Tuesday, March 03, 2009

Sacramento Real Estate Picking-up Steam

I have been watching and experiencing a steady increase in real estate activity around the Sacramento area. We have a number of new listings, several of which are on fire. Yesterday I listed a great home in a downtown Sacramento neighborhood, 1324 35th Street. The agent “hits” on MLS has been very high and the phone has been ringing non-stop. It is an unfortunate Sacramento short sale but will make a new buyer very happy.

The other property that is hot is another short sale but this one is in Newcastle on over 4 acres. We had an accepted offer which is being reviewed by the seller’s lender but they had to back out because they could not obtain financing. We put it back on the market yesterday and can’t keep up with the requests for more information.
Although the Sacramento listing on 35th Street and the home and acreage in Newcastle are so different they have two striking similarities. First they are priced aggressively and as important they are both beautifully maintained homes with loads of curb appeal, charm and are both move-in ready. No matter what you hear about the market and the economy, price a great house right and they will come!

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