The three county market place

I just looked at the sales results for PLACER, SACRAMENTO AND EL DORADO COUNTIES for the period ending November 30th 2009. The number of homes for sale was at 5804 which is down from October's number at 6028. The number of sold homes is also down to 1868 from 2440 which was October's number of homes sold. The number of pending homes for sale is at 2926. That number is higher than October's number of 2854. The average price per sq. ft was at 133 per sq feet. It was at 129 per sq ft for September and October 2009. The average days on market was at 70 for November. That number is about the same as October's number of 69. The overall average price of homes sold in the PLACER, SACRAMENTO AND EL DORADO COUNTIES was $246,000.0. The average price of homes sold in October was $236,000.0. It looks like the inventory of homes for sale is still tightening up and that is causing a slight increase in the average price paid for a home. If you need to search for homes for sale ,please go to www.rocklinsacramento.com

Overall statistics of Sacramento county sales

I just wanted to give some statistics for the entire Sacramento county. Back in August 2008 the number of HOMES FOR SALE IN SACRAMENTO COUNTY was 8280. The number of homes for sale in October 2009 was 3325. The number of homes sold in August 2008 was 2244 and the number of homes sold in October 2009 was 1634.The Average price per sq. foot back in August 2008 was 141. The average price per sq. foot in October 2009 was 123. The median price back in August 2008 was 213k. The median price in October 2009 was 185k. We hit a bottom median price of 165k back in Feb. 2009. The number of months inventory for October 2009 is 2 months for the Sacramento county area. We were at 4.2 months of inventory back in Aug. 2008. It should be interesting to see if the banks increase the inventory starting in Jan. 2010 since we know there are many vacant bank owned homes out there.

Statistics of homes sold in Roseville

I will start with the ROSEVILLE CA zip code of 95747. There are 304 active listings in this zip code. 95747 is considered the WEST ROSEVILLE AREA. The lowest is a 171k house and the highest current listing is a 699k house. In october there were 83 sold homes. In the prior three months from August 18th to November 19th ,there were 264 homes sold. That came out to an average price per square foot of 153.0. There are 88 pending sales right now. The average days on market are 102. There are 174 short sale listings out of the 304 active listings. There are only 11 bank owned listings right now. This all means that there is a three and a half months supply of homes on the market.
I found some very interesting statistics about the 95678 ROSEVILLE zip code. There are only 12 active HOMES FOR SALE IN THIS ROSEVILLE CA AREA. There are currently 25 pending sales in this zip code. There have been 39 homes sold in the last three months. These sold homes were on the market for only 30 days on average. The average price per square foot was 129.0. The lowest home sold was 69k and the highest home sold for 410k. The inventory is very tight in this zip code with less than a months supply of homes. If you are looking for a home in the 95678 zip be prepared to send in multiple offers before one is accepted.

If you have children ages 3 months to 8 years in Sacramento CA area, you should go to www.thestoreclosing.com. This online childrens educactional toy store is closing. They are getting rid of everything at 70% off. You can order out of the area also.

Hot investor zip code

I figured that I would spill the beans on where the hot investor zip code is. It is the North Highlands zip code of 95660. Investors have been buying DISCOUNTED HOMES IN NORTH HIGHLANDS CA for the past year and half now and making a ton of money. There is actually a short supply of homes for sale in the 99k and under price range. There are 60 active listings in the 99k and under price range right now in 95660. The big problem with that is that 46 are active contigent listings. That means they allready have an offer on the house and the listing agent is negotiating with the bank on getting short sale approval. In reality there is only 14 available listings under the 99k price range. Last year you could find many more homes under 100k. A person's window of opportunity to buy a home under 100k in North Highlands is
quickly closing. The investor knows that even at a 90k purchase price on a 3br home that there
mortgage payment on a 15 yr loan is $775.0 per month. They can easily rent that house for $900.0 to $1050.0 per month. This is an incredible opportunity to buy a house where the renter can make your mortgage payments for just 15 years and then you own a house free and clear.

Retire in 10 years

I wanted to show someone now that a person who has 100k now and just an average income how to retire in 10 years. I have been finding properties FOR SALE IN THE SACRAMENTO CA area that are selling for 70k or less. The amazing thing about this is that the rents on these houses are still $1000.0 to $1150.0 per month. I have caculated that if you were to put 25% down your loan amount is $52,500.0. A payment on that loan amount for 10 years at 6% is $712.0 per month. This payment includes P.I.T.I. If the rent is $1150.0 per month and you take away a $150.0 per month for property management and utilities you still have a positve cash flow of $288.0 per month. These are all homes that once sold for 200k. If you buy six of these homes over the next 12 months, you would have $1728.0 of positve cash flow along with the fact that you will own these 6 homes free and clear in 10 years. I would be conservative and say that these homes would be worth 150k in 10 years. You would have 900k in equity and $6000.0 per month in net income.I think you could at least work part time with this income or even retire.

A sellers market in Sacramento CA

I am sure that a person who hasnt kept up with the real estate market will be shocked that I am now declaring this a sellers market. The number of HOMES FOR SALE IN CITRUS HEIGHTS CA TO SACRAMENTO CA has droped even more in the last month. I just researched the zip code of 95621 and found out that there is only a two and a half months SUPPLY OF HOMES FOR SALE IN CITRUS HEIGHTS. I also researched the SACRAMENTO CA zip code of 95841 and found out that there is only a month and a half supply of homes for sale. It is a sellers market in the 200k and under price range because of the low supply of homes.
It is a perfect time now for the homeowner who has some equity and has a home in the 200k or under price range. A homeowner who now wants to move because they need a larger home or are moving out of the area then this is a perfect time to sell. They will probably get multiple offers on their home.They will have a large supply of homes to choose from in the higher price range. As an example, there is a nine month supply of HOMES FOR SALE IN GRANITE BAY CA. Granite Bay has larger and higher priced homes for sale. A person who buys now will get an incredible 20 or 30 year fixed mortgage rate thus helping there monthly payment to be even more affordalbe.
If you need to search for all the homes for sale from Rocklin to Sacramento, then please go to www.rocklinsacramento.com

The overall Sacramento real estate market

SACRAMENTO CA area home sales decreased 4 percent in September compared to a month ago. But bargain priced homes and lower interest rates attracted homebuyers in recent weeks, with pending sales increasing 9 percent.
The available homes on the market in the SACRAMENTO CA area declined to 5276 in September, a 52 percent drop from a year ago and a 62 percent drop from the record high in August 2007. That is making it tough for home buyers but it is giving property owners hope that prices will increase.
The median price in SACRAMENTO COUNTY is at $180,000.0 in September. A 3.7 percent decline from August. That is still higher than the February median home price of 168,700.00
Many of the zip codes in the SACRAMENTO area for homes below the 200k price have just a three month supply of homes for sale. I can tell you that in the past week I have sent in four offers on newly listed homes and each home had multiple offers and someone else had bid higher than my offer.

Statistics on homes for sale in Rocklin CA

I just gathered all the data for the HOMES FOR SALE IN ROCKLIN CA 95765 zip code. I counted 179 active listings in that zip code. There are 100 short sale listings and 79 listings. Out of the 79 listings there are only 5 bank owned listings. There have been 119 sold HOMES IN ROCKLIN CA the last 3 months. That is an average of 40 HOMES SOLD PER MONTH IN ROCKLIN CA. That tells me that there is a 4 1/2 month supply of HOMES FOR SALE IN ROCKLIN CA. That is about an average supply of homes on the market. If it was something like 9 months supply of home for sale ,that would tell me that market still has the potential for dropping in price. The average price per square foot of the sold homes was 143 per sq. foot. Last year at the same time the average price per sq ft was 165 per sq ft. If you are looking to BUY A HOME IN THE ROCKLIN CA area, I would say that you have a very good chance at buying your home at the bottom of the market. You can search all the homes for sale in Rocklin at www.rocklinsacramento.com

Our Real Estate Market

The purpose of this blog is to keep track of the Rocklin, CA to Sacramento, CA real estate market. I will give my client updates on the amount of inventory in the area. I will also keep track of the number of bank owned and short sale listings. This will be very important so that you know which way home values might be going to. I will also kept clients updated on the current mortgage rates. I can tell you that the number of HOMES FOR SALE IN THE SACRAMENTO, CA area has dropped alot compared to one year ago today. It looks as if the banks are slowly releasing their inventory of homes they own. Every once in a while I will post
the deal of the week home for sale. This will be a home for sale at 30% to 50% off of appraised value.