What’s Happening in the Current Real Estate Market?

I’m out on a ride today with Flossy looking for some boundary markers for a lot I’m getting ready to list on the market, and just wanted to bring you a quick market report.

The Greater Sacramento Area market looks strong this month, with 45 homes priced $500,000 to $600,000 listed for sale this month, which is down 10% from last month. For homes priced $150,000 to $250,000, we saw no change in the number of homes listed for sale.

Even though there has been a decrease in the number homes that are currently on the market, that does not mean there has been a decline in the $500,000 to $600,000 price range. There has been a 61.5% increase in the number of homes sold this month compared to last month. In short, supply might be down but demand is high, making it the right time to make your move now. To get more information about the current market please reach out to me at 916-316-3810.

“

Now is the time to make your 
move in our market.

”

In the Folsom market, homes priced $500,000 to $600,000 saw a 24.1% increase in the number of homes listed on the market, but a 22.9% decrease in the number of homes sold. In homes priced $150,000 to $250,000, the number of homes listed for sale decreased by 50%, and we didn’t see much of a change in the number of homes sold.
For the tri-county area as a whole, we saw a 7.5% increase in the number of homes listed for sale, but a 16.9% decrease in the amount of homes sold. This is a 12.9% decrease from last year.

Looks like Flossy and I found the property marker! If you’ve got any questions about anything related to the current market or real estate, give me a call at 916-316-3810 or email me directly at Forth@thehoytgroup.com. I’d be happy to help you!

What's the Secret to Buying and Selling Successfully in Sacramento?

There are many great Folsom and Sacramento area homes for sale.Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 248-7777 for a FREE home buying or selling consultation to answer any of your real estate questions.

As you probably know, the best time to buy or sell a home is the springtime! The great weather brings buyers out in droves, which usually results in more offers on your home. Obviously, the more offers you receive on your home, the better chance you have of selling for top dollar! 

The average days on market for the typical agent in Sacramento is 44 days. For my team, the average time on market is only 17 days! If you want to sell your home fast and for top dollar, there is no better time to do so!

If you plan on buying, there are some great Alternative Financing (Alt-A) options you should know about. If you are self-employed, Alt-A bank statement programs will allow you to use 12-24 months of bank statements, rather than tax returns, to get approved for financing. This helps people whose books aren't balanced in a traditional way.

If you want to buy or sell successfully in our market, you need to identify your needs and your goals. In order to achieve success in our current marketplace, you need to work with an expert. Give me a call or shoot me an email if you need real estate assistance of any kind. Or, if you need financing assistance, you can reach our friend and preferred lender, Evangeline Scott of Partners Mortgage, at (916) 496-0160.