Your Sacramento February 2017 Market Update



I’m back with your February 2017 edition of the Sacrament Area Market Minute to give you a look at what’s happening with real estate.

  
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Today I’m bringing you the latest real estate news with the Sacramento Area Market Minute. I’ll go over some national news and let you know what’s going on in our local market as well. 


Let’s start with some national news. Both home values and mortgage rates are on the rise. All of the sources I checked out predicted a 3.6% to 5.3% increase in home values over the next 12 months. It’s also unanimously predicted that interest rates will rise during 2017, ending the year between 4.3% to 4.8%. 

What does this news mean for homebuyers? 

Hurry. If the projections hold true, waiting will not only mean a higher price on homes, but also higher interest rates on your mortgage. In some cases, it could mean paying up to $261 more a month for the same exact house if you wait until the end of the year to buy a new home. 

Although we can all agree that national averages and trends are important when looking at the market, the local markets do most of the influencing. 

Home values are far more driven by local supply and demand, and supply and demand are influenced by local economic strength. That said, let’s move on to some local market news. 


It’s unanimously predicted that interest rates and home values are going to rise in 2017.

Sacramento real estate prices are forecasted to be in the fourth fastest appreciating market in the United States. The number of pending sales, or the number of sellers that have accepted offers from buyers, was up 16.4% month over month and up 5.6% from last year. However, that number is 32.5% lower than it was five years ago.

The number of days on the market has gone up just a little from 45 to 47 this past month, but it’s down from 51 at this time last year. The big statistic here is that the average days on market is down 48.9% from five years ago.

This means if you’re even thinking about putting your house on the market, get it done! We need inventory. Over the past few years, there has never been a time when a seller had this kind of leverage in the market. However, buyers can still be successful in this market. On average, the first offer we submit for your buyers is accepted. 

 If you’re looking to take advantage of this market, either as a buyer or a seller, please feel free to give me a call or send me an email. I look forward to hearing from you!

Experience Sacramento! Your Premier Event Newsletter February 2017

Experience Sacramento 
Check out this great newsletter we create each month for our family, friends, and clients!   We have scoured the events this month throughout the Greater Sacramento Area to bring you the Best of Sacramento. Check out everything that is happening.


Summary of Events: 









Real Big Fish

ACE OF SPADES
Feb 12th

PRICING:
$35

Reel Big Fish is an American ska punk band from Huntington Beach, California, best known for the 1997 hit "Sell Out". The band gained mainstream recognition in the mid-to-late 1990s, during the third wave of ska with the release of the gold certified album Turn the Radio Off.


MEXICO CITY WOODWIND 

QUINTET

Crocker Art Museum
Feb. 2

PRICING:
FREE-$10

Considered one of the most important chamber music groups in Mexico today, the quintet is dedicated to performing music that reflects contemporary Latin America.



TWENTY ONE PILOTS


GOLDEN 1 CENTER
Feb. 11

PRICING: 
$35-$45


Tyler Joseph formed the band in 2009 with his college friends Nick Thomas and Chris Salih. He thought of the name whilst studying All My Sons by Arthur Miller, a play about a man who must decide what is best for his family after causing the death of twenty-one pilots during World War II because he knowingly sent them faulty parts for the good of his business.






"PROM" 2017

CROCKER ART MUSEUM
FEB. 11

PRICING:
$65-$190
Prom 2017, a 90s-themed night of spiked punch, wallflowers, and cummerbunds. Featuring arms-length-apart dancing, a VIP lounge, and chance to replace those embarrassing prom photos from years past. Dig out that too-small tuxedo and iridescent dress, and rock out to DJ Epik and Dog Rifle at this inaugural fundraiser supporting community arts engagement. Hair bar, late-night bites, dessert, and throwbacks included.

VIP ticket holders will have access to a private lounge and unlimited hosted bar. General admission includes one drink ticket.








THE FIVE IRISH TENORS

HARRIS CENTER
FEB. 28

PRICING:
$19 - $55

Following in the footsteps of the great John McCormack, these five exquisitely trained singers-David Martin, Morgan Crowly, CiarĂ¡n Kelly, George Hutton, and Alan Leech-have amassed more awards and prestigious performances than we can mention: from the London Critics Choice Award to a Grammy; from the Royal Albert Hall to the White House, the Academy Awards, and the Olympics.





AUTORAMA

CAL EXPO
FEB. 17-19

PRICING:
 $8-$20P Plus $10 Parking

The Sacramento Autorama is now in its 67th year.  Known as the Kustom Capital of the World and boasts being home to one of the longest running indoor car shows in the world. Over 500 show vehicles will compete for awards inside Cal Expo buildings and The Clubhouse returns in the Pavillion. Another 400-800 vehicles will join the event Saturday & Sunday for the 11th Annual Sacramento Autorama Drive-In.

Produced at the Cal Expo in Sacramento for the 12th consecutive year.





BON JOVI

GOLDEN 1 CENTER
Feb. 280

PRICING: 
$16 - $356

Bon Jovi will showcase their upcoming LP This House Is Not for Sale on a winter trek that kicks off February 2017. This House Is Not for Sale Tour, the band's first full-scale jaunt since 2013's Because We Can World Tour, packs 20 dates into six weeks, kicking off February 8th in Greenville, South Carolina and circling the U.S. before concluding March 22nd in Indianapolis.





LIV ON: OLIVIA NEWTON-JOHN, BETH 

NIELSEN CHAPMAN  , AMY SKY


CREST THEATER
Feb. 14

PRICING: 
$35-$65

The LIV ON Project and CD came to fruition the way many of the best collaborations do...via a series of conversations between friends about what matters most in life: Love, loss, hope and healing. In this case, however, the three friends happen to be international star Olivia Newton-John, Canadian singer/songwriter Amy Sky and Nashville-based singer/songwriter, Beth Nielsen Chapman.

Check out Our Current Success Story



Today, Jim and Lela talk about their experience working with the Hoyt Group to start the next chapter in their lives.

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Want to buy a Sacramento Home? Search all homes for sale.

Jim and Lela have been reading and listening to Dave Ramsey and following his program for many, many years. They have been planning and building for their retirement for the better part of a decade.

They have children on the East Coast and wanted to move closer to them and their grandkids, so they found a place to buy land and were nearly finished with the new construction of their dream home. They were very familiar with Dave Ramsey’s Endorsed Local Providers, and when it was time, they contacted us through that program.

They had a great plan outlined and were starting the process of moving with plenty of time left. We sold their home and closed a chapter of their lives while getting this next important chapter started with a very smooth and simple transaction.



Forth was always available for
whatever we needed.


“He was fabulous," Lela said. "He was very responsive and if he didn’t know the answer, he looked it up right away. He was always available by phone or text for whatever we needed. He was always right there. He coordinated the open houses, followed up with us, and when we finally got a buyer, he got in touch with them and made sure things were moving along. He was great, we really enjoyed working with him. I listen to Dave Ramsey and I heard about his affiliation with the EA, so we looked it up and thought we’d give it a try.

If you are thinking about buying or selling a home, give us a call or send us an email. We would be happy to help you!

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