Sold: $195,000 Beds: 3 Baths: 2 Sq Ft: 1337* Lot Sz: 0.149ac* Yr: 2003
www.johnhayesrealestate.com
www.mathershortsales.com

Total listing inventory in Sacramento Ca remains stable, pending escrows rise
As the winter season continues, the Sacramento residential resale market refuses to lay dormant, showing a steady amount of activity through the notoriously slow month of January. This information, compiled by the Sacramento Association of REALTORS®, is collected from the MetroList® multiple listing service and includes data covering Sacramento County and the City of West Sacramento.
Closed escrows decreased slightly to 739, showing a 8.2% drop from last month's 805 homes sold. When compared to the same month last year, January 2008 showed a slight decrease of sales, remaining 1.6% below the 751 homes sold in January 2007.
The median price for a single family home continued to drop, settling at $255,000, 8.9% below December's $280,000. When compared with 2007, Sacramento's median home sale price shows a 28.2% decrease, staying well below the $355,000 median price of a year ago. New listings in January 2008 totaled 3,138, an increase of 45.7% from last month's 2,154. The total listing inventory barely budged, dropping a fraction of a percent from December's 8,965 to 8,963.
As some prospective buyers wait for the market to "bottom out," others are making great financial investments. "Those who make the well-advised decision to buy and who can qualify for loans are taking advantage of a market that offers record-low rates and an inventory that can please even the pickiest buyer," says newly elected 2008 Association President Alan Wagner. "Sellers who are market savvy are pricing their homes aggressively to increase the likelihood of offers being made. Realistic pricing will keep prospective buyers circling, while an overpriced property will often sit on the market and forego drastic cuts in price to better compete with similar listings. Unrealistic pricing usually leads to nothing more than wasted time. Seasoned REALTORS® need to help sellers to avoid these mistakes and increase the probability of finding the right buyer. This soft market," continues Wagner, " calls for increased REALTOR® activity."
The month-end housing market supply figure - the active listing inventory divided by the rate of completed sales - increased for the month of January, up 9% to 12.1 months, compared to 11.1 months in December.
Condominium Resale Market
The condominium market inventory of 729 in January showed a slight decrease of 1.2% when compared with December's 738. New listings published were up 37.3% to 232 in January compared with 169 in December. Closed condominium escrows showed a considerable, but expected, drop in activity for the month of January, ending with 36 closed escrows, a 36.8% decrease when compared with the 57 closed escrows in December. The 36 closed escrows in January 2008 remain 31% below January 2007's 52 closed escrows. The median sales price of a Sacramento condominium in January was $143,000, a figure down 24.7% from the median price of $190,000 in December. This $143,000 median price is 34.4% lower than the $239,607 median price of January 2007. Info from the SAR..Sacramento Association of Realtors
John J Hayes
RE/MAX Gold
530-306-3316
DRE#01709600
I love it when these e-mail come up in my computer. This makes me, as an agent, understand why I do what I do for a living..
Hi John!
John..working with you was great, so great that I have referred quite a few people to you so that you could help them find and purchase their homes. I think one of the best things about you is that your ALWAYS reachable. There were many, many times that I needed to talk to you and you always answered the phone or called back in a matter of minutes. That's really important to me because it shows me that you care and that your not just there for the sale, your with us the entire way through. Buying a home is very stressful at times, dealing with the banks on a foreclosed property and the lenders asking you for proof of everything but your blood type can really drive you nuts. You know your stuff. You give us your advice with an added "trust me" and sure enough you were always right. I would also like to add that you have remained in contact to this day offering your assistance in many different ways. You have a list of people that you have referred us to to help with many misc. repairs for our home (at really low prices), you have even kept us in mind when interest rates have dropped to a lower rate so we can re-fi and lower our payment. Your service doesn't stop with the SOLD sign, you continue to work for us long after the sale and that really means a lot to us. Good luck with everything and we'll keep those referrals coming! Jennifer Hill Elk Grove, CA.
John Hayes
RE/MAX Gold
Mexican Martini recipe
2 oz 1800® Tequila
1 1/2 oz Cointreau® orange liqueur
2 oz sweet and sour mix
1 oz lime juice
2 oz orange juice
1 splash Sprite® soda
2 olives
Folsom finishes tops in the Sacramento area...2008 Real Estate summery of homes sold in Folsom Ca. Average days on market 53 is below the the Sacramento average of 135 days. Folsom counties to grow and be a disirable place to live. Some new futures in Folsom would be the new Folsom bridge to open..In and Out Burger..New Palladio mall..Starbucks drive thru..and more to come.
| Selling Price Range |
Quantity |
Average DOM | |
| $140,000 thru $159,999 | 1 | 174 | |
| $160,000 thru $179,999 | 2 | 4 | |
| $180,000 thru $199,999 | 3 | 28 | |
| $200,000 thru $249,999 | 12 | 44 | |
| $250,000 thru $299,999 | 42 | 62 | |
| $300,000 thru $349,999 | 131 | 42 | |
| $350,000 thru $399,999 | 134 | 53 | |
| $400,000 thru $449,999 | 122 | 55 | |
| $450,000 thru $499,999 | 87 | 50 | |
| $500,000 thru $549,999 | 63 | 62 | |
| $550,000 thru $599,999 | 36 | 46 | |
| $600,000 thru $649,999 | 26 | 46 | |
| $650,000 thru $699,999 | 18 | 93 | |
| $700,000 thru $749,999 | 5 | 27 | |
| $750,000 thru $799,999 | 9 | 89 | |
| $800,000 thru $849,999 | 4 | 66 | |
| $850,000 thru $899,999 | 2 | 13 | |
| $900,000 thru $949,999 | 2 | 12 | |
| $950,000 thru $999,999 | 1 | 312 | |
| $1,000,000 thru $1,249,999 | 6 | 91 | |
| Total homes sold 706...average days on market 53 | 706 | 53 |
Summary Price Information
| Summary Price Information | |||
| Minimum | $145,000 | Maximum | $1,089,000 |
| Average | $434,465 | Median | $410,000 |
John Hayes
RE/MAX Gold
Apricot Mango Martini*
2 measures gin ½ measure apricot brandy ½ measure simple syrup ¾ measure fresh lemon juice 1 slice of fresh mango In the bottom of a glass half of the boston shaker muddle together the mango, the syrup, and the lemon juice, add the apricot brandy and the gin and shake well with ice. Strain into a chilled martini glass. Garnish with a lemon peel.
December sees an encouraging surge in sales
Winter home sales in December, a time of lower activity, made an unexpected increase. The following information, compiled by the Sacramento Association of REALTORS®, is collected from the MetroList® multiple listing services and covers Sacramento County and the City of West Sacramento.
December showed a strong close to the year, recording 1,932 closed escrows, a 14.5% increase from the 1,589 sales recorded in November. When compared to the same month one year ago, December 2008 stands 140% above the 805 closed escrows recorded in December 2007.
The median price of $180,000 was down 2.7% from November's median price of $184,944 and is the lowest level since February 2002. The current figure is 35.7% The total listing inventory for this month dropped to 6,462 listings, a 2.7% decrease from the 6,643 total listings of November. Compared to the same month last year, the current figure reflects a 27.9% drop from the 8,965 listings in December 2007. The decreased total listing inventory and high rate of sales gives December a very low Housing Market Supply Index. This figure represents the amount of time - in months - it would take to deplete the total listing inventory given the current rate of sales. The December figure of 3.3 months is down 15.4% from the November figure of 3.9 months. The current figure also represents a 70.3% decrease from the December 2007 figure of
Condominium Resale Market
Following the single family home sales trend, the condominium market also showed an unexpected upturn in sales. There were 124 condominium sales in December, a 27.8% increase over the 97 sales in November. Compared to the same month in 2007, the current figure is a 118% increase over the 57 condominium sales of last December. The median sales price of a Sacramento condominium decreased to $93,000, a 13.1% drop from the November median price of $107,000. The $190,000 median price of December 2007 is 51% higher than the current median price.
John Hayes
RE/MAX Gold
530-306-3316
Citrus Martini Recipe 8 parts lemon flavored vodka Combine liquid ingredients in a cocktail shaker with cracked ice and shake well. Strain into a chilled cocktail glass and garnish with lemon twist.
1 teaspoon Grand Marnier or orange liqueur
1 teaspoon fresh lime juice
Lemon twist
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