Real estate update for Sacramento and Placer County

Here's a quick and easy way to visualize what our real estate market is doing here in Sacramento and Placer county.  We noticed a decline in sales out there in October and that has continued to November.  The number of sold homes has declined; however, pendings were up. I think we have a mix of both the market correcting itself and a normal cyclical slow down as we head into the holidays.   We should see improved values YTD for next year. With the market cool down, I've instructed several sellers to hold off selling until spring. If you're a buyer, now's a great time to get out there and score a deal.  More than likely we'll be able to negotiate a good deal, especially with a motivated seller.  Give me a call! Chad M Phillips Broker Assoc. (Lic: 01405825) RE/MAX Gold (Lic: 01215931) 2998 Douglas Blvd., #125 Roseville, CA 95661 Primary: 916-390-1476 Secondary: 916-218-7500 http://www.realestate-roseville.com       October-15 Median Sold Price of Existing Single-Family Homes Sales State/Region/County Oct-15 Sep-15   Oct-14   MTM% Chg YTY% Chg MTM% Chg YTY% Chg   Placer  $394,720 $392,820   $380,170   0.5% 3.8% -4.9% 3.3% Sacramento $292,150 $289,760   $270,150   0.8% 8.1% -6.3% 7.7%

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Roseville and Rocklin average price per sqft

Placer county real estate update for Roseville and Rocklin

Average price per sqft chart below

September stats came out and data is showing us that the market has leveled off over the past 6 months.  The average price per sqft is right around 203.  Other data such as the inventory / houses sold, correlate and show a consistent trend in the marketplace.  Since we're nearly 2 months beyond this data I can tell you that we've seen things slow down.  It's typical this time of year heading into the holidays.

We're seeing this winter as a good time for buyers.  The ability to negotiate and get a deal is looking more and more promising since the days on market average is 2-3 months.  A savvy buyer will hunt down that motivated seller and get the house they want at a deal.

I'm not sure about the economy as a whole.  I have been thinking the stock market was going to crash again, but now I'm not so sure.  I'd feel much more confident investing in real estate, buying a house in Roseville or Rocklin will certainly be a good purchase long term.  A property is  tangible and unique.  I had money set aside to invest in the stocks, just too scared to pull the trigger.  I'm sticking to what I know, and I know real estate.

Chad M Phillips Broker Assoc. (Lic: 01405825)
RE/MAX Gold (Lic: 00983982)
2998 Douglas Blvd., #125
Roseville, CA 95661
Primary: 916-390-1476 Secondary: 916-218-7500
http://www.realestate-roseville.com