The Latest Happenings on Sacramento Real Estate

402 views

Published on

Sales of foreclosed properties in Sacramento region has seen significant increase in the early months of 2011, thus making the real estate sales grow higher than expected during the last quarter of 2010. This growth in the industry indicates that investor buyers and home owners continue to have full confidence in Sacramento real estate market.

For more information please visit us at http://www.DavidYaffeeTV.com

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
402
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

The Latest Happenings on Sacramento Real Estate

  1. 1. The Latest Happenings on Sacramento Real Estate<br />©www.DavidYaffeeTV.com<br />
  2. 2. The Latest Happenings on Sacramento Real Estate<br />Sales of foreclosed properties in Sacramento region has seen significant increase in the early months of 2011, thus making the real estate sales grow higher than expected during the last quarter of 2010. <br />This growth in the industry indicates that investor buyers and home owners continue to have full confidence in Sacramento real estate market.<br />©www.DavidYaffeeTV.com<br />
  3. 3. The Latest Happenings on Sacramento Real Estate<br />One factor I could tell you why these home buyers / investors prefer Sacramento more than in any counties is that foreclosed home prices in the region are much cheaper compared to other cities. <br />A cheaper home value would attract homebuyers who want to buy properties within their budget, and this led to an increase in average size of units sold.<br />©www.DavidYaffeeTV.com<br />
  4. 4. The Latest Happenings on Sacramento Real Estate<br />Sales on foreclosed homes on the rise<br />In a Mathematical data provided by a local industry researcher, there were 1,343 units of foreclosed properties sold in the first quarter of 2011 alone. This is a huge leap in sales volume compared a year ago.<br />©www.DavidYaffeeTV.com<br />
  5. 5. The Latest Happenings on Sacramento Real Estate<br />During the first quarter of 2010, about 1,176 foreclosed properties have been sold a little bit lower than this year. <br />This 14.2 percent sales increase is due to huge leap in foreclosed property sales, and industry analyst are already projecting that this percentage will continue to increase until the last quarter of 2011.<br />©www.DavidYaffeeTV.com<br />
  6. 6. The Latest Happenings on Sacramento Real Estate<br />Short Sale properties that have been sold increased as well<br />A good significant number of Short sale properties also increased growth in sales volume during the first quarter of the year. In the first quarter of 2010, there were about 286 short sale properties sold but it dramatically increase to 337 short sale properties in the first quarter of 2011. It went up by 17.8 percent compared to the percentage of January last year.<br />©www.DavidYaffeeTV.com<br />
  7. 7. The Latest Happenings on Sacramento Real Estate<br />Sales of non distressed properties fall down<br />Meanwhile, sales volume in non distressed properties was not fortunate though. <br />There were just about 363 non distressed properties sold in the first quarter of 2011. <br />©www.DavidYaffeeTV.com<br />
  8. 8. The Latest Happenings on Sacramento Real Estate<br />This figure was 14 properties less than the first quarter of 2010. <br />This figure is understandable since home buyers and even investors would still prefer to buy foreclosed properties that are considered to be much cheaper compared to non distressed properties.<br />©www.DavidYaffeeTV.com<br />
  9. 9. The Latest Happenings on Sacramento Real Estate<br />Property Home Value decrease<br />The increase in sales volume of foreclosed properties and the lack of potential investors and home buyers, caused the devaluation of home prices in the region’s real estate market. <br />In the first quarter of 2011, the standard value of one square foot was $110.92.<br />©www.DavidYaffeeTV.com<br />
  10. 10. The Latest Happenings on Sacramento Real Estate<br />This is about 6.8 percent less compared to the $118.99 average per square foot amount during the first quarter of 2010. <br />But the reduction in average square foot price was actually good for home buyers. <br />©www.DavidYaffeeTV.com<br />
  11. 11. The Latest Happenings on Sacramento Real Estate<br />It would give them the chance to own a property without spending a lot. <br />With what’s happening, buyers would grab the opportunity to buy a much bigger homes but still within their tight budget.<br />©www.DavidYaffeeTV.com<br />
  12. 12. The Latest Happenings on Sacramento Real Estate<br />Realtor as your guide<br />The above mentioned are just facts and guide about the latest happenings around the real estate market in Sacramento. <br />But if you want to fully know everything in the industry, specially on how to own a property in the region the cheapest way, do make a way to get a trusted realtor for your deals and make sure you hire the most sought after and someone who can be trusted.<br />©www.DavidYaffeeTV.com<br />
  13. 13. The Latest Happenings on Sacramento Real Estate<br />Check out potential realtor on the net and if it is possible, you may ask your friends to refer one to you. <br />Hiring a realtor is the best thing you can do to know how the industry really works.<br />Hire the best among the rest. Find someone who is not after the commission but after your fulfillment and satisfaction.<br />©www.DavidYaffeeTV.com<br />
  14. 14. The Latest Happenings on Sacramento Real Estate<br />David Yaffee is very knowledgeable about Sacramento Real Estate. <br />To get to know more about Sacramento Real Estate, log on to www.TheSacramentoRealEstateListings.com! <br />Visit us now!<br />©www.DavidYaffeeTV.com<br />
  15. 15. The Latest Happenings on Sacramento Real Estate<br />Brought To You By<br />©www.DavidYaffeeTV.com<br />

×