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South Land Park Real Estate Market Trends – California

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South Land Park Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > California Real Estate Market > South Land Park Real Estate Market

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in South Land Park. Low rates with current home prices makes a home purchase a great value! Call now for more information at 916-955-9112
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	60-90 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$600,000 - $649,000

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 buyers than sellers

Buyer Activity for the past 90 days in South Land Park is	No Change

Seller Activity for the past 90 days in South Land Park is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	Properties that are priced at the market and are not short sales are receiving multiple offers in the asking range of $300,000 and below.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	40-45%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Rates are excellent, at all time lows but, lenders are extremely wary and want good credit and documentation for the best programs.

Housing Inventory	Limited Supply

Inventory Comments	3 months of inventory, meaning that if no new listings were to come on the market, everything listed would be sold in less than 3 months. 23% less homes on the market than one year ago, less inventory limits Buyer’s choices creating more competition for homes well priced and in good condition.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Low prices with good selection and low interest rates creates an historically low cost to own a home in this great area of Sacramento.

Nearest Metro Area	Sacramento

Housing Hot Spots	Most communities within the Sacramento County area are considered ’Housing Hotspots’

Average Sold Price	$225,000 - View Graph Trend

South Land Park 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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Stephen Haley

916-955-9112

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Mortgage Rates

– Feb 23rd, 2012 –
---------------------------------

30 yr. fixed rate: 3.90%
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%

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Stephen Haley

Lyon Real Estate

916-955-9112

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(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.)

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