Rob Saxe's Blog

Homes Available for Sale Continues Decline

The total number of single family homes is down again this month in the Sacramento, Placer and El Dorado county areas.

As of this article, there were 5549 detached single family homes for sale in the 3 county area.

This is down from a high in January of 6538, 1000 fewer homes representing a 15% inventory decrease over the last ten months.

Foreclosures Increase, Banks Holding Back Homes

Read the rest of this entry »

Understanding The Market

The Sacramento real estate market is presenting buyers with challenges at the moment.

This article is about getting better acquainted with our market so that you can make offers in as strategic a manner as possible and finally buy a home rather than just making offers without success.

Education is key to success in any market and the Sacramento real estate market is no exception.

1) The Inventory of Homes for Sale is Low

The banks are in control of the real estate markets nationwide at the moment.

I speak to agents from Maine to Florida to Southern California to the Canadian border weekly.

The story is the same.  There just aren’t as many homes to sell as there were last year.

Lack of inventory creates a “frenzy”,of sorts, the result of which is that homes stay on the market for a very short time.

As of this article, there are 6121 single family homes and condos available in active or active short sale status listed in the MLS.

Read the rest of this entry »

Banks Becoming Easier to Work With

Over the last couple of years, short sales have been nothing short of a complete pain in the butt.

Getting a response out of the bank was difficult and it seemed that they would rather foreclose on a seller than to sell short and make more money in the process.

That seems to be changing throughout the Sacramento and Placer county area.

I just closed a Wachovia short sale in under 30 days from the list date!

While that’s not typical, it has and can be done.

Selling Short vs. Foreclosure

Read the rest of this entry »

U.S. Senate Could Approve This Week

According to an article posted on APP.com, Senator Bill Nelson of  Florida is citing that the tax credit should be extended later in the week through 2010.

Gradual Reduction

Although the tax credit will be extended, it could be reduced gradually throughout the year.

Buyers purchasing from the time of the extension will get the full $8,000 to April 1st.  After April 1st, the tax credit will be reduced $2000 per quarter to the end of the year.

Personally, I think this is a great idea.  It promotes purchases in the otherwise slow selling season and puts pressure on buyers to get their purchases behind them to take full advantage of the tax credit prior to April 1st.

Two Proposals

Read the rest of this entry »

All Sales from 10/1 to 10/15

In comparison to other months over the same time period, October has been a solid month of home sales in the Stanford Ranch community in Rocklin.

Our community has been hard hit with value declines, it’s good to see sales continuing.

13 homes have sold/closed with a median sales price of $285,000 from 10/1 to 10/15.

The average home sold in this time frame is 2318 square feet, priced at $148.11 square feet, 3 bedroom with 2.5 baths.  The average selling price on this home is $337,942 and sold in 55 days.

Searching for home in Rocklin, 95765?  Click here to search all homes available!

Homes for Sale in Stanford Ranch, Rocklin

Read the rest of this entry »

Sales Steady Amid Price Declines

Values all over the south Placer County area have come down dramatically from the highs of 2005 but even since last year the declines in the median home prices have been in the double digits.

Roseville 95661

The up and down nature of home sales throughout Placer County this year has been a story in itself.

Since May in 95661, sales have steadily increased with exception to August, a month when most families are gearing up for school or on vacation.

The median home sales price has declined 18.78% September 2008 vs. September 2009 in 95661. The median home sales price for September 2009 was $268,000.

In September of 2008, the median sales price was $330,000 while this September the median sales price has declined to $268,000.  That seems like a very large decrease in values year over year.  Would someone please stick a thumb in the dyke!?

Roseville 95678

Read the rest of this entry »

Multiple Offers Making It Tough On Buyers

With some buyers making 15 to 30 offers on existing homes throughout the region without getting one accepted, buyer frustration is at an all time high.

I’ve made offers for some of my clients $15,000 to $20,000 over list only to get beat out by either another offer or the listing agents client. ( call me if you have a question on this )

There is one sure fire way to still get a great deal on a home and not compete with anyone in the process.

Sound too much like 2007?  Well it’s here and it’s a strategy that I’m advising all of my clients to consider.

I’ve worked with two buyers who have taken this advice and have been able to comfortably buy a very nice home, in better shape than ANY foreclosed or short sale home on the market.

What is this $64,000 idea?  Read on!

Read the rest of this entry »