Monday, October 30, 2017

Real Estate Market Update ~ October 2017

SACRAMENTO REAL ESTATE
MARKET UPDATE
October 2017
    • The median home price in Sacramento County and the City of West Sacramento decreased slightly in September to $348,000 (vs. $349,000 in August).
    • The number of homes for sale decreased by 10.2% from August.
    • On average it took 2 more days to sell a home in September than it did in August (24 days vs. 22 days).

      Bottom Line:  Fewer homes on the market is typical for this time of year as people begin preparing for the holidays.  It's actually a great time for buyers to purchase because sellers tend to be more motivated to sell and price their property in line with market value.
 



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Wednesday, April 19, 2017

Market Update ~ April 2017

SACRAMENTO REAL ESTATE
MARKET UPDATE
April 2017
  • In March the median home price was $328,000, up .9% from February.  More significantly, the median price has more than doubled since the low of January 2012 ($160,000).   
  • Home sales increased in March, from 1,028 in February to 1,407.  Compared with last year, sales are down 2.3% (1,440 sales).
  • Total number of homes on the market is up slightly (3.8%), from 1,469 to 1,525.  Despite the increase, the months of inventory decreased from 1.4 to 1.1 months in March.   Months of inventory reflects an estimate of the amount of time it would take for all listings to sell if no new listings became available.
  • Bottom Line:  Sellers, your home will sell quickly at market value or above but ONLY if 1) you price it realistically, and 2) hire an agent to market it strategically and aggressively.  Buyers, be prepared to compete against multiple offers on competitively priced properties, and make sure your financing is solid and ready to go before you write an offer.


KEEP UP WITH ANN VULETICH REAL ESTATE VIA FACEBOOKTWITTER AND FOLLOW HER BLOG.


Curious about what your home is worth?  click HERE for your free estimate!

Wednesday, February 22, 2017

Market Update

SACRAMENTO REAL ESTATE
MARKET UPDATE
February 2017
  • The median home price in January was $305,000.  This is the first time in 10 years that January closed with a median sales price of more than $300,000.
  • Home sales were down for the month, from 1,530 in December to 1,101 in January.  Compared with last year, the current number is up by 14.3% (963 sales).
  • Active inventory of homes on the market is up slightly, to 1.3 months from 1 month in December.  Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings if no new listings became available.  I expect this number to increase somewhat in the coming months, as I said in last month's update, but not significantly.
  • Bottom Line:  Sellers, your home will sell quickly at market value or above but ONLY if 1) you price it realistically, and 2) hire an agent to market it strategically and aggressively.  Buyers, be prepared to compete against multiple offers and make sure your financing is solid and ready to go before you jump into the fray.  

KEEP UP WITH ANN VULETICH REAL ESTATE VIA FACEBOOKTWITTER AND FOLLOW HER BLOG.

Curious about what your home is worth?  Find out HERE WITH NO OBLIGATION!



Friday, January 27, 2017

SACRAMENTO
REAL ESTATE UPDATE
January 2017

  • Home sales jumped in December by 6.7%, from 1,434 (November) to 1,530 (December).  Sales for the year just ended were 18,082.  This is 2.9% higher than 2015 and the highest number since 2011.
  • Median home price in 2016 was $315,000.  This is the irst time the year-end median price was over $300,000 since 2007.
  • Active inventory is down to 1 month.  Inventory will increase somewhat as we get closer to the traditional buying spring/summer buying season; however inventory is widely expected to remain tight.
  • Bottom Line:  Homes that are realistically priced at or near market value and marketed well are selling quickly.  Those that are over priced and poorly marketed linger on the market; they eventually sell but often at below market value after several price reductions.
Best regards,

Ann Vuletich
Realtor
916-203-0146

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Monday, December 19, 2016

Sacramento Real Estate Update ~ December 2016

SACRAMENTO
REAL ESTATE UPDATE

December 2016
·       Home sales dropped in October by 9.5%, from 1,584 to 1,434 for the month.  Importantly, sales are up a whopping 19% over last year at this time.
·       Median sales price increased, inching up 1.2% from $321,000 to $325,000.  Compared with November of last year, the current median sales price is up 11.7%.
·       Inventory decreased significantly, with total number of active listings down 17.9% from October to November (2,492 vs. 2,047).  Compared to November of last year, the current number of homes for sale is down 4.8%.

Bottom Line:  The market has slowed as it typically does during the holiday season, with fewer sales and fewer homes on the market.  The buyers who are out there are serious about purchasing a home at this time of year.  Sellers, given the extremely low inventory, if your home is competitively priced it will sell quickly in this market.


Housing Statistics for November 2016
Source:  Sacramento Association of Realtors


 

Friday, December 16, 2016

5691 Valletta Way Just Sold

This cute little ranch style home in Tallac Village just became the new home of some very lucky buyers!  After a particularly challenging escrow, we closed on this 3 bedroom, 2 bath home on Tuesday.

I'm so proud of my buyers for hanging in there, and excited for them as they begin the process of making it into the ideal home for their family.  Which, judging by how long it took them to chop down the big tree in front (exactly 15 minutes from the time they got the keys), will happen with lightning speed!

The seller wanted the house to go to a family, which is exactly what we made happen.

And the best part of all?  My buyers have instant equity in their new home because it appraised for $11,000 more than what they paid for it.

How's that for a win all around?

Saturday, November 19, 2016

Sacramento Real Estate Update - November 2016


SACRAMENTO
REAL ESTATE UPDATE

November 2016

·       Home sales dropped in October by 3.8%, from 1,647 in September to 1,584 in October.  Sales are still up 4.2% over last year at this time.
·       Median sales price increased slightly, up .8% from $318,500 to $321,000.  Compared with October last year, the current median sales price is up 10.7%.
·      Inventory remains tight throughout Sacramento County, with total number of active listings decreasing 10.2% from September to October (2,774 vs. 2,492).  Compared to October of last year, the current number of homes for sale is down 7.6%.

Bottom Line:  We’re seeing pretty much what we expect for this time of year, with fewer sales and fewer homes on the market.  Buyers remain price sensitive despite the low inventory.  Sellers need to price their homes competitively, or they risk sitting on the market until one or more price reductions grab a buyer’s attention.


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