Friday, November 20, 2009

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.

Thursday, November 19, 2009

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.

Friday, November 6, 2009

If you have children ages 3 months to 8 years in Sacramento CA area, you should go to 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.

Monday, November 2, 2009

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.