Most everybody knows that in the ZIP 95816, there are more homes represented than those simply in Midtown. That area expands into East Sacramento, past Alhambra and up to 39th Street. So, when you look at Midtown numbers by ZIP code, it includes a few more homes outside of the grid.
However, there is little inventory in Midtown right now. August numbers show the number of homes for sale has dropped to 45, with 10 pending sales and 12 closed sales. If they are priced right and in good condition, homes are selling. See the Trendgraphix chart below:
Interest rates are very attractive, under 6%, and my mortgage rep at Vitek can preapprove buyers over the phone (with no obligation) and get me the preapproval letter within 30 minutes. So, if you're sitting on the fence wondering if you should buy before you're priced out of the market, find an experienced real estate agent who knows Midtown and get moving on it.
Source: Trendgraphix
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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.
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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.
Elizabeth
That is great news knowing that anything stagnant does not exists in Midtown.
Sincerely
Tom Braatz
Hi Tom: Well, except for one of my listings, which requires a great deal of work. But I could be receiving an offer on that today. Suddenly, it's a hot commodity.