Right now there is very little inventory in the market in East Sac as well as all the other neighborhoods in the greater Sacramento area. I’ve been telling clients for a while that we are at what seems like a historically low level, but I hadn’t taken the time to research the numbers. I just knew that having only 26 active residential listings in the East Sac/River Park neighborhoods is the lowest that I’ve ever seen it. Looking at the current listings I see that out of those 26 Active listings only 12 of them are properties that were listed in January. The other 14 are properties that have been on the market for a long time due to unrealistic price, poor location or condition or some other factor. Out of those 12 active January listings, 8 of them are less than a week old and are probably just wanting to have 7 days of market exposure before reviewing offers. Taking a look at it from a different direction I see that we have 46 Pending Sales in East Sac/Rive Park. 5 of those are long close time and have been Pending for a while, but the other 41 are properties that went Pending since the start of January. Most properties are going Pending within 2 weeks of being listed for sale. It is so tempting for me to go down the rabbit hole of data to find out how we compare with the low inventory records of the past (95816 and 95819 has a lower inventory today compared to January 2013 which was our historic low point for the county), but I’ve got to get back to work to help my buyers fight to get their offers accepted and help my sellers pick which of the multiple offers to accept on their listing. I don’t like using what I consider cliché terms for the industry, but this sure is a great time to list a house for sale. It’s a much harder time to buy one...
Read More31 River Bluff Lane Just Listed in Carmichael
I’ve just listed a great property at 31 River Bluff Lane in Carmichael. It is a three bedroom, two and a half bath home listed for $550,000. I was able to help the owners transform it from a heavily wallpapered and dated looking home into a stunning beauty by working with several contractors. Since they were unavailable to manage the contractors directly, I worked with several contractors to get bids and after the owners selected which ones to work with I helped with access and updates along the way. Seeing the transformation and hearing the feedback has been greatly rewarding. Here is the listing description:You’ve found the perfect oasis in the gated community of Riverwood. This highly sought after floor plan with a ground level master suite is in a quiet interior location. The living room has vaulted ceilings, a gas fireplace & lots of light. Enjoy a large kitchen with a breakfast nook & seating area. You can access to your two private patios from the kitchen, dining room, living room or master bedroom. The lush grounds with many trees turns your patios into the perfect outdoor living spaces.Riverwood has two pools, a tennis court and wonderful views and access to the America River to call you out to play in the great outdoors. Here are some of the links to the properties listing and all of the details about it:The properties own website. The listing on the local MLS client page. The listing on my own website, www.east-sac.com. The general MLS...
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