Sacramento Real Estate Market Report January 2009

Real Estate Market Report

The chart to the right shows Sacramento County, Placer County, El Dorado County and Yolo County single residential home active listings, homes in Pending sale and Sold homes for each of the four counties.
The numbers below each county are inclusive of each of the cities and neighborhoods for that county.
For a breakdown of your particular neighborhood or city, just click on the county you live in and check out your neighborhood real estate market statistics for January 2009.
And if you are thinking of moving or relocating,  studying the market stats for each of the neighborhoods is a good idea prior to selecting your next home.
  • SACRAMENTO COUNTY

The average price a home sold for in Sacramento County in the month of January 2009 was $190,594.  Homes sold for 98.69% of the list price.

There were 1,154 bank owned, foreclosed, REO residential homes sold in January.

  • PLACER COUNTY

The average price of a home sold in Placer County in the month of January 2009 was $313,977 at 98.06% of the list price.

129 homes sold were bank owned, foreclosed REO listings

  • EL DORADO COUNTY

In El Dorado County, the average sold price of a home in January 2009 was $359,440 at 95.50% of the list price.

48 homes sold were bank owned, foreclosed REO homes

  • YOLO COUNTY

And in Yolo County for the month of January 2009, the average sold price of a home was $279,327 which was 97.13% of the list price.

62 homes sold were bank owned, foreclosed REO homes

This month I have noticed quite a few REO homes for sale are listed at a very low price intriguing home buyers into multiple offers resulting in high price sales.  This tactic may backfire and certainly is not well received by the home buyers nor the selling Realtors.

There is quite a bit of inventory on the market. It will be interesting to see what the numbers show at the end of  February.

The numbers I share are residential homes only, it does not include condos or multifamily units.

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If you have a real estate question that you would like an answer to, be sure to check out Ask Real Estate Question and read what other home buyers and home sellers have asked and feel free to ask your Real Estate question by email.   Perhaps, your question will be part of the next article featured on Sacramento REAL Estate Voice. Just ask the Realtor, Gena Riede of Riede Real Estate.

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This entry was posted in Placer RE Stats, Sacramento RE Stats, Yolo RE Stats. Bookmark the permalink.

3 Responses to Sacramento Real Estate Market Report January 2009

  1. There is obviously a hole lot more to look up about this. I think you made some great points in Features also. Keep working ,great job!

  2. Seasons says:

    You you should change the page subject Sacramento Real Estate Market Report January 2009 to something more better for your content you create. I loved the the writing withal.

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