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

Spring 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	No Change

Average Time on Market	10-30 days

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

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

Prices As % of Asking Price	100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

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	Limited Supply

Inventory Comments	We are still seeing mostly bank owned and short sale properties. Those that are in fair to excellent condition are selling quickly, usually less than 30 days. Multiple offers on the good properties is not unusual. Many of the buyers for this area are using an FHA loan which precludes buying a property that needs a lot of repairs. Properties that require updating and repairs are mostly being bought by investors who are improving the property and either holding as a rental or putting back on the market.

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	Larchmont, College Greens, 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

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.

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