Real Estate Trends

January 2021 Sacramento Area Housing Market

December 2020 Sacramento Area Housing Market

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. read more

December 2020 Sacramento Housing Market Update

Meet New meeting Join a meeting 1 of 100 December 2020 Sacramento Housing Market Update

December 2020 Sacramento Housing Market Update is another amazing blog by our own Josh Amolsch. This is probably the most interesting blog we have posted in the last year. Enjoy, — JaCi.December 2020 Sacramento Housing Market Update

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. read more

December 2020 Sacramento Housing Market Update

November 2020 Sacramento Area Housing Market Update

Inv Nov.png November 2020 Sacramento area housing market update is a real eye-opener and a must-read written by our very own Josh Amolsch.  Enjoy — JaCi Wallace. The daily chatter I hear in the Sacramento area real estate trenches is that prices are too high. This conversation will likely be the same in a year, supplemented with regret of not buying a home when the opportunity was available. Prices are going to get higher, inventory will remain excruciatingly low and rates are not expected to go any lower than they are now.  If I were buying a home to replace the one I have now, I would focus on the 80% of things that matter to me most instead of focus on the 20% that don’t suit me. That latter is the mindset of scarcity. While inventory is low, there are opportunities all over the place. The buyers that are out there buying homes and driving prices up are persistent and nimble. It only has ever taken me 4 offers to get someone a home. Sometimes it is the very first offer. CDOM Nov.png December usually sees a growing number of Cumulative Days on the Market since buying activity usually slows around Christmas time. But check it out, the numbers are inverted versus last year. Homes are selling 48.5% faster in November 2020 versus November 2019 and for 3.1% more. Merry Christmas, sellers! Also, if you are 55 or over, severely disabled, or had a property damaged by wildfires or contamination.  You can carry-over that lower tax basis to a replacement property anywhere in California per Prop 19 that passed on Nov 3rd. This goes into effect next year but really is just an extension of prop 60/90 that has been law since 1986. Median Nov.png It’s tough out there. I totally get it. But just as a White Christmas in Sacramento would require a miracle, so too would a significant decrease in home prices be a dream. It’s sad to say, but for many, owning a home in Sacramento won’t be happening. The median price in Sacramento County increased by 15.3% from Nov 2019 to Nov 2020. The good news is that with products like renovation loans and down payment assistance, buyers can get into a home and update it. It is just a matter of effort. The longer a buyer waits, the more effort and less comfortable they will be in their newly purchased home. November 2020 Sacramento area housing market update is a clear explanation that you need the Exclusive Buyer’s Agents at Weintraub & Wallace Realtors with RE/MAX Gold. We have many years of experience and are in touch with the seller’s markets. You probably won’t find anyone more motivated and persistent in helping you find homes to purchase. Reach out to us anytime if you are hitting a wall, we have ropes to get over. We can be reached at 916-233-6759. =&0=& Weintraub & Wallace Team RE/MAX GOLD | Sacramento, CA.  joshamolsch.com | p. 916.224.2756 #01926016
November 2020 Sacramento Area Housing Market Update

October 2020 Sacramento Area Housing Market Update

October 2020 Sacramento Area Housing Market Update

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%. read more

October 2020 Sacramento Area Housing Market Update

September 2020 Sacramento Area Housing Market

September 2020 Sacramento Area Housing Market

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?  read more

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