Sacramento Region's Real Estate Market Update--It's a Seller's Market!!

      RESALE HOUSING SHORTAGE IN GREATER SACRAMENTO       

Lowest inventory in 20 years for a normal, equity sale market

(SACRAMENTO, CA) – A record low 2,804 homes were left active and available for sale throughout the Greater Sacramento Region on December 31st as buyers remained very busy through the holiday season. The year-end inventory figure reflected 13 percent fewer properties available compared to this time last year and a 44 percent drop since July. It also marked the lowest resale inventory level in over 20 years outside of the distressed era when foreclosures, short sales and flippers were the norm.

Buyers showed their enthusiasm throughout the region at year end, as positive local economic news continued around the job market and affordability in spite of a small bump in mortgage interest rates. Closed escrows in the 4th quarter finished 4 percent higher than an already strong 4th quarter of 2015. New open escrows were 5 percent above last year for the quarter but more importantly, 18 percent higher in December versus last year. Realtor.com, Zillow and other national forecasters have labeled Greater Sacramento as one of the hottest housing markets in the nation heading into 2017. This market information was presented by Lyon Real Estate based upon data provided by Trendgraphix Inc., a Sacramento-based reporting company.

Regardless of the high volume of sales, the average sales price for the region has stabilized and averaged $394,000 for the past 6 months compared to $364,000 last year over the same time frame. This represents an approximate 9 percent increase compared to this time last year and demonstrates that all price points remain consistently active in the market.

Sacramento County continued to see the most activity, with 63 percent of the region’s sales in December and 53 percent of the remaining inventory. Placer County followed as typical, with 21 percent of the sales and 25 percent of the residual inventory. El Dorado and Yolo Counties trailed with 10 percent and 6 percent respectively of December sales as well as 15 percent and 7 percent of the remaining homes for sale. The average sales prices by county were: Sacramento $344,000, Placer $479,000, El Dorado $464,000 and Yolo $448,000.

“No seller should delay if they want to get their best offer into contract in the near future,” says Pat Shea, president of Lyon Real Estate. “Their competition is low and buyers are very eager to get a piece of the New California Dream - an excellent home value in Greater Sacramento.”

The Baxley-Dolder Real Estate Team agrees with Pat Shea's Advice!

If you're thinking of selling your home, NOW'S THE TIME!

Even if a move is not in your future plans, contact us for a

complimentary PROPERTY REVIEW of your home.

                            

Rob Baxley  Email: Rob@RobBaxley.com  Cell: 916-208-3896  Dir: 916-782-0570

Barbara Dolder  Email: B.B.Dolder@gmail.com  Cell: 916-996-0154  Dir: 916-435-8994                                                                  

 You may be surprised at how much your home's value has appreciated!

Guide for Sacramento Area in Winter

YOUR GUIDE TO THE SACRAMENTO AREA DURING THE WINTER

JAN 17, 2017

While this region is lucky enough to enjoy pleasant and mild weather all year long, you might still be experiencing some winter blues. Now that the holidays are over, putting on your jacket to go outside may not have the same charm and magic you experienced in December.

But alas, there is so much to do in the Sacramento area during the winter! From annual events and festivals to cozy wintery activities, these ideas will ensure a pleasant remainder of the season for you and your family.

EVENTS IN JANUARY

Dine Downtown // January 12–22                                                                                            

We are smack dab in the middle of Dine Downtown, a 10-day dining extravaganza that allows foodies and families to enjoy delicious three-course prix fixe meals from participating downtown restaurants. Check out our guide to Dine Downtown 2017 — including an interactive map and description of each restaurant — and join in on all of the fun if you haven’t already!

Sacramento Bacon Fest // January 23–29                                                                               

If you missed out on Dine Downtown, don’t worry — you can get your fill of delicious local food at Sacramento Bacon Fest, a week-long celebration of all things bacon. This festival focuses on pork from pigs who lived healthy and happy lives at farms that value ethical and sustainable food production. The bacon and pork dishes at these events are handmade by Sacramento chefs who care about quality foods. Attend the Opening Party on the 23rd, or the final event on the 29th — the 6th Annual Sacramento Bacon Fest Chefs Challenge!

EVENTS IN FEBRUARY

Davis Winter Concert // February 3 + 4                                                                                      

The whole family will enjoy this lively concert presented by Citizens Who Care. Their 25th annual benefit concert will cover the fun and groovy sounds of “The Golden Oldies”, including rock and roll’s greatest hits and the music that created them — like the blues, R&B, country and gospel. Get your tickets for this fun show at the Davis Musical Theatre Company, knowing that 100 percent of your ticket purchase will support elderly and caregiver programs and services.

Lodi Wine and Chocolate Weekend // February 11 + 12        The 20th annual Lodi Wine and Chocolate Weekend is the perfect way to prepare for Valentine’s Day. Dress up, sip handcrafted Lodi wines, and sample delicious chocolate treats as you travel between 50 local “speakeasies”, also known as wineries. You can win big if you discover the “Golden Ticket” in your complimentary chocolate treat, or by winning the costume contest. Get your tickets in advance for this fun event!                                                  

Davis Stampede // February 12                                                                                         

The 34th Annual Davis Stampede includes a 5K, 10K and Half Marathon. Head to Playfields Park in South Davis on Saturday, February 12 for this exciting race that will help you stick to your New Year’s resolutions!

Sacramento Fashion Week // February 19–25                                                                 

Celebrate local talent at Sacramento Fashion Week, which provides a platforms for designers, models and artists to showcase their work. This event also encourages the economic development of the region by promoting local businesses related to fashion, beauty and the arts. The week kicks off with a launch and boutique showcase on Sunday, February 19 at the Sacramento Masonic Temple. Get your tickets for the fashion shows on Friday, February 24 or Saturday, February 25.

Getty Owl Run/Walk // February 26                                                                         

Participate in the Getty Owl Run/Walk and make a difference in the lives of local families. All proceeds from this charity event benefit Getty Owl Foundation to raise awareness, assist families, and raise funds for research for Spinal Muscular Atrophy, the number-one genetic cause of death for young children. Get moving at Crocker Park at 8:05 a.m. for the ¼-mile kids’ run, or at 8:30 a.m. for the 5K and 10K — rain or shine!

EVENTS IN MARCH

Sacramento Beer Week // March 2–12                                                                           

Sacramento Beer Week is an annual celebration of local craft beer, bringing together the best brewers and craft beer lovers in the area. Be a part of the excitement at the Sacramento Brewers Showcase on March 2, then close out the festivities with the Capitol Beer Fest on March 12! This year, they are expecting nearly every Sacramento-area brewery to be there — and then some. With over 125 breweries, serving over 300 varieties of craft beer, this is the ultimate place to get a taste of the best local libation

Sacramento Spring Home and Garden Show // March 3–5                                        As lovers of interior design and home improvement, we are very much looking forward to the 36th Annual Sacramento Home and Garden Show! This enormous home and garden show will take over Cal Expo for three full days of exciting exhibitors, products, beautiful displays, and more.

Tahoe Snow Festival // March 3–12                                                                                 

Tahoe Snow Festival is an annual tradition returning to North Lake Tahoe for 10 days of events and activities for all ages. Enjoy on-snow events at resorts, and participate in special events, parades, races, parties, concerts, and more. And what’s a festival without wonderful food? Taste the fine food and wine of the region at the many eateries and bars in North Lake Tahoe. This festival is well worth a trip up to the mountains!

Welcome!

Rob Baxley

What’s new in 2017 for Rob & Barbara—The Baxley-Dolder Real Estate Team just got off the ground and running on January 1, 2017.  

After 20 years in the business, Rob finally has a Real Estate assistant in Barbara Dolder. We are both excited about the prospects of working together as we combine our strengths coming from different background experiences. Rob as a Realtor and “Negotiator Extraordinaire”, and Barbara as an experienced “Marketer”, “Artist”, and “Customer Service Pro.”.

Barbara Dolder

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