|
Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Downtown Sacramento. Low rates combined with current home prices make a home purchase a timely decision. Call now for more information at 916-955-9112
|
|
| Average Home Price | $450,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $700,000 - $749,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Downtown Sacramento is | Increasing |
| Seller Activity for the past 90 days in Downtown Sacramento is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Still a limited supply in a very specialized market, homes in good to excellent condition are receiving multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Older homes require more documentation. Buyer’s seem less demanding regarding repairs caused by exposure to REO properties and their overall poor condition. |
| Housing Inventory | Limited Supply |
| Inventory Comments | Approximately 4.0 months of inventory (declining) at this time and level of activity, prices holding steady or slightly increasing for homes in good condition. Demand is increasing due to low mortgage rates and lack of further declines in pricing. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Walk friendly neighborhoods, very good public transportation and government focus on revitalization. Lower prices with good selection and competitive interest rates creates a perfect time to buy in Downtown Sacramento! |
| Nearest Metro Area | Sacramento |
| Housing Hot Spots | Land Park, East Sacramento, Curtis Park and Midtown are all considered ’Housing Hotspots’. |
| Average Sold Price | $450,000 - View Graph Trend |
Downtown Sacramento Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Stephen Haley
916-955-9112
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
| |
Request More Information Let me answer your questions! Ask Me!
Stephen Haley
Lyon Real Estate
|
 916-955-9112
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Downtown Sacramento Homes for Sale | Search Downtown Sacramento Real Estate |
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
California Homes for Sale |
California Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2012 HouseHunt Inc - All Rights Reserved