IMHO a lot of the housing price increase has to do with Sacramento catching up with the rest of California. Pre-2002-ish, Sacramento was a steal for a large urban area of California. So while prices have been falling, and will continue to, you are not going to find it back where it was pre-bubble.
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Sacramento Home Buyers. One of my Sacramento home buyers that just bought a condo for her son who is attending Sac State told me she read in the SacBee that home prices were going down in Sacramento. As this sacramento home buyer learned while trying to buy a condo and finding that her offer was rejected each time while condo prices went up.
The housing market is back — and a new study shows that prices are where they were before the bubble burst in 2008. Eric Rothenberg has been looking for a home in the Seattle area for the past.
CoreLogic Reports Sacramento Home Prices Back at Pre-bubble Level.. At that time, the median home price in Sacramento County had plummeted to $155,000, about half its current level. Institutional investors such as Wall Street’s Blackstone Group scooped up homes by the hundreds in Sacramento.
Sacramento home prices back at pre-bubble level | The Sacramento Bee. A bi-level home on Armour Court, offered by Lyon Real Estate for $749,000, is pictured in June.
It’s where I live, where most of my sales are, and where I have the most expertise. The Greater Sacramento Region is experiencing pretty much the same thing. Here are a few facts about the Folsom housing market back then: Average days on market was as low as 18; April of 2006, the average price per square foot for Folsom homes hit $271.
Downtown Sacramento Recently Sold Homes Recently Sold Homes in Downtown Sacramento, Sacramento, CA have a median listing price of $699,500 and a price per square foot of $442.
Sacramento Discovers a Housing ‘Crisis’. California home prices went from 30 percent above U.S. levels to more. so prices of existing homes went through the roof. Prices are back up.
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Sacramento home prices back at pre-bubble level It’s official: Homes in the Sacramento area now are worth about the same as before the housing bubble expanded and collapsed last decade. The latest data from CoreLogic show the median price for resale homes in Sacramento County approaching $300,000.