Sacramento A Seller's Market Again – Nathan Sherman on Fox 40 News

A little over a week ago Fox Dennis Shanahan of Fox 40 News interviewed me to talk about how Sacramento has become a seller's market again. This is something that us in the industry have known for most of the year, but now all the market data is out to support that.

The market analyst's over at Zillow had identified Sacramento as the third hottest seller's market in the country!

You can see the two minute news spot here.

I had the good fortune to have the whole video shot in my upcoming listing at 1210 40^th Street. This is an amazing 5 bedroom 4.5 bathroom home in the Fab 40's of East Sac.

Here is the text summary from the Fox 40 site, but much more was covered in the video.

Real estate website Zillow recently listed Sacramento as the third hottest sellers’ market in the country, right behind San Francisco. San Jose was listed number one.

FOX40 visited with Nathan Sherman of Dunnigan Realtors in Sacramento, who confirmed what the Zillow ranking suggests.

“There is not nearly enough inventory, and buyers are struggling to get a home under contract,” Sherman said of the Sacramento market.

Year-over-year detached resale home prices in Sacramento County have been consistently positive over the past six months, according to DataQuick. The median price in November was $185,000. That is 17-percent higher than the price in November of last year. Potential buyers are finding themselves in bidding wars.

Sherman also said it is not uncommon these days to call a listing agent when a house comes on the market, and learn that the agent already has ten offers in.

People waiting for the right time to buy a home might be well advised to start looking soon, before things heat up even more.

As Sherman put it, “People were waiting for the bottom of the market. That has come and gone.”

http://fox40.com/2012/12/13/sacramento-a-sellers-market-again/

1344 39th Street Just Sold

To complete my Just Sold catch up series, we just closed on 1334 39^th Street in the Fab 40's of East Sac!

This is an amazing 3100 square foot 5 bed, 3 bath home on a large lot. I got my client in contract on this property back in mid-September while the property was still under construction. We just closed on Monday and I was able to hand off the keys to this amazing new home.

Some times in this competitive market we have to get it under contract long before it hits the market...

You can see more details about the home here. 

7001 Pocket Road Just Sold

To continue the catching up on my Just Sold series, 7001 Pocket Road closed last week! This is a great half plex that my wonderful clients wanted in order to be in the right neighborhood to get their adorable daughter into a great school in a couple years. Genevieve Didion Elementary is known as a great school in the Pocket/Greenhaven neighborhood.

There were many offers before we were able to get them under contract. I think the cute family photo in our cover letter help cinch us this deal.

You can see more about the property here.

584 34th Street Starting Construction

The builders have started work on 584 34th Street. This will be an amazing home with 5 bedrooms, 4.5 bathrooms and 3146 square feet that is just steps from McKinley Park.

They expect to be finished with the addition and complete remodel some time in the Spring.

I'll post the floor plans and other details here as the project moves on.

Here is the digital rendering of what the property will look like when they are done with all the work.

905 46th Street Just Sold

OK, it has been over a month since my last post almost a month since 905 46^th Street has closed. I have been very busy and the idea that the holidays is a slow season is again proving to not be the case for me. I'm not complaining, I'm just justifying my neglect of my blog :)

905 46^th Street is a great property that my favorite builders have done a complete remodel and addition to. It fits well into East Sac and it's location just outside of the Fab 40's is perfect.

I have some other projects coming up with these builders and know of many other that will be coming on the market, so give me a call if you would like a home that is pretty much new construction nestled into the old world charm of East Sac.

Click here to see more details about this house.