Is it a good time to "Buy Up" in West Sacramento? This question has been discussed a lot recently, and my answer is absolutely! There are small pockets comprised of mainly 2bd/1ba homes under 1500sqft-- namely The State Streets, Woodmore Oaks, and occassionally Linden Acres where homes are selling between $175k and $200k. The competition is fierce because of a lot of interest from mainly first time homebuyers who qualify for $200k or less. One of the great things about these neighborhoods (besides being beautiful, tree lined, established areas) is there are no Mello Roos assessments, which keeps the monthly payment lower when impounding taxes.
At this time, sellers in The State Streets and Woodmore Oaks have a lot of competition to purchase their homes. At the same time, they can get into a newer, larger home for $225k on up in Southport. In the $210k - $375k price range there is less competition among buyers. In fact, I recently helped a buyer close on a 3bd/2ba for $195k in the Bridgeway Islands neighborhood of Southport. In the Bridgeway Lakes neighborhood, 2500+sqft homes are going for $275k and up and there is even less competition for these homes. In the Parella Unit, Newport Estates, and River Landing it's the same story.
So, is it a good time to buy up in West Sacramento? YEP! You can get a newer home with no worries about outdated electrical and plumbing, more square feet and storage, contemporary floorplans, dual pane windows, lifetime roofs, and all the other great features of a newer home. Note: on most of these newer home communities, there are Mello Roos assessments, but not all. So, if you're a buyer thinking of selling your smaller home and getting into a larger, newer one or your an out-of-area Realtor looking for a referral agent, I am the West Sac expert, ready to help you through the process! Happy New Year....
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