How Does Supply and Demand affect Sacramento Real Estate Home Prices

Doug Reynolds, a Sacramento Area Realtor, discusses supply and demand.  During the worst times of the bubble burst in Sacramento, the inventory was up to 14.2 months in 2007.  Due to the extremely high supply and low demand the prices dropped 35% in 2008 alone.  On the flip side,  in December 2012 the inventory fell to 0.7 months, due to high demand and low supply.  That drove up the values 45% in 2013.

clear skies,

Doug Reynolds

Realtor

916-494-8441

 

www.SellWithDoug.com

www.BHGshortsales.com

JUST SOLD - 69 Waterglen Circle, Sacramento Ca 95826 - College Glen - www.CollegeGlenRealEstate.com

JUST SOLD!!! 8/8/2013 in my neighborhood of College Greens / Glenbrook (College-Glen). I just represented the buyers of this beautiful home.  The property had multiple offers and sold for $360,000! The house is 4 beds, 2 baths, 1,755 square feet.  Meticulously remodeled kitchen, bathrooms and master bedroom addition. Peaceful backyard with covered patio and in-ground pool. This is one of the most amazing properties in all of College-Glen. Congratulations to the Zambrano family on their new home!!!

I am a College Glen Real Estate specialist that lives and works in the neighborhood.  I love helping sellers and buyers with their real estate needs in my wonderful neighborhood.  Call or email me today if you have any need in College Greens or Glenbrook. www.CollegeGlenRealEstate.com 

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

 

The Sacramento Real Estate market continues to slowly shift...

...in favor of buyers.  I've been talking and writing about the shift that is going on since June.  The latest stats for Sacramento Real Estate just came out  and you guessed it, the shift is starting to show up in the numbers.

• The inventory of available homes for sale has gone up the last two months and we are now at 1.3 months of inventory.  That's still an extremely low amount but it's 54% higher than the beginning of this year

• The amount of cash buyers/investors is definitely decreasing at a very quick rate.  Check out this postand graph below from Ryan Lundquist's blog: http://sacramentoappraisalblog.com/

Inventory has increased over the past several months and there has been less investors playing the market. Despite an uptick in sales in Q2 of 2013, for example, investors played a lesser percentage role in overall sales. For reference, there were 3831 sales in Sacramento County in Q1 2013 and 4748 sales in Q2 of 2013.

What does this all mean???  

• Seller's: Need to realize the crazy sellers market has gone away.  Sellers still have the upper hand due to low inventory but they need to really price the home Right from day one or they may be sitting on the market for a while.
• Buyers: Things are getting better for you.  There's a little less competition and a little more homes to choose from.  Don't get wrong, there's still going to be multiple offers on homes that are priced right and show well BUT you are in a better position now than at the beginning of the year.  Inventory should be slowly going up as we head into the winter

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

 

College Greens / Glenbrook Sales in July 2013 (Sacramento, Ca)

College-Glen Real Estate Update August 2013

There were 16 homes sold in College Greens / Glenbrook / Larchmont / College Greens East for the month of July, 2013.  That is up from the 13 sold in June, 2013.  Here are the addresses and specific information of the sold properties.

 

Currently there are: 19 Active listings, 2 Active short sale listings, 7 Short Sales waiting for lender approval and 22 Pending Sales .

If you would like a FREE analysis of your homes current market value without any obligation, Call or email.  I’m here to help and love working with sellers and buyers in our neighborhood. Also, Check back each month for the updated statistics.

 Your College-Glen Real Estate Advisor

 

Living & Working in College-Glen

 

www.CollegeGlenRealEstate.com

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com

Just Sold - 8305 Briarcliff Way, Sacramento CA 95826 - College Greens - www.CollegeGlenRealEstate.com

Just Sold 7/31/2013!!!  In my own neighborhood of College Greens / Glenbrook.  I specialize in College Glen Real Estate and have been among the top producing agents in the neighborhood for the past three years.  I love working with both buyers and sellers in my neighborhood.  It's a wonderful area that provides something for all ages and interests.  I was honored to represent the seller in the sale of this wonderful College Greens home.  Due to the home showing very well, an aggressive marketing plan and the home being priced correctly (listed at $269,000) we received multiple offers and negotiated the eventual sale at $282,000!

Here's the virtual tour and additional info:

Beautiful College Greens home with an open & bright floorplan is tucked away in a peaceful Cul-De-Sac. Spacious living area is perfect for entertaining. Master suite features an expanded & incredibly remodeled bathroom with double sinks, a huge shower & a walk in closet. Stunning hardwood floors were refinished & walls freshly painted. Energy efficient home with dual pane windows, ceiling fans & added insulation. 3 bedrooms, 2 bathrooms, 1,523 square feet. Beautiful home inside & out!!

clear skies,
Doug Reynolds
Realtor
916-494-8441
 
www.SellWithDoug.com
www.BHGshortsales.com