Friday, October 23, 2015
New Listing - 2025 Vallejo Way, Sacramento / Land Park, CA 95818
Charming 2 bedroom, 1 bathroom, 1,568sf Land Park home! You will love the spacious layout, wood floors, large living room with coved leaded glass window, arched doorways and stylish décor, remodeled bathroom, formal dining room, large kitchen with eat-in nook, separate family room with lots of windows, backyard great for entertaining with a built-in BBQ and a big deck! Also has a quarter basement, central heat and air, a composition roof, and a detached 2-car garage. Short distance to Taylor's Market, Marie's Donuts, Light Rail, and more! Don't wait! Offered at $449,000. For more photos and information please visit 2025 Vallejo Way, Sacramento, CA 95818.
Friday, October 16, 2015
Got a residential electric vehicle charger for my own house...pretty affordable and pretty awesome!
This is pretty cool. Nearly 2 years ago my husband and I got a Nissan Leaf electric vehicle. He drives is primarily to work downtown and back, and mostly charges his car in the parking garage. A company called Chargepoint just came out with an affordable residential charging unit, so we took the plunge and had one installed in our home. This thing is awesome. The unit we purchased was the Chargepoint 25 32-Amp hard-wired model and cost about $500. They do make other less-expensive units as well...we purchased this one because it charges more quickly. We had an electrical contractor professionally install it for us. SMUD and PG&E both offer incentives to installing residential charging stations. We are loving this so far.
Friday, October 9, 2015
Sacramento Real Estate Statistics for September 2015
Wanna know what I love about this median price trend graph for Sacramento County? It's relatively flat with a slight appreciation. Wanna know what else I love about this? It looks a lot like the graph from one year ago in September 2014. In the last twelve months, Sacramento County's median home price has increased approximately 5.5%. This is nice, steady, healthy, and sustainable price appreciation. No crazy spikes one way or the other! This is SO nice compared to trends from a few years ago when the Sacramento real estate market was super frenzied and chaotic. I have been a Realtor for over a decade now and this sort of market is enjoyable to say the least.
What is really nice to know is that the market is still way below the market peak in 2005 when the median price was nearly $400,000. With current home lending standards being such that buyers have to qualify for home purchases based on current income, assets, credit scores and employment and no artificial lending criteria, I think this nice steady price appreciation is here to stay. Nothing funky about the availability of lending exists -- like 10 years ago when buyers routinely claimed income on a loan application whether true or not. Or when the irresponsible "pick-a-payment" loans were available that created this fake low house payment. That's all gone and I don't foresee it returning.
In my own transactions, I am seeing many folks who purchased a home during the bust take this opportunity to sell their current homes and move-up into a larger home, downsize, or move into a different neighborhood. I am also seeing a lot of downpayment gifts from parents to their kids, allowing them to purchase their first homes. Interest rates are still low, hovering just around 4%. Generally as we approach the end of the year, the market slows a bit and the median price tapers a bit...my business volume has not slowed in the least, so I will be interested to see if the low interest rates motivate buyers to remain motivated to buy through the holiday season.
What is really nice to know is that the market is still way below the market peak in 2005 when the median price was nearly $400,000. With current home lending standards being such that buyers have to qualify for home purchases based on current income, assets, credit scores and employment and no artificial lending criteria, I think this nice steady price appreciation is here to stay. Nothing funky about the availability of lending exists -- like 10 years ago when buyers routinely claimed income on a loan application whether true or not. Or when the irresponsible "pick-a-payment" loans were available that created this fake low house payment. That's all gone and I don't foresee it returning.
In my own transactions, I am seeing many folks who purchased a home during the bust take this opportunity to sell their current homes and move-up into a larger home, downsize, or move into a different neighborhood. I am also seeing a lot of downpayment gifts from parents to their kids, allowing them to purchase their first homes. Interest rates are still low, hovering just around 4%. Generally as we approach the end of the year, the market slows a bit and the median price tapers a bit...my business volume has not slowed in the least, so I will be interested to see if the low interest rates motivate buyers to remain motivated to buy through the holiday season.
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