Sacramento Real Estate Views

5062 Concord Road, Rocklin

“Screaming” Deal in Rocklin Homes

This bank owned home just came up in Rocklin.  3 bedrooms, 2 bathrooms, over 1700 square feet in one of the best school districts in Placer County.  This one is priced at $239,000.  This is one of the lowest prices I’ve seen in West Rocklin this decade.

Concord Road, Rocklin

This neighborhood is in Stanford Ranch close to parks, schools, shopping and is very quiet away from noise and heavy traffic.  Click on the link above to be taken to Mapquest and take a look at the location.  It’s very nice.  Shopping center and Starbucks right around the corner.  My in-laws live very close to this street, I know it well.

“This One Won’t Last”

I know this falls into the same category as “but wait, there’s more!” but this is one of the best priced homes in West Rocklin.  Because it’s a bank owned home, it needs some work to be perfect but the value is there.  A quick check of comparable sales since September 1 brings the numbers in at approximately $254K low and $285K high for an average around $268K.  That’s a difference of approximately $30K below where the market price for homes like this one sell.  That’s a great deal in a great location.

Looking to purchase a home in Rocklin?  Please give me a call, I’d be happy to help you make it happen. Click here.

Video Walkthrough of 5062 Concord Road in Rocklin

Tags: homes in rocklin, rocklin real estate

Roseville Real Estate Statistics – October 2008

Roseville Home Sales Down In October 30%

Roseville home sales took a significant dip in October vs. the August sales.  In August there were 196 sales, that includes all Roseville zip codes and in October only 137 homes sold, a drop of 30%.  That’s a rather significant drop in sales over a two month period even with the normal seasonal slowdown for this time of year.

Rocklin sales also dipped but it was less dramatic than Roseville.  It would be pure speculation on my part as to why this occurred but we’ll see how the rest of the year shapes up.  Foreclosures are artificially down for the moment and that could be a contributor.

Year over Year Roseville Home Sales Increase

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Tags: homes in roseville, rocklin real estate, roseville real estate, roseville real estate statistics

Rocklin Real Estate Statistics – October 2008

Year Over Year Growth in Rocklin Home Sales

Considering the decline in values and the economic turmoil that our country finds itself in, the performance of real estate in Rocklin is nothing short of awesome.

With great schools and city leadership, Rocklin is the perfect place to live.  Now if they only had their own electric company like Roseville, we’d really be in!

In October, Rockin home sales increased almost 37% over the same month in 2007.  While it is a 17% decrease over September sales, it’s the time of year when sales tend to decrease as a result of the season. That said, it’s still strong performance all things considered

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Tags: placer county homes, rocklin homes, rocklin real estate

California Foreclosures Drop 61% in September

According to ForeclosureRadar.com, the filing of notices of default declined 61% from the August level of 42,790 to the September level of 16,352.  This was primarily due to a new state law requiring lenders to notify owners of the filing, their options and waiting 30 days before proceeding.

While this is a nice headline on the surface, it seems that it will only delay the process of foreclosure not eliminate it altogether.

“The drop indicates that the lenders were not ready for the impact,” said Sean O’Toole, founder of ForeclosureRadar.com.

The move by the state was to encourage lenders to modify loans to help make the homes more affordable and thus help people keep their homes.  The only issue then becomes that, according to Sean O’Toole, it might encourage non-defaulting homeowners to default in hopes of getting a principal amount reduction of their mortgage balance and still be able to keep their homes.

The decline of default notices aside, trustee sale notices and the number of properties auctioned off were both down as well and I don’t know how much that has to do with the law passed by the state as these properties have already been through the foreclosure process.

Is the state and national legislation taking the bite out of foreclosures?  Wouldn’t that be a nice turn of events?

Looking for a home in the Sacramento or Placer county areas?  Give me a call, I’d love to help you too.

Tags: homes in rocklin ca, homes in roseville ca, rocklin real estate, rocklin real estate agent, roseville real estate agent, sacramento real estate

September Rocklin Home Sales Statistics

Rocklin Home Sales Up 145% Over 2007

Home sales increased in Rocklin 145% in September of 08 vs. September of 07. This is a welcome sign and a reminder that the affordability of the region has returned.

There has been a corresponding reduction in the average median home price however that has lead to the increase in sales.

Low interest rates has helped but the bailout might hurt the market for the short term. Time will tell on that one.

Rocklin Homes Median Sales Price Dips 15%

The increase in sales and the reduction in the median sales price mirror each other. The median sales price in September of 2007 was $400K while this year the price dropped down to $346,500.

While losing equity, on paper anyway, isn’t good, it won’t be long until the market begins to appreciate once again. With sales numbers like this, it’s easy to see that the demand for Rocklin homes is there. Once foreclosure inventory levels come down region wide, and depending on how easy mortgages are to obtain, the appreciation could begin to come back. No crystal balls, just youthful optimism.

Steady Increases in Sales Most of 2008

The Rocklin real estate market has had a great come back year this year with sales steadily climbing all year long. The last couple months have been a bit down from previous months but that’s normal for this time of year.

With all the negative press locally and nationwide, the indicators and stats all show that the market is rebounding nicely in sales and that the correction in pricing has helped area sales.

Foreclosures in Rocklin

The numbers of foreclosed homes for September aren’t out yet but in the month of August 138 homes were in some stage of foreclosure.  Rocklin was #3 in foreclosures from Placer County.  Roseville and Lincoln being #1 & #3.

Looking to buy or sell in Rocklin?  Give me a call.  I can help you in either direction.

Tags: homes in rocklin, rocklin homes, rocklin real estate