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
John Hayes
RE/MAX Gold
530-306-3316
Lemon Drop Martini
1 1/2 ounces vodka 1/2 ounce Triple Sec 1 teaspoon superfine sugar 3/4 ounce freshly squeezed lemon juice Ice cubes Superfine sugar for dipping Twisted peel of lemon Mix the vodka, Triple Sec, sugar, and lemon juice in a cocktail shaker half-filled with ice; shake well (supposedly the cocktail is to be shaken 40 times to make sure the sugar is well blended). Pour strained liquor into sugar-rimmed martini glass and garnish with a twisted peel of lemon. NOTE: To create a sugar-rimmed glass, take a lemon wedge and rub the drinking surface of the glass so it is barely moist. Dip the edge of the glass into sugar
November show decreased sales, median price!
Sacramento association of Realtors Press release!
After a bout of increased sales driven by the abundant REO properties in recent months, the Sacramento Housing Market recorded a moderate decline in sales for the month of November. 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.
November ended with 1,716 total closed escrows, an 18.4% decrease from the 2,103 sales recorded for October. Although down month-to-month, November 2008 sales reflect a 110.8% increase over the 814 closed escrows of the same month one year ago.
Continuing a year-long trend, November had the lowest median sales price in the Sacramento region since February 2002. The median sales price of a Sacramento area home dropped to $184,944, a 5.2% decrease from October's $195,100 median price. When compared to last year, the current figure is 38.2% below the $299,450 of November 2007. The 1,715 new listings in November are an 18.4% decrease from the 2,058 new listings in October. The total listing inventory for November was 6,643, a 9% decrease from October's 7,304 total listings. This figure is down 33.4% from the 9,967 total listings of November 2007. The lowered total listing inventory and the relatively high number of closed escrows produces a great housing market supply figure. This figure represents the amount of time - in months - it would take to deplete the total listing inventory given the current rate of sales. November's figure of 3.9 months is up slightly over October's figure of 3.5 months. This month's figure, however, is still 68% below the 12.2 months of November 2007
The combination of a low median price and lowered mortgage rates give Sacramento a favorable Housing Affordability Index. C.A.R. Trends in California Real Estate reports that Sacramento County has "set or tied record high affordability readings in the third quarter (of 2008)." Each quarter, C.A.R. calculates the state's Housing Affordability Index for First-Time Buyers, or HAI-FTB. This method "measures the share of all households that can afford an entry-level home" and reports that Sacramento County holds a HAI-FTB of 71 - one of the highest in the state. Alan Wagner, 2008 SAR President, responds: "This is just more evidence solidifying the state of our market. Yes, the median prices are down - way down - but the affordability index figure should push fence-sitters to the other side. The upside of this downturn is that area homes are ripe for the picking. Prices are at six-year lows and mortgage loans, although with stricter standards, are still showing incredibly low rates. If you have the assets, you might want to make a move."
Condominium Resale Market
The Sacramento Condo market remains active, but shows signs of slowing for the winter months. November had a total of 97 closed condominium escrows, a 28.7% decrease from October's 136 escrows. Compared to the same month in 2007, this figure represents a 64% increase in sales from the 56 condo units sold last November. The median sales price of a Sacramento condominium showed a similar trend: a decrease from $114,500 in October to $107,000 this month reflects a 6.6% negative change. Compare this to the $222,500 median price of November 2007, a figure 52% above the current median price.
John Hayes
RE/MAX Gold
530-306-3316
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Absolute Martini Recipe |
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5 parts vodka Combine all ingredients in a cocktail shaker with cracked ice and shake well. Strain into a chilled cocktail glass |
Stop Cutting Interest Rates! You may think that statement is crazy, but here are my thoughts. The Fed keeps cutting rates but the banks just keep putting the money in their pockets. THE BANKS ARE THE REASON WE ARE IN THIS MESS!! Why don't the banks just say "Thank You"? This just tells me that the banks are bigger than our government! Now, the Fed has lowered interest rates to zero, what next, you can't go any lower? I was on the phone with a lender yesterday, and it is amazing that on all refi's and purchaseses there are now all these "HITS". "HIT THIS"! Stop buying other banks with our money, Chase! If the banks go bankrupt so what, there will be other banks stronger with less debt. Some that may actually have money and be willing to lend it. Stop punishing our clients with 720 credit scores..stop hits on investors who are putting 25% down...stop hits if your age is "25"...stop hits if you drive a "yugo" (now I'm going a little over board, or am I?). Oh, you want to refi out of that adjustiable rate do you? Nope, you don't get 5.5% you get 7% due to the above hits. Personally, I was selling more homes at 6.2% then 5.5%. If you look at the last 30 years 7% was a GREAT Rate. I feel the result of all of this is that we are going to see more "Buy and Bail" but that will be a different post! Banks, you got us in this mess you get us out!!! As my dad would say, "you made your bed you lay in It". Investors should be buying up all the loans out there because everything is Full Doc, proof of everyithing, incuding your blood type. We need to see some money come to the American people to stimulate the market. We, the American people are bigger than the banks, and we can make a difference! It is now official, it is not a real estate problem anymore, it is an economy problem. More to Come..
John Hayes
RE/MAX Gold
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Nightmare Martini Recipe |
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6 parts gin Combine liquid ingredients in a cocktail shaker with cracked ice and shake well. Strain into a chilled cocktail glass and garnish with orange twist. |
Happy Thanksgiving Active Rain.
Top 10 things to do today!
Get oil to about 475* This takes about 20min. Drop turkey in..this will take about 45min. DO NOT DO THIS IN YOUR HOME IF YOU DO YOU WILL BE CALLING 911.
Pull turkey out and let it cool. Slice and enjoy! 
John Hayes
RE/MAX Gold
Pumpkin Martini
It is my goal as your Full Time Real Estate agent specializing in the Folsom,Rancho Cordova and El Dorado Hills areas, to provide you with superior service at all times! www.johnhayesrealestate.com
It is my goal as your Full Time real estate agent specializing in the Folsom,Rancho Cordova and El Dorado Hills areas, to provide you with superior service at all times. My local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources I offer.
Buying a home? I look forward to helping you select the home of your dreams by taking time to listen to your needs and desires.
Selling a home? My real estate expertise and many effective marketing programs will give you the exposure and edge you need to sell your home quickly for top dollar.
Returning Client? I appreciate the opportunity to continue to serve you and hope you take advantage of the valuable resources I provide. Come back to visit often!
I consider this community an excellent place to reside and would love to share with you my enthusiasm for the many neighborhoods that encompass it. I pride myself on providing unparalleled service and look forward to developing a long-term relationship with you. Please feel free to contact me if you would like to discuss how I can best assist you with your real estate needs.
Sincerely,
John Hayes
Areas of Expertise:
Sellers:
Buyers:
Purchase Loans:
Refinace:
Land:
New Constuction:
Building Your Dream Home:
These are some Testimonials from my past clients:
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.
1) John, I just wanted to send you a short e-mail thanking you for all your hard work in helping us with our home purchase. I know we are not easy clients to deal with. You were always available when we needed to get a hold of you or look at houses. I also appreciate your honesty throughout the whole process. You have a gift of making people comfortable. Thank you again and if anyone asks me about real estate I will definitely send them your way. J. Conrad
Alex Perez Hello John, Every person who reads this needs to know what kind of person this individual is; Kind, great person to have around your family, outstanding work ethic, dedicated to achieve optimum results and passionate about his career. John, you will always be highly recommended by me. Good Luck. Well just wanted to say hello to you and your family. Alex 3) Dear
John,
There are a lot of realtors out there who just want a
listing or a commission. You are not one of them.
You took a great deal of time to ensure we were not
just buying any house but buying a home that would
fit us. This professionsl courtesy extended to
helping us obtain the best financing available at
that time. We appreciate all your hard work and
efforts, Thank you Mr & Mrs Sartoris
My wife and I were referred to John by my co-worker when looking for our first home. John is a very knowledgeable realtor, and he answered all of our questions and concerns. After understanding our needs, he did his homework and found our dream home. The home that John found for us was a tremendous deal for the price, and a lot bigger than we had expected! John answers your phone calls in a timely manner, even if you call him everyday like we did. He understands that buying a home is your most important purchase of your life, and he will be there for you the entire process.
Adam & Khontharith Aita
Hi John
To everyone who will be reading this, Mr. Hayes is a caring, honest,
goes the extra mile Realtor.He
really listens to what you want in a house and finds what you want. He
has great patience and is
always there for you through the whole process. I WAS REALLY SCARED
when Mr. Hayes and I found my
home, But he always answered my phone calls and email. I sent many. He
assured me
that I could do this and I did. He is always positive, when you buy a
house you really need that. If
you are looking for a house you should call Mr. Hayes for all the
reasons above and he is really a
diamond in the rough. Thank you Maria Martinez
John,
First and foremost, I would like to thank you for all the hard work put in to my buying a home. It's been a rough roller coaster ride (about 2 years, 3 Real Estate Agents, 4 Lenders). I've seen the market (i.e interest rates/home prices) go up and down. My first home buying experience was enjoyable you were a very helpful and accommodating agent, that most importantly got the job done. As a new home owner, I am glad you were on my side. I would of never of thought about the extras that could be procured in a purchase if one is aggressive as yourself (i.e the 1yr home warranty, paid closing costs, washer/dryer, refrigerator/freezer, etc.). John, my family and I would like to sincerely thank you for your integrity and honesty and diligence. Due to all your work, I, got a 4 bedroom 2 bathroom house at $215,000 with a 5.25% interest rate. Almost unheard of two years ago. Thank you again. Carlos
John Hayes served as our Real Estate Agent through the purchase of our new home. We ran into him through a Craig's List add for one of his properties and he lined up properties for us to look at. We got to know him and he got to know our family and our needs, and was able to find us an absolutely fantastic deal with a brand new home. He went the extra mile that other agents did not.
John was always available to us throughout the buying process to answer questions or help things get moving along, if need be. I could not have asked for a better Real Estate Agent. He was concerned about our needs and what would work for our family. I would highly recommend John to anyone looking to buy or sell a home.
Sincerely,
Theresa
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