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.


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

Wednesday, October 19, 2016


SACRAMENTO
REAL ESTATE UPDATE
October 2016

  • Home sales dropped in September, decreasing 8.4% over August (1,647 vs. 1,799) but still up 2.9% from a year ago.
  • The median price of a single family home decreased slightly to $318,500 in September from $324,000 in August. Significantly, the median price is still 8.7% than it was a year ago.
  • The number of homes on the market decreased by 5.1% over August (2,923 to 2,774).
Bottom line: The market is still favoring sellers, but with the frenzied summer buying season over, buyers are in a strong position. Well-priced homes that ‘wow’ buyers and are in great condition are selling quickly at or near list price, while those that are overpriced are lingering until they’re either reduced or withdrawn from the market.

















keep up with ANN VULETICH REAL ESTATE VIA FACEBOOKTWITTER AND FOLLOW HER BLOG.





Wednesday, October 5, 2016

2541 52nd Street Just Sold!

There's nothing like working with first time home buyers!  This adorable Elmhurst bungalow just sold to a wonderful first time homebuyer whom I had the pleasure of representing. 

The icing on the cake was that the home appraised for $5,000 more than the purchase price!

Elmhurst is a historic neighborhood known for its large elm, ash, and oak trees that provide a shady canopy for its residents. The grassy meridian running down T Street is another well-known landmark of the neighborhood. 

Monday, August 22, 2016

SACRAMENTO
REAL ESTATE UPDATE
AUGUST 2016
  
  • Sales volume decreased in July by 10.6% (1,815 homes sold in June vs. 1,622 in July), compared to a 6.7% decrease in July of last year.
  • The median price of a single family home in July decreased slightly to $322,000 from $329,000 in June.  The current median price is still 10.3% higher than it was a year ago.
  • Active inventory of homes on the market increased by 8.7% over June (good news for buyers).  Compared to a year ago inventory is still down nearly 10%.
Bottom Line:  The market is still trending towards sellers but only those who follow the 3 P's of home sales -- Price, Presentation and Promotion.

BE SURE TO CONNECT WITH ANN VULETICH REAL ESTATE VIA FACEBOOKTWITTER AND FOLLOW HER BLOG.



Monday, July 25, 2016

Just Sold - 4308 Paradise Drive, Carmichael CA 95608

#Just sold in Carmichael.  I had the honor of representing the seller of this well-loved family home.  This home had been in the same family for nearly 40 years!  Located in a very well established neighborhood of Carmichael, it's within an easy walk to the swim and tennis club across the street and several well-regarded schools in the #SJUSD.  Many who grew up in this friendly neighborhood stopped by one of my open houses to share fond memories of the homeowner.  Congratulations to the new owners who are sure to make many more memories here!


4308 Paradise Drive, Carmichael, CA

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