What happened in Sacramento County real estate in 2013? Let's take a look at some visuals. You'll see median price, inventory, interest rates, unemployment, etc... The market was on "steroids" so to speak.

1. 2013 Real Estate Recap
Sacramento County
Ryan Lundquist
Certified Appraiser
TEL 916-595-3735
www.SacramentoAppraisalBlog.com

3. Other 2013 Market Tidbits
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Inventory hovered around one month for half the year.
Money was very cheap to borrow.
Offers became aggressive as inventory dried up.
There were issues with low appraisals.
There were also many properties that were overpriced.
New Construction re-emerged
The market flattened out around July.
Investors began to exit the market after Q2 2013.
The market was driven by investor cash, historically low interest rates and
absurdly low inventory (all these things have changed, so 2014 is poised to
be a different market).
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www.SacramentoAppraisalBlog.com

4. Median Price: $240,000 in January 2014

5. Median Price Perspective

6. Inventory: 2.6 months in January 2014
Inventory was under 1.2 months for 15 months straight
through May 2013. This helped propel values upward.

7. Interest Rates
Historically low interest rates helped drive values upward.

8. Foreclosures & Short Sales
The market used to be driven by distressed sales, but that’s not
the case any longer.

9. Unemployment Rate: 7.7% in Sacramento County

10. Cash Investors
Cash sales have declined by 15% from its peak in 2013. The
market is no longer driven by cash.

11. FHA Buyers
FHA sales saw a massive decline in 2012 and 2013, but have
since begun to increase again.

12. The layers of the market at work

13. The Smell of a Seasonal Market
January saw the lowest number of sales in the past six years.
BUT January always has a lower sales volume and there are
currently 2000 pending listings.

14. ?
Questions?
Ryan Lundquist
TEL 916-595-3735
ryan@lundquistcompany.com
www.SacramentoAppraisalBlog.com
Thank you for your time today.