Rosemont Real Estate Market - View Rosemont Real Estate Market Trends in California

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Rosemont or the surrounding greater Sacramento area. Low rates with lower home prices makes a home purchase a great value! For more information call 916-273-4975 or email me at skeenon1@gmail.com
Average Home Price	$150,000 - View Graph Trend

Average Price Compared to Last Year	Down 10-15%

Average Time on Market	90-120 days

Best Selling Price Range	$100,000 - $149,000

Worst Selling Price Range	$200,000 - $249,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Rosemont is	Increasing

Seller Activity for the past 90 days in Rosemont is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Currently, multiple offers are being submitted on homes that are in reasonable shape and are not short sales. This does cause some homes to sell for more than the asking price, especially when the buyer is asking for closing cost credits.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	More than 50%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	There are many loans available to the first time homebuyer, FHA, VA and of course conventional. In addition, one lender I work with has a program which allows for only 5% down with no mortgage insurance payment. This allows the buyer to purchase a higher priced home by applying all their qualifying income toward the mortgage, not the mortgage insurance!

Housing Inventory	Good supply - Some Prices

Inventory Comments	We are seeing more bank owned and short sales. There is a large selection available for sale of condos and single family homes. It is a great time to buy, before rates go up, while prices are slightly down. Many changes to the lending laws and practices this year may slow the loan process.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Rosemont! Rosemont is a tightly knit community with an old fashioned neighborhood feel. Many homeowners have lived in Rosemont for more than 20 years.

Nearest Metro Area	Sacramento

Housing Hot Spots	Midtown, East Sacramento, Land Park, Citrus Heights, Carmichael and many more are nearby and quite popular with residents in the area. The Greater Sacramento Area is a great place to live, work and play.

Average Sold Price	$150,000 - View Graph Trend

Rosemont 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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