Sacramento County, CA Real Estate News

By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
203k consultant Sacramento AreaLooking for a c onsultant that knows the program inside out and has more experience than all the others... give us a call. FHA 203k consultant with over a thousand completed projects in Sacramento and the surrounding area. We know a whole bunch of good contractors and the lenders who can close 203k loans fater than most. If you are looking for a consultant in the area click here. If you want to get prices on your project click here. A question we get daily. What is the cost of your services. The project size determines the amount of our fee so to answer that question click here. All of the links above go to the same place. So think of us when you need to find a 203k consultant in the Sacramento area. Every client is like "family" we'll take good care of you.
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
There has been a lot of discussion regarding higher interest rates slowing the real estate market.  I just do not see the evidence of it in the Elk Grove Market.Elk Grove, April 2022The median and average prices are up just over 23% for the year.  The median price is up from $644,000 in April or 6.3%.  The average price is up from $685,879 or 2.5%.  Either way, that is a big increase in pricing for one month.  As you can see, continuous days on market has changed a bit and buyers are not paying quite as much over asking price as last year. I did put my house on the market last week.  It went on the market on Friday and it went pending on Monday.  Houses are still selling quickly.  I do not think what we are seeing is surprising.  When interest rates start rising, many times it spurs buy...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
I want to take this opportunity to honor and pay tribute to all mothers everywhere!  Without your nurturing hands, the generations would not, or could not continue. I am hopeful on this special day, mothers will be able to spend time with family or loved ones. If not in person, at least though some form of special communication!
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
We put our home on the market last Friday, held two open houses over the weekend and accepted an offer Monday evening.  There was a lot of interest in our place with multiple offers.  Two offers were particularly strong and almost identical.  It made our decision very hard and it was tough being the bearer of bad news to one of the buyers.  The agent called me and asked, "What did I do wrong?"  I had to answer, "Not one thing."  It is just that kind of a market.  An agent and his client can do everything right and still come up just a little bit short.  We feel very fortunate that our home went pending so quickly and hope the rest of the transaction goes smoothly.3412 Babson Drive 
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Our house goes on the market in about two weeks and one of our big projects to get accomplished before putting it on the market was getting our pool tile cleaned. We have some very hard water in Elk Grove.  Believe it or not, the build up on our tiles happened in just two years.  The tile is only two years old!  We did try to maintain it.  We purchased pumice stones and rubbed until we only had little nubs left.  It helped, but only by about 50%.  I didn't think there was much I could do, but a friend recommended Hess Tile Cleaning to me. They drained about 6 inches of water from the pool and then blasted the calcium deposits off the tile with little glass beads.  It is pretty amazing how well the process works.Hess Tile Cleaning in ActionDavid Nieves and Austin Hess did all the work. T...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Elk Grove continues to experience solid price growth.  The median home price is up 20.9%, year over year, and has risen 2.2% from February's $650,000 number.  Interest rates have not slowed the market down so far.  There has been a bit of an uptick in continuous days on market, but the overall number of days on the market is still low.  It makes sense as qualified buyers move quickly to purchase a new home to avoid even higher interest rates in the future.  This is very similar to what happened last year when prices rose very quickly in the first half of the year, then flattened out over the last half of the year.Real Estate Bubble?Are we in a bubble?  Will prices fall?  I have never been good at predicting the direction of future prices, but this is my strategy for those that own at le...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
After a morning swim, and a little gardening in my yard, I entered my kitchen, hungry.One thing I enjoy this time of year, is finding fresh Fava beans and freshly harvested garlic at my local Farmers Market. Together with Andouille sausage, they made for a delightful lunch today.It was simple putting it together. After chopping a few bulbs of the garlic and extracting the Fava beans from their pods, I sautéed them in a little olive oil, with salt and pepper. While the skillet was doing its thing, I put sliced coins of Andouille sausage on a baking sheet and broiled in the oven.I shared a quarter of a bottle of Dos Equis Amber with the skillet containing the Fava beans and garlic, covered, and allowed the beans to steam to tenderness.In last moments, I added the sausage into the skillet ...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
The last week and the next few days have been all about pickleball and I have not made the time for this week's Dad Joke video so I thought a little update about our second tournament and a funny pickleball video would be in order. This is our optimistic picture before Erik and I played in our 50 year old men's doubles open division. Erik is a very good 4.0 player when healthy, but two days before the tournament he hurt his back so he is wearing a back brace.  I am a 3.5 player, give or take, depending on the day.  We played teams rated at 4.0 and above.  We even played at least one 5.0 player.  This is how we looked after the competition.Yes, we were humbled.  In true pickleball tradition, each of the three teams that crushed us made sure to blame our loses on the very windy day.  They...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Our Lakeside Community's main streets are lined with fruitless pear trees.  They have had a few issues over the years.  About three years many were damaged by fire blight and we even lost a few, but they seem to be doing well again and they are simply gorgeous in the spring.  It sure makes it a pleasure to walk through the neighborhood.  If you would like to learn more about the Elk Grove and Sacramento Areas, please subscribe to my YouTube Channel for periodic updates. I am still not sure what time of the year I enjoy better, spring or fall.  The trees are gorgeous in the fall too.  Which do you like better?  If you are looking to purchase or sell a home in the Laguna West-Lakeside area, let me know.  I would love to help.  I have lived in the area since Janurary of 2000 and know the a...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Elk Grove Real Estate Market UpdateAfter taking a brief break in January, the median price has risen again in February to $650,000.  We are starting this year out much like we started last year with rising prices and a very limited supply of homes to purchase.  There are some real uncertainties in the housing market going forward with rising interest rates, rising inflation, including the rise in cost of fuel and the war that Russia just started.  These factors would generally slow the housing market, but it just does not seem to be happening.Homeowners that purchased their home in the last few years (or even the last 10 years) have seen some very high returns on their purchases.  Many have purchased these homes with very small down payments adding a lot of leverage to their returns.  T...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
We are getting our next listing ready for the market and thought it would be fun to share on of the coolest features of the property, the pond.  Imagine coming home to this quiet and relaxing backyard.The pond does have its share of wildlife that visits too.  We spotted four or five turtles enjoying the sun until another man's best friend showed up.There are some carp and catfish in the pond, but the real stars of the pond are the wood ducks.  They visit the pond every year to build and raise their families.  In fact, I think this one is pretty serious about getting pre-approved for a loan and making an offer.  😜  They are beautiful, aren't they?It is a beautiful 3 bedroom, 3 bathroom home sitting on just over two acres, but it will not be ready on the market until July or August.  I wi...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Yesterday afternoon, 10 of my family members gathered to celebrate a milestone birthday for my youngest grandkid.  Sophia is turning 18.There was a wonderful vegetable soup that my daughter Jill and grandkid Macie, cooked up.  There was a charcuterie board that granddaughter Isabella created.  Along with a delightful shrimp dish that my kid Tami, made, I brought along a citrus salad.  This salad is a little different, but you might wish to give it a try.  Here's the recipe.Ingredients:2 Blood Oranges - Peeled and Sliced.2 Cara Cara Oranges - Peeled and Sliced.2 Navel Oranges - Peeled and Sliced1/2 Red Onion - Halved and SlicedTajin Seasoning1/4 Cup Sliced Almonds1/4 Cup Honey2 Limes Squeezed into JuiceFresh Mint Leaves - SlicedDirections:  Arrange Orange Slices in a bowl, with the Onion...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
One of the great things about living in Elk Grove, CA is that we have some pretty wonderful sunsets. Every once in a while, we are blessed with thousands of migrating geese enjoying our National Wildlife Refuge just to the North and East of our neighborhood, Laguna West/Lakeside, at the same time.       Please subscribe to my YouTube Channel if you would like to learn more about the Elk Grove, Ca area and our real estate market. #youtubeshorts #elkgrove #realestate #sunsets  
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
I'm pretty sure I managed the daily recommended 10,000 steps yesterday. Although a bit breezy, the weather was gorgeous in the Greater Sacramento area. So, my daughter (Jill) and her friend (Dora), along with my grandkid (Macie) and I, jumped into the car and headed for the campus at University of California Davis. The arboretum trails are amazing this time of year. After taking in the seasonal horticulture, we trekked over to the horse barns, and then onward to visit the cows. We weren't done with the walking after leaving the UCD campus though. A short drive to the heart of the downtown Davis provided more steps to our stride. After enjoying lunch at Noodle City, we visited a few shops and stores. Afterward, before returning to our car, we made certain to visit "Yolo Berry Yogurt" - o...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Pickleball, it is not just your father's sport any more!Oasis Park-Elk Grove's Best Pickleball CourtsThere are a few places in Elk Grove to play pickleball, but the best place to play is at the Oasis Park.  There are 6 courts and they have excellent lights for playing at night.  My wife and I have been playing here since the park opened and we have found that everyone playing here is very friendly for both beginners and those that have been playing for a while.Other Pickleball Opportunities in Elk GroveHorseshoe Park-Sometimes the Oasis courts can be a little crowded so this is my second favorite place.  There is not real drop in play here so this is a great place to bring friends to play or practice.  There are two pickleball courts lined on each end of a tennis court and you do have t...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Are you continuing to do this? What," you ask? Real estate agents often profusely market homes with flyers and real estate ads which contain a great deal of information, but often purposefully exclude price. In the past it was done because we hoped our flyers and yard signs would make our phone ring. However, with the advent of Zillow, and other on-line websites which provide an interested party the same information, PLUS price at the few taps on a keyboard, it seems futile to continue the practice. For example, recently I have read several “New Listing” notifications here on ActiveRain. There was the usual plethora of information given, but no price! Because the blog ads didn’t provide it, I simply plugged the address into a Google search, and popped up several links to various sites o...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Elk Grove Market Update for January 2022Elk Grove Median Value     The median price of homes in Elk Grove did go up about $36,000 from November to December so I was very interested to see what the new year would bring.  The median price fell slightly in January from December's high of $640,000, but not much and it is still up 20% from last year.  We are very much in a competitive market with lots of buyers demand even though interest rates have risen and will likely continue to rise.Market Price RangeFree Monthly Report-What is Your home Worth?     There are two homes prices under $400,000 in Elk Grove this month, 10189 Lofton Court and 5423 Silver Poplar Lane.  The house on Lofton court will not sell anywhere close to that price, though.  It is being sold using a hybrid system between ...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Social Networking - Is it as effective of a marketing tool as we think, or are we simply evolving into beings that avoid real face to face communication? I've shuffled around awhile.  Without telling you my exact age, I will explain that I'm a pre-boomer, pre-gen-x, and just about pre anything that is left shuffling around at all.When I was a kid, we had a phone that was on a "party" line.  Party lines weren't something you dialed an "800" number for and had billed by the minute to your credit card.  They were phone lines you shared with a few other phone company customers.  You hoped that when you needed to phone, someone else wasn't already on the line.In 1983 when my first computer, an Apple IIE, was purchased, I had a grandson, just 2½ years old, who showed me how to use the keyboar...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
How much is your home worth? (free report)We recently sold this wonderful investment property in Sacramento, California.  It had been a rental for the last few years and there was a lot of work to do to get it ready for the market.  We had to remove a large amount of stuff the renter left in the house, clean it thoroughly,  paint most of the interior and exterior, replace carpet in two rooms and get a fair amount of dry rot repair done (see dry rot repair tip below). It looked great when we put it on the market and it sold very quickly.  My client wanted to avoid taxes when selling this product so we utilized a 1031 exchange.  My client is replacing this property with a rental property in Destin, Florida.  Yes, you can trade an investment property in California for an investment propert...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
The prevailing wisdom has always been to head West.  It may have started with Horace Greeley, who said, "Washington is not a place to live in.  The rents are high, the food is bad, the dust is disgusting and the morals are deplorable.  Go West, young man, go West and grow up with the country."  California has matured and it is more applicable these days to say, Go East, young person.In California the taxes are high.  Home prices and rents are high.  California rents went up between 15 to 20% last year.  Regulation continues unabated and, I would say, property rights are being ignored or just plain taken from property owners.  It is a really tough time for small landlords, in particular.  It is likely that it will all get worse in the foreseeable future.  Horace Greeley would not be happ...
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Sacramento County, CA Real Estate Professionals