Sacramento Real Estate News

Found 29 blog entries about Sacramento Real Estate News.

citrus-heights-real-estateIf you are looking for a family friendly, affordable city within the Sacramento region, look no further than the City of Citrus Heights real estate. 

Citrus Heights, CA is fairly young city, incorporated in 1997.  Prior to its incorporation, it was part of Sacramento. The population of Citrus Heights is approximately 84,345. 

It is centrally located between Downtown Sacramento and Roseville.

Quick Commutes from Citrus Heights

Citrus Heights homes for sale have the major advantage of being so centrally located to so many different freeways and highways that run throughout the Sacramento Valley.  Within 3 to 11 miles from the city’s center, you can easily access Interstate 80, Interstate 5, U.S. Highway 50, and CA State Highway 99.  You are also

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New homes in Sacramento are a great living option for a number of different homebuyers. There are many advantages to buying new including updated interiors, solid construction, and custom finishes.

Sacramento Offers Variety

From fully loaded low-maintenance condos to upscale executive homes, the options are plentiful and vary with every neighborhood. Whether you're a first-time homebuyer, a family looking to upgrade, or in your golden years and looking for a nice place to retire, with a range of new Sacramento homes to choose from, there's something to suit every lifestyle and budget.

New Homes Are More Affordable

New Sacramento homes are also more affordable as they require less money up front when it comes to repairs and maintenance.

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folsom-real-estateFolsom, CA is a beautiful community just about 20 miles northeast from Sacramento in Sacramento County.  With its proximity to downtown Sacramento, Lake Tahoe, and San Francisco, with its abundance of outdoor activities year round, Folsom is great place to live and call home. In fact it was recently named the #1 place to raise a family in California, according to a recent WalletHub study, beating out the likes of Palo Alto, El Dorado Hills and Roseville.

Need a little more convincing? Here are 5 reasons why Folsom is such a great place to live:

Folsom is Affordable

One of the main drawbacks in living in a highly desirable area is the cost of living, which in most cases is quite high. Not the case in Folsom. In fact, in that same WalletHub study,

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Rental rates in Sacramento continue to increase, which is a boon for property owners and real estate investors earning passive income from renting out their homes or condos.

According to new reports from two condo rental data companies, over the past 12 months Sacramento's rents went up by almost 12% from May 2015 to May 2016 - higher than any other city in the U.S., according to Yardi Matrix.

Sacramento's rental growth is ahead of cities like Seattle, Portland and Los Angeles which are places with a healthy increase in the number of jobs.

Another rental data firm, RealPage, found Sacramento's went up 9.7% over the previous year up to the second quarter of 2016.

You can check out the rate increases in our previous post from May.

The new

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Real estate in Sacramento continues to steadily sell, with April housing statistics showing overall sales increased 7.9% from the month of March, with 1,554 residences sold - compared to 1,440 in March.

Interestingly, the active listing inventory went up by 6.5% from March, however the months of inventory remained static at 1.4 months. And, when compared with April last year, the overall inventory is down by 17.4%.

In terms of home prices in the Sacramento area, the median price went up by 1% from $307,000 in March to $310,000 last month. In April, 2015 the median price was at $281,000. By way of comparison, homes back in August of 2005 (the peak median home price in Sacramento) were quite a bit more expensive at $392,750.

The lowest median sales

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Sacramento real estate stats Feb. 2016After a fairly sluggish January, Sacramento homes sales have picked up the pace.

According to the latest stats from the Sacramento Realtors' Association, February saw sales volume ramp up by 12.3% from January, with 1,082 homes sold. Last month 963 homes were moved.

February 2016 sales were down ever so slightly from a year ago, when there were 1,098 homes sold.

Pending sales went up 13.9% from 1,098 to 1,251. Compared with February 2015, the current number is up .3% (1,247).

Meanwhile, the median sales price jumped up 4.9% from January this year, going from $284,900 to $299,000. This is also a 5.6% jump from February last year, when the median sales prices was $283,000.

And the good news for those thinking of selling their homes, is the

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Sacramento county real estate enjoyed a solid month of January - the best January in the past three years, actually.

According to new stats from the Sacramento Association of Realtors, 1,124 existing homes were sold in Sacramento County in January, up 7.4% from January 2015. The median sales price was $265,000 - up 8.4% from Jan. 2015, when homes were averaging $245,000.

When you factor in all homes sold (new homes, condos, and resale homes), 1,378 units were sold, up close to 9% from the previous year. And for all units sold, the median price enjoyed a nice jump of 10.2% to $270,000 from Jan. 2015.

However, January sales were down from December 2015, a decline that's attributed to the new government mortgage rules, which helped December sales

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Further evidence of Sacramento's red-hot real estate market comes from a new report showing luxury homes in Sacramento have been selling well and becoming even pricier for affluent home buyers.

According to brokerage firm Redfin, Sacramento's high-end housing prices increased by 12.6% last year, making the city's luxury market the third hottest in the United States, behind only Philadelphia and Austin, Tex., where values were up more than 20%.

Redfin defines luxury homes as those being in the top 5% of all homes for sale. Redfin’s report tracks all homes sold in at least the 95th percentile in more than 600 places. Cities must have had 100 luxury sales to qualify as big winners or losers.

The reason for Sacramento's surge in luxury property

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Sacrament home sellingIf you're thinking of selling your home in Sacramento, now is a perfect time to put it on the market.

A recent report from realtor.com shows the Sacramento real estate market as being the sixth hottest in the entire United States for this past January.

According to the report, overall inventory is down, making it a very good market for sellers.

The real estate market generally heats up in spring, during the months of March,  April, and into May, so why not put your home on the market now and avoid all the competition coming up in a couple of months?

By selling now, your are also more likely to be able to list your home for a higher price, given there are plenty of buyers in the Sacramento area and less competition in terms of homes for sale.

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rentals in SacramentoThere's good news for revenue property owners in Sacramento.

The city has one of the highest rental rates in the United States after rents rose by 10% in January from a year earlier.

A study by Yardi Matrix shows Sacramento sitting tied at No. 2 with San Francisco among 30 U.S. rental markets. Only Portland had a higher rental increase, coming in at 14% for January 2015.

The average rental rate in the Greater Sacramento area for all rentals is $1,158. One bedrooms rent for an average of $1,032.

Over the last quarter, Sacramento had a rental appreciation of 0.8% of "renter by necessity" apartments, which was the highest level of any city in the U.S. Yardi Matrix defines such apartments as those rented by people who can’t afford to own, often

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