My broker, just returned from the Realty Alliance conference, which are the top 100 independent real estate brokers in the nation.  Sacramento was the "talk of the town", apparently!

We are apparently giving the nation hope that we are turning the corner in this market, with our booming sales.  We were one of the first to be hit during this "Repo Madness" which is sweeping out nation, with a record in prices, but it looks like we are the first to be coming out of it.

Our county-wide inventory is down 58% since a year ago (8968 to 5251 currently).  Our price per square foot is down 29% (161/ft to $115/ft currently), and appears to be leveling off.  We are down to  3.4 months of inventory, from a high of 11.2 months back in Jan of '08.

Sales for the past 4 months are furious, with 39% of our listed homes entering escrow in February '09, compared to 14% last February.  This is truly phenomenal.

What does the future hold?... who knows.   But for now, interest rates are at an all time low and the buyers are coming out of the woodworks enticed by the sale prices we have. It's fast, furious... heck, we're on fire!

It's a great time to be a buyer!

 

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Check out my other posts that might be of interest.....

HOME BUYERS AND SELLERS..........Buying a Home, Selling a Home, Loans, What Happens if....

LOCAL INFO................................. Fair Oaks, Carmichael, Sacramento, Folsom, Citrus Heights

ABOUT SALLY DUNBAR.................. How I learned to...., Personal stuff, My Wordless Photos

OTHER STUFF............................... Inspiration, Attitude, Humorous Stuff, Charity, the Economy

TECHNOLOGY, BLOGGING ............. Active Rain, Technology

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For homes in the Fair Oaks or Sacramento Area of California.... I'm your gal. I'm occasionally knowledgable, periodically humorous, and always willing to tell you everything I know.  What more could you ask for?

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Sally Dunbar, 30 year Broker Associate, Lyon Real Estate, Fair Oaks, (916) 535-0356, SDunbar@GoLyon.com

 
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5 Comments on Sacramento Area... On Sale and On Fire!

APR
06
634,178 Points 68 Featured Posts Outside Blog

Sally, you are living in a HOPPING place for sure. Everyone must know it is because YOU live there. I wish you continued success with your activity.
5:34pm • #1
198,343 Points 10 Featured Posts Localism Sponsor

Hi Sally, Very good news for your market!... have a great time with it!
6:01pm • #2
5 Featured Posts Outside Blog

Hate to disappoint you, Gary, but I don't think I have anything to do with it... but I have been on fire, as well.  Escrows are flying.....

Mary - I am having fun.... in fact I'm working with a buyer from your neck of the woods... Fort Collins (at least your state).  Great people.
6:07pm • #3
166,721 Points 6 Featured Posts Localism Sponsor Outside Blog Hit Router

Hi Sally!
I have been saying this for a couple months now...I'm glad Mike is right there with us!  People forget that we were the first to feel this market...it would only be natural that we are the first to see the light at the end of the tunnel!
9:34pm • #4
APR
08

I have to agree that things are on fire in Sacramento.  As an REO listing agent we were carrying over 30 active at all times last year.  I currently have 1 active REO, and 1 active short sale.  The REO's are slow right now with the moratoriums, so I am working buyers and we are writing offer at nearly 10% over asking in Roseville and getting beat out.  My only concern is when the moratoriums are lifted and the REO's come back in greater force, will we see another dip in pricing? 
7:17am • #5

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Sally Dunbar Fair Oaks Realtor (916) 535-0356

Fair Oaks, CA

More about me…

Lyon Real Estate, Fair Oaks ('burb of Sacramento) CA

Address: 6815 Madison Avenue, Fair Oaks, CA, 95628

Office Phone: (916) 535-0356

Cell Phone: (916) 524-1548

Email Me

From the world of Fair Oaks Realtor, Sally Dunbar, who's been hoofin' it through the homes of Fair Oaks and the surrounding areas, matching up eager buyers with ready-to-move sellers, since 1979. While my home base is in Fair Oaks, I venture in Sacramento, Carmichael, Citrus Heights, Orangevale, Rancho Cordova, Gold River, Folsom, El Dorado Hills, Roseville, Rocklin and Granite Bay...(and Chevron loves me!) How have I survived for so long?... By always doing what's right for my people.... Always!


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