Sacramento Real Estate Views

First Time Homebuyer Program – Roseville New Homes

Standard Pacific and the City of Roseville Team Up

The City of Roseville and Standard Pacific have teamed up to provide special financing, with some income restrictions, to first time hombuyers.  I got an email this week from Standard Pacific with one of their recent deals on a completed home talking about the advantages of the program.

The Models

The Lily

The Lily is 3 bedrooms, 2.5 bathrooms and is 1319 square feet.  The home qualifies for the First Time Homebuyer program with the City of Roseville.  Click here for a info on this one.

The Iris

Here is where I can help you get a much better deal than where they have it priced.  The Iris is 4 bedrooms, 2.5 baths at approximately 1500 square feet.  They have one available for a quick close at $270K and with the builder paid 2-1 interest rate buy down, your first year payment can be as low as $1600 per month. Click here for the info on this one.

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Tags: new homes in roseville ca, new homes roseville, real estate agents in roseville, real estate agents roseville, Standard Pacific Homes, Roseville, Sun City Roseville

Statistics: Homes Sales in Roseville Increase

48% Increase in Sales 2007 to 2008

The encouraging news with all of the negative things going on in the economy is that homes are selling.  The activity has been increasing all year in the South Placer county area with increases across the board with few exceptions.

As the graph shows, from September 2007 to September 2008, sales increased 48% with 156 homes selling in 08 vs. 80 sales in 07 combined in all zip codes of Roseville.  A majority of that activity is short sale and foreclosure based but and increase is an increase.  This is helping the reduction in inventory that we’re seeing across the region.

Median Sales Prices in Roseville Real Estate

The increase in sales is directly proportional to the decrease in values in the area although Roseville and other South Placer county price declines have not been as dramatic as other areas of the region.  Roseville is one of the best cities in the region with lots of parks, a great school system and it’s own electric company that helps to keep energy costs down for residents.

Median sales price year over year has decreased a little over 18% from September 2007 numbers. Acceptable, all in all, considering what’s going on out there.

Current Days On Market in Roseville Real Estate

It’s taking less time to sell a home in the region that it did a year ago.  The Roseville real estate market is no exception to this. Last year, the market seemed to be asking “ok, what the heck is going on here?”  Besides prices being unaffordable, no one knew quite what was looming on the horizon and only the extreme minority could even have been close to predicting what has occurred, especially over the last few weeks.

The average days it takes to get a home sold has improved by 56% over the last year.  In September 07, the average was 61 days vs. 39 days in September of 08.

Year to Date Sales in Roseville Real Estate

Sales this year have increased every month.  Again, regardless of the negative aspects of the market, movement is a good thing.  Backsliding or stagnant sales isn’t good for our economy.

With exception to the seasonal slowdown in September, the Roseville real estate market has increased every month this year.

The Synopsis? It’s a Buyers Market in Roseville Real Estate

This all adds up to the fact that it’s a buyers market in our region at the moment.  If you’re looking to buy or sell a home in the Roseville area, please contact me, I’ll be happy to help you purchase or get your home sold as quickly as possible.

Tags: homes in roseville, homes in roseville ca, real estate agent in roseville ca, real estate agents roseville, roseville real estate

Deal of the Week in New Homes

Centex Meadowgate in Roseville

I visited the Meadowgate community in Roseville yesterday looking for a client and hoping to find a good deal on a solar home.  I think I found a good one.

The home is called the “2190″.  This corresponds to the square footage of the home.  According to the sales associate, this home just fell out of escrow.  The person apparently lost quite a bit in the stock market crash and could no longer afford to pay cash for the home.  Their loss, this is a nice home at a decent price.  Let’s just say it’s a good place to start.

You Want What for This Home?

The sales associate took me out to see it.  The front, as you can see, is pretty nice.  3 car garage with 3 bedrooms and 2.5 or 3 baths.  Nicely appointed inside.  Granite counters inside with stainless steel appliances, all standard in most new homes today.  Backyard was a nice size, big enough for kids to play in comfortably but not too big to take care of.

The associate I spoke with said that they had reduced the home 8% off a base price of $379,900 and then added the upgrades to make it a “deal” at $361K and change.   Not quite deal enough I’m afraid.  Trust me when I tell you that $361K is not the best deal.

When we were done with our tour of the home, I asked him “so what’s the real deal, what price can you get me on this home?”  He said that he could probably get another $5K off but that was all he could muster.  All he could muster but what about the General Sales Manager?  What could he/she do?

My bet is that I could get at least another $5K off of the additional $5K he offered maybe even more.  I would ask for more.  My price would be much lower than $361K.

This home is costing the builder money everyday it sits unsold as improved lots are taxed at a different rate than unimproved lots.  Winter is coming.  They want to sell this home.

Need Someone to Help You Get the Best Deal?

Give me a call and let’s go look at this completed home ready for a 30 day close.  Consider using the builders’ lender, that’s where the incentives get really good.  Read this article about the importance of being represented when purchasing a new home in the Sacramento region.

Tags: centex homes, new home roseville, new homes sacramento, real estate agents roseville, real estate agents sacramento