Tuesday, October 30, 2007

Sacramento Regional Real Estate Trends for October 27, 2007

Since I'm late and in a hurry, I'll be light on the commentary this week. One noteable milestone was reached this week: the median asking price for a house in Sacramento crossed below the $300,000 threshold for the first time in recent memory. Also, FIT market share seems to be stabilizing. What this means remains to be seen.

Note: The picture on the left is from last night's thunderstorm. I think it captures the mood rather nicely...










8 comments :

Sippn said...

Hey Max, those readers over at Sac Landing are telling me that the Business Week numbers of 40,000 for Sac are valid - are yours off?

Gwynster said...

Touchy >; )

Max said...

Business Week numbers of 40,000 for Sac are valid - are yours off?


My data for the four-county Sacramento area doesn't show that many. From talking with folks on the national scene, they tend to lump Sacto in with the entire Central Valley, so it wouldn't surprise me if that is what happened.

Business Week is almost worthless when it comes to real analysis. You might as well read the Sac Bee. :)

Touchy >; )

I'm staying out of this one! :)

Sippn said...

From near the pond, it must all look like a big rodeo out here!

How'd they miss Atlanta's 100,000+?

UCDMC resident said...

I have been reading this blog for months and just wanted to say thanks.

wrong moves said...

Max,
Could you provide a little insight as to what may be going on with a property?

70075015 was a repo a long time ago. It is now showing as "sold" on 6/20 for 523233 but is relisted for 451250. It now says corporate owned, but from the history it seems like it was repo'd twice.

Thanks!

Patient Renter said...

Max, AB,

Would you be able to dig up some info on this bank owned home that just sold in my hood:

1262 Darling Way, Folsom

Thanks

Anonymous said...

Where do you get graphs like that. I have been doing real estate in Marin County for years and would love to see if there are any available.