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Been busy selling houses but now the Sacramento Real Estate Market Statistics are ready to view by zip code. Simply click Sacramento Home Sales in all neighborhoods. The home sales report for November 2008 is strictly residential single family homes by zip code in the Sacramento County area.
Below is a chart showing the Year-to-Date home sales in all of Sacramento County from January 2008 through November 2008.
The home sales numbers are as follows:
January 2008 – 812 homes sold
February 2008 – 918 homes sold
March 2008 – 1088 homes sold
April 2008 – 1514 homes sold
May 2008 – 1758 homes sold June 2008 – 1939 homes sold July 2008 – 2077 homes sold
August 2008 – 1946 homes sold September 2008 – 2106 homes sold
October 2008 – 2141 homes sold November 2008 – 1692 homes sold
You may have noticed the slight decline in bank owned REO homes for sale but it would appear that there are more on the horizon. Just last week there were quite a few Notices of Default sent to homeowners. Here is a summary of just a few of the areas with Notices of Default:
Elk Grove, CA 95624 had 632 Notices of Default
Elk Grove, Ca 95757 had 618 Notices of Default
Elk Grove, CA 95758 had 647 Notices of Default
Folsom, CA had 273 Notices of Default
With inventory falling 39% in Sacramento this has caused less homes to actually sell and fewer choices to be had. However, since I have been selling mostly Bank Owned foreclosed homes in Sacramento County, I have found the majority of those sales to be in multiple offers.
The homes for sale with less “issues” are attractive to home buyers and therefore these homes get several offers.
With interest rates at all time low, I predict that in January after the holidays, Sacramento will see an increase in home sales. Considering the amount of Notices of Default above, there will be a greater supply of Foreclosure, Bank owned homes for sale in the months ahead.
Competition for bank owned homes for sale is fueled with investors and first time home buyers competing for these bank owned homes for sale. Everyone wants a “good buy” and as a real estate broker, I express that to my clients when making an offer on a bank owned home for sale. However, in the end it is the client who makes the final decision on what they feel comfortable offering. It all boils down to how much you want that bank owned home for sale.
If you are interested in Bank owned, foreclosed REO homes for sale simply click below for the property that you are interested in seeing.
Sacramento Foreclosed Homes for sale
Sacramento Foreclosed Condos for sale
Sacramento Foreclosed Half-Plex for sale
Remember, you can click on Search for Homes 
and chose bank owned homes in all of the Sacramento and surrounding areas. Plenty of 1st time home buyers are approved and ready to buy one of these great deals.
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If you have a real estate question that you would like an answer to, be sure to check out 
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.
Click Sacramento MLS where you can pick any community or city around Sacramento and see homes for sale.or simply click on the search icon and pick the area you are interested in finding a home or condo for sale in .
