Sacramento Duplex Prices Are Steady & Rents Are Good…!
With the annual rate of appreciation of Real Estate prices in the Sacramento area generally slowing down a bit buying a Duplex here might be a little easier with fewer multiple offers.
Don’t get me wrong if you have been looking for an Investment like a Sacramento Duplex there are still multiple offers occurring.
That is especially true if the Duplex has been well maintained with good curb appeal and a great tenant profile paying close to or at Market Rents.
Those Duplexes that have some deferred maintenance issues and below market rents will take a little longer to sell if they are not priced correctly to make up for their deficiencies.
Here’s some quick statistics for you regards closed sales from January 1, 2019 to Date, February 12th.
| Average | Average | Pct of |
| List Price | Sales Price | List Price |
| $ 371,088 | $ 365,641 | 98.5% |
As you can see it looks like prices have stabilized somewhat, but the rents are still going up. Maybe now is the time to make a move into Buying a Sacramento Duplex.
If you’re thinking of investing in Sacramento Duplexex, maybe a Four-Plex or even a small Apartment complex please drop me an email note at favinger@rwnetwork.com or call/text me at 916.203.1260.
By the way… We do Property Management as well.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE
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