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Real Estate Market
The Outlook for Sacramento Real Estate is on the UpSwing.
June 4th, 2008 categories: Real Estate, Real Estate Market, Sacramento RE Stats
As you can see by the chart to the right, the home sales of residential houses from January 2008 through May 2008 has steadily risen.
Homes are selling in the Sacramento County area and Real Estate is alive and recovering. The numbers don’t lie and these are just the single family homes depicted in the above chart.
We are on an upswing.
Here are the actual numbers for each month:
811 Homes Sold in January 2008
917 Homes Sold in February 2008
1,084 Homes Sold in March 2008
1,480 Homes Sold in April 2008
1,544 Homes Sold in May 2008 
Now, the next part of this scenario on the real estate market is price. As evidenced by the chart to the side, average home prices have fallen from January by $23,000 in Sacramento County.
This is allowing more home buyers into the real estate market.
Following are the actual average home sold prices depicted in the chart above.
$277,463 January 2008 Average Home Price
$279,599 February 2008 Average Home Price
$273,207 March 2008 Average Home Price
$254.683 April 2008 Average Home Price
$254,325 May 2008 Average Home Price
Want to know how long the average days it took to sell a house in Sacramento County? T
he chart to the right is your visual look for each month from January through May 2008 of the average days on the market to sell.
Actual numbers for each month in 2008 to sell a house are: 
74 Days to Sell a House in January
66 Days to Sell a House in February
58 Days to Sell a House in March
57 Days to Sell a House in April
54 Days to Sell a House in May
With interest rates down, FHA allowing higher loan mortgages, and eager home buyers and investors returning to the real estate market, we are seeing more homes sell, prices dropped slightly over the last 4 months and some happy home buyers.
If you would like to see how many homes sold in your neighborhood along with the average prices for each zip code, just click on the Sacramento Real Estate Market Stats for May 2008.
If you like what you read here on Sacramento Real Estate Voice simply click and subscribe 
to get the latest articles sent to your email.If you have a Real Estate question, check out 
and read what other home buyers and home sellers have asked or send your question to Gena@GenaSells.com.
If you are thinking of relocating as a home buyer or simply considering selling your house, be sure to check a FREE Sacramento MLS of homes for sale.
Other Sacramento Real Estate Market Reports:
Sacramento St. Patricks Parade and February Home Sales
Sacramento Home Sales Report for January 2008
Did Homes Sell in Sacramento During December 2007?
Sacramento Home Sales Report for November 2007
Home Sales in Sacramento for October 2007
Sacramento Real Estate Home Sales for July 2007
Home Sales in Sacramento County for June 2007
Sacramento Home Sales Report for May 2007
Sacramento Real Estate Home Sales for April 2007
| Discussion: Comments »
Sacramento Real Estate Boom or Bust?
March 24th, 2008 categories: Real Estate Market, Sacramento
Real Estate is all over the television and speculation of whether or not to buy now or later.
There are areas where foreclosure is prominent and other areas where there is real estate as usual.
Sacramento was hit hard with foresclosures in a few areas where new homes were built in record number.
New homes for sale saturated the real estate market and investors or should I say, those wanting to be investors, thinking they were investors bought in record amounts. This frenzy of home buying in new subdivisions only drove the builders to build more homes thinking the numbers warranted an over extended amount of homes.
This is how investors lose their shirt. They buy at the peak of the market and find they need to sell at the lowest point. The shows on T.V. and the programs that are sold to investors can not do justice to the principles of real estate. Real Estate is local, there is no one shoe fits all. Unfortunately, the programs sold to investors capitalizes on a one shoe fits all platform. This is a recipe for disaster, in my opinion.
You ask when should I buy a house? When should I buy an investment property? When should I sell my house? Is Real Estate going to bust and when? When will Real Estate Boom, again?
Great questions. In a recent article about the best time to buy Real Estate, I point out that the top, the peak of the market has already occurred. No need to worry that you will get stuck. What should be a concern is how long you plan to live in the house or condo for sale. The BOOM that we experienced is not something that we will soon see again. Prices will slowly go up and equity building will be a a much slower pace.
So, there is no BUST and there will be no BOOM in Real Estate as I see it. Everyone loves to theorize about this. No one has a crystal ball and no one has the one true answer. Its best to be cautious and steady rather than flighty and late.
Home loan mortgages are changing almost daily. If you were pre approved for a loan last month, you may need to be reevaluated. It is becoming harder to get a loan and the terms are becoming more precise in terms of down payment on a house.
This is why, in Sacramento I continually stress how important it is to get pre approved by a reputable Lender who will know if a mortgage loan program fits your needs as a home buyer. Home ownership is not for everyone. Some do better as renters. However, if you are interested in putting down some roots, staying in your house and making a home of it…then NOW is a fabulous time to buy. It’s buyer’s real estate market and that means it’s YOUR turn.
In the meantime, if you own a home and listen to all the negative information out there on television I suggest turn it off. Enjoy your home, keep it up to date and plan on living in your house for awhile and of course NEVER use your home as an ATM machine. Thats the best advice I could possibly ever give a homeowner, new or otherwise.
Do you want to weigh in on BOOM or BUST? Have any thoughts? Feel free to comment below.
If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.
Want to see homes for sale in Sacramento? Check out the Sacramento MLS (the IDX form of the MLS and is free for home buyers).
Other Home Buyer Related Articles:
If Mama Aint Happy, Nobodys Happy!
First Time Home Buyers in Sacramento-Congratulations!
When Should a First Time Home Buyer Buy a House?
First-Time Homebuyers Should Take Advantage of the Buyers Market
New Home Buyer Information You Need to Know
What Home Buyers Want in a House for 2007
Property Taxes-Something for Homeowners to Consider
Homeowner Tips and Home Buyer Tips
| Discussion: Comments »
What Is the Average Cost of House in Roseville and Granite Bay?
February 16th, 2008 categories: Placer RE Stats, Real Estate Market
The home buyer looking to buy a house in Roseville or Granite Bay and home seller thinking of selling their house all have the same real estate question in mind.
The chart shows 3 zip codes for Roseville, CA along with the real estate market statistics for that zip code and 1 zip code for Granite Bay, CA. This chart is a generalization for residential homes for sale in Roseville and Granite Bay within a city/community zip code.
|
City/Community |
HomesFor Sale | Average Price | PendingHomes | HomesSold | Average Sold Price | Days On the Market |
| Roseville 95661 | 130 | $577,054 | 19 | 13 | $413,796 | 61 |
| Roseville 95678 | 201 | $378,487 | 42 | 18 | $314,394 | 66 |
| Roseville 95747 | 319 | $492,059 | 87 | 44 | $429,149 | 75 |
| Granite Bay 95746 | 163 | $1,344,843 | 18 | 8 | $1,180,688 | 103 |
Within each of the zip codes are neighborhoods and the home sales for each neighborhood are important. As you can imagine there are quite few neighborhoods within each zip code. For purposes of reporting home sales, zip codes are tabulated.So, now you, the home buyer and the seller ask:
- What is the average cost for a house in Roseville?
- What does a home sell for in Granite Bay?
- What are home sales for Placer County?
Following are the January 2008 real estate market statistics for residential homes in Roseville and Granite Bay, CA:
Roseville, Zip Code 95747
319 Homes for Sale
87 Homes in Pending Sale
44 Homes Sold
$411,090 Average Sold Price of House in Roseville, 95747
Roseville, Zip Code 95661
130 Homes for Sale
19 Homes in Pending Sale
13 Homes Sold
$413,796 Average Sold Price of House in Roseville, 95661
Roseville, Zip Code 95678
201 Homes for Sale
42 Homes in Pending Sale
18 Homes Sold
$314,394 Average Sold Price of House in Roseville, 95678
Granite Bay, Zip Code 95746
163 Homes for Sale
18 Homes in Pending Sale
8 Homes Sold
$1,259,125 Average Sold Price of House in Granite Bay, 95746
Below is a summary of Placer County with all the Cities, Communities and zip codes combined for residential home sales for January 2008:
Placer County Residential Home Sales for January 2008
2,143 Homes for Sale
396 Homes in Pending Sale
191 Homes Sold
$422,037 Average Sold Price of House in Placer County with an average 2,281 square feet.
Would you like to see what homes are for sale in Roseville and Granite Bay? Click on the MLS links below to see homes for sale.
Click to see homes for sale in Roseville, CA 95661 (East Roseville)
Click to see homes for sale in Roseville, CA 95678 (Central Roseville)
Click to see homes for sale in Roseville, CA 95747 (West Roseville)
Granite Bay, CA homes for sale in 95746
If you would like more information about these or any other CA homes for sale or any other real estate questions, feel free to call or email me.
Click on Roseville Homes for sale
Click on Granite Bay Homes for sale
Other Related Articles:
Roseville California Best Shopping, Dining and Living
Roseville Strawberry Festival For Placer County
Home Buyer in Sacramento Buying in Granite Bay Speaks Up
Granite Bay California An Upscale Community
Granite Bay California Overview
Home Sales For Placer County CA by City for January 2007
| Discussion: Comments »
If Mama Aint Happy, Nobodys Happy!
February 4th, 2008 categories: Real Estate Market, Real Estate Tips
Ever heard that saying? If Mama Ain’t Happy, Nobody’s Happy! The same is true with Real Estate. If Real Estate aint doin well, than nobodys doing well.
Ok, I made that up but I firmly believe it. We have seen foreclosures hit nationwide and in some areas worse than others. We have seen the homeless population go up. We have seen businesses cutting back, and others going out of business. Restaurants are hurting, and even Yahoo finds itself letting employees go. Its a trickle down effect and it all starts with Real Estate.
There is no point in listing all of the jobs that have been cut and lost you already know. Bad news always sells, but Im not here to help boost the negative. Im here to let you know that Real Estate is the key to our Nations happiness and prosperity. I am here to let you know that it is time to start thinking positive and responsibly.
That means, not only invest in Real Estate but more importantly it means to safe guard your investments by not using your home like an ATM machine. When you show respect and love to your home, it will come back to honor you. When you treat it poorly, and rob it, you end up loosing it. Real Estate is an investment to be savored and respected.
So, if you want to see a happy productive nation, I suggest that we all get back to making Real Estate happy. 
What do you think? Do you agree with my thoughts on Real Estate? Are you perhaps one of the many who refinanced your house and then lost it to foreclosure?
You will be reading and probably have read, that now is a GREAT time to buy a house since it is a Home Buyers Real Estate market.
Every bit of that is true. It is. But, if you think you want to buy and sell quickly within a year or two, then no, this is NOT the time to buy. We will be getting back to Real Estate 101 which is a time of hanging on to property and moving up in 5“7 years. That is the normal cycle of Real Estate and one of responsible home ownership.
If you are a home buyer who would like to invest time and money in a home, give me a call and lets get started finding just the right house for you. In the meantime, if you would like to look at homes for sale on your own, feel free to check out my free, no obligation search for homes for sale.
If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.
Be sure to Read Other Real Estate Tips:
Baby Steps When Buying a House
When Should a First Time Home Buyer Buy a House?
First-Time Homebuyers Should Take Advantage of the Buyers Market
New Home Buyer Information You Need to Know
What Home Buyers Want in a House for 2007
What Are the Great Neighborhoods?
Property Taxes-Something for Homeowners to Consider
Homeowner Tips and Home Buyer Tips
Sacramento Home Buyers, Sellers and Homeowners Ask Realtor “ Oct. 12, 2007
Ask Real Estate Question “ Sept. 12, 2007
Ask Your Real Estate Question “ July 31, 2007
Things are A Changing in the Real Estate World
First Time Home Buyers in Sacramento-Congratulations!
First Time Homebuyers Check-off List-Part 1
First Time Homebuyers Check-Off List-Part II-Write An Offer
New Home Buyers for El Dorado County-Set Up Your Utilities
Home Buyers Moving to Placer County-Set-up Your Utilities
New Home Buyer for Sacramento-Set Up Utilities-Sacramento County
Home Buyer in Sacramento Buying in Granite Bay Speaks Up
What Does a Realtor Do When I Want to See A House or Condo?
| Discussion: Comments »
Elk Grove CA has Burst it’s Bubble
February 4th, 2008 categories: Elk Grove, Real Estate Market
Repercussions from the decline in the Real Estate market seems to come as a surprise to so many. Real Estate really is the glue that holds our economy together.
Is it any wonder that we now have professionals touting a recession in the future or that we are in one, now?
Ask those living in Elk Grove or that have a business in Elk Grove, CA if they think we are in a recession.
I have watched many businesses fold in the recent year while others are down-sizing.
As foreclosures and short sales in real estate were eminent, I foresaw a lack of property taxes leading to a lack of income for the State and Counties in Sacramento.
It seems only common sense when one considers all the jobs that are initiated by Real Estate that when Real Estate is suffering, that the rest of the economy would be suffering, as well? The moaning and continued taunting on the television only feeds this frenzy.
Todays Sacramento Bees target headline was Bubble Burst in Elk Grove with the subtitle City may become yardstick for measuring regions recession.
Elk Grove, CA was touted as being the fastest growing City not too long ago. And with out of control growth there were new homes sprouting up one after the other. A City Council who was thrilled with the growth and approved strip mall after strip mall along with the long awaited Promenade mall to be built in 2008.
Well, things changed. These strip malls seen on almost every corner are many times vacant. The vacancy rate is about 68%. Elk Grove has been hit hard. Maderia thought to be the greatest residential development was halted. Many builders have taken bankruptcy. Promenade mall may have many stores back out before ever built and over all there has been a significant influx of foreclosures in Elk Grove.
So, what does all this mean? I see it as an opportunity. Prices obviously are at a record low and for those wanting to invest, this certainly is the prime time to do so, while prices are at a record low. New home buyers now have a great opportunity to buy their first home and those thinking of downsizing from other neighborhoods will find Elk Grove home prices to be an excellent value.
By 2010, Elk Grove in my opinion will be at the top once again. This City is one to watch, there should be a great come back and the payoff will be quite the benefit for those that invest. At the same time, it is a great opportunity for large business to put down their roots in Elk Grove, CA. This is a business dream low costs and plenty of future opportunity.
For those that are savvy, Elk Grove, CA is a prime place for investment and for those wanting to buy a home it is also a dream come true with ready made equity built-in.
Thats what I see for Elk Grove, CA. What’s your opinion?
Check out the Elk Grove MLS to see what homes are for sale in Elk Grove, CA and see the exceptional prices being offered truly a home buyers real estate market in Elk Grove, CA.
Where a Bubble has burst there will be recovery
If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.
Related Articles:
Shhhhh Elk Grove California is Sleeping
Elk Grove Celebrates the Strauss Festival
Elk Grove CA Latest Happenings
Elk Grove Promenade Shopping Mall Update
Elk Grove CA Western Festival ~ Come Join The Fun
Everyday Is Earth Day in Elk Grove, CA
Featured City, Elk Grove, California
Active Adult Communities Around Sacramento
Happy California Cows Make Electricity
Take A Spin Around Sacramento California
Elk Grove Caters To The Family
Elk Grove Red Hat Ladies in Sacramento
| Discussion: Comments »
Home Sales for El Dorado County in October 2007
November 16th, 2007 categories: El Dorado RE Stats, Real Estate, Real Estate Market, Statistics by City
The real estate market sales are in for El Dorado County for the month of October 2007.
In El Dorado County for single residential family homes, here are the following number of homes for sale, homes that received an offer that was accepted by the seller and homes that sold.
OCTOBER 2007 for Single Family Homes
- 1,462 Homes for sale
- $657,433 Average price of home for sale
- 103 Average days on the market
- 150 Homes received an offer that the Seller accepted
- 105 Homes Sold
- $484,858 Average Sold Price
- 90 Average Days on the Market
- 2192 Average Square Foot of Sold Home
OCTOBER 2007 for Condo Sales
- 43 Condo for sale
- $274,601 Average Condo Price
- 96 Average Days on the Market
- 3 Condo Accepted an Offer
- 3 Condo Sold
- $222,667 Average Price of Sold Condo
- 92 Average Days on the Market
- 1233 Average Square Foot of Sold Condo
Below is a preview of what you will find once you click on over to the Home Sales Report by City/Community for El Dorado County where each month the home sales report may be viewed and compared.
| City/Community |
How Many |
Average Price |
Pending |
Average Pending |
Sold |
Average Sold Price |
Days On the Market |
|
| Cameron Park |
139 |
$560,684 |
25 |
$418,122 |
15 |
$408,087 |
86 |
|
| El Dorado Hills |
428 |
$925,403 |
46 |
$738,656 |
35 |
$664,618 |
97 |
|
| Shingle Springs |
68 |
$779,782 |
8 |
$561,788 |
5 |
$577,800 |
58 |
|
| Pollock Pines |
134 |
$397,929 |
14 |
$377,057 |
6 |
$273,333 |
101 |
|
If you would like further information about the homes sales in your area, simply email me and I’ll be happy to provide them for you.
Tip: This month, the County Assessors office will be lowering County taxes for those whose home value has decreased. It is important to contact the tax assessor to obtain this reduction in your taxes. It will not be done automatically. If you need verification of the reduction in price for your area, don’t hesitate to contact me.
Previous El Dorado County Real Estate Sale Reports:
Home Sold in El Dorado County for August 2007
Home Sales for July 2007 for El Dorado County, CA
Home Sales for El Dorado County in June 2007
Home Sales for El Dorado County in May 2007
Real Estate Home Sales For El Dorado County in April 2007
Home Sales in March For El Dorado County
El Dorado County Home Sales Report For February 2007
El Dorado County CA Home Sales Report For January 2007
El Dorado County Real Estate Statistics for December (December 2006)
November Real Estate market Statistics for El Dorado County by City (November 2006)
Real Estate Market Statistics by City for El Dorado County (October 2006)
El Dorado County Statistics by City (4/22/06 thru 10/19/06)
| Discussion: Comments »
Home Sold in El Dorado County for August 2007
September 9th, 2007 categories: El Dorado County, El Dorado RE Stats, Real Estate, Real Estate Market
El Dorado Homes Sold from October 2006 through August 2007 is provided here by a bar chart.
Looks pretty good when you look at the chart, doesnt it?
What the chart doesnt show are the homes that were for sale during that time that didnt sell.
There were 1, 599 homes for sale in August 2007 and as you can see, only 148 homes sold in August. What does that say to you? In my opinion, if a seller, homeowner does not have to sell, you shouldnt be on the market. The old supply demand theory you remember.
Each month I provide the Real Estate market stats for the areas in El Dorado County that I cover, by City. Just click on the graph above and it will take you there where you can check out the City stats. For those thinking of buying a house or relocating to the El Dorado County area this is a good first step in looking at the Real Estate trends.
In the past I have only used the numbers for each particular month and not included those homes that did not sell the preceding months, as carry overs but from now on, I will be including them. You need to see a truer picture of the quantity of houses on the market for sale.
For the Month of August 2007 El Dorado County has the following Stats:
Residential “ Single Family Homes Only
1,599 Homes For Sale
$649,855 Average Price of Home for Sale
98 Average Days on the Market
139 Homes Accepted an Offer from Home Buyer
$525,437 Average Price of Home at Acceptance
71 Average Days on the Market
148 Homes Sold
$540,357 Average Sold Price
80 Average Days on the Market
El Dorado County Condo Market Stats for August 2007:
35 Condos for Sale
$264,016 Average Price of Condo
93 Average Days on the Market
6 Condos Accepted an Offer
$206,983 Average Price for Condo Accepting Offer
98 Average Days on the Market
3 Condos Sold
$231,667 Average Sold Price of Condo
37 Days on the Market
Dont forget to take a look at the City you live in, buying a house or relocating to to see what the Real Estate market trends are for El Dorado County its a good first step.
Related Articles:
Home Sales for July 2007 for El Dorado County, CA
Home Sales for El Dorado County in June 2007
Home Sales for El Dorado County in May 2007
Real Estate Home Sales For El Dorado County in April 2007
Home Sales in March For El Dorado County
El Dorado County Home Sales Report For February 2007
El Dorado County CA Home Sales Report For January 2007
El Dorado County Real Estate Statistics for December (December 2006)
November Real Estate market Statistics for El Dorado County by City (November 2006)
Real Estate Market Statistics by City for El Dorado County (October 2006)
El Dorado County Statistics by City (4/22/06 thru 10/19/06)
| Discussion: Comments »
Home Sales for Yolo County in August 2007
September 9th, 2007 categories: Real Estate Market, Yolo County, Yolo RE Stats
This bar graph represents the Sold homes in Yolo County from October 2006 through August 2007.
The key factor here is the amount of Homes that were For sale in August 2007 (916 Homes) and the Homes Sold (98 Homes Sold).
In my opinion if you dont have to sell than you should not be on the market. There are way too many homes for sale at this time. With added homes on the market it will only drive the price down further. The old supply demand theory.
By clicking on the bar graph you will be quickly redirected to the Real Estate market home sale or stats for each of the areas in Yolo County that I service. Check out your City/Community for the average home price and homes sold. If you are thinking of buying a house or relocating to the Yolo County area this would be a great place to find out the Real Estate trends for that specific area.
Yolo County Real Estate Market Stats for August 2007
Residential “ single family homes ONLY
916 Homes For Sale
$471,891 Average Price for House for Sale
90 Average Days on the Market
101 Homes Received an Offer
$441,553 Average Price when Offer was Received
68 Average Days on the Market
98 Homes Sold
$511,078 Average Price for Homes Sold
64 Average Days on the Market
Yolo County Condo Market Statistics for August 2007:
59 Condo For Sale
$329,582 Average Price of Condo
81 Average Days on the Market
3 Condo Homeowners Accepted Offers from Buyers
$244,332 Average Price of Condo with Offer
70 Average Days on the Market
8 Condos Sold
$296,790 Average Sold Price
50 Average Days on the Market
In the past, I have only included the homes for sale for that particular month that were new to the market. However, from now on I will include all of the homes on market from the preceding months that did not sell so that you can have a truer picture of just how many homes are for sale in a month.
Be sure to check out the City you live in Yolo County and see how the sales are going. You will be redirected to the Stats for Yolo County.
Related Articles:
Real Estate Market Statistics for July 2007 in Yolo County
Home Sales for Yolo County in June 2007
Homes Sales for Yolo County in May 2007
Yolo County Real Estate Home Sales For April 2007
Home Sales in March 2007 For Yolo County
What Homes Sold For In Yolo county For February 2007
Homes Sold in Yolo County January 2007
December 2006 Statistics For Yolo County
November Real Estate Stats For Yolo County by City
Real Estate Market Statistics By City For Yolo County
Yolo County Statistics By City(April 22, 2006 thru October 19,2006)
| Discussion: Comments »
Home Sales for Placer County
September 7th, 2007 categories: Homes Sold, Placer County, Placer RE Stats, Real Estate, Real Estate Market
Have you been wondering what the Real Estate Market for Placer County looks like?
Here is a graph of the homes sold in Placer County from October 2006 through August 2007.
The bar graph as well as the stats are always residential houses sold, only. Not that far off in terms of sold houses…in fact it looks like Placer County is holding its own. Below, I will expound on the average costs of sold homes for the whole of Placer County.
Of course, when you look at the number of homes for sale (2,799) and then take a look at the number of sold homes (315), it’s petty devastating. Way too many houses on the market. Frankly, if you don’t have to sell, you shouldn’t be on the market right now, in my opinion.
If you click on the graph above, you can see the Real Estate market stats for each City in Placer County that I sell homes in, with their market stats. So, if you are thinking of buying a home in Placer County and thinking of relocating or simply want to check as a homeowner what the stats are for your neighborhood, it is available for you each month.
In the past my stats have only included the sellers who put their homes for sale from the beginning of that particular month and not the homes that rolled over from the previous month(s) that did not sell. However, from now on, I will give you a truer picture of just how many homes are for sale all together.
As always if you are interested in the Real Estate statistics for your specific neighborhood, just email me and I’ll get them to you.
Placer County Market Statistics for August 2007
RESIDENTIAL HOMES
2,799 Homes for Sale
$633,766 Average Price of House for Sale
83 Days on the Market
351 Homes Accepted Offer on their House
$532,964 Average Price of House in Pending Sale
65 Days on the Market
315 Homes Sold
$534,092 Average Sold Price for House
69 Days on the Market until Sold
Placer County Condo Statistics for August 2007
156 Condo for Sale
$243,268 Average Price for a Condo for Sale
95 Days on the Market
20 Condos Accepted Offer
$247,631 Average Price for Accepted Offer on Condo
45 Days on the Market
14 Condos Sold
$257,931 Average Sold Price for a Condo
66 Days on the Market to Sell
If you are interested in your City Stats, be sure to come back each month and see what is happening in Real Estate for your area in Placer County. Just click on Placer County Home Sales and check out your City Stats.
Related Articles:
Home Sales in Placer County for the Month of July 2007
Home Sales for Placer County in June 2007
Homes For Sale in Placer County in May 2007
Real Estate Home Sales Report for Placer County in April 2007
Real Estate Market Sales For March 2007 in Placer County
February 2007 Placer County Real Estate Market
Home Sales For Placer County California by City For January 2007
December Placer County Real Estate Stats For Placer County by City
November Real Estate Stats For Placer County By City
Real Estate Market Statistics By City For Placer County
Placer County Market Statistics By City (April-Oct. 2006)
| Discussion: Comments »
Sacramento Home Sales for August 2007
September 7th, 2007 categories: Real Estate Market, Sacramento County, Sacramento RE Stats
August 2007 Home Sales for Sacramento County are here.
The chart to the left is a comparison of Homes Sold for the months of October 2006 through August 2007 for Sacramento County Residential Single Family Home Sales.
By clicking on the chart you will be redirected to the breakdown for each City/Community in Sacramento County where the homes for sale, the homes in pending sale and the sold homes for each City are tabulated along with the average home prices and days on the market.
As you can see from the chart above comparing October 2006 Real Estate Sales of 1,067 residential homes being sold to August of 2007 with only 775 residential homes sold in all of Sacramento County. It has been a steady slow decline in the amount of homes that have sold in Sacramento County.
However, it has been a steady incline as the the home for sale. So, when you look at the bigger picture with 10,049 homes actively for sale and only 775 homes sold…the picture doesn’t look very good. If you, as a homeowner don’t “have to” sell your house, you shouldn’t be on the market right now. It’s the old supply and demand theory. Think about it.
What it should be saying to each and everyone of the Sellers is…if you don’t have to sell you shouldn’t be on the market right now. There are way too many homes for sale, in my opinion.
In the past, my stats have been specific to that particular month and not included any homes for sale that did not sell and tagged on to the following month. In the future, my stats will include all active homes for sale not just those that came on the market for that particular month.
For general information about Sacramento County as a whole, here are the Real Estate Market Statistics for Single Family Residential Homes:
For the Month of August 2007
10,049 Homes were actively For Sale
$390,853 was the Average Price for a House
78 Days on the Market was the Average
1,205 Homes went into Pending Sale
$360,917 was the Average Price for a House in Pending Sale
64 Days on the Market Before Receiving an Offer
775 Homes Sold
$364,909 was the Average Sold Price
61 D