Positive Sacramento Real Estate Story

By
Real Estate Agent with MagnumOne Realty

From my other blog:  Keep it Real in Sacramento

March 14th, 2008

From the Sacramento Bee - March 14, 2008

The Sacramento-area housing market is still declining, but a surge of buying by investors in February helped spark the first major slowdown in Sacramento County's long slide since 2005, DataQuick Information Systems reported Thursday.

Some highlights:

• Sacramento County showed a February median sales price of $257,000. That was down 27.7 percent from a year ago. But it was up from $253,000 in January. The median price is the point at which half sell for more and half sell for less.

• Placer County reported a 30.7 percent drop in sales of new and existing homes in February compared with the same time in 2007. Its $364,000 median sales price was down 15.3 percent from February 2007. But it was up from $360,500 in January.

• El Dorado County sales were down 25.3 percent from the same month in 2007. Its $405,000 median sales price for new and existing homes was 15.6 percent below a year earlier. Sales prices were down slightly from $407,500 in January.

• Yolo County's February sales were down 27.2 percent from the same time a year ago. Its $318,000 median sales price was down 19.5 percent from a year earlier, but up from $307,500 in January.

Read the full story, "Sacramento County sees slowdown in housing slide"

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Rainmaker
1,878,048
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
Sorry to read that the market is still in decline. There must be good buys out there for buyers.
March 16, 2008 08:41 AM #1
Rainer
38,200
Julie Jalone
MagnumOne Realty - Roseville, CA

Gita - The Sacramento area was one of the hottest and fastest appreciating markets in the early 2000's so it will take time to find balance here but the market is the market and we are doing so well we really need to find an agent or two to take some of the load.

Julie Jalone

March 19, 2008 09:24 AM #2
Rainmaker
90,326
Daniel Seider
BTRE Big Trees Real Estate - Arnold, CA
I beleive the great areas in Sac  are almost approaching hot. I have offered on many homes with my clients on homes with multiple offers
March 19, 2008 10:51 AM #3
Rainer
38,200
Julie Jalone
MagnumOne Realty - Roseville, CA
Hello Dan - I just wrote about that this morning on my Keep it Real in Sacramento blog.  It really does feel good to have some activity in the market but I sure don't want to get back to the days of multiple over price offers.......er, well unless I am the listing agent :-)
March 19, 2008 11:00 AM #4
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Rainer
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Julie Jalone

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