West Sacramento REOs

I've been following the number of bank owned properties in the Southport area of West Sacramento (95691) very closely to see what is happening in the market. The Southport area is a nice (smaller) alternative to Natomas and a newer alternative to Woodland.

The buyer activity has been incredible lately (it was actually strong throughout 2007). In looking at bank owned homes built since 2000 priced at entry level (ie $350k under), there are 16 active, 23 pending (in escrow) and amazingly...72 have sold since January 1, 2008. The banks have been pricing these homes aggressively.

Many of the homes are in the Bridgeway Lakes area of Southport; that is primarily due to the fact that the majority of building (and selling) occurred in 2005 - - the height of the market. The best values seem to be the bank owned homes in both Bridgeway Lakes and Linden East.

If you are interested in Southport for a primary residence or even an investment property, feel free to contact me at lori.prizmich@pcgagents.com or visit my website at www.loriprizmich.yourkwagent.com.