Friday, January 10, 2014

4th Quarter College-Glen Real Estate Update

Now that the year has ended we can take a look back at the 4th Quarter of 2013 in College-Glen Real Estate (College Greens / Glenbrook )

The market defanitely slowed down in the 4th Quarter.  The amount of sales dropped significantly from the 3rd Quarter.  That was due to lower buyer demand that was seen in College-Glen and also across the Sacramento area.  The lower demand created higher inventory and many of the homes on the market sat for longer periods of time and even needed price reductions to attract offers.  More homes for sale and less buyers caused the market prices to slightly decrease.  The homes that did sell had a combination of being marketed well, in good condition and priced appropriately.

 College-Glen Real Estate - Doug Reynolds

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