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Market Conditions in Citrus Heights : Real Estate Advice

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  • Local Info2
  • Home Buying32
  • Home Selling0
  • Market Conditions2

Activity 2
Sat Dec 26, 2009
Jim Walker answered:
To attract renters with good credit and good income you should have a house that is good enough for the choosiest owner occupant buyer

. In November I sold a new 4 bedroom home in a new subdivision in Roseville to an investor for about $309,000.. My investor had several tenants to choose from offering to pay between $1800 and $1950 per month. He took the lower offer because the renter had the highest credit score.

So based on that anecdotal experience and related research for him and other ongoing clients, I would estimate:

a very nice 4 bedroom house $1700 to $2100

a very nice 3 bedroom house $1400 to $1800

Many other factors are involved such as location, amenities, conditions just as would be for an owner occupant.

click my profile in the upper left corner then send me an email if you would like an in depth answer to your questions.
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Sat Sep 13, 2008
Erin Stumpf (Attardi) answered:
Hi Patty,

If you are referring solely to 95610 in Citrus Heights, here are the stats per Trendgraphix (which compiles facts and trends using MLS data);

-Average DOM in May 2008 was 37 (down from 60 days in April)
-Average Cumulative DOM (total days from all listings/re-listings, etc) was 89 days (up from 77 in April)
-Average selling price vs original listing price was 96% (up from 91% in April)

If you want data from 95621;
-Average DOM in May 2008 was 49 (up from 46 days in April)
-Average Cumulative DOM (total days from all listings/re-listings, etc) was 78 days (down from 80 in April)
-Average selling price vs original listing price was 93% (same in April)

If you would like me to email you some graphs for the data I am referring to (which will show you the trends over the last 14 months, just drop me an email by clicking on my profile.
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