Posts Tagged ‘Sacramento’

Sacramento Foreclosure Listings

We’ve put up a new section on the web site dedicated to listings of Sacramento foreclosures. Here we have a complete list based on the MLS that we’ll update every week or so of bank owned properties (also known as REO or “Real Estate Owned”) throughout Sacramento County. Those areas with no foreclosures in inventory don’t appear here — those that do are arranged in order from the areas with the most foreclosures on top, on down.

The current page is a kind of “browse” interface, but I may also put together a minimal sort of search interface on top of this as well, probably featuring price range and area to start out with.

As far as I know this is the only complete and free list of foreclosures available in Sacramento. All the properties here are listed in the MLS and so are available to buy now.

The queries are a tad on the slow side but are not too bad. If it gets too painful I may go ahead and do some tweaks to optimize that. Let me know if you have any problems using the list — otherwise enjoy! Let me know if there’s any particular statistical data that might be useful, and if it’s not too heavy on the rocket science I’ll put it together.

Sacramento Bank Owned Properties

The table below shows the bank owned properties that are currently listed in the MLS for Sacramento County, sorted by the area with the most foreclosures first. All of these have already been foreclosed on by the bank and we can assist you with the purchase of any of these homes. The average price for these real estate owned properties is given in the last column.

We will have listings available on the web site soon!

Area Name Zip Code Available
Bank Owned
Properties		 Average
Price
Sacramento Franklin Freeport Vicinity 95823 262 $233,051
Sacramento Florin & Vicinity 95828 172 $254,331
Elk Grove 95758 160 $341,492
Elk Grove 95624 145 $370,827
Sacramento Antelope 95843 143 $281,167
North Sacramento Natomas Del Paso Heights 95838 142 $194,927
Sacramento Elder Creek Fruitridge 95820 132 $182,793
North Highlands & Vicinity 95660 120 $197,152
Sacramento Foothill Farms 95842 117 $202,677
North Sacramento Natomas Del Paso Heights 95835 113 $366,614
Citrus Heights 95621 100 $236,818
Elk Grove 95757 89 $406,483
Ranch Cordova Gold River 95670 89 $246,705
Sacramento Arden-Arcade Creek Vicinity 95815 87 $179,746
Sacramento South Land Park Greenhaven 95822 84 $215,544
Sacramento Elder Creek Fruitridge 95824 72 $194,735
North Sacramento Natomas Del Paso Heights 95833 67 $273,160
Sacramento Rosemont College Greens Mayhew 95826 64 $249,733
East Sacramento & Vicinity 95817 63 $181,183
Sacramento Franklin Freeport Vicinity 95832 58 $271,711
Galt 95632 55 $293,554
North Sacramento Natomas Del Paso Heights 95834 52 $312,382
Citrus Heights 95610 49 $289,350
Carmichael 95608 45 $307,169
Sacramento Florin & Vicinity 95829 42 $387,348
Folsom & Vicinity 95630 42 $415,254
Sacramento Arden Arcade Creek Vicinity 95841 40 $218,766
Orangevale 95662 39 $302,791
Sacramento Rosemont College Greens Mayhew 95827 39 $262,569
Sacramento Arden Arcade Creek Vicinity 95825 37 $189,177
Fair Oaks 95628 35 $356,949
Sacramento Arden Arcade Creek Vicinity 95821 33 $256,943
Rio Linda 95673 33 $249,383
Sacramento Arden Arcade Creek Vicinity 95864 15 $345,000
Rancho Cordova 95742 14 $484,121
Elverta 95626 11 $227,809
Sacramento So Land Park Greenhaven 95831 11 $343,882
Mather 95655 10 $364,690
Rancho Murieta 95683 10 $456,590
Sacramento Land Park Curtis Park 95818 7 $386,986
East Sacramento & Vicinity 95819 5 $459,760
Sacramento Florin & Vicinity 95830 4 $589,825
Wilton 95693 4 $771,950
Walnut Grove 95690 2 $367,300
Sacramento Downtown Midtown 95816 2 $449,900
Sacramento Downtown Midtown 95814 2 $323,900

Sacramento Real Estate Market – Downtown Sacramento (95814)

Metrolist MLS designates two areas as comprising “Downtown / Midtown” in Sacramento, 95816 and 95814. (To see which is which, you may find the zip code maps we’ve published elsewhere, for 95814 and 95816, to be of use.)

Today we look at 95814 by itself, which we have to do with a grain of salt. The reason is that the numbers of homes sold in this area are in general far too low to allow much in the way of generalization, much as you couldn’t guess the average height of the American male either by a single basketball player or horse jockey.

Nevertheless, for the sake of those who live there, we’ll report that this year’s nine sold units was an improvement on the the twelve-month average of four units sold per month. There are fifty-five units in inventory, which works out to a little over fourteen months worth. Only one of the four is an REO, giving us a charmingly low foreclosure rate of 1.8%, but again, remember, our overall sample size is low even at 55 actives.

The average home that sold in 95814 in July sold for $465,737, or about 97% of the average list price of $480,717. The median sale price was $475,000.

East Sacramento Real Estate Market Flourishes

I recently congratulated my friend Susan when she closed escrow on a beautiful home in East Sacramento. At the time I told her about some earlier articles I had written about East Sacramento in general and the fabulous forties in particular, and told her about the sense I had that East Sacramento was a sort of a market anomaly — in a really good way — in that in the midst of falling prices elsewhere in Sacramento county, East Sac was holding its own quite well.

July’s numbers certainly bear this intuitive feeling out in a really big way. East Sac is doing quite well indeed. While the average price of a home in Sacramento County fell 7.4% from July of last year to this July, the average price of a home in East Sac rose an incredible 18.5% during the same period, from $468,094 to $554,571. To be sure, this year’s “average home” was a good deal bigger, but even adjusted for square footage, the sold price per square foot did a little better than staying relatively steady. It actually rose 7/10 of one per cent from July to July (when on larger homes you’d expect it to fall just by virtue of bigger sizes). So while greater Sacramento County’s sold price per square foot fell 9.5%, East Sac’s actually rose slightly.

At the same time, many other market indicators show East Sac going strong. Days on market actually decreased during the period, from 54 days on average last year to 38 days this year. The expired to sold ratio, which stood at a “buyer’s market” 66.8% last July, was down to 17.4% this July. At the same time the ratio rose in the county from 80.5% to 103.7%. Similarly, inventory in East Sac down to 3.91 months, compared to a county-wide average of 10.7 months. While unit volume dropped 47.3% county-wide, it rose 43.8% in East Sac.

So we have:

  • Low inventory
  • Rising prices
  • Falling expireds
  • Rising unit sales volume

Hey, I remember something like that. We used to have something like that in 2004 or so. What was it we called it again?

Oh yeah, I remember: Seller’s Market!

Sweet.