Well...once again the price per square foot statistics in Sacramento County sure seem to be leveling off. For about the last 7 months, the average price per square foot has been stable, and actually increasing just slightly. There is a bit of a trough begining to form. Perhaps now we have enough data to think this little upward bounce we have been experiencing is more than a fluke - and stability is here to stay? Time will tell. I can tell you that most of the transactions I have been representing for both buyers and sellers, (in all price ranges, short sales, foreclosures, and "regular transactions with a traditional sellers") are mostly met with multiple offers often resulting in pushing the price over the listing price.
If you would like me to email you the Facts and Trends graphs for specific zip codes in Sacramento County, just shoot me an email and I am happy to provide them.
Source: Trendgraphix
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