Downtown

Market Update – Downtown (95816)

September 2017 is a Seller’s market! The number of for sale listings was up 18.8% from one year earlier and up 11.8% from the previous month. The number of sold listings decreased 26.1% year over year and increased 21.4% month over month. The number of under contract listings was down 36.8% compared to the previous month and down 36.8% compared to the previous year. The Months of Inventory based on Closed Sales is 2.2, up 57.5% from the previous year.

The Average Sold Price per Square Footage was up 4.9% compared to the previous month and up 11.8% compared to last year. The Median Sold Price increased by 17.5% from last month. The Average Sold Price also increased by 44.2% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.

The Average Days on Market showed a neutral trend, a decrease of 4.5% compared to the previous year. The ratio of Sold Price vs. Original List Price is 96%, an increase of 1.1% compared to the previous year.

Proprietary charts with momentum (Þ):


5-Year Charts:


About

Downtown and Midtown provide great urban housing. There are lofts, bungalows, multi- and single-family homes. Some houses attract young buyers who like the night-club scene. Lofts, ironically, attract some very lofty prices. Make sure you remember that all zip codes have good, bad and ugly.


Listings:

 
$1,760,000 (For Sale)
Beds: 3
Baths: 3
Sq. Ft.: 3,954
Listing Office: Coldwell Banker Residential Brokerage
 
$1,450,000 (For Sale)
Beds: 4
Baths: 3
Sq. Ft.: 3,274
Listing Office: Lyon RE Sierra Oaks
 
$1,295,000 (For Sale)
Beds: 4
Baths: 2 | 1
Sq. Ft.: 2,797
Listing Office: Lyon RE Sierra Oaks
 
Open House: Dec 17, 2017 12:00 PM - 2:00 PM
389 Santa Ynez Way, Sacramento, CA 95816
$1,159,000 (For Sale)
Beds: 4
Baths: 3
Sq. Ft.: 2,650
Listing Office: Coldwell Banker Residential Brokerage
 
$1,100,000 (For Sale)
Beds: 3
Baths: 3
Sq. Ft.: 2,216
Listing Office: eXp Realty of California Inc.
 
Open House: Dec 17, 2017 1:00 PM - 4:00 PM
1536 35th Street, Sacramento, CA 95816
$925,000 (For Sale)
Beds: 4
Baths: 3
Sq. Ft.: 1,978
Listing Office: Coldwell Banker Residential Brokerage
 
$730,647 (For Sale)
Beds: 3
Baths: 3 | 1
Sq. Ft.: 2,363
Listing Office: TNHC REALTY AND CONSTRUCTION
 
$729,900 (For Sale)
Beds: 3
Baths: 2
Sq. Ft.: 1,915
Listing Office: Kenneth M. King
 
$699,900 (For Sale)
Beds: 3
Baths: 2
Sq. Ft.: 1,750
Listing Office: Michael L Klein, Broker
 
$699,000 (For Sale)
Beds: 3
Baths: 3
Sq. Ft.: 1,752
Listing Office: RE/MAX Gold Midtown
 
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All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.

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MetroList CA data last updated at December 16, 2017 7:05 PM PT

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