how much are houses selling for in sacramento?

Asked by Bobmoe12, 95842 Thu Aug 6, 2009

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Colin Bardin’s answer
Colin Bardin, , Sacramento, CA
Fri Sep 25, 2009
$42,600 (LP) - In Del Paso Heights,
Beds: 2 Baths: 1 (1 0) (FH) Sq Ft: 807* Lot Sz: 0.290ac*
Yr: 1955*

North Highlands, CA 95660 * Listed at $60,000
Beds: 2-3 Baths: 2 (2 0) (FH) Sq Ft: 832* Lot Sz: 0.150ac*
Yr: 1963*

There some cheap homes in Rio Linda, and some very cheap condos off of Hillsdale in 95842.
However the majority of these cheap homes have sold already or are pending sale.

Hope this helps.
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Colin Bardin, , Sacramento, CA
Fri Sep 25, 2009
Have you considered mobile homes?

You can get some newer homes that are built at higher codes and are mores sturdy than traditional homes (partly because these homes have to withstand transportation at 70mph!) Here's a range of some homes:
In a Family park:
57,000 3bed/2 bath (den could be made into 4th bedroom) , 1584sq.ft. built in 2000.
22,900 3bed/2bath 960sqft built in 2000 -bank repo Space rent on these are about 485 monthly including water/sewer/garbage.
In Senior parks:
9,800 2bed/2bath 1440sqft built in 1969 - Not a Fixer! Located in Folsom, a beutiful area: $570 space rent
29,900 2bed/1bath 856sqft built in 2001, space rent $460.

There are many more listings like these available. If you're interested in only houses there are still some excellent deals - however inverstors are buying them up quickly. Condo's are another great option, being available at as low as 29,000 with $200 monthly HOAs.
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Jim Walker, Agent, Carmichael, CA
Mon Aug 10, 2009
Bob, the tag below your question read 95842 -- So I did the same thing Dee Dee did but changed my search to August (I didn't want to exactly duplicate her work.)

The nine houses sold (closed escrow) in August to date ranged from $76,000 on the low to $250,000 for the top one.

Four cheap ones were between 76K and 130K. The five nicest were between $195K and $250K

Nothing in the middle.
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DeeDee Riley, Agent, El Dorado Hills, CA
Fri Aug 7, 2009
Hi Bob,

Not sure what area of Sacramento you are referring to so I pulled up statistics for your zip code - 95842. Here's what things looked like there for the month of July:

For all properties (bank owned, short sale, and regular sales) there were 54 homes for sale at an average price of $159,000. There were 30 sold listings with an average sale price of $144,000 and an average square foot price of $108. The sold to list price percentage was 107%. (This means that of those sales they sold on average at 7% over the asking price that was on the listing when it went pending.)

Looking at bank owned - REO statistics there were 16 for sale at an average listing price of $137,000. There were 16 solds as well that sold at an average price of $132,000 and an average square foot price of $105. The sold to list price percentage was 112%. There is obviously a lot of competition among the houses that were selling.

Let me know if you'd like a different zip code and I can pull those up as well. At Lyon Real Estate we have an exclusive program called Trendgraphix that pull all those statistics from the MLS each month. I have the stats by county on my website but we have the capabilty to pull them up by zip code, or by city, and can also get more specific and look at square foot ranges. It's quite fascinating!

Hope this helps,

Lyon Real Estate
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Teri Andrews…, Agent, Auburn, CA
Thu Aug 6, 2009
According to the MetroList Data (the MLS for the Sacramento area) in the City of Sacramento there were 956 single family homes sold in July, the lowest was for $19,900 1b/1ba 360sq ft, the highest $1,133,000. 6bed 5 ba, 4917 sq ft. The avg selling price was $170,211. avg sq ft 1485 The median selling price $143,150. median sq ft 1383.

595 of the listings had been on the market less than 30 days.

If you like to look at data you can use the Trendgraphic link on my website for all different areas and property types, select the menu item "Area Sales and Market Data"

Teri Andrews-Murch, Realtor
DRE 01734030
Direct 530-798-0215
Lyon Real Estate
Auburn Office
0 votes
Anna Boyd, R…, Agent, El Dorado Hills, CA
Thu Aug 6, 2009
There can be $100,000's of thousands dollars difference depending on what area of town, size of home, etc.

If you are a first time homebuyer, and in the under $225k price range, you'll find listings in sought after areas with multiple offers and pickings are getting slimmer all the time.

Anna Boyd - Re/Max Gold
El Dorado, Placer, Sacramento
Ph: 916-813-3534
Lic. # 01043604
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Sue Archer R…, Agent, Palm Harbor, FL
Thu Aug 6, 2009
It depends on the area, the amenities and size of the home. I can give ranges for different locations but there is no easy way to answer you question as asked.

If you are interested in understanding values, I suggest you go to my website, or any of the other realtors websites and sign up on a search for properties that you are considering in terms of area and size. You will start to learn the pricing of homes for the specific area that you are considering.

That's the first step. The next step is to speak to a lender to see what you are qualified for and how much home you can afford. That might help you decided location and size as well. And the last step (which you could do as step 2) would be to contact a realtor and understand the steps to finding a home that meet your needs and be affordable to you. I say that you can contact a realtor first, in that they can help you select a lender that would best represent you as well. (just don't sign up for lending tree or some online lender or you'll be inundated with calls and e-mail spams).

Good luck!
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