Home Front

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

December 17, 2009
Sac County home prices post first Y-O-Y gain since May 2006
 For the first time since May 2006 Sacramento County median home sales prices - for resale homes - have climbed above the same time a year earlier, property researcher MDA DataQuick reported Thursday.
The Sacramento County median price was $177,000 - up slightly from $175,000 in Nov. 2008, the firm said.
Sacramento County is the largest sector of the region's real estate market, and its existing homes represented nearly nine in 10 of its November sales.

 DataQuick, which noted similar trends in the Los Angeles region and the Bay Area, said the phenomenon reflects "widening price stability, fewer foreclosures selling and more activity in pricier areas."

Sales of bank repos now represent 49.3 percent of Sacramento County sales. In Nov. 2008 thousands of heavily-discounted repos snatched up by first-time buyers and investors accounted for 69.1 percent of sales.

November regional highlights for new and existing homes combined in the capital region:
  • Sacramento County: 21,900 sales with a median price of $175,000. That price is down 5.4 percent from November 2008.
  • Placer County: 549 sales with a median price of $305,000. Prices are down 11.5 percent from the same time last year.
  • Yolo County: 187 sales with a median price of $246,000. It's down 3.3 percent from November 2008.
  • El Dorado County: 201 sales at a median price of $289,000. Prices are 13.7 percent lower than the same time last year.
  • Yuba County: 93 sales with a median price of $162,250. It's down 0.5 percent from a year earlier.
  • Nevada County: 125 sales with a median price of $330,000. That's 4.8 percent less than November 2008.
  • Sutter County: 84 sales with a median price of $160,000. Prices are down 5.9 percent from November 2008.
  • Amador County: 44 sales at a median price of $176,000. That's down 21.1 percent from November 2008.

About Comments

Reader comments on Sacbee.com are the opinions of the writer, not The Sacramento Bee. If you see an objectionable comment, click the "report abuse" button below it. We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. Flagrant or repeat violators will be banned. See more about comments here.

What You Should Know About Comments on Sacbee.com

Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)

Here are some rules of the road:

• Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "report abuse" button to notify the moderators. Responding to the comment will only encourage bad behavior.

• Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.

• Do not attack other users; focus your comments on issues, not individuals.

• Stay on topic. Only post comments relevant to the article at hand. If you want to discuss an issue with a specific user, click on his profile name and send him a direct message.

• Do not copy and paste outside material into the comment box.

• Don't repeat the same comment over and over. We heard you the first time.

• Do not use the commenting system for advertising. That's spam and it isn't allowed.

• Don't use all capital letters. That's akin to yelling and not appreciated by the audience.

You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "report abuse" button to submit those comments for moderator review. You also may notify us via email at feedback@sacbee.com. Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.

If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them, but you may ask our staff to retract one of your comments by sending an email to feedback@sacbee.com. Again, make sure you note the headline on which the comment is made and tell us your profile name.

hide comments

On October 14, The Sacramento Bee will temporarily remove commenting from sacbee.com. While we design the upgrade, we encourage you to tell us what you like and don't like about commenting on sacbee.com and other websites. We've heard from hundreds of you already and we're listening. Please continue to add your thoughts and questions here. We also encourage you to write Letters to the Editor on this and other topics.



Jim Wasserman on Twitter

Follow "jimwasserman" on Twitter

October 2013

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31