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Archive for May, 2009
5 Reasons To Buy A Home In Sacramento
The Sacramento Real Estate Market is First Time Home Buyer Friendly!
The decline of the Sacramento region real estate market has been tough. There isn’t anyone who hasn’t been touched by this near depression both in the housing industry and other sectors of the regional economy. That said, every cloud has a silver lining and currently and that silver lining, or in the case of the first time home buyer, is a GOLD lining!
The Sacramento real estate market has more to offer the first time home buyer than ever before. Here’s the top 5 reason why the Sacramento real estate market is THE place for the first time home buyer:
1. Renting costs MORE!
Rocklin/Roseville Open Houses Today!
Google Interactive Map for Open Houses This Sunday!
Updated 5/10 @ 8:00 am
I’ve created a interactive Google map with all of the open houses scheduled in the MLS for Sunday, May 10th. This map has been updated with all of the open houses for the coming weekend. It’s Mother’s Day and there are very few open houses scheduled today.
The schedules in the MLS sometimes don’t get posted until the last minute, ie. on Friday mid day or sometimes early Saturday. I do the best I can to create this map every Friday evening and checking for updates on Saturday morning.
It happens that the agents scheduled to hold any given home open have to cancel at the last minute for whatever reason. If you’re interested in a specific home and would like to see it, why not give me a call for a private showing? This will ensure you get to see the home you’re interested in and minimize frustration.
The weather forecast for this weekend looks beautiful. Give us a call to see any home in the South Placer County or Sacramento County areas.
For a private showing of any property on the map, please click here to contact me. For a larger version of this map, click the link “view larger map” at the bottom center of the map.
Happy Mother’s Day!
I’ve got some neat stuff planned today for my wife, it will be her day with sleeping in, breakfast, a break from the tyrannical 4 year old, a new front patio and a new shoe rack built by myself and the 4 year old.
He and I are staining it with this morning and that should be fun. I’ve got a spaghetti and meatball recipe that was handed down by my mom and changed over the years to fit the tastes of whomever I was cooking for. I make it from scratch with the tomato sauce, paste, veggies, etc, then cook it all day. It’s very good!
I used to make it with sausage but my wife likes meatballs so I do it her way. “A happy wife is a happy life”..I hope she likes it, she always seems to. Comes with bread too..garlic and light cheese..hmmm..I’m getting hungry now!
I’d share the recipe but it’s all “off the cuff” and I don’t have any of it written down. The only hole in my plan is dessert. My mother in law usually takes care of that, she a big dessert fan and has been known to eat a small entree in favor of her favorite dessert! That is SO committed! My father in law will bring the wine.
My mother passed away several years ago and there isn’t a single day that goes by where she doesn’t enter my thoughts especially today and her birthday, May 25th.
Whatever your relationship with your mom, be grateful that you have her. Mom’s are priceless. My wife is and so was my mom.
Have a GREAT day!
Roseville Real Estate Report – April
Sales Remain Strong In April
Sales of existing homes in Roseville remained consistent with March numbers in April at 126 homes sold
in Roseville. This is good news as sales in Sacramento County as a whole declined in April.
Because Roseville and Rocklin are different markets than Sacramento at the moment due to the foreclosure investment opportunities, I would expect this to be the case. There are a few unknowns about the real estate investment side of the Sacramento market right now and investors are a bit wary. With any luck, that should sort itself out in a month or so.
Sacramento and Placer Counties could see more homes for sale than normal in the coming months.
Here are the April Roseville real estste statistics:
Sacramento Region Homes for Sale – April
Inventory Increases
The total number of homes for sale in the Sacramento region including El Dorado and Placer counties increased 3.5% in April over March. This spike in homes for sale is normal for the time of year when more homes typically come on the market. If history tells us anything, the total number of homes for sale should increase or hold steady over the next few months.
The number of homes for sale in Placer County increased 8.9% in April over March. While a more significant increase, this is normal for the time of year. Call it a “seasonal” increase. Additionally, loans at the higher price points have been a bit more difficult to obtain thus it’s taking a little longer to get those homes sold than it used to.
This increase breaks the 3 month decline in the number of homes for sale in Sacramento County. Depending on what the banks do with the “shadow inventory” (homes available for sale but not on the market) inventory levels may stay reasonably stable.
Sacramento Home Sales – April
Sacramento Real Estate Market Takes a Breath
The April numbers, honestly, aren’t that surprising. That said, I expected the average sales price to be closer to the numbers in the first quarter of this year. I guess buyers, especially investors, are taking a bit of a break from the harried pace of the last 4 months. With fewer sales, prices have come down.
Average Sales Price and Homes Sold Dips
The average sales price of homes in Sacramento County dropped almost 16% in April. Compared to the
numbers in the first quarter, this is a little startling. While not surprising due to the number of homes that are not occupied AND not on the market. This has created a “false bottom” in the Sacramento real estate market and investors are waiting to see what’s going to happen going forward.
This news has gained national attention and it’s my guess that buyers, especially investors, are waiting to see what the next couple months will bring. It’s been my advice to investors to sit tight for a month or so to get a better read on what the banks will do with the homes that have been foreclosed on but aren’t on the market.
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