North Natomas Real Estate Market - View North Natomas Real Estate Market Trends in California

Winter 2012 Market Update REMEMBER!!! If it sounds too good to be true - IT IS! In the Real Estate market right now, you won’t find a 3000sqr’ home for $150K; it just doesn’t happen. With agents scrambling to sell a clients
Average Home Price	$250,000 - View Graph Trend

Average Price Compared to Last Year	Up 5-10%

Average Time on Market	10-30 days

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

Worst Selling Price Range	$350,000 - $399,000

Prices As % of Asking Price	100%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in North Natomas is	Increasing

Seller Activity for the past 90 days in North Natomas is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	The competition for a ’nice’ home is fierce! The values are there, cash investors are snatching up anything that will return a great rent value, this leaves some first time buyers or move-up buyers fighting for what’s left over. If you like it - so will someone else! So don’t wait to put any offer on it and don’t think that a house is going to sell for less then market value. In most cases - after the first 2-3 days on the market a home will typically (if priced correctly) have 5-10 buyering walking thru it AND if it’s a nice house, in a good area, with little work to be done....well, that house already has an offer on it.

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	This is NOT the lending environment of 4yrs ago --- not, 2yrs ago -- nor 6 months ago; IT IS VERY HARD to get a loan. It’s not impossible, but you need someone honest, experienced, and personnally invested I YOU! to make sure that your loan goes through....If anyone qualifies you over the phone in 5 minutes or less --- RUN AWAY!!!! A true pre-approval requires a full application, supporting documentation, and proof that you make what you say you make, you have $’s for a down payment, and you have good credit; at best, this will take several hours to obtain but realistically a pre-approval may take several days as the lender find the BEST loan program for you! BUYER: BEWARE!!!! BE REALISTIC!!!and, DEMAND!!! that all your costs be disclosed up front.

Housing Inventory	Limited Supply

Inventory Comments	Don’t beleive ANYTHING you hear in the press! The press uses area or national averages which have nothing to do with a specific target area -- yep, there are still areas in South Sacramento that are declining because no one wants to live there; these depressed areas - if dropped into the averages will make someone believe that the market is soft ----- NOT! NOT AT ALL! Areas like North Natomas, Elk Grove, West Sacramento, and Rancho Cordova where houses are less then 6-10years old are seeing a surge of buyer AND investor activity which is why other areas ARE NOT! Why buy something buiilt 20-40 years ago, when a buyer can purchase a newer home for the same price!!!!! Don’t forget IF IT SOUNDS TOO GOO TO BE TRUE --- I ASSURE YOU IT IS!

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 North Natomas! North Natomas is close to downtown Sacramento and is one of the newest communities. It is are the central hub between the Bay Area and the Sierra’s. It’s ideal for the power commuter due to it’s location to all the freeways as well within minutes of the International Airport. This is one of the best

Nearest Metro Area	Sacramento

Housing Hot Spots	Natomas, West Sacramento, Elk Grove, Rancho Cordova

Average Sold Price	$250,000 - View Graph Trend

North Natomas 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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