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Median List Prices in Sacramamento Continue to Rise

Current Realtor.com trends for median list price shows California, and specifically Sacramento,continues to exhibit largest year-over-year increases.

Median List Prices – Largest y/y Increases – California markets continue to dominate the list of areas experiencing the largest year-over-year increases in their median list prices. In addition, Phoenix, Atlanta, and Seattle are among the top performers. The 10 markets with the largest year-over-year list price increases are shown below. All of these markets have experienced year-over-year declines in their for-sale inventories of 18 percent or more, while half of these markets had inventory declines of 40 percent or more.

Median List Price

10 MSAs with the Greatest Year-over-Year List Price Increases

 

Median List Prices – Largest y/y Declines – For more than a year, older industrialized markets that never experienced the rapid run-up in prices that led up to the housing crisis have been registering some of the largest list price declines. This pattern continued in November. The 10 markets with the largest list price declines are shown below. While Jersey City, N.J., and Chicago had year-over-year inventory declines of 33 percent and 21 percent, respectively, most of the remaining areas experienced inventory declines that were well below the national average (17 percent decline).

Median List Price

10 MSAs with the Greatest Year-over-Year List Price Declines

Median Age of Inventory (y/y) – The median age of the inventory continued to be relatively high in the coastal areas of the Carolinas and in other vacation destinations such as Santa Fe, N.M., and Ashville, N.C. Reading, Pa. The Philadelphia metro area in New Jersey and Portland, Maine, also had inventories that had been on the market for more than 120 days.

Median Age of Inventory

10 MSAs with the Longest Median Days on Market

California markets continue to register among those with the lowest time on market compared to other areas of the country. The median age of inventory was also relatively low in Denver and Phoenix.

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Sacramento Magazine – Research Recognizes Top Real Estate Agents

The February 2012 Issue of Sacramento Magazine announces the region’s  2012 Five Star  Real Estate Agent award. Based on independent research, agents who score highest in overall client satisfaction are awarded this designation with less than 4% of the regions real estate agents qualifying.

Ken Svanum, who is recognized by magazine, gives full credit to the talented and professional team of the Bishop Real Estate Group

How Was The Research was conducted-

The Five Star Real Estate Agent program is designed to identify and showcase real estate agents in a local market that score highest in overall satisfaction.

As part of an in-depth research process real estate agents are evaluated by their customers and real estate industry professionals based on:

1) customer service
2) integrity
3) market knowledge
4) communication and negotiation skills,
5) closing preparation
6) helping you find the right home 7) marketing the home being sold and
8) overall satisfaction.

Who was contacted-

10,000 to 50,000 recent homebuyers, readers of the area magazine, and 250 mortgage and title companies are asked to name and evaluate real estate agents with whom they have had direct/personal experience with.

Recent homebuyers and subscribers can evaluate up to two agents, while mortgage and title companies can evaluate up to three agents.

Both positive and negative responses regarding each agent are accepted.

In addition to the survey results, other criteria such as acceptable disciplinary action and review by a panel of local industry experts are incorporated into the overall evaluation process.

Less Than 4% Of Agents-

The final list of Five Star Real Estate Agents includes the real estate agents, of those evaluated, in the local market that scored highest in overall satisfaction; representing less than 4% of the real estate agents in the Sacramento region.

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