Here are a few charts from Trendgraphix that I thought you would find interesting. It shows the amount of homes on the market, the number of pending and the closed sales as of October 2008. The big chart directly below is the non-REOs for sale in Sacramento county, and you can see how the inventory is falling as more sellers remove their homes from the market:
The charts below show the tri-county region of REOs and bank-owned homes on the left versus non-reos on the right. You can easily see where the interest is in today's market. But it doesn't mean that the non-reos aren't a good deal because many sellers are pricing their homes to compete with REOs and short sales. It's definitely a good time to be a buyer in Sacramento.
If you are interested in pursuing a bank-owned home or a short sale, please feel free to call or email me. I have my own inventory of short sale listings and provide expert negotiation for buyers of foreclosures and short sales.
Photo: Trendgraphix
The Short Sale, by Elizabeth Weintraub, coming from Archer Ellison in January 2009.
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Certified HAFA Specialist
My Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available at Amazon.com.
Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
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 Lyon Real Estate.
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.
