Did you ever think 2020 would get here? Well, 2020 is here. Happy New Year and I wish you great prosperity this year!
The Sacramento residential real estate market is maintaining. That is, no price declines are showing yet. And we are just getting through the traditional slow months of December and January. It may take longer to sell right now; but the market prices are hanging on strong is the story.
The other story is that rents in the Sacramento market continue to go up. I have rented out several homes in the slow months of November and December, and there were multiple quality applicants. Rent prices going up translates to stronger sale prices.
The data: Sales have declined through Year End 2019, however, so has the number of listed homes. The average price per square foot sold in this region has remained stable for 7 months at approximately $243/sf.
Realty Plus is a full service real estate company. It is a small company with two brokers (Michael Gesner and Naeem Syed), and just a few agents (Cora Allison, Minha Javed, esq., and Ras Siddiqui). We look forward to working with you.