Sacramento Area Home Prices Update
Sacramento housing, overpriced by 78 percent at the height of the housing bubble to undervalued by 4 percent. So says real estate website Trulia, who recently completed a review of 100 metro areas to determine values for the first few months of 2014.
According to Trulia San Francisco and Los Angeles are overvalued while the valley cities of Sacramento, Fresno and Bakersfield are undervalued. The Trulia report uses such factors as income, rents and home price trends.
The increases in prices by 20 to 30 percent we have experienced here in the Sacramento area since 2012 was, according to Trulia, a price correction of home values which had fallen too low. In addition the mix of properties with a high percentage of distressed homes and investors looking for bargains evolved to fewer distressed properties and more traditional buyers. This has helped get values to where they are today.
Other real estate experts are saying home prices in the Sacramento area have leveled out despite low inventory and this means prices are not expected to increase dramatically as they did the last two years. We appear to have reached values and prices which are close to what buyers can afford and are willing to pay. This is providing some stability to our Sacramento housing market and as a real estate agent is feeling good.
If you or someone you know is considering buying/selling or both and have questions about the market and if now is the right time, feel free to contact me. I can be reached at the MagnumOne Realty office in Roseville (916-899-6571) or by email to email@example.com.
Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.
Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento
Placer County News HeadlinesRob McAllister Joins Halldin Public RelationsROCKLIN - Longtime Sacramento news reporter Rob McAllister, who became well known for his reporting at both KFBK 1530 radio and KOVR CBS 13 television in Sacramento
Roseville Burglars Evade PoliceRoseville, CA - Police officers searched the Crescendo Drive area extensively today after a resident reported an attempted burglary
Newcastle Resident Elected Region Governor of SoroptomistJacqueline "Jackie" DeMartini, of Newcastle, California is serving a two-year term as Sierra Nevada Region Governor of Soroptimist, an international volunteer organization for women.
10 Year Old Girl Abducted in CarmichaelAt approximately 3:00AM, an unknown white male adult entered a residence through an unlocked door and removed a child under the age of ten years old from the residence against her will.
Writing Your Life Story Workshop September 13thBud Gardner, co-author of Chicken Soup for the Writer's Soul, part of the New York Times best-selling series, will conduct a workshop, How to Write Your Life Story, on Saturday, Sept. 13th
Jessup Gala to Celebrate 75th Anniversary on September 20thROCKLIN, Calif., - William Jessup University will host the Jessup Gala on Saturday, September 20 from 6-9 p.m. The dinner and program festivities raise funds for student scholarships.
Brandman University Adding Roseville LocationRoseville,CA -- Brandman University will be locating at 400 Sunrise Blvd. The 9,182 square foot tenant improvement is valued at over $300,000.
Roseville California Crime Brief (8.31.14)Roseville, CA - Roseville California crime brief update report for August 31, 2014.
Acura ILX: Luxury Vehicle, Reasonable PriceFor car shoppers looking for an upscale luxury sedan that doesn't arrive with a luxurious price tag, Acura debuted the ILX a year ago and its back for 2014 virtually unchanged
People with Autism Especially VulnerablePerhaps like you, recently I read of an incident in Okeechobee, Florida, in which an 18-year-old man was recorded on video beating, choking, kicking, and holding a knife to the throat of a 16-year-old boy with autism.
54 Year Old Roseville Woman Killed with Own VehicleRoseville- 54-year-old Bernadette Ann Richardson was killed when her SUV rolled backwards as she was retrieving a bicycle from her 1997 Ford Explorer.
Photos: Napa Earthquake DamageWe recently had the opportunity to tour Napa following the magnitude 6.0 earthquake. The downtown area of Napa which contains many older buildings was hit especially hard.