Market Report: Carmichael California housing seems to be stabilizing - now is the time to buy!

By
Real Estate Agent with RE/MAX Gold, Fair Oaks

Carmichael California is a wonderful town between the city of Sacramento and the community of Fair Oaks.  There are some homes that sell in the millions of dollars, but the majority of homes are in the mid-priced range for the area.  It is a popular community for homebuyers, with good schools, parks, and shopping, and good access to freeways.

                                                                                                                               I love Carmichael CA

Housing is relatively stable in Carmichael lately, with normal monthly variances accounted for to great extent by such things as the weather, season of the year, and whether one of the multimillion dollar properties has been listed or sold.

Here are some graphs to show a number of statistics for the real estate market in Carmichael over the last 6 months, through February.

This first one shows the number of active listings (light green) and the number of solds that have closed escrow (dark green).  The red line represents the number of escrows opened.
Number of homes sold in Carmichael

This chart is self-explanatory, showing the average price per square foot of the homes that closed escrow.
Average price per square foot in Carmichael

The two things reflected on this chart are the average number of days on market for those homes that closed and the relation of the sale price to the list price of those escrows that closed.
Days on market and % of list price

This chart compares the price of all homes on the market to the average price of all homes that closed escrow.  The difference between this graph and the one above is that the previous one compares each home's listing to its own sale price.
Average price of homes in Carmichael

This shows the number of months of inventory.  As you can see, although October and November had a larger inventory, the market has tightened a bit, and it is expected that the buyers will be snapping up Carmichael homes this spring.
months of inventory in Carmichael

If you are interested in purchasing a Carmichael home or you have a home in Carmichael that you have been thinking about selling, give me a call.  I would be happy to help you and answer any questions you may have.

**********
Susan Neal
Broker / Realtor
Century 21 Noel David Realty
Fair Oaks, California

Full time real estate services in Fair Oaks CA,
with friendly professionalism, 30+ years experience.
I work hard to give my buyer or seller a low-stress

transaction.

"Happy clients make me happy."

For all your real estate needs or questions, call me at (916)
705-8951
or visit my website at www.SusanNealFineProperties.com.


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Thinking of selling your home?  Remember, it costs you nothing for me to come out and discuss your home, the market in your area, and give you a market analysis and presentation so that you will know what you can expect to get for your home.

Call for appointment:  (916) 705-8951


Also Remember, if you are planning to buy a home, I can help you to tour any home for sale in Sacramento County and the surrounding areas, no matter what firm has it listed, and I can help you with your purchase if you find the perfect home for you.

Just give me a call at (916) 705-8951

***********
Susan Neal
Broker / Realtor

Susan Neal Fine Properties
RE/MAX Gold
Fair Oaks, California

Full time real estate services in Fair Oaks CA, with friendly professionalism, 30+ years experience. 
I work hard to give my buyer or seller a low-stress transaction.

"Happy clients make me happy."

For all your real estate needs or questions, call me at (916)705-8951 or visitmy website at www.SusanNealFineProperties.com.    

HUD homes resource            Search HUD Homes

Check out my business page on facebook:  Susan Neal Fine Properties

 

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Rainmaker
1,512,687
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Stablility is a nice thing after the roller coaster we've been on the last couple of years. Nice to see average price moving upward.

Mar 25, 2011 01:54 PM #1
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Rainmaker
582,897

Susan Neal

Fair Oaks CA & Sacramento Area Real Estate Broker
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