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!

What Do Our Past Clients Think of Us?

 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.

We do everything we can to make sure your buying or selling experience goes as smoothly as possible. We strive to exceed expectations and ensure all your real estate goals are accomplished. Don't believe us? Check out what a valued past client had to say about us!

Sanjay Varshney:

"I moved here 10 years ago from Syracuse, New York. When I moved here, it was a very interesting time - the market was climbing very quickly and homes were selling very fast. We had less than a day to figure out the market and find a home. We were very lucky to meet Thomas March. He was our guy - in one weekend he took us all over the place. We found a home in Folsom and bought it. Thomas was instrumental in helping us find a home because he knew the market and was able to execute a deal in a short amount of time."

"To find the right home was imperative, as the move from Syracuse to Sacramento was a huge task. My wife and I had a large home filled with many things we have collected over the years, so the move would not have been easy without the help of Thomas March. After a year at our home in Folsom, we decided we wanted to move into a bigger home. The first person we thought to call was Thomas March because he did such a great job the first time. We were truly amazed by how he was able to help us."

"The market has come a long way since 2004, homes aren't selling now like they were then. The prices, while they have come back quite a bit, are still tough for sellers. In order to sell in the market we sold in, we had to do all the right things in order to achieve our selling goals in a short period of time. Thomas March was fantastic - he had the right marketing plan, was very knowledgeable about the market, understood the key pricing concepts, and had the sophistication to figure out what the market was willing to bare and act quickly."

"I'm very business driven. I didn't want to waste my time looking at the wrong people, chasing the wrong things, and being promised things that will never be delivered. I told him what I wanted from my home sale and what I was willing to do to make it happen. I found Thomas March to be very honest and sincere about his effort. He staged our home to make it look stunning and helped us accomplish our selling goals."

"We had a very professional experience in an industry that is not always professional. We were very pleased - you don't see people use the same Realtor® twice very often, but we did. If I had to use someone a third or fourth time, I would call Thomas March!"

Sanjay isn't the first person we've helped accomplish their buying and selling goals, and he won't be the last. If you want a professional experience with an agent you can trust to get the job done for you, give us a call! We would love to help you make the most of your real estate experience! 

Do You Remember What a Crazy Year it Was?

What a wild ride it has been this year! When we began 2013, we had seen less than a months’ supply of homes, multiple offer scenarios and a bit of recovery in the market. Boy, did things change during the first quarter! We saw home prices appreciate 15-20% and by the end of the quarter, we saw pricing structures similar to 2004-05. In fact, we sold two homes last year that were priced higher than they were in 2005. Needless to say, there has been amazing recovery in the market and things seem to remain strong.

There are still also droves of buyers flocking to the market and not nearly enough properties for all of them. However, inventory levels are increasing and we are starting to see less and less of the bidding wars we saw in the second quarter of 2013. Prices are starting to rollback and sellers aren’t able to ask whatever they want for a property and get away with it. I can see this trend continue through 2014 and inventory rising in the spring. This may cause price reductions in the second quarter of 2014 which means that could be the best time to sell your home in the coming years.

My prediction is that we will see a 5-15% drop in pricing towards the end of the year as interest rates are predicted to rise to as much as 5.5%. This is how the market keeps itself balanced. For every percent that the interest rates go up, a 10% drop in pricing must occur; in other words, this is to keep the monthly payment the same.

Our prediction for 2014 is a strong first quarter followed by a slowing in the second and third quarters with serious price reductions closing out 2014 as interest rates go up. This means the beginning of the year is a great time to sell your home and if you’re thinking about buying, you want to do so before interest rates go up. Waiting will not be on your side in 2014!

I want to wish you the best in 2014 and if you need anything, don’t hesitate to call. Make it a great day!


Buyers click here to search all area homes for sale.

Sellers click here to find out what your home is worth.

How is the Sacramento/Placer County Market Affecting You?

Today I wanted to talk to you about the market and trends of Sacramento and Placer counties. About a year ago, we had a limited supply of homes with less than a month’s worth of inventory. This was turning the market in the favor of the sellers with multiple offers on properties and selling for above asking price. However, in the last few months the market has begun to stabilize as inventory levels have been increasing. Sacramento County has 2.3 months of inventory of homes and Placer County is showing 2.4-2.5 months’ supply of homes. Also, sellers in the Placer County market are asking quite a bit more for their homes and even the same prices they originally paid in 2005, causing fewer homes to sell and prices to drop.

If you have a home to sell, don’t forget about our Guaranteed Home Sale where we guarantee to sell your home in 29 days or less or we will buy your home! For more information about this great plan, give me a call at (916) 529-5342. If you are looking to buy a home, check out our one of a kind home buying website at http://www.thomasmarchgroup.com/. Thanks and have a great day!