Posts Tagged ‘ California Association of Realtors ’

Real Estate Market Updates: El Dorado and Sacramento Counties

Market update provided by Wendi-Mae Davis Broker Associate/Real Estate Counselor at Connect Realty, Director of the California Association of Realtors (CAR), and Vice Chair Land Use/Environmental Committee

A quarterly Wall Street Journal survey of housing data in 28 major metro areas shows that the glut of unsold homes listed for sale is shrinking in most of them. Locally, in El Dorado County, the listing inventory has continued to go down for the last six months. Metro areas with the biggest drops in for sale signs include Sacramento and Orange County. Southern California saw sales jump 65% from a year ago—More than one-third of those sales were from foreclosures. In Sacramento, we saw sales go up 82% from last September with 64% of those being bank owned properties. El Dorado County sales are about 30% to 50% bank owned real estate.

Where Sacramento home prices are heading is tough to predict.

We have the election results, the U.S. government bailout program, the continued commitment of major lenders to modify thousands of existing mortgages, the law SB 1137 that went into affect on September 8th that slows down the foreclosure process. (Ask me for full details) And, of course, the stock market slide in October.

Ok, some good news and some bad so what happens next? That’s where the challenge of predicting the market comes in.

Click to learn more about Sacramento real estate and Sacramento home prices on HomeGain.

Click to view Sacramento homes for sale.

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Posted by: Jessica Gopalakrishnan on November 14th, 2008 under Market Trends, Regional


Real Estate Market Update: Santa Clara, CA

Market update provided by Wendi-Mae Davis Broker Associate/Real Estate Counselor at Connect Realty, Director of the California Association of Realtors (CAR), and Vice Chair Land Use/Environmental Committee

In a nutshell, market conditions in Santa Clara County (inventory, sales and DUI) continue to improve. Inventory is 146% of the 8-year average. That is down from 220% at the end of 2007. Offers initiated have increased from the 55% range to 114%. The volume of initiated sales has stayed above 100% since August 9th. There are a still larger than normal number of transactions that are failing to close. Consequently, closings are still only at 80% of normal in Santa Clara County. DUI has dropped 310% of normal at the end of January to only 114% of normal. A first level corrected DUI to compensate for the higher than normal failure rate would increase DUI to about 130% of normal.

Remember a lower DUI is Continue reading this post


Posted by: Jessica Gopalakrishnan on October 30th, 2008 under Regional

1 Comment »

Why the Internet Buyer is the Best Client

Since internet buyers (IB) do most of their home searching and researching BEFORE calling an agent, they are more efficient buyers who won’t take up a lot of your time and resources.

Realtor studies show they are also more satisfied with their agents and overwhelmingly say they would use the same agent in the future.

The Efficient Buyer Saves Resources

Here are some interesting comparisons:

  • IB spend 2.2 weeks, on average, with their agent before buying, while the non-internet buyer (so called traditional buyer) spent 7.1 weeks with their agents.
  • IB previewed 6.7 homes while the traditional buyer previewed a whopping 15.4
  • 81% of IB stay with the first agent they choose to contact

In addition: Continue reading this post


Posted by: Joseph Ferrara on April 24th, 2008 under Guest Bloggers, Market Trends


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