The data says it all. A look at the latest Ryness Report will tell you that new home sales are solid across the board in just about all actively selling communities in Sacramento, El Dorado and Placer Counties.
Pricing is still flat but absorption is clearly picking up. Builder anxiety for the spring selling season seems to be subsiding and confidence in the market is growing.
More evidence to a turnaround is the fact that a very prominent publicly traded homebuilder who vacated the Sacramento Region a few years ago is back. A new division president is once again at the helm and looking to grow the Sacramento Division, including the Central Valley and Reno.
Sacramento foreclosures down 8.8% from a year ago: Foreclosure activity in Sacramento during February fell when compared with the same period a year ago but remained largely unchanged from January, according to figures released Thursday from RealtyTrac, an online foreclosure information company. Full Story
Region home sales up by 16.6%, but prices are down: Homes sales in the four-county Sacramento region were higher by 16.6 percent on a year-over-year basis in February, according to data released Thursday by real estate information firm DataQuick. Average prices were lower from a year ago, however, for all four counties. Full Story
Source: Jim Radler, Senior Marketing Consultant, (916) 784-3329 ext. 11