super cheap house for sale in Sacramento CA

I found a bank owned house for sale in Sacramento CA for $24,900.0. It is located at 1331 Nogales ST Sacramento CA 95838. It is a true fixer upper house. A person might even have to tear down some of the house in order to repair it. A few years ago I had to go out of state to find a house this cheap. A person could buy it with private money. A good stategy would be to find a person who will lend you the money for purchase along with the money to fix it up. Lets just say that amount comes out to 54k. You would then refinance that private money loan into a conventional loan. You could rent it out and have positive cash flow and equity without any money out of your pocket.

Sacramento zip code 95820 statistics

I just pulled up the statistics on the HOMES FOR SALE IN SACRAMENTO CA zip code 95820. There are 211 active listings with the lowest priced home at 19k and the hightest priced home at 329k. There are 35 Bank owned listings out of the 211 listings and 45 short sale listings. There are 64 short sale contingent listings out of that 211 total. That means 64 of the listings allready have offers on them. The average price of the listed homes is 115k and the average days on the market is 87. 178 HOMES HAVE SOLD IN SACRAMENTO CA the last three months so that means 59 homes per month have sold during that period. That means there is currently a 3.5 months supply of homes on the market. The average price per square feet is 98 per square feet. The average sold price was 105k.The lowest sold home was 28k and the highest sold home was 249k. There are 65 pending homes for sale in the 95820 zip code with an average price of 106k. The average price per square feet for the pending sales is 96 per square feet. Many investors are buying homes in this zip code at a low price then fixing them up and selling them for a profit.

January active and sold statistics for 95838

I just went through the data for the HOMES FOR SALE IN SACRAMENTO CA zip code 95838. There are currently 227 active homes for sale in the 95838 zip code. The lowest active short sale is $35,000.0 and the highest active is $229,000.0. There are 53 active short sales out of the 227 active listings. There are 59 bank owned listings out of that 227 number and 63 non bank owned or regular listings. There are 69 short sale contigent listings out of that 227 number.That means these 69 houses allready have offers of them. The average price per square foot is 94.0 dollars per square foot. 230 homes have sold in the last three months. That comes out to 77 HOMES SOLD PER MONTH IN THE SACRAMENTO CA ZIP CODE 95838. That equates to a three month supply of homes. There is not an over supply of homes for sale right now. The lowest sold home was $31,900.0 and the highest home sold for $260,000.0. That came out to an average price of $106,000.0 for a home sold the last three months. The average price per square foot sold was 82 dollars per square foot. In January of 2009 the average price per square foot was 74 dollars per square foot. We had a slight increase in average price of a home sold from January 2009 compared to January 2010.

Red hot investor zip code

There is a zip in the Sacramento CA area where many real estate investors are buying property at a discount and then selling to a first time home buyer. That area is called the North Highlands 95660 area. I just pulled up all the active HOMES FOR SALE IN NORTH HIGHLANDS and found 142 active listings. The lowest active listing is 80k and the highest active is 199k. The average price per square foot is 96 per sq foot.There are 30 active short sales and 62 active short contigent sales out of the 142 active listings. That means 62 of the active listings allready have offers on them. There are 18 bank owned listings out of that 142 number. There are 58 pending homes for sale with the lowest pending at 61k and the highest pending is 249k.
There have been 126 homes sold in the last three months so that comes out to 42 homes sold per month. The average price was $111,000.0 with and average price per square foot of 98.0 dollars per square foot. On Janurary 27th I found a great short sale deal for 80k. It was a 4br 2ba home that I thought could be worth 150k if it was fixed up. The listing agent had multiple offers on the home and it went into contract on January 30th. If your looking for a CHEAP FIXER UPPER HOUSE IN THE SACRAMENTO CA AREA,be prepared to make many offers before you get one.