How Can You Capitalize on Sacramento Real Estate?

There are many great Placer 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) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I just wanted to give you a brief real estate market update for the Sacramento area. If you're planning on buying or selling anytime soon, you should find this very useful.

As of June 15th, we had 2,894 homes for sale, which is a 10.5% increase over last month. 1,713 homes sold last month, which was a 12% increase over last month. 

There were 1,842 homes pending, and that is a 26% increase over last year at this time. The average days on market was 30 days and there is only a 1.7 month supply of homes. 

Placer County is a little different. We're seeing 1,287 homes for sale, which is a 5.3% increase over last month. However, 655 homes sold, which is a 12.9% increase over last month. Also, 631 homes went pending for sale, which is a 3% increase over last year. The average price per square foot dropped a little bit, but it's still very high. Inventory is still very small, and we only have 2 months of inventory. 

What does this mean for you? We're in a stable market with appreciation. We don't expect interest rates to increase as dramatically as we had previously thought, and this is great news for buyers. Because it's an election year, we don't believe rates will rise as sharply as they have in the past. 

Inventory is still very low, so it's a good time to sell, especially in the next month or two. Buyers will be pulling out of the market in the next few months, and you may have to wait until spring to get top dollar on your home.

If you're looking to buy, you'll need to make strong offers and act quickly on homes that you like. Inventory will be declining soon, so make sure to start your home search soon. Also, prices will only continue to rise as time goes on, so the sooner you buy, the better off you will be. 

Hopefully this has been helpful to you. If you're looking to buy or sell in Sacramento, please don't hesitate to contact me. If you're looking for more detailed information on your neighborhood, please ask us and we can provide that to you!

Is Sacramento in a Housing Bubble?

There are many great Placer 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) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hey everyone, thanks for joining us. A question I've been getting asked more and more lately is, "Are we in a housing bubble?" Let me first say that my answer is, unequivocally, NO!

My opinion is that we are at a stable appreciation level now, after seeing double-digit appreciation over the last few years. That stabilized, and now we are into single-digit appreciation in most areas across the nation. The market is pretty stable right now. We are not seeing people coming up and buying everything they can handle anymore.

The market is normal, where buyers are buying and sellers are selling. The investors who were snatching things up before are not around as much. Next year is an election year, and historically, interest rates do not go up during these years. Economically, we will see interest rates remain pretty stable over the next year or so.

We're seeing low supply in a lot of areas, but the builders aren't building fast enough to match the demand. With little supply and a high demand, there is no bubble on the horizon.

If you're looking to buy, now is a fantastic time. Rates are going to stay low for a while, but prices are increasing fast. 

For sellers, there is a huge demand for inventory right now. You can sell for top dollar and with multiple offers. This is great for those who are thinking of upsizing or downsizing.

If you have any other questions for us, give us a call or send us an email. We would love to speak with you!

What Should You Know About Sacramento Real Estate?

There are many great Placer 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) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I'd like to give you a brief real estate market update in order to give you a clearer picture of our local market.

• In Sacramento County we had 2,620 homes for sale, which was an increase of 8.8% over last month, but a decrease over last year at this time. 
• 1,905 homes are pending for sale, which is an increase of 10.3% over last month, and a 24% increase in home sales over last year.
• The average price per sq. ft. in Sacramento was $184, which is an increase of 6.7% over last year.
• Our average days on market was 34.
• The sale to list price ratio is sitting at 98%, and the median home price is at $290,000.

Now let's take a look at Placer County 

• There were 1,222 homes for sale, and 560 homes actually sold. More good news is that 665 homes are pending for sale right now, which is nearly a 30% increase over last year.
• Average price per square foot is $202, which is a 3% increase.
• Average days on market is right at 37, and the average sale to list price ratio is right at 97%.
• The median homes price is currently $403,000 dollars, which is up from $380,000 last year.

In most areas, we have less than a two month supply of homes, which is putting us in a strong seller's market. This shouldn't scare away buyers though, because interest rates are still sitting at historic lows. However, they're not going to get any lower, so you should buy as soon as possible if you've been thinking of buying.

Please don't hesitate to reach out to us if you need help buying or selling in Sacramento. I would love to serve you!