Wednesday, October 19, 2016

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selling quickly at or near list price, while those that are overpriced are lingering until they’re either reduced or withdrawn from the market.


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

  • 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.


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

Thursday, July 14, 2016

Sacramento Market Update ~ July 2016

JULY 2016
  • In June the median price of single family homes increased 3.1% from May, from $319,000 to $$329,000.  This is up 11.5% from the $295,000 median sales price in June 2015.  Since January the median sales price has increased 15.4%.
  • There were 2,577 homes listed for sale in June, compared to 2,247 or a 14.7% increase over May.  Months of inventory remained at 1.4 months for the fourth straight month.  This is 12.1% lower than the total number of homes on the market in June 2015.
  • Sales are up 12.6% over May (1,815) with equity (traditional) sales accounting for the bulk of this number.  Slightly over half of these sales utilized conventional financing (52.7%) while cash sales accounted for 13.9% of June home sales.


Thursday, April 16, 2015

Curtis Park Home Tour is Right Around the Corner!

The Curtis Park Home Tour has always been one of my favorite home tours in Sacramento.  As an avid and passionate gardener, I appreciate that the Curtis Park tour is one of the few tours that is both a home and a garden tour.  And since it's always in the spring, the gardens are in full splendor.

Another reason to love Curtis Park is the great variety of architectural styles it offers.  There are many Craftsman, California Bungalows, and Spanish Revival homes here.  One year I even discovered that the exact replica of our Spanish Revival home in East Sacramento can be found in Curtis Park.

The home tour is next Saturday, April 25 from 10 am to 4 pm. You can purchase tickets for this fabulous home tour here or at the Sierra 2 Center on the day of the tour.

Monday, April 13, 2015

McKinley Village Lawsuit Tossed Out by Sacramento Judge

Project Plan for McKinley Village

The lawsuit against McKinley Village was tossed out last week because the petititioners, East Sacramento Partnerships for a Livable City, didn't show that the environmental impact report was flawed.

You can read more about this infill project here.  The project schedule was delayed slightly due in part to the myriad of issues and concerns voiced by the neighborhood.

As you may know, construction on the 336 home infill project began last year.  You can watch the progress being made every time you head up to Tahoe, or the next time you head out to watch a Sac Republic game.

First home sales will begin later this year.  The home builder, The New Home Company, designed McKinley Village with social interaction in mind, featuring paths in every direction, bike-ablity to Midtown and within walking distance to and from McKinley Park.  There will be a 4,000 square foot Recreation Center, and homes are pre wired for solar and reflect the latest environmental practices and standards.

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