I'm a little tardy on getting these stats out now but better late than never right?Â Here's October's data for the neighborhoods:
AllÂ "SOLDS"Â dataÂ for the 95826:
34Â Â Sold Single Family Homes.
Average Square footage:Â 1,435
Average Listing Price:Â Â $190,009
Average Sales Price:Â Â $184,753
Median Days on Market:Â 32 days
High Sales Price:Â Â $295,000
Low Sales Price: $103,000
College Greens/Glenbrook "SOLDS":
17Â Sold SFR's
Average Sq. feet:Â Â 1,417Â
Average List:Â Â Â $216,841Â
Median DOM:Â 33 days
17 Sold SFR's
Average Sq. feet:Â Â 1,453
Average List:Â $163,176Â
AverageÂ SOLD:Â Â Â $159,171Â
Median DOM:Â 32 days
As of Today (October 23, 2010) here's a snapshot of both markets:
College Greens/Glenbrook:Â 37 Active listings,Â 20 Active Short Sale/Contingent,Â 18 Pending.
Rosemont:Â 47 Active listings,Â 58 Active Short Sale/Contingent,Â 31 Pending.
Doug's Take:Â Sales in the neighborhoods actually picked up a bit again in October compared to September.Â There are buyers out there but not nearly as many during the spring tax credit peak.Â Also, the sales that are closing have been for less money than in the spring.Â The buyers are bargain hunting more now than when there was huge buyer competition.Â The homes that are in good condition and come on the market just below the market value are the ones selling.Â Properties coming on the market a bit high are sitting with very little showing activity.Â Interest rates are still incrdible so this amount of sales should stay but not close to the sales pace of the spring.Â If you are listing a home between now and the spring, price it right from the beginning!! or youÂ will be regreting it months later.Â Buyers are going to find some great deals this winter all over the Sacramento area.Â Funny thing is, most buyers don't buy in a buyers market.Â Think about it, they wait until everything has bottomed out again and prices are going back up and then there's tons of competition.Â I would be licking my chops if i was going to be buying this winter.Â Options are going to be available, prices are done free falling and just easing to a flat spot now, interest rates are fantastic!
Call or e-mail me if you are looking to buy or sell in the 95826.Â Check back each month for the updated statistics as i keep a close eye on the 95826 (live in and am also a landlord).Â Let me know if there are any particular properties you have questions about.Â Have a Happy Thanksgiving!!
_ doug reynolds