Where Is the Sacramento Market Heading?

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.

If you want to be an informed buyer or seller in the Sacramento area, you need to be familiar with market trends and conditions. To keep you up-to-date, I want to share the latest numbers for Sacramento County:

• Homes for sale: 3,016, up 4.2%
• Homes sold: 1,620, down 9.2%
• Pending sales; 1,968, up 18.4%
• Average price per square foot: $186
• Inventory: 1.9 months, up 18.5%
• Average days on market: 40 days, up 11.1%

So, what do these numbers mean for you? Well, for one, it means we have more homes on the market, which means multiple offer situations are down and it's a less competitive market for buyers than it once was. For sellers, the sooner you list, the better, as the market seems to be normalizing.

If you have any questions about how you can take advantage of current market conditions, or if you need real estate assistance of any kind, don't hesitate to give me a call or shoot me an email. I would love to hear from 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!

Where Are Sacramento Home Values Heading?

 There are many great Roseville 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.
Happy New Year! Today, we're going to give you a rundown of the Sacramento area market.

We're really excited about 2015. Currently, there are 2,472 homes for sale in our area, and 1,551 homes sold last month. The average price per square foot is about $171. Homes spend an average of 49 days on the market, and we're seeing homes sell for about 96% of list price. The average sale price is about $293,00.

What do all these numbers mean for you?

Well, we have a pretty robust market right now. Sellers are having a great deal of success, and incredibly low interest rates are keeping buyers active. There are some great deals out there right now, as some sellers can't wait until the spring and need to sell now! 

As a buyer, you have a lot to choose from and rates are fantastic; as a seller, you can expect your home price to rise in the next 12 months by as much as 7%. Regardless of what you're looking to do, we are seeing some fantastic conditions in our real estate market to begin the year.

If you have any questions about conditions in your specific area, don't hesitate to give me a call or shoot me an email. I would love to help you make the most of these fantastic market conditions! 

Where's the Market Heading and What Does It Mean For You?

 There are many great Roseville 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.

Where's the Market Heading and What Does It Mean For You?

It's that time of year again! The holidays are upon us and the new year is right around the corner, making now a perfect time to stop and take a look at what's happening in the Sacramento market.

Currently, there are 3,522 homes for sale, which is a 2.1% increase over last month and a 25.2% increase over last year. A total of 1,354 properties sold last month, which is a 5.6% decrease from last month and a 4.1% decrease over last year. These numbers are nothing to worry about, however, because the number of pending homes is up 11% over last year and we have 1,489 homes pending, which is a slight 1.4% increase since last month.

What this tells us is we currently have a pretty stable market. There is still under three months of inventory here in Sacramento, which is technically a seller's market, but low interest rates make it a good time to buy as well. As we head into the winter market, many people think the market will slow down, as people are pulling out of the market for the holidays. Right now, if you're a buyer, you should take advantage of the fact that many buyers are pulling out of this very competitive market.

We hear from many buyers that they would rather wait until spring to look for a home because there is a higher inventory. While that's true, there will also be a lot more buyers out there to compete with. We truly believe that the current market is one of the best ones to buy a home in. Interest rates are expected to rise sometime next year, so now may be the most ideal time to buy a home for years to come. 

Rising interest rates also affect sellers. When rates go up next year, many buyers are going to realize they can no longer afford homes they were initially interested in, or may find out that they are no longer eligible for financing. Since buyers are likely to leave the market in droves next year, now is also the time to sell, while buyers are still clamoring for homes. It's probably not in your best interest to wait until spring next year. 

These are just a few things to think about as the year comes to an end. If you would like to discuss what these conditions mean for you, or if you have any general questions about real estate, don't hesitate to give us a call or shoot us an email. We would love to hear from you!

Sacramento Real Estate Market Update for Fall 2014

There are many great Roseville 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.

Sacramento Real Estate Market Update for Fall 2014

Hey there everybody. Welcome back to our blog. Today what we'd like to do is give you a brief market update on what has been going on in both Sacramento and Placer Counties lately. We hope you take the information from this market update and absorb it so you can know exactly what's going on in real estate. First, let's talk about Sacramento County.

• We currently have 3,349 homes for sale, a 41.2% increase over last year at this time.
• We have had 1,726 homes go pending so far this year, an increase of 8.3% over last year
• Right now, the average price per square foot for a home in Sacramento County is $174, 14% higher than last year

Overall, Sacramento County sees positive signs for both buyers and sellers. Right now, we are selling homes at 101.2% of asking price and the average days our homes are on the market is under 21, so they are selling quick. On the other hand, extremely low interest rate and an increase in inventory give buyers more options and more savings. Now, let's talk about Placer County. Right now in Placer county:

• We have 154 homes on the market, a big 56.3% increase from the inventory we had at this time in 2013.
• The average price per sq. ft. in Placer County is $191
• There are less than 3 months of inventory on hand, making Placer County a better place for sellers.

If you would like to get some more market statistics or just have any questions we can answer, please give us a call or send us an email. We'd love to help out!

Sacramento Real Estate Market Update for Summer 2014

There are many great Roseville 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.

Sacramento Real Estate Market Update for Summer 2014

Today we want to talk to you a little bit about all that has been happening in the Sacramento real estate market this summer. Let's get started. Here are some things you need to know, it's a pretty crazy market right now.

• We are seeing prices all over the place
• In the past month, we have seen a 10% increase in the number of homes that have gone on the market.
• We have seen an increase in pending home sales in the past month of 5.4% 
• Compared to last year at this time, the number of homes available for purchase is up 57.6%. This is great news if you are looking to buy a home right now, as there are many more options to choose from compared to last year, when we had only about a month of inventory available.
• With interest rates continuing to be low, now is a great time to buy. We expect home prices to increase anywhere from 3-10% in the next year so locking in a mortgage rate with these prices is essential. Waiting is not in your best interest!
• Like we said before, prices are all over the place. It's important that you work with somebody who understands the market, knows the numbers, and is able to give you good advice on purchasing a home. 
• We are seeing homes that are priced correctly going for top dollar and going fast, so now is a great time to buy as well.

If you are looking to buy, sell or invest in real estate or know somebody who is, give us a call or send us an email. It's a great time to be buying or selling in the real estate market and we would love to help them accomplish their goals.

2014 Sacramento Real Estate Market Update

There are many great Roseville 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.

What is the Current Market Like

Hello, I'm back with you again to provide a real estate market update for the Sacramento area. Before I go in-depth, I'd like to remind you that we offer free resources such as free home searches as well as a free home evaluation. Please feel free to use these free resources - they're here for your usage.

With that being said, 2013 functioned largely as a stabilizing year, and 2014 looks to build on this activity.

• Last year at this time Placer County had a 1.2 month inventory which was extremely low, but a year later we are now looking at 3.2 months of inventory.

• At this time last year Sacramento County had a 1.1 month supply of homes, and this year there is a 2.6 month supply. We're esentially seeing three times the amount of properties.

• This low inventory is great news for home sellers because it will force buyers to compete with one another, and this will probably bring much higher prices for homes.

• For home buyers, this means that there are more options out there for you. You will likely still see multiple offers on properties, but nothing like what occurred last year.

• Single story homes are also getting unbelievable prices right now, so if you're on the market with a single-story home, please come and see me because I can help you get an unbelievable price for it.

• Later on this year you can expect interest rates to rise. So if you plan on buying this year, do it as soon as possible to avoid larger monthly payments.

Bottom line is, sellers will reap the benefits of inventories that are still relatively low, and buyers will have a little more to work with but should be aware that interest rates are rising.

Once again, if you need any assistance buying or selling a home, let me know and I would be glad to help you out. I can be reached at (916) 960-4529 or you can email me at thomas@thomasmarch.com