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Spring 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
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| 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
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!
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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
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Request More Information Let me answer your questions! Ask Me!
Stephen Haley
Lyon Real Estate
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 916-955-9112
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