New Duplex Listing - 2522-2524 Q Street, Sacramento, CA 95816

Newly renovated midtown Sacramento duplex! Large 1 bedroom / 1 bathroom in the front, larger 2 bedroom / 1 bathroom on the side/rear, huge parcel with detached 3-car garage with rear alley access. Recently updated with new roof, new stucco, and fresh interior paint. You will love the charming units with lots of storage, cute kitchens, washer/dryer hook-ups,  wood floors, central heat and window a/c, and nice spacious lay-outs. This is the investment property you have been looking for. High-demand location, close to public transportation, downtown Sacramento, restaurants and shopping. Don't wait! Offered at $425,000. For more photos and detail, visit 2522-2524 Q Street, Sacramento, CA 95816.

New Listing - 10267 Croydon Way, Rancho Cordova, CA 95670

Great 3 bedroom, 2 bathroom, 1,447sf Rancho Cordova home on .16ac lot! You will love light and bright floorplan, large kitchen with extra cabinets and counter space, wood floors, downstairs bedroom, inside laundry room, dual pane windows, attached 2-car garage, ceiling fans, adorable yard, veggie garden complete with drip irrigation lines, and a neat play house! Conveniently located close to public transportation, hwy-50, schools and parks. Don't wait! Offered at $199,500, subject to lender approval of short sale. List price has been suggested by Fannie Mae's List Price Guidance. For more photos and information please visit 10267 Croydon Way, Rancho Cordova, CA 95670.

It's time for this year's Taste of Land Park!

This year's annual Taste of Land Park event is taking place this coming Sunday afternoon; June 7th, 2015 from 4pm - 7pm. The cost to attend is $35 in advance or $40 at the event. This is one of my absolute favorite events! There are always lots of great local restaurants, breweries and wineries, crafts, live music, and all of your neighbors!

New Listing - 4605 Stuart Place, Rocklin, CA 95765

Adorable 3 bedroom, 2 bathroom, 1,238sf Stanford Ranch Rocklin home in cul-de-sac location. You will love the vaulted ceilings, large great room with dual sided fireplace, kitchen with an island, tile counters, newer oven & dishwasher. Interior has been custom painted, decorative lighting throughout, ceramic tile & wood laminate flooring. The backyard is a private outdoor oasis with a large deck & built-in benches for entertaining! Short distance to award-wining schools, parks, shopping & Whitney Oaks Golf Course. Don't wait! Offered at $310,000. For more photos and information please visit 4605 Stuart Place, Rocklin, CA 95765.

Sacramento Real Estate Statistics - April 2015

Happy Seis de Mayo! The Sacramento home sales and price data for April 2015 is out, and not surprisingly, the median sold home price (in blue here) has increased ever-so-slightly to $281,000. What is also really interesting (and really telling about our local Sacramento real estate market) is that if you look at the average sold price  (in red) vs the "for sale" listing price (in green), you will notice that the average sold home price also increased just slightly to $311,000...but the average listing price increased to pretty significantly to $411,000.

This price disparity between the average listing and average selling price illustrates that sellers are increasing their listing prices at a much faster rate than prices are actually increasing. Sellers are getting a little more ambitious with their listing prices, while the average and median sold prices are not increasing as rapidly. Again, it will be interesting to see where this trend takes us.

Keep in mind, that data point (in green, the average for sale price) reflects the homes that are either languishing on the market and NOT selling, or were just listed and have not yet sold, but will be sold in the coming months as prices (in theory) continue to climb. If you refer to the 2nd chart here, you will see that sales activity has increased significantly this spring. Right now I would characterize the market as a " seller's market" -- not so many homes for sale, high buyer demand, fewer seller concessions, low interest rates in the high-3% range -- but that might change as sellers start to push the envelope more with price, more homes come onto the market, and interest rates rise. We shall see...just remember every scenario and listing is different.

1617 Cordano Way, Sacramento (Land Park), CA 95818

Adorable 2 bedroom, 1 bathroom, 1375sf Land Park home - the perfect blank canvas for your personal touches. This home needs TLC but will shine again with a little work. You will love the spacious layout, formal living room with coved ceilings and fireplace, built-ins, large formal dining room, cozy kitchen with nook, wood floors, covered patio and cute pergola in side yard is great for backyard entertaining. Detached single car garage with large bonus room. Use your imagination! Short distance to Sacramento City College, William Land Park, public transportation, California Middle School, and more! Subject to lender approval of short sale - offered at $384,000. Short sale has been approved at this price. For more photos and information please visit 1617 Cordano Way, Sacramento, CA 95818.

New Listing - 3430 65th Street, Sacramento, CA 95820

Adorable 3 bedroom, 1 bathroom, 970sf home near Tahoe Park! You will love the open floorplan, remodeled kitchen with maple cabinets, granite counters, stainless appliances, breakfast bar opens to spacious dining room and living room, bamboo flooring, remodeled bathroom, spacious bedrooms, central heating and air, composition roof. Lots of windows make this home light and bright! The park-like backyard is truly amazing with lots of spaces to explore, fruit trees, planter beds, and more. Close to public transportation, Sac State, easy access to Hwy 50, East Sacramento and Downtown. Don't wait! Offered at $235,000. For more photos and information please visit 3430 65th Street, Sacramento, CA 95820.

Sacramento Real Estate Statistics - March 2015

The Sacramento home sales and price data for March 2015 is out, and not surprisingly, the median sold home price (in blue here) is still right at $280,000. What is also really interesting (and really telling about our local Sacramento real estate market) is that if you look at the average sold price  (in red) vs the "for sale" listing price (in green), you will notice that the average sold home price also held steady at $308,000...but the average listing price increased to pretty significantly to $400,000. Looks like sellers are getting a little ambitious with their listing prices, while the average and median sold prices are not increasing. It will be interesting to see where this trend takes us. Right now I would characterize the market as a "seller's market" -- not many homes for sale, high demand, fewer seller concessions, low interest rates in the mid-3% range -- but that might change as sellers start to push the envelope with price, more homes come onto the market, and interest rates rise. We shall see...