Recap of Sacramento's Housing Market in 2013
Download as PPTX, PDF
0 likes1,796 views
What happened in Sacramento County real estate in 2013? Let's take a look at some visuals. You'll see median price, inventory, interest rates, unemployment, etc... The market was on "steroids" so to speak.
Recap of Sacramento's Housing Market in 2013
- 1. 2013 Real Estate Recap Sacramento County Ryan Lundquist Certified Appraiser TEL 916-595-3735 www.SacramentoAppraisalBlog.com
- 3. Other 2013 Market Tidbits Inventory hovered around one month for half the year. Money was very cheap to borrow. Offers became aggressive as inventory dried up. There were issues with low appraisals. There were also many properties that were overpriced. New Construction re-emerged The market flattened out around July. Investors began to exit the market after Q2 2013. The market was driven by investor cash, historically low interest rates and absurdly low inventory (all these things have changed, so 2014 is poised to be a different market). 息 All rights reserved 2014 www.SacramentoAppraisalBlog.com
- 4. Median Price: $240,000 in January 2014
- 6. Inventory: 2.6 months in January 2014 Inventory was under 1.2 months for 15 months straight through May 2013. This helped propel values upward.
- 7. Interest Rates Historically low interest rates helped drive values upward.
- 8. Foreclosures & Short Sales The market used to be driven by distressed sales, but thats not the case any longer.
- 9. Unemployment Rate: 7.7% in Sacramento County
- 10. Cash Investors Cash sales have declined by 15% from its peak in 2013. The market is no longer driven by cash.
- 11. FHA Buyers FHA sales saw a massive decline in 2012 and 2013, but have since begun to increase again.
- 12. The layers of the market at work
- 13. The Smell of a Seasonal Market January saw the lowest number of sales in the past six years. BUT January always has a lower sales volume and there are currently 2000 pending listings.
- 14. ? Questions? Ryan Lundquist TEL 916-595-3735 ryan@lundquistcompany.com www.SacramentoAppraisalBlog.com Thank you for your time today.
Editor's Notes
- #2: This presentation demonstrates the new capabilities of PowerPoint and it is best viewed in 際際滷 Show. These slides are designed to give you great ideas for the presentations youll create in PowerPoint 2010!For more sample templates, click the File tab, and then on the New tab, click Sample Templates.