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A blog about the economy and the Sacramento-area real estate market.

February 13, 2009
Sacramento County's January sales: highest in nine years

 The Sacramento Association of Realtors is in with the January numbers for Sacramento County and the City of West Sacramento - and says 1,542 closed escrows breaks all records for this first decade of the 21st Century.

The report says 75 percent of sales were bank repos - pushing the median price for existing home sales to $169,000.

That's lowest since May 2001.

Sixty percent of sales were for less than $200,000.

Here is the news release with details and an overview. Here are  statistics and a ZIP Code report with the close-in details.

Meanwhile, the  Placer County Association of Realtors reported a more sedate January.

 Placer County doesn't have all the repo action that characterizes the Sacramento County market. Only 15.4 percent of its sales were under $200,000.

PCAR reported 253 closed escrows, down 20 percent from 319 in January.

The median price (where half cost more and half less) was $270,000. That's the fourth straight month under $300,000 and lowest since April 2002.

 

 

 

 

 

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