Like the rest of Sacramento, the Greeenhaven / Pocket areas in ZIP 95831 have experienced more than a 50% drop in inventory (homes for sale) over the past 15 months. From a high in August of 2007 of 130 homes, the inventory has plunged to only 64 homes for sale in August of 2008.
Pending sales and closed sales have continued to climb from January of this year forward and then dipped in August. We often see a resurrection of sales in September and a renewed interest after kids go back to school, so it's possible that dip could be reversed. Of course, if more foreclosures hit the market, that will change everything. These are interesting times, wouldn't you agree?
Source: Trendgraphix
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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 Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.
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.
