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sacramento: California Starts To Follow Sacramento’s Lead - 05/25/12 09:41 AM

 
Sacramento has been experiencing price increases since the beginning of 2012.  Now the entire state’s median is beginning to follow.
 
The median price for an existing, single-family home in California rose 1.6 percent in March compared with the year before, marking the first year-over-year increase in 16 months, the CALIFORNIA ASSOCIATION OF REALTORS® reported Monday.
Making sense of the story
The statewide median price of an existing, single-family detached home jumped 9.2 percent to $291,080 in March from February’s $266,660 median price and was up 1.6 percent from a revised $286,550 recorded in March 2011.  The month-to-month increase … (0 comments)

sacramento: Sacramento County Real Estate Statistics – April 2012 - 05/15/12 09:11 PM


 
·         The Median Price has increased 3 straight months.
160,000  to  163,000  to  165,900  to 169,000
 
·         The Inventory has reached a new all-time low of 0.9 months in Sacramento.
If no new homes came on the market, we would run out of homes for sale in 0.9 months at the current pace.
A “balanced” or “normal” market is between 4 or 5 months.
 
·         Of the 1,633 sales in April: 32% was Cash,  Conventional financing was 32.4%, FHA was 27.1% and VA 3.1%.
 
The simple economics of supply and demand continue to drive the Sacramento Market on … (0 comments)

sacramento: Sierra Oaks, Wilhaggin, Del Dayo and Shelfield - Sales Data for April 2012 - 05/14/12 01:18 PM
There were 19 homes sold in Sierra Oaks, Wilhaggin, Del Dayo and Shelfield in the month of April, 2012. This is a increase from the 12 sold in March, 2012.  Here are the addresses and specific details:
 

 


 
 
Currently there are: 35 active listings, 5 active short sale listings, 12 contingent short sale listings, and 23 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 … (0 comments)

sacramento: Arden Park and Arden Oaks - Sales Data for April 2012 - 05/14/12 01:03 PM
There were 9 homes sold in Arden Park and Arden Oaks in April, 2012.  That is slight increase from the 8 sold in the month of March 2012.  Here are the addresses and specific information:
 
 
 
 

 
 
There are currently: 19 active listings, 0 active short sale listings, 5 contingent short sale listings, and 7 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 … (0 comments)

sacramento: Elmhurst and Tahoe Park Sales Data - April 2012 (Sacramento, Ca) - 05/10/12 08:01 PM
There were 9 homes sold in Elmhurst and Tahoe Park in the month of April, 2012.  That is the same from the 9 homes sold in the area in the month of March 2012.  Here are the addresses and specific information.


 

Currently there are: 13 active listings, 6 active short sales, 15 contingent short sales, and 22 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 … (0 comments)

sacramento: Land Park and Curtis Park Sales Data - April 2012 (Sacramento, Ca) - 05/10/12 07:54 PM
There were 18 homes sold in Land Park and Curtis Park in the month of April 2012 .  That is a slight increase from the 17  homes sold in the month of  March 2012.  Here are the addresses and specific information.



 








Currently there are: 27 Active listings, 5 Active short sale listings, 14 Contingent short sale listings, and 19 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.  … (1 comments)

sacramento: East Sacramento: McKinley Park, Fab 40's, River Park, East Sac, East Portal Park - Sales Data for April 2012 - 05/08/12 09:00 PM
There were 23 homes sold in East Sacramento in the month of April, 2012.  That is a slight decrease from the 27 homes sold in the area in the month of March 2012 .  Here are the addresses and specific information.
 


 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
Currently there are: 44 Active listings, 6 Active short sale listings, 12 Contingent short sale listings, and 35 Pending Sales.
 
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email … (0 comments)

sacramento: College Greens / Glenbrook Sales in April 2012 (Sacramento, Ca) - 05/08/12 08:23 PM
There were 12 homes sold in College Greens / Glenbrook for the month of April, 2012.  That is an increase from the 18 sold in  March.  Here are the addresses and specific information.           Currently there are: 12 Active listings, 6 Active short sale listings, 25 Contingent Short Sales  and 17 Pending SalesIf 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 … (0 comments)

sacramento: Rosemont Sales in April 2012 (Sacramento, Ca) - 05/07/12 09:57 PM
 
 There were 18 homes sold in Rosemont in the month of April, 2012.  That is slight decrease from the 29  that sold in  March.  Here are the addresses and specific information.
 
 
 
Currently there are: 8 Active listings, 12 Active short sale listings, 30 Contingent Short Sales  and 37 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 … (0 comments)

sacramento: Home Buying Much Cheaper Than Renting - 05/01/12 03:06 PM
By Les Christie @CNNMoney
(CNNMoney) -- It's the eternal question in real estate: Should I buy or rent?
 
The answer has never been clearer: Buy.
 
In 98 of the top 100 housing markets, buying a home is more affordable than renting, according to the online real estate company Trulia. Only Honolulu and San Francisco buck the trend.
There are several reasons. Home prices are falling. Mortgage interest rates are at historically low levels. And rents are on the rise.
 
Of course, many renters are not in a position to buy. For one, it's hard to get a mortgage these days, despite low rates. And paying rent … (0 comments)

sacramento: Buy, Fix and Hold. An investment strategy in 2012 Sacramento Real Estate - 04/30/12 01:28 PM
Doug Reynolds, a Sacramento Area Realtor, discuss an investor strategy that will be prevalent in the 2012 Sacramento Real Estate Market.  It's called: Buy, Fix and Hold.  Now that the market has bottomed out in the area, investors who have been sitting on large amounts of cash are now picking up real estate investments.  They are purchasing homes that are in poor or fair condition, fixing them up to be in average to good condition and then renting them out to be held for 5 to 15 years.  This is one of the reasons for very high buyer demand in the … (0 comments)

sacramento: Changes in F.H.A. Fees - 04/25/12 08:44 PM
As the cost of FHA financing continues to go up, Conventional financing is gaining more and more traction with First Time home Buyers.  I have an excellent loan officer that offers 5% conventional financing that ends up being a better loan product in most cases than FHA.
 

 
FEES charged on mortgages backed by the Federal Housing Administration are set to change this spring; they’ll go up for some and down for others.
 
In a nutshell, here is what’s happening: Fees for refinancing will fall sharply, as the upfront mortgage insurance decreases to 0.01 percent of the base loan amount, from 1 percent, starting on … (0 comments)

sacramento: Get Your House Ready To Sell - 04/19/12 10:07 PM

Failure to Prepare Your Home’s Appearance for the Buying Eye
When buyers look at a property, they are looking for a home, NOT a house. Impressions and emotions are vital to a buyer’s decision-making process. They are seeking a certain feeling, a place in which they’d be comfortable living. So if you want to sell your home, give the buyer that feeling that they are “home.”
 
Let’s examine the emotional factors influencing the choices made by the buyer. Emotions are one of, if not the most important factor for swaying a buyer’s opinion for or against a property. It … (1 comments)

sacramento: Sacramento County Real Estate Video Update April - May 2012 - 04/18/12 08:12 PM
Doug Reynolds, a Sacramento Area Realtor, discusses the latest real estate data for March 2012 in Sacramento County Real Estate. Due to low inventory and high buyer demand, the market has shifted to a sellers market where properties are selling quickly with multiple offers.  The median sales prices has now increased for two straight months, indicating the bottom of the market has passed.  Also discussed, is the "Perfect Storm" currently going on in the Sacramento area.  It's both a great time to sell and also a great time buy due to low prices and low interest rates (it's just tough to … (0 comments)

sacramento: Talking Points - 04/16/12 11:10 AM

On closing day, most home buyers are excited about the prospect of moving into their new home.  One important final step must be accomplished before settlement: A final walk-through. While plenty of buyers whip through each room with a glance, eager to unpack, real estate experts suggest home buyers are better served by a slow and careful inspection. While some REALTORS® recommend conducting the final walkthrough hours before closing, others advise doing the walkthrough the day prior.  However, if a significant weather event has occurred between the last time the buyer saw the house and settlement day, like a windstorm, … (1 comments)

sacramento: Sacramento County Housing Statistics for March 2012 - 04/12/12 03:06 PM


Prices Rise for Second Straight Month – Bottom of the Market has Passed
In the Sacramento Area, the median sales price of single family homes has rose for the second straight month.  The median price for March 2012 was $165,900.  Up from $160,000 in January 2012.  The increase in price is due to the economics of Supply and Demand.
Low Supply: Currently, the amount of homes for sale on the market (inventory) is at 1.1 months.  That means at the current rate of sales, if no new homes came on the market, we would sell out of homes in only … (2 comments)

sacramento: FHA Mortgages Are Poised to Get More Expensive - 04/11/12 01:38 PM

As the cost of FHA financing continues to go up, Conventional financing is gaining more and more traction with First Time home Buyers.  I have an excellent loan officer that offers 5% conventional financing that ends up being a better loan product in most cases than FHA.
The Federal Housing Administration (FHA) plans to impose significant restrictions on the amount of money that sellers can contribute at closing in the near future.  The FHA also will be raising its mortgage insurance premiums during the coming weeks, increasing charges for new purchases across the board.
Making sense of the story
One … (0 comments)

sacramento: 3 Steps to Getting Your House Sold - 04/10/12 09:35 PM
Doug Reynolds, a Sacramento Area Realtor, gives the three most important steps for a seller to ensure their homes get sold fast and for the highest amount of money: 1) Make sure the home shows well. Clear clutter, no odors, no personal photos/items, lights on and great curb appeal. 2) Make sure you pick a Realtor that Markets the home well. Many good quality photos, virtual tour, and the property should be on all of the major real estate websites to reach as many consumers as possible. 3) Price the home Right.  create competition between buyers to have a choice of … (3 comments)

sacramento: Sierra Oaks, Wilhaggin, Del Dayo and Shelfield - Sales Data for March 2012 - 04/09/12 09:03 PM
There were 12 homes sold in Sierra Oaks, Wilhaggin, Del Dayo and Shelfield in the month of March 2012 . This is a increase from the 5 sold in  February 2011.  Here are the addresses and specific details:
 

 
 
Currently there are: 38 active listings, 3 active short sale listings, 13 contingent short sale listings, and 14 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 … (0 comments)

sacramento: Arden Park and Arden Oaks - Sales Data for March 2012 - 04/09/12 08:50 PM
There were 8 homes sold in Arden Park and Arden Oaks in March 2012.  That is slight increase from the 5 sold in the month of  February  2012.  Here are the addresses and specific information: 
 
 
 
 
There are currently: 23 active listings, 3 active short sale listings, 4 contingent short sale listings, and 5 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 … (0 comments)