June 2016

Found 5 blog entries for June 2016.

Looks like home prices in the Sacramento area are pacing ahead of wages earned.

According to RealtyTrac, a real estate information company out of Irivine, Calif., Sacramento's home prices are 9% higher than they were last year at this time, but the growth of the wages and earnings is up 5%.

Home prices Sacramento and the Tri-County region have steadily been on the rise since bottoming out in early 2012, however earnings haven't been able to keep pace with the rapid rise of homes.

RealtyTrac reports the least affordable region in the area is El Dorado County, where an average wage earner living there must spend 67% of their earnings to purchased a home worth $430,000.

The most affordable area to live in the region remains Sacramento County,

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Sellers market SacramentoWith housing statistics and sales released for the month of May in Sacramento, lower inventories have pushed home price up slightly on a year-to-year basis.

A report by Coldwell Banker Residential Brokerage shows the median sale price on all single-family homes in Sacramento, El Dorado and Placer Counties was at $345,000, a jump of 7.5% from May 2015 when the price was $321,000.

The reason for the increase is there aren't as many homes for sale in the Tri-County area, where the total number of listings in May was 4,474 - down a staggering 27% from a year ago. According to the report, the largest inventory drop came in Sacramento County, where there was 33% fewer homes for sale last month.

Of the three counties, Sacramento County showed as the

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There's a good chance online retail giant Amazon will be setting up shop in Metro Air Park, a move that will provide many new jobs and a boost to the Sacramento-area economy, while also having an effect on the Sacramento real estate market.

With Sacramento County receiving an application for an 855,000 sq. ft. building/warehouse at the Air Park, many believe the application is on behalf of Amazon, though this is not confirmed yet.

"The rumor is pretty solid, but it’s not a done deal yet,” said Joshua Wood, CEO of Region Business, a Sacramento area business advocacy organization, to the Sacramento Bee.

County officials have so far only confirmed the got the application last month for the property, which is situated east of Sacramento International

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Looks like the average home price in Sacramento and El Dorado Counties has trended slightly downward in May, while single-family homes in Placer County have basically remained unchanged.

In Sacramento County, the median list price of single-family homes selling for less than $250,000 dropped 2.75% to $209,000, while single-family homes listed for more than $250,000 dropped 4.24% to $416,553.

Meanwhile, condos and townhomes in Sacramento saw a large jump in price - 10.12% for units listed at more than $100,000. The new median price is now $234,000, showing these residences are in high demand.

Then there's the average price of condos and townhomes (listed for more than $200,000) in El Dorado, which has jumped big time by some 62.99% to an average

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When it comes to selling your home in the Sacramento area, the ideal situation would be to get multiple offers, allowing you to get more return for your residence. Here are a few things to consider that can help make that happen, especially with Sacramento real estate being in high demand.

It's all about Location

If your home or property is in a good location, you're already ahead of the curve since that's the main thing home buyers look for. Keep in mind, though, that what makes a "good location" changes. So, if your neighborhood has improved, your home value will too. However, it can go the other way as well, but above all, be honest with yourself and work with your real estate agent to price your home properly. Which brings us to the next tip...

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