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.
No comments:
Post a Comment