Designs Within Reach 2014
Thanks to some big thinkers and talented designers, our region’s architectural profile is poised to rise in the next few years, both literally and figuratively. Here’s a preview of some of our faves.
The Barn - Estimated Opening: Spring 2015
Read more … Designs Within Reach 2014
Best School Districts for Your Buck in California
March 30, 2015
Davis Joint Unified is one of the highest-performing school districts in the state with a SAT average of 1756 and a graduation rate of 97.5%. Home values in this city west of Sacramento hover at about $546,000, which is on the higher end of our top 10. The district has 21 schools, including Davis Senior High and Da Vinci Charter Academy.
Read more … Best School Districts for Your Buck in California
The Salary You Must Earn to Buy a Home in 27 Metros
Sacramento is more affordable and a wonderful place to live if your dreams of owning a home have been dashed in other parts of California.
‘STARBUCKS EFFECT’ is Said to Give a Jolt to Home Prices
Great article on the "Starbucks effect" –Kim
Zillow chief economist Stan Humphries has this advice for homebuyers: Watch where Starbucks opens and buy a house close to one of the ubiquitous coffee shops.
The reason, he said, is that homes within a quarter mile of a Starbucks tend to rise in value faster than homes outside a quarter-mile radius. , head analyst for the online real estate tracker, calls it the “Starbucks effect.”
It's Back to Business for Sacramento Home Sales
January new escrows jump 44% over December - February 10, 2015
The seasonal slowdown for resale homes in Greater Sacramento has ended quite abruptly as new escrows in January jumped 44 % over December totals. Closed sales for the month were down 36% over December which was largely attributed to sluggish new escrow figures during the months of November and December. This information was provided by Trendgraphix Inc., a Sacramento based reporting company and reported by Lyon Real Estate.
“People are seeing an economic resurgence in our community and reading all the good news,” says Pat Shea, president of Lyon Real Estate. “Buyer activity is heavily based upon consumer expectations and everything just looks exceptionally positive for Greater Sacramento.”
Active and available homes on the market in the four county region ended January at 4,092. This marked the lowest total since last February and rested 34% below the 2014 high number posted in September. This left a mere 1.8 months of inventory at the current rate of pending sales. Listing numbers are expected to rise by spring however, years of purchases and refinances at low interest rates may keep supply moderate throughout 2015.
The statistics show that 48% of the current inventory is below $350,000, where 62% of the new sales for the entire region occurred last month. A further look also revealed that 42% of the inventory remained in the $350,000 - $750,000 price range where 35% of the sales occurred.
“The entry level and move-up selling season is well underway,” says Shea. “A sustained stability in the median price, hovering near $300,000 and interest rates at or below 4% have buyers back on the move. The upper-end typically gets off to a slower start but rest assured that all of the positive economic metrics have Greater Sacramento positioned for another banner year for homes sales in all price points.”