Buying Sacramento Home
Identity theft in Sacramento real estate is not something I have given much thought to until recently. It happens to other people but not to me or so I thought. Saturday, I received a few emails from agents out of state in Pennsylvania who said they received offers from me and were they real? I said, please forward it to me. The identity theft imposter was using an email very closely resembling my email, with just a few extra letters. Here the rub, I can only sell real estate in California as I don’t have a license in another state.
The Sacramento County Housing Report for January 2020 includes Sacramento County single-family homes. No other criteria are included in this particular report so that we can get a broad understanding of what is happening in our area. If you want to get updates for a specific area, even down to a ZIP code or multiple ZIP codes, or multi-family properties or land, sign up for Sacramento Home Sale Reports by ZIP Code.
One of the most important metrics in the Sacramento County Housing Report for January 2020 is that single-family homes are selling faster. The graph below shows 39 days is the average time on the market. Homes are selling close to the seller’s asking price. The green line below shows homes are selling at 98% of asking price, which is also higher than they were in January 2019. Are you writing offers? Are they in line with what sellers are asking?
Valentine’s Day in Sacramento real estate, $weet for $ellers or buyers? February is a month when we think about Valentine’s Day. Typically, we see sellers preparing to put homes on the upcoming spring market. Buyers are generally slower to start a re-entry in the home buying search. After reading the January 2020 Sacramento Housing Report, the buyers are out home shopping in full force. They are rapidly buying up the available inventory of homes. Many sellers are receiving multiple offers, and selling very close to list price or over list price, across the board.
Submitting home buying offers in Sacramento 2020 should be well-thought out with a strategic plan. The market is very competitive as inventory is down by a third in many areas. What does this mean for homebuyers? Perseverance is the answer. Understand your priorities. Be willing to compromise and invest in sweat equity. When buyers cling to very stringent criteria, it is a challenging journey. To have “it all,” you will pay dearly and may have to build a custom home, which is not inexpensive. However, when you buy a resale home, you are not paying top dollar for upgrades.
The Sacramento County Housing Report for December 2019 comes to us from team member Josh Amolsch. Josh is out there every day in the trenches, working relentlessly. He knows the inventory and how to find the homes his clients dream about. As a well seasoned professional Realtor, Josh knows the market pulse and shares his experience with you in his monthly market trends blog. Enjoy. — JaCi Wallace
The Sacramento County Housing Report for December 2019 includes only Sacramento County single-family homes. No other criteria are included in this particular report. This singular focus of sales gives us a deepened understanding of what is happening in our area. If you want to receive updates for a specific area, a ZIP code, multiple ZIP codes, multi-family properties, and / or land, sign up here for your Sacramento housing report by ZIP code.