Where Is the Sacramento Market Heading?

08/21/15 • -1 min

Sacramento CA Real Estate Podcast with Thomas March

There are many great Placer and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you want to be an informed buyer or seller in the Sacramento area, you need to be familiar with market trends and conditions. To keep you up-to-date, I want to share the latest numbers for Sacramento County:

Homes for sale: 3,016, up 4.2%
Homes sold: 1,620, down 9.2%
Pending sales; 1,968, up 18.4%
Average price per square foot: $186
Inventory: 1.9 months, up 18.5%
Average days on market: 40 days, up 11.1%

So, what do these numbers mean for you? Well, for one, it means we have more homes on the market, which means multiple offer situations are down and it's a less competitive market for buyers than it once was. For sellers, the sooner you list, the better, as the market seems to be normalizing.

If you have any questions about how you can take advantage of current market conditions, or if you need real estate assistance of any kind, don't hesitate to give me a call or shoot me an email. I would love to hear from you!

Homes for sale: 3,016, up 4.2%
Homes sold: 1,620, down 9.2%
Pending sales; 1,968, up 18.4%
Average price per square foot: $186
Inventory: 1.9 months, up 18.5%
Average days on market: 40 days, up 11.1%

Previous Episode

How Can You Capitalize on Sacramento Real Estate?

Today I just wanted to give you a brief real estate market update for the Sacramento area. If you're planning on buying or selling anytime soon, you should find this very useful.

As of June 15th, we had 2,894 homes for sale, which is a 10.5% increase over last month. 1,713 homes sold last month, which was a 12% increase over last month.

There were 1,842 homes pending, and that is a 26% increase over last year at this time. The average days on market was 30 days and there is only a 1.7 month supply of homes.

Placer County is a little different. We're seeing 1,287 homes for sale, which is a 5.3% increase over last month. However, 655 homes sold, which is a 12.9% increase over last month. Also, 631 homes went pending for sale, which is a 3% increase over last year. The average price per square foot dropped a little bit, but it's still very high. Inventory is still very small, and we only have 2 months of inventory.

Next Episode

What Are Most Buyers and Sellers Doing Wrong in Our Market?

Did you know that in a recent survey 68% of buyers said they were not satisfied with their real estate agent's home buying process? Statistically, 70% of buyers choose to work with the first agent that they come into contact with. When you look at it this way, it's no surprise that so many people are unsatisfied with their agent. For instance, 85% of sales agents have no specific certification or designation related to working with buyers.

I am a certified home buying expert advisor. What does this mean? Well, it means we have a proven, repeatable system backed by market research to find the best home negotiated at the best price and terms. This system has been featured on major news networks, such as CNBC, CNN, MSNBC, CBS, Fox News, and ABC, So, if you're looking at hiring the first person you come across, chances are you won't be working with someone who has the skills necessary to accomplish your goals.

Did you know there is no single price of a home? The value is determined by 115 different variables. Our proprietary VIP Elite Buyer Preferred System has identified over 80 variables involved in the home buying process. These need to be managed correctly to ensure you find the perfect home. Without a proven system, you risk overpaying when you buy, or possibly missing out on your dream home altogether.

If this is the first time you've heard this, you're not alone. Most agents don't even know about these variables and the process. Our One of a Kind Buyer Elite Preferred System is a guarantee of sorts that you are going to have success. I am a certified negotiator, which means my team has the skills to negotiate the best price and terms for your home. We are so confident we'll get the job done right that we guarantee to save you at least $5,000 on your home purchase or we'll pay you $1,000 out of our pocket.

We're really invested in not just finding you a home at a great price, but finding you the right home. Our one of a kind Love It or Leave It Guarantee protects you, as we've seen that some buyers are unsure about their purchasing decisions. We'll get your home at the best possible price, plain and simple. If you purchase a home and aren't happy with the home within 24 months of working with us, we'll either buy it back from you or sell it for free. That's how sure we are about our services.

If you're interested in these one-of-a-kind programs, give us a call or sh...