Home Sales Continue at Brisk Pace as Buyers Take Advantage of Favorable Prices and Other Incentives During Second Quarter

Aggressively priced new construction and bank-owned properties attracted additional homebuyers to Placer County in the second quarter of 2009 as home-builders and banks continued to work off excess inventory, according to a report by the research division of Prudential California Realty based on an analysis of MLS Data.

Sales of existing single-family detached homes climbed 35 percent from 762 closed sales in the first quarter to 1,030 in the second quarter of 2009 - a pace that was just 6 percent lower than the 1,094 closed sales recorded during the second quarter of 2008.

The number of closed sales increased or remained unchanged between the first and second quarters in all seven of the county’s local real estate markets but fell on a year-over-year basis in four. Roseville led the way with 393 sales in the second quarter, followed by Lincoln (253), Rocklin (183) and Granite Bay (79), which was second only to Newcastle (+57) in year-over-year sales gains with a 56 percent improvement.

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If you would like to know more specific information about the value of your home or are thinking about buying in Placer County, give us a call at 916.759.1699 / 916.580.5999 or email us.

You can SEARCH MLS Listings In Placer County at your convenience. SIGN-UP for FREE MLS Listing Notifications and you will be emailed new listings that meet your specific criteria for properties for sale in all neighborhoods. This is a great way to stay informed of the hottest listings and have an edge on the competition because you’ll see Placer County listings before everyone else!

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Favorable Prices, New Tax Incentives Set the Stage for Active Spring Home Market in Placer County

Homes spent fewer days on the market before sale across Placer County in the first quarter of 2009 as home-builders and banks continued to work off excess inventory, thereby boosting sales by 6 percent over a year ago and setting the state for an active Spring housing market that is expected to benefit from new tax incentives for homebuyers.

Move-up buyers and qualified investors bearing cash took advantage of an overall 18 percent year-over-year decline in the median price of a home sold during the first quarter of 2009, according to a report by the research division of Prudential California Realty based on a analysis of MLS data.

Favorable pricing caused sales to increase in all seven of the county’s real estate markets. Leading the way with a 57 percent year-over-year increase in home sales for the quarter was Newcastle, followed by Auburn (+11%), Rocklin (+9%), Loomis (+6%) and Roseville (+5%). Homes spent less time on the market, averaging 71 days before sales compared with 79 days a year ago.  Click on the image below to read this article in it’s entirety.

If you would like to know more specific information about the value of your home or are thinking about buying in Placer County, give us a call at 916.759.1699 / 916.580.5999 or email us.

You can SEARCH MLS Listings In Placer County at your convenience. SIGN-UP for FREE MLS Listing Notifications and you will be emailed new listings that meet your specific criteria for properties for sale in all neighborhoods. This is a great way to stay informed of the hottest listings and have an edge on the competition because you’ll see Placer County listings before everyone else! 

 

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Homebuyers Take Advantage of Favorable Home Prices in 2008

Growing numbers of move-up buyers and qualified investors took advantage of declining home prices, fueling a 34 percent increase in the number of single-family detached homes sold in Placer County during the fourth quarter of 2008 compared with the same period of 2007, according to a report by the research division of Prudential California Realty based on an analysis of MLS Data.

Lincoln led the way with a 52 percent over-year increase in home sales for the quarter, closely followed by Loomis (+44%), Roseville (+35%), Rocklin (+28%) and Auburn (+22%). Granite Bay (-6%) was the only Placer County market to experience a decline in sales, while sales in Newcastle remained unchanged from the year-ago period. Click here to continue reading this report.

If you would like to know more specific information about the value of your home or are thinking about buying in Placer County, give us a call at 916.434.6455 or email us.

You can SEARCH MLS Listings In Placer County at your convenience. SIGN-UP for FREE MLS Listing Notifications and you will be emailed new listings that meet your specific criteria for properties for sale in all neighborhoods. This is a great way to stay informed of the hottest listings and have an edge on the competition because you’ll see Placer County listings before everyone else! 

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