Real Estate Trends
January 2021 Sacramento Area Housing Market, written by Josh Amolsch, is an informative eye-opener, Enjoy–JaCi Wallace.
Sacramento is officially in the big leagues. We have now reached a median home price that is only a couple clicks down the recent Kiplinger’s list from New York, Los Angeles, San Francisco, San Diego, San Jose, and two or three other high-end but still fairly obscure cities. Maybe those cities were cow towns once before as well. A place only good for getting gas and asking the wife, “so where are we at again?”. Yes, Sacramento reached a new high in January, a month where prices typically go down, and inventory goes up. January 2021, and all the vicious action therewithin, birthed a $449,000 median home price for Sacramento County, an 18.2% increase from Jan 2020. Placer County shot up 17.8% from a year ago to $581,000.
You should have heard my jaw hit the floor when I first saw the latest numbers from the December 2020 Sacramento housing market update. Maybe I should grow a beard to pad the jaw a little or start wearing a football helmet with a buckled-in chin strap because I sense that the fireworks will continue for the foreseeable future in the Sacramento-Roseville-Elk Grove area. Let’s be real; everyone sees that for the foreseeable future. Please pick up a magazine or click on Google and check it out.
October 2020 Sacramento area housing market update is a wake-up call for buyers. Another great blog is written by our very own Josh Amolsch. Enjoy — JaCi Wallace.
If you bought a Sacramento County home in October 2019, you likely have 15% more equity today than you did the day you bought it. Crazy, right? That is highly above normal. The October 2020 Sacramento area housing market update also shows the median home price increase from Oct 2019 to Oct 2020 in Yolo and Placer counties clocking in at 8.6% and 8.7%, respectively. Sure, the first few years of monthly mortgage payments are interest heavy, with less than half of the payment going towards the principal loan amount, but you still chip away at the loan amount. The heavy lifting this last year was in appreciation. The average annual appreciation, according to the California Association of Realtors, is usually 4-6%. Appreciation for 2020 is projected to be a little over 8%.
September 2020 Sacramento Area Housing Market is much like ramping up while riding a roller coaster, so hold onto your seat. This is another outstanding job on this month’s blog report by Josh Amolsch. Enjoy. — JaCi Wallace
If you guessed that the median home price in Sacramento county rose again last month, you should go buy a lottery ticket. Yes, the median single home price in Sacramento rose 3.3% from August to $439,000 in September. That is a 13.7% increase from September 2019. Crazy! So many factors are contributing to this meteoric rise in prices. The foundation of it all is that the Sacramento region is damn attractive. Why else would people be plunking down their money here?