Elizabeth Weintraub • Sacramento Real Estate Agent: August 2008

The Sacramento Market Has Bottomed Out

Anybody who doesn't realize that the Sacramento market has reached the bottom either isn't paying attention or is watching TV soaps. The activity this August has been nuts. Ordiinarly, I will see a spike right after Labor Day, but instead this year it happened mid-August. It's frightening to think what will happen after Labor Day.

Buyers are demanding deals and concessions, banks, reos and sellers are listening. Mutiple offers are the norm. There is no freakin' inventory. We had 14 months of inventory last December and now Sacramento County has shrunk to 3.7 months. Pretty soon those pending sales and closed sales lines on the charts will cross inventory. When that happens, it means prices will go up. And we are closing in on that mark.

elizabeth weintraub sacramento real estate agent in land park

 

elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

Elizabeth Weintraub reviews

 

 

 

Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

The Sacramento Market Has Bottomed Out
share
Anybody who doesn't realize that the Sacramento market has reached the bottom either isn't paying attention or is watching TV soaps. The activity this August has been nuts. Ordiinarly, I will see a spike right after Labor Day, but instead this year… more
At The Kitchen in Arden Park, Sacramento, It's All About the Fresh…
share
If you're feeling in an extravagant mood and find yourself watching too many episodes of Iron Chef -- perhaps daydreaming of becoming a panelist at Kitchen Stadium (not gonna happen, the show is over) -- then I've got just the place for you: The… more
In Sacramento, When Does Three Right Turns Equal One Left Turn?
share
When I turned 18, I bought my first car: a 1960 Chevy station wagon for $75. All my friends were waiting in my apartment for me to pull up in front. My apartment had a big glass window that overlooked the street, so they could see me coming. … more
How Many Homes Should An Agent Sell Annually To Be Considered…
share
It's easy to see how some agents can sell more than 100 homes a year. They hire assistants and other agents to help by forming a team. It's just a personal quirk of mine, but I would never lead a team. For one thing, I don't want to be… more
When that Midtown Sacramento Home is "Just Right, " You Know…
share
It doesn't matter whether I'm showing homes in Land Park East Sacramento or Midtown, when I spot the perfect home for certain buyers, I instinctively know which home is the right home. I suspect most agents have this built-in intuition… more
Guess I was on CBS Radio and Didn't Even Know It
share
My managing broker called me into her office to chat today after our weekly meeting. She said an agent at another Lyon office called her because that agent's client was irate over something I said on a radio interview. I was sort of puzzled because… more
Buyer Sues Lender Over Short Sale
share
I'm certain there are plenty of real estate agents, present company included, who are tickled pink over this development. Seems a lender agreed to a short sale and then tried to back out of the contract. Sound familiar to anyone? Aurora Loan… more
Sacramento Bee Cuts Staff in Half -- Are Newspapers Going to the Dogs?
share
Last night my husband rushed in the door at 6:40 and turned on the TV news. This would not be unusual for most people, but we don't ordinarily watch the 6:30 news broadcast. Well, unless one of us is on the news, and this was one of those times. &… more
Are Sellers Really Saving Any Money By Hiring a Discount Broker?
share
This poor seller from another state just called me to ask if she could hire me to handle her contract negotiations. Seems she has received an offer directly from an out-of-area selling agent on a home she owns in Midtown Sacramento. To save on the… more
Being Organized and Detail Oriented Can Keep You Focused, Even at…
share
I am a stickler for details -- some people might say it's anal to be obsessed with keeping paperwork organized and compartmentalized, but it's actually the way I keep myself sane. It's the decades-old former escrow officer in me, I suppose. All my… more