Sacramento Real Estate Views

Archive for the 'Lincoln' Category

Lincoln Homes Sales Report

July Sales Down Significantly Over June

Home sales in Lincoln, as you can see by the graph on the left, have really fallen since the end of the first time home buyer tax credit expired.

Although the tax credit was extended, it happened after the scheduled expiration of the credit and by that time, a good portion of first timers assumed they had missed out on the credit and lost the incentive to purchase.

Had the extension happened sooner than at the expiration date, it would have helped a lot more first time home to keep looking and buy homes, boosting home sales in Lincoln.

The July home sales numbers reflect that.  In June, 127 homes closed escrow while in July, the third lowest sales month of the year so far, only 78 homes sold a 38% decline in one month.

That is significant.  National housing reports reflected the same trend being the lowest selling July in 15 years.

Not good.

Average Sales Price Declines

As the graph shows, the average sales price has also declined with the lowest point being in May, the highest point in February.

While June and July indicate a slight increase over may, I don’t expect that to last.  Best case, based on what I’m seeing working with buyers in the area, the prices will stay flat.  Worst case we will see a slight decline.

That said, who really knows..not me that’s for sure.  Based on what the economists are saying about the possibility of a double dip recession and the state being in tough shape just doesn’t leave much room for optimism on values.

Regular Real Estate Transactions Rule the Roost

With all of the talk of short sales and foreclosures, regular real estate sales occupy 43% of all real estate sales in 2010.

Short sales occupy 29% and REO or bank owned homes occupy 28% of real estate sales in 2010.

Seems like all I show is short sales.  Go figure..

Looking for a home in the Lincoln?  The Mello Roos is pretty high however the average sales price for a 3 bedroom, 2.69 baths measuring 2277 square feet has averaged, in July, just over $295K.  Not a bad value that I feel will be getting better.  I’m willing to bet that the average sales price will be down in August when compared to July.

Stay tuned!

That said, if you’re looking for an agent to help you purchase a home in Lincoln, fill out the form below and we’ll get back to you promptly.

Thanks for visiting!

(Click on images to enlarge)

Home Buyer Info Here!

1. Your Name(required)
2. Email (email required)
3. Phone(required)

 

cforms contact form by delicious:days

Your email:

 

Tags: homes for sale in lincoln

Home Sales Report – Lincoln, Ca – 6/8 to 6/12

13 Homes Close Last Week

Sales activity in Lincoln was respectable last week.  13 sales in the city overall is a good week.  Anything that keeps homes selling is a plus.  That said, the averages for the currently available homes for sale were a bit shocking.

There are a lot of overpriced homes on the market in all of South Placer County.  With all of the appraisal issues that we now have in the industry, it almost seems ridiculous to overprice a home.  That said, it has always seemed that way to me regardless of the market conditions.

Here are the averages for the homes that sold last week:

Beds & Baths – 3 / 2

Square Feet – 2055

List Price – $357,461

Sold Price – $348,418

Days on the Market – 86

Homes for Sale in Lincoln

Read the rest of this entry »

Tags: homes for sale lincoln ca

Homes Sales Report – Lincoln Crossing, Lincoln 5/27 to 6/3

Home sales in Lincoln Crossing this week have been brisk.  That’s good to see.  This community has been hit very hard during the downturn.

5 homes closed escrow this week in Lincoln Crossing with an average square footage of 2261 and an average sales price of $253,700.  The average days on the market was 48.

As of this writing, there are 31 homes for sale and 36 pending sales in this community.

Here are the homes that sold this week:

Read the rest of this entry »

Tags: homes lincoln crossing

Lincoln Crossing Sales Report – 5/07 to 5/28

Lincoln Crossing is in a great location.  Located very near Hwy 65 on the very southern border of the City of Lincoln, it’s close to everything in the Rocklin and Roseville area.  Over the last couple of years, “big box” stores and restaurants have moved in close to the development to make living there much more convenient.

In addition to the convenient location, property values here have really gone down since the beginning of the downturn and there are many, many great opportunities to get a near new home for a very good price.  Associated with the development is Club Lincoln which is a recreation facility for the exclusive use of the people who own in the development.

The builders in this community are Pulte Homes, Centex, Taylor Morrison, D.R. Horton, JTS Homes, US Homes, Lennar, KB Homes, Renaissance Homes and John Laing Homes.  All very reputable builders of fine homes nationwide.

Here is what the average sold home looked like:

Beds & baths: 4 / 3

Square feet: 2,454

Initial list price: $300,787

Sold price: $285,333

Days on the market: 29

Listing price to sold price percentage: 94.6%

Here is a list of the individual homes that sold:

Address	Beds & Baths	Square Foot	Sold Price	Days on Market
1243 Waverton Lane	3 / 2	1695	$216,000	5
1551 Ainsworth Lane	4-5 / 4	3128	$350,000	68
1056 Hillsdale Lane	4 / 3	2539	$290,000	14

As of this writing, there are currently 17 homes for sale in Lincoln Crossing with average list price of $279,000.

Are you looking for a home in the Lincoln Crossing area?  If so, please call me at 916-532-7653.  I can help you get into a home in this great community.

Thanks for visiting!

Tags: lincoln crossing homes for sale

Homes for Sale – Del Webb Sun City, Lincoln Hills

Del Webb communities, where ever they are, are very unique.  They provide an active lifestyle known worldwide.  I worked for Pulte Homes, Inc. who purchased the Del Webb brand at a community called Glenbrooke in Elk Grove.  It was an amazing place to work.  I became an enormous fan of the lifestyle that is completely unique to Del Webb communities.

People who lived in other Del Webb communities in Arizona and Nevada would come just to see the new community that Del Webb had created.  We called it the “Del Webb Tour”.

Looking for an agent with experience in the Active Adult lifestyle?  If so, please contact me, I’ll be happy to help you join one of these incredible communities.

Here are the newest homes for sale at Sun City Lincoln Hills this week:

Read the rest of this entry »

Tags: homes for sale sun city lincoln hills