Focus on Newcastle
Now that my categories have no place on this blog
I’m going to focus on little towns and cities close to Sacramento. Lately I have met quite a few people who like Sacramento but would prefer to live a little distance away from it. They work in Sacramento, so they prefer the place to be within driving distance, but they also like the rural look of the outlying areas. The acreage is also preferred.
Newcastle is one such city. Just 30 minutes from downtown Sacramento on Highway I-80, it has breathtaking views and rolling hills. At an elevation of just over 1000 feet, it is slightly cooler than Sacramento.
That being said, the median value of homes in Newcastle are much higher than those in Sacramento. 34 homes sold last year for a median value of $641,000 after an average 86 days on the market. This year (so far) 29 homes have sold for a median value of $672,000 - an indication that the market slump really is relative to certain areas and certain price ranges. Newcastle saw an appreciation of 4.8% in its prices.
9 more homeowners have accepted offers on their homes. But if you’re looking to move to Newcastle, there are 44 homes still to choose from between $259,900 and $4,600,000. In this market, you can also find some great discounts on REOs - bank owned properties.