (9.7%) had 2 bedrooms or fewer, 832 (54.3%) had 3 bedrooms, 440 (28.7%) were 4 bedroom properties and 109 properties (7.1%) had 5+ bedrooms.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com