4 comments | Monday, April 19, 2010
You Want Stats… I got Stats…
I thought I would pass on the a couple of things here for your information. As you will see on the Table below, it looks like out of the 113 Closed Duplex Sales in Sacramento County, just a bit under one half of them are “cash deals”. If you go back to my post in February, you will notice back then there were no FHA/VA deals.
The report below shows there were 17 deals that were FHA/VA financed. Those by definition, are “owner occupied” transactions. I think those buyers were making a very smart long term move.
Here’s the table.
If you’d like the list of closed sales for the 1st quarter I have in a PDF format. Click Here for your free copy.
I hope you found the above useful and informative. If you have any questions regarding the Residential Investment Real Estate Market in this area, please drop me a note here: or call me at
Make it a great day…!!!
Ed Favinger, Broker, CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
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Thank you for taking your time and supplying this data. It is appreciated by both myself and the hundreds of lurkers. Not quite the prices I want if I go for a duplex, but it’s getting close.
David
David… are you looking to live in one side and rent the other or are you an investor looking for a good deal… If you look at the Active and Active Short Sales and then compare that with the Active Short Sale Contingent and Pending Sales, they just about equal. I think we are close to the bottom. The only thing I think holding us back now is the high unemployment rate. What do you think…?
Looking to live in oneside and rent the other.
I think prices, especially at the upper end will drop a bit more.