Sacramento Real Estate Movement and Fun.

Back in the days of the worst foreclosure problems of the early 2000’s, I started extrapolating numbers from the Sacramento Area Real Estate market.

How many homes were Foreclosures, Short Sales, how many sales were there, how many listings? It was a great education in just how the market was shaping up with home sales.  Or no sales– Did you know at one point, when values were already crashing, and the banks were blindsided, that some banks raised their interest rates to 15%!? It didn’t last long, but was a great way to stall…..er….Stop….giving any loans so they could gather themselves in the crisis. Well, that’s off subject, so getting back to my point–

Today, I had some fun and pulled some numbers from Metrolist. We used to run 65% Short Sale, and 12% Foreclosure. Now, of course, we are closer to 87% regular sales, and few foreclosures and short sales.

Using data from Sacramento County on Residential sales and stats–

There are 2629 listings on the Metrolist as of this publishing.

Up to 3/29/15, when I wrote this, there had been 1181 closed sales in Sacramento County (congrats if you’re one of them!) during March.

121 Sacramento listings are under $100,000, mostly condos. The lowest list price I could find was $39,900. Again, these are stats from  Sacramento County Real Estate.

The highest list price I could find was $12,000,000 for the Starr Vaughn Equestrian Facility in Sloughhouse (yes, the “Vaughn” is of Greg Vaughn fame).

Starr Vaugn Equestrian

Starr Vaugn Equestrian

FYI, the highest priced listing in Placer County is $5,999,999 for 15,800 Sq Ft in Granite Bay.

What’s your home worth??? See my comments,  or fill in my form, and  I’ll send you a FREE home Valuation. Sacramento Real Estate is busy and strong this spring!

15,800 Sq. Ft in Granite Bay

15,800 Sq. Ft in Granite Bay

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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