Sacramento Real Estate Market
Living large in an Italian Villa here on Indio Rd southeast of Sacramento with wine grape vineyards and mature olive trees is truly paradise.
Live the gentleman farmer’s life! Vineyards, olive orchards, gardens of fresh vegetables, fruit & nut trees galore adorn this estate property. The grape vineyard produces several tons of grapes. The olive orchards yield a few hundred gallons of olive oil per seller; both are processed off-site.
This modern expansive Tuscan Farmhouse could be right out of Florence’s hills, surrounded by agriculture and pastoral views. With the exteriors freshly painted & an exquisite barrel tile roof surrounded by all your own acreage, the aerial views of this estate are magnificent! Warm, beautifully appointed interiors have modern to-the-minute finishes, including Lowen Windows & french doors, a chef”s kitchen, LUXE Master Suite, 2 en-suite guest rooms, a huge wine cellar, a game room & office.
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?
July 2020 Sacramento County housing market update written by Josh Amolsch, is a terrific post, very informative, ENJOY!
Come January 2021, we may look back at the year 2020 and conclude that “unprecedented” was the word of the year. I can think of a few more words too, but that would be for a different blog. That word comes in to play for the July 2020 Sacramento housing market update in a couple of areas. But the driving factor here is nothing new. Inventory is the culprit of rising prices. Take a look at the Month of Inventory for July 2020. I could not find one instance in the last 15 years when the Months of Inventory was at .7 months except for July 2020. Unprecedented. This is down 46.5% from July 2019. Sacramento’s real estate has proven to be very strong during the COVID-era. Stronger than ever, in fact.
Our November 2019 Sacramento fall home sales is an interesting time. The article below in italics, “Welcome to the Sacramento Fall Home Selling Market,” was written in 2012 by my partner, Elizabeth Weintraub. So, let’s now look at current interpretation of current market trends in 2019 and you will see how similar they are to conditions in 2012. It’s uncanny.
Our November weather has been many warm sunny days, high 70s and even a few 80 degree days. This has extended the fall selling season as it is busy right now and we are fast approaching Thanksgiving.
Multiple offers are happening. The Sacramento real estate market in 2012 VS 2019 is similar in so many ways. The article below in italics, A Twist in the Sacramento Real Estate Market, was written in 2012 by my partner Elizabeth Weintraub. So let’s now look at my interpretation of 2019. I just sold an investor-type listing; we had 6 offers, all investors. Several were over the list price. The final selling price was 10% over list. This was the same thing happening in 2012. Multiple offers are happening on properties priced to sell. Low-interest rates, too, at 3.75%. Rents are matching purchase price monthly payments.