Downtown Sacramento Real Estate Market - View Downtown Sacramento Real Estate Market Trends in California

Winter 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

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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