2013 College-Glen Real Estate Yearly Review

All-in-all a great year for the College-Glen neighborhood.  The first three months were white hot with low inventory and high buyer demand.  That formula created: multiple offers/bidding wars, increasing prices, and properties selling in less than a week.  In the fall, interest rates bumped up a bit and that caused the buyer demand to pull back.  In turn, the inventory trickled up and to close the year the market is much more balanced in the neighborhood now.  Buyers have a bit more to choose from while sellers are now competing with each other.

Call or Email Doug if you have any real estate questions.  He loves working with buyers and sellers in his great neighborhood of College-Glen.

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 Sales in December 2013 (Sacramento, Ca)

College-Glen

Real Estate Update

January 2014

There were 6 homes sold in College Greens / Glenbrook for the month of December, 2013. 

That is down from the 9 sold in November, 2013. 

Currently there are: 10 Active listings, 0 Active short sale listings, 4 Short Sales waiting for lender approval and 7 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.