Sacramento Real Estate Market Update for July 2018

By
Real Estate Agent with Lyon Real Estate BRE #00697006

Our real estate market in Sacramento is shifting slightly. Now, instead of receiving 5 offers on every listing, we might get one offer, but it is still a darn good offer! First-time home buyers are still submitting offers, so that is good news. But most of those are in the lower price ranges.

Some buyers are even asking for a closing cost credit without raising the sales price. That would have been an unheard of request over the last few years. Sellers would say no, forget you. But now sellers are saying, hey, maybe we can make this work.

You can read more in my personal blog today at this link: July 2018 Sacramento Housing Report Suggests Stability.

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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

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 Lyon Real Estate. 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.

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Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Elizabeth,
I'm pleased to seeing a shift toward a more balanced market.  Thanks for the info.

Aug 11, 2018 11:15 AM #1
Rainmaker
3,610,723
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, great market report for Sacramento, and Denver is seeing the very same market here.    Not the onslaught of multiple offers, but still at least one good one.

Aug 12, 2018 06:25 AM #2
Rainmaker
2,032,276
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Carol Williams I think nobody wants to come right out and say we are stabilizing, but that's my take over the past 4 months. The month of May seemed to be the turning point.

Aug 13, 2018 12:57 PM #3
Rainmaker
2,032,276
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Joan Cox I have a few offers on my more affordable listings, the upper-end is moving more slowly. Maybe 2 to 3 offers on the listings around $300K to $350K.

Aug 13, 2018 12:58 PM #4
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Rainmaker
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