Sacramento Median Housing Price Now vs Market Crash

By
Real Estate Agent with RE/MAX Gold DRE #00697006

Say what you want about rising home prices in California, the fact is experts report 3 out of 4 people cannot afford to buy a home in this state. We have pockets of affordability, areas like Sacramento, for example, or Riverside, you know, cities near a more expensive metropolis. As I read an Orange County Register article about the dire straits of our housing market and the predictions from a CAR economist, I decided to take a look at our own micro-market in Sacramento.

Sacramento is different because we were among the first hit when the market crashed. Our record high was August of 2005, not 2007. You can read more in my personal blog today at this link: Rising California Home Prices to Break 2007 Record High.

Posted by

elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

Elizabeth Weintraub reviews

 

 

 

Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Sacramento County Sacramento
Groups:
Everything California
Northern California Real Estate Professionals
CALIFORNIA REAL ESTATE
Lyon Realtors
ActiveRain Rockstars
Tags:
sacramento real estate predictions
sacramento housing market report
rising california home prices
housing market high august 2005 sacramento
housing market high september 2017 sacramento
when will prices stop going up

Spam prevention
Show All Comments
Rainmaker
1,804,122
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Interesting Elizabeth...ours was early 2006 & it has come back now..people need to watch their buys I always say.  So enjoyed your Sacramento city!

Oct 20, 2017 02:16 PM #1
Ambassador
4,074,296
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Our peak I think was late 2006 but it varied by community. Affordability is definitely becoming more of an issue.

Jeff

Oct 20, 2017 10:29 PM #2
Rainmaker
4,162,676
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, our market did not crash completely until 2008, and has completely come back, but I would not say affordable.

Oct 21, 2017 06:33 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,190,202

Elizabeth Weintraub Sacramento Realtor Top 1%

Put 40 years of experience to work for you
How much is my home worth?
*
*
*
*
Spam prevention

Additional Information