Looks Like “Cash is Still King” in the Residential Investment Market here… Especially when it comes to Duplexes…!
I have prepared below some statistics and information regarding the sales of some Duplexes in what I call the “preferred” areas of the Sacramento Region. I’m pretty sure these numbers would probably apply to all areas of the Region because they are percentiles and the market is pretty good in all areas here.
However since I don’t keep track of the sales in all the areas regards Duplexes, I’m just letting you know that this is not a total for all of Sacramento County.
The data includes Sold and Closed transactions from July 1, 2012 to November 16, 2012. I think you’ll find in interesting. Let me know what you think.
|Total Closed Sales||124|
|List Price/Sales Price Ratio All Properties||97%|
|List Price/Sales Price Ratio – Cash Transactions||97.06%|
|List Price/Sales Price Ratio – Conventional||96.86%|
|List Price/Sales Price Ratio – FHA Transactions||97.25%|
|LIST Price/Sales Price Ratio – Seller Financing||100%|
By the way…. The Duplex shown above closed escrow on October 31st, for $239,000 – 3 bedroom 2 bath 2 car and a 2 bedroom 2 bath 1 car configuration. CLICK ON THE PICTURE TO SEE MORE OF THE EXTERIOR AND NEIGHBORHOOD.
In the Mean Time…?
Make it a Great Day..!
Ed Favinger, Broker CRS, GRI, SFR, CDPE 916-203-1260
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