Even though we are moving into what is seasonally a slow-down of the real estate market in Land Park, I'm looking forward to an extremely busy month: 8 of my transactions are scheduled to close in July. One of those should have closed last month but the buyer's agent went on vacation, which tends to deliver delays, so one of my Land Park listings didn't close in June -- it closed yesterday.
Here is a snapshot of the closed homes in Land Park for June:
- 1132 7th Avenue, $875,000*
- 2782 Harkness Street, $465,000*
- 1801 4th Avenue, $430,000*
- 2665 16th Street, $429,500*
- 1232 Larkin Way, $410,000*
- 783 Robertson Way, $395,000*
- 2816 Riverside Blvd., $340,000*
- 879 3rd Avenue, $325,000*
- 1832 Commercial Way, $319,000*
- 909 7th Avenue, $304,000*
- 2617 Freeport Blvd., $295,000*
- 2172 Perkins Way, $290,000*
- 2206 6th Avenue, $118,800*
You might wonder about the last one home on 6th Avenue, but it sits right next to the railroad tracks, and it also sold for all cash in 1 day. * Full disclosure: These homes were listed by other brokers and were not my listings.
All together, 13 total homes closed escrow in June in Land Park. If my listing had closed as scheduled, there would have been 14 homes in Land Park close. The average price-per-square foot was $287, and the average days on market were 77. Based on per-square-foot prices for the same period last year, when 12 homes sold, prices have slightly dipped by 2%. But that's primarily because we had a $1,100,000 sale in June of 2008. That home skewed the square-foot averages for last year in June.
Not surprisingly, there were also 13 homes in Land Park that closed escrow in May of 2009. And the price per-square-foot was identical to the June average.
Also, not surprising, Lyon Real Estate owns the market share of the listings in Land Park. I'm proud to say that Lyon Real Estate sells more homes in Land Park than any other real estate brokerage. We own the lion's share of the listings and we represent almost one out of every two buyers for Land Park.
If you're looking to buy or sell a home in Land Park, you can call me or any other Lyon Real Estate agent and feel assured that you will receive exceptional service from an area specialist.
I sold another listing in Land Park for more than asking price and in less than a week this June. It is in active contingent status. The sellers also have a back-up offer. When I brought 3 offers to the sellers for review, I laughed, "Hey, weren't we sitting at this table just a week ago signing the listing paperwork?" It helps a listing tremendously if photographs are submitted immediately to MLS, and I shot a lot of photos the day I took the listing. I'd like to think it was my photos that sold that Land Park home so quickly, but it was most likely location and marketing, and not my marvelous Nikon that did the trick.
On another note, if you're wondering about whether a prickly pear cactus can survive in a Land Park cactus garden, check out my blooming cactus above. Part of my Land Park garden was converted last year into a cacti / succulent paradise. Remember, because watering times are reduced this year to 15 minutes, a drought-tolerant cactus garden might be attractive to you, too.
I've been experimenting with various varities of cactus, and know which types are likely to survive our winters in Land Park. Whether you'd like to talk about Land Park real estate or Land Park gardening, give me a ring. I always answer my cell: 916.233.6759.
Elizabeth Weintraub is an author, columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you.
The Short Sale Savior, by Elizabeth Weintraub, available in bookstores everywhere and at Amazon.com.
Photograph: Elizabeth Weintraub, Prickly Pear Cactus in Land Park, Sacramento
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