Special offer

It's Not Only The Greater Sacramento Housing Market That's GONE WILD!

By
Real Estate Agent

While sitting here at my computer processing statistical information for Sacramento County Home Sales, I heard the familiar whup-whup-whup sounds of the Sheriff’s helicopter flying overhead. 

Living as close to the American River as I do, I often hear the police aircraft hovering above during summer months, when rafters and other fun loving folks find a place to cool off in the water. 

It was the prolonged period the whirlybird sound continued, that reminded me today is the Third Annual 
“Rafting Gone Wild” event. I put a hold on statistical analysis, grabbed the camera, jumped on my bicycle and headed for the river.

Just to prove it’s not only the Greater Sacramento Real Estate Market that’s Gone Wild, I’ll provide you with a couple pictures of the rafters, following the June housing number graphs.

While Sacramento County has experienced smaller numbers of homes listed "For Sale" these past several months, we did experience a 23.2% jump last month in comparison to June a year ago. However, a general shortage of inventory continues to create frustration for many homebuyers.

Although choice of available homes continues to challenge homebuyers, the market continues to provide low interest rates for mortgages, even though interest rates have seen some elevation. 

Home values still haven’t reached the record highs achieved in the months leading up to the housing bubble of 2006.

Those in a position to purchase, and are able to find a suitable home for their needs, should act now!

The following charts provide sales statistics for the month of June followed by numbers for the previous month of May.

 

https://www.activerain.com/blogs/myrljeffcoat

https://www.activerain.com/blogs/myrljeffcoat

 

https://www.activerain.com/blogs/myrljeffcoat

https://www.activerain.com/blogs/myrljeffcoat

Posted by

Myrl Jeffcoat ActiveRain Signature
  

Comments (11)

Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Myrl, I absolutely love your enthusiasm for life and a bit of humor. Thanks for the water rafting photos.  Very peaceful view.

Jul 13, 2013 11:20 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Mary - I have learned that statistics set to a past date don't usually change.  But the river is an ever changing scene.  Carpe Diem:-)

Jul 13, 2013 11:35 AM
William Johnson
Retired - La Jolla, CA
Retired
Hi Myrl, This looks to be such great fun. Glad you shared this great photos. The market looks to leveling out a bit and while it seems slower, I think in the end the results will be more sustainable. At least the Fed has agreed that they are going to keep buying the bonds for the indefinite future.That should keep the rates low enough to encourage buyers to buy.
Jul 13, 2013 01:51 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

:)

Jul 13, 2013 02:00 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Rafting is well worth it! I always love it!

Jul 13, 2013 02:00 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Myrl,

How fun, we have loved rafting for a long time.  Our first trip was on the American River.  These are such fun pictures and thanks for sharing them with us.  A

Jul 13, 2013 03:01 PM
Roy Kelley
Retired - Gaithersburg, MD

Home buyers certainly need to be well prepared for the current market conditons and likely multiple contract competition.

We have a hot day in Maryland and rafting on the river would be a great idea.

Jul 14, 2013 01:47 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

GREAT rafting photos Myrl and the river looks like the place to be on the hot days. Hot as your market too.

Jul 14, 2013 02:29 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

William - There is no alcohol allowed on the section of river that experiences this event.  There was a very heavy police presence, but I don't know how successful they were in the enforcement of their prohibition efforts:-)  Still, for the most part, it appeared thousands pf rafters came and had a really great time!  Mainly police and rescue teams were in place to simply keep everyone safe!

Laura - It was hard not feeling envious of those on the water yesterday.  It was a perfect day for rafting!

Jul 14, 2013 02:49 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Alexandra - At one point, my family owned our own raft, and we were out on the river between Sunrise Bridge and River Bend Park often.  When our raft bit the dust, it wasn't replaced.  We do have two really good raft rental places closeby.  I'm thinking we are overdue for another trip down The American.

Roy - It is amazing how much cooler it is on the river.  However, on really hot days, you need to be careful about sunburns.

Gary - The river is an inviting place on most summer days!  Especially fun with large groups of family and friends!

Jul 14, 2013 02:54 PM
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

I want a raft and a house in Sacramento...ah probably not in that order.

Jul 15, 2013 01:16 AM