Mark DeGennaro

Congratulations to Amanda and Zack on the purchase of their New Home!

Posted by Mark Degennaro

Congratulations, Amanda and Zack on the purchase of their new home!

Located on Gatemont Cir,Elk Grove,CA This is a great location located near Hwy 99, Elk Grove Park and the future home of the Elk Grove Prominade.

I know the couple will enjoy their 4 bedroom home, The pool will be great for those hot summer nights. Amanda and Zach it was great working with you, and I look forward to your wedding.

To Search for your new home Visit My Website @ MarkDRealty.com Or Call 916-688-8060

Home Front: Home inventory trimmed in capital, W. Sac

By Jim Wasserman - jwasserman@sacbee.com
Published 12:00 am PDT Friday, September 19, 2008

After such a long spell of lousy news on the housing front - for sellers and owners, that is - here's a surprise: In today's housing market, there are just 3.9 months of for-sale inventory in Sacramento County and West Sacramento.

The number, from the Sacramento Association of Realtors, means it would take just about four months to sell every listing inside its territory at the current sales pace.

A year ago, SAR pegged that number at 11.4 months.

In real estate, it's assumed that inventory levels above six months constitute a buyers' market. Below three months is a sellers' market. In between is neutral.

Somehow, buyers have trimmed inventory into a neutral market - now leaning toward a sellers' market - even as foreclosures kept adding to it.

Sacramento researcher TrendGraphix shows the pattern across El Dorado, Placer, Sacramento and Yolo counties. For-sale inventory in August - at 11,369 homes - is the lowest since January 2007. About one in four are homes repossessed by banks.

Today, there are almost 5,000 fewer homes for sale than in August 2007. That's when the region set its newest inventory record of 16,262 for-sale signs.

Analysts say it's not just sales that have done the trimming. It's the determination of sellers to wait out this market.

"To me that speaks of the number of people who don't want to compete with foreclosures," said Andrew LePage, analyst with MDA DataQuick. "You have a lot of sellers waiting for a healthier market, hoping for one in the not-too-distant future," he said.

Last year, real estate agents feared inventory might reach a disastrous 25,000 this year. They got lucky so far instead.

Mark DeGennaro Keller Williams Realty 9355 E Stockton Blvd. Suite 210, Elk Grove, CA 95624 Direct: (916) 688-8060 Office: (916) 480-8324 E-mail: markdegennaro@kw.com Website: http://WWW.MARKDREALTY.com