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Elizabeth Weintraub
August 12 Sunday Open Houses in Sacramento Region From Team Weintraub
What a busy day this is turning out to be for August 12 Sunday open houses from the Elizabeth Weintraub Team. If you are excited enough to brave the smokey hazy weather in Sacramento and get out there, all of these open houses will be available to tour this afternoon. Whether you are looking for a million-dollar home in the city of Davis or a quaint cottage near downtown, we’ve got homes for you.
As always if you’d like more information about any of our August 12 Sunday open houses in Sacramento, please call Elizabeth Weintraub at 916.233.6759. I can get you a private appointment at almost anytime on any day.
3804 Los Cerros Place, Davis, CA 95661 is offered at $1,025,000. It features 4 bedrooms, 3 baths, and over 2,700 square feet, not including a 600-square foot sunroom. The seller says he spent more than $200K on the back yard, flagstone, waterfalls, outdoor kitchen and beautiful pool. Open from 12:00 to 3:00 PM.
4700 Lakeside Way, Fair Oaks, CA 95628 is offered at $925,000. This mid-century home is situated on 1.37 acres and boasts almost 3,500 square feet of single-level living. Dual masters at opposite ends of the home make this an ideal layout for multigenerational families. 5 bedrooms, 4 baths. Open from 2:00 to 4:00 PM.
2641 Curtis Way, Sacramento, CA 95818 is offered at $895,000. Beautiful vintage home, colonial-style built in 1922 features 4 bedrooms, 3 baths, and 2,818 square feet. Hardwood floors mostly throughout, plus a sauna in the second floor bedroom with the balcony. Huge master suite. Pool! Open 2:00 to 4:00 PM.
411 U Street, Sacramento, CA 95818 is offered at $349,000. Adorable 1927 bungalow near Southside Park between downtown and Land Park. Close commute for government workers. Home features 2 bedrooms, 1 bath, and a large kitchen, plus laundry area. Storage shed in the back yard. Open 2:00 to 4:00 PM.
9089 Paseo Grande Way, Elk Grove, CA 95758 is offered at $340,000. Perfect for a first-time homebuyer, this home in Laguna Park has 3 bedrooms, 2 baths, and a fireplace in the living room. Vaulted ceilings make the space seem much larger. All appliances can stay. Two-car garage. Open 2:00 to 4:00 PM.
And this brings us to an end of August 12 Sunday open houses in Sacramento. We have a fixer house that is not open today as well.
July 2018 Sacramento Housing Report Suggests Stability
There are subtle changes in the July 2018 Sacramento housing report from Trendgraphix this month. It re-enforces what I see from my professional practice. Since May, I have noticed a slight change in Sacramento real estate. A bit of cooling from the extreme frenzy, and I’ve discovered there are some strategies that no longer work very well, so I’ve been shifting my approaches accordingly.
In looking through the statistics, what jumps out at me is the big uptick in inventory. However, pending sale numbers are surpassing closed sales for last month, which means August should be a good month for closed sales. Also, although the inventory is up, the new listings are down. Yet the average price per square foot is the highest it has been over the past 15 months, coming in at $237. Our median price is about the same in the July 2018 Sacramento housing report.
Basically, our closed sales are down 4.1% over this time last year. Our inventory is up by 22.1%. When inventory goes up and sales go down, we should see a little bit of cooling in the market. It will be interesting to note when we move into our spring market next year if this trend continues. However, the real number I see is the median sales price which has been fairly stable over the past 3 months, moving from $359K to $360K and back to $359K.
Below are the supporting statistics for the July 2018 Sacramento housing report.
charts: Trendgraphix, used with permission from Lyon Real Estate.
Looking to Flip a Probate Home in North Highlands?
Calling all investors who are looking to flip a probate home in the Sacramento area. As a probate home, this sale is strictly AS IS and there are no concessions. May the best offer win.
You do not find very many opportunities right out of the gate to flip homes in MLS. Especially not houses under $200,000. Market for those types of listings is very slim. Just did a quick search in MLS for homes for sale under $200,000 in Sacramento County and we have a grand total of 45.
If you can look past the aqua color and the doggie smell inside, you will probably say it’s mostly cosmetic stuff. I can see an investor getting rid of the popcorn ceilings, tearing up the flooring, updating the kitchen and bath, installing new light fixtures and painting.
In the public records, the home shows as being built in 1963. However, the sellers moved into the house in January of 1962, and the seller’s son was born in October of that year. So the home was built in 1961. It is situated on a corner one block off Elkhorn Blvd.
This probate home in North Highlands is a two bedroom, 1 bath, with approximate square footage per the Sacramento County Tax Assessor of 832 sq. ft. It features a nice layout and a good-sized kitchen. For not really having any updates at the moment, there is a dishwasher and a trash compactor in the kitchen, plus space for a dinette set.
A bit odd is the fact the seller removed the bath tub and now the home has only a shower. Even though people don’t routinely use bath tubs, they still want them. Kids and pets, you know. I would definitely put a tub back in that spot with a shower. I’ve seen super cool tubs recently that sink part way into the floor so the tub sides are not very tall nor imposing, yet easy to get into.
The lot slopes half way down the hill in back and then levels out for a patio. You will see ham radio equipment attached, antennas and stuff, along with raised vegetable beds. Much of the fencing has deteriorated.
Another unusual thing to mention is the garage floor is raised about 4 inches to avoid flooding. It is a concrete floor. Not sure how you would get a car in the garage. You can also gain access to the garage from the house with a step-down, and that’s where the laundry hookups are located.
Why not make a private appointment to tour this probate home? 4275 Sloan Dr, North Highlands, CA 95660, is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $195K. For more information, please call Elizabeth at 916.233.6759.
The information in this advertisement, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, the Multiple Listing Service or other sources. Lyon Real Estate has not and will not investigate or verify the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the Property and this advertised information utilizing appropriate professionals before purchasing this Property.
New Listing: Affordable Single-Story Home in Laguna Park
Are you looking for an a single-level home in Laguna Park priced under $350K? Then you’ve come to the right place. And you don’t have to make trade-offs or sacrifice anything on your home buying wish list. You can have it all in this popular Elk Grove neighborhood. Pride of ownership is evident throughout the neighborhood, and many homes are single-levels. No stairs, no levels, no step-downs, makes it easy on your knees, too.
This home in Laguna Park features 3 bedrooms and 2 baths. There is a front bedroom that could be used an office since it’s right next to the front door. The guest bath separates the two guest bedrooms. However, the master suite is secluded and away from the other two bedrooms. Which is especially nice if you have children, you can get a little peace in quiet in your master retreat.
When you walk in the front door, the first thing you will notice is how large the living room and dining room appear to be. A lovely fireplace with a ceramic surround is in the living room, and the vaulted ceiling makes the entertainment areas seem even larger. Look at all of that light in this space. Lots of windows.
Check out this great kitchen! Plenty of cabinets and there is space for a breakfast table. The refrigerator can stay as long as you ask for it in the purchase contract as personal appliances do not stay otherwise. If MLS says the refrigerator stays but buyers do not ask for it in the Residential Purchase Agreement, the seller is free to sell it on CraigsList.
9089 Paseo Grande Way, Elk Grove, CA 95758 is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $340K. Check out the virtual tour here. Then come to our Open House on Sunday, August 12, from 2:00 to 4:00 PM, hosted by Josh Amolsch from the Elizabeth Weintraub Team. If you’d like to enjoy a private tour before then, please call Josh for an appointment at 916.224.2756.
The information in this advertisement, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, the Multiple Listing Service or other sources. Lyon Real Estate has not and will not investigate or verify the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the Property and this advertised information utilizing appropriate professionals before purchasing this Property.
Couple of Weeks Ago This Sacramento Top Producer Had Zero Listings
Yes, do you believe that a couple of weeks back, this Sacramento top producer had zero listings in active status? Could not recall a time when I had no active listings because all of my listings had sold. Usually it goes in cycles. But I always seem to have at least a handful of listings in active status, so it was strange to look at MLS and see everything pending. There was a big push in Sacramento right after the Fourth of July, and a bunch of homes went under contract. But going under contract and closing are not always synonymous with each other.
Which brings me to today as I have 6 listings. You might see only four because two listings are going live in MLS this week. But I see six. I listed 2 more homes last week and two homes this week. The missing two homes are back-on-market listings. Released by potential home buyers who didn’t really want to buy, regardless of their initial intent. One property was re-listed to reset the days on market. The other wasn’t on the market long enough to accumulate much time.
Usually this time of year things begin to heat up for this Sacramento top producer. Because we’re getting close to Labor Day. Right after Labor Day, we enter our fall real estate market in Sacramento. This market lasts until just before Thanksgiving. That’s not say that November and December cannot be busy months because they can. We sell real estate year-round in Sacramento.
But August is a tricky month. Families often go on vacation. Get ready for back to school. Preoccupied. And it’s generally quite hot. I read that since 1941, every day in the months of June, July and August has had a 100-degree day. In fact, when I first came to Sacramento, it was in August of 2002. Bloody hot and miserable, what kind of people live in this extreme heat, I wondered? Yet, here I am 16 years later, and to my amazement, a Sacramento top producer.
Now, I’ve had years in the 1970s / 1980s when the month of August has been my very best month for real estate sales but lately it’s a bit quieter. Some of this could be due to the wildfires in California, with the Mendocino fire being the worst ever in the state. It’s super smokey and hazy in Sacramento. You can smell the smoke when you go outside. Plus our market is beginning to transition to a different cycle. Shifting markets often adds a bit of confusion.
Still, going from zero listings to 6 active listings over the course of a couple of weeks presents a new challenge. That challenge is how to slip them into escrow while maximizing seller profit, which is always my game plan. Because I’ve given up trying to get 3 cats to pose together on my desk.
