Thursday, November 17, 2011
Real Estate Statistics -- Sacramento Median Price October 2011
The median price in Sacramento County looks pretty darn flat over the majority of 2011...this year has been insane. I have closed some of my smallest transactions EVER. In fact I recently closed a transaction for a house in Oak Park for $30,000. No I am not missing a zero. I have another listing for $55,000 in South Sacramento that is closing next week. There are some great opportunities out there for investors. And first time buyers...and move-up buyers.
What I can tell you is that most of the transactions I have been representing for both buyers and sellers, (in all the price ranges, short sales, foreclosures, and "regular transactions with a traditional sellers") are still often times met with multiple offers if the home is priced correctly. Buyer demand is extremely high, and the market is pretty competitive. To top it all off, interest rates are insanely low right now - like in the low 4% range in you have a stellar credit score and documentable income.
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.