Developing a game plan for real estate analytics

One difference I see between a lot of us site owners/webmasters and professional SEOs is that we check our results in the search engines much more often than if we hired someone like REW to do it for us.  If there was one thing I should change about my current method of working on my site it would be to put more scheduled activities in place.  On the one hand it is nice that if I see an interesting site to explore or if an issue to blog about comes up at the last minute - I can chose to do it instead of or addition to whatever else I'm working on, however, it is not very efficient and as I keep saying - I'm soon going to have a second site to work on as well as multiple blogs - efficiency is quickly…

Sacramento home sales up 44% over February 2008. 

News reports keep indicating that Sacramento is one of the areas leading the nation in value declines however inventory is moving in the region.  Well it's not all inventory - distressed property is still the majority of sales in the region.  There has also been a decline in REO's to hit the market due to the moritorium that some of the lenders/Fannie Mae & others have imposed on themselves.

Nearly all the agents I have spoken with in the last couple of weeks all have stories of houses they know have been foreclosed on yet the new owner (the bank) has not yet listed the home for sale.  It seems like the lenders want to control the inventory hitting the market  so most everyone expects to see a wave of…

Most of us who spend time at Real Estate Webmasters are looking to build a real estate business through the internet and many of us want to get traffic organically through the search engines.  There is an argument that blogging on sites like Trulia, Zillow, Realtor.com increases your overall reputation and presence on the web.  Some of these sites are offering links back to your site in exchange for your content.  However these same sites are competing with ours for the top spots in the search engines. I wrote a post on Why I don't blog on Trulia and why you shouldn't either.  I feel this is an important issue and hope you will take the time to read that post.

REO Woodland Properties

February is almost over and we now have nearly two months of housing data to analyze for 2009.  Woodland CA is like much of the region in that the market is dominated by distressed properties, foreclosures and short sales.  Currently there are 36 foreclosed homes for sale with an average list price of $212,971. 

There were 32 foreclosed single family homes that sold in January 2009 and so far in February there has been 15 sales of banked owned houses with an average sales price of $235,177 sitting on the market for average of 94 days.  There is always an upswing of closed sales at the end of the month and February because it is a shorter month often shows lower numbers. 

Currently there are 213 total single family homes for sale…

Are Sacramento Investors Missing an Opportunity?

Currently Metrolist MLS is indicating there are 781 single family homes  listed for sale in the city of Sacramento for less than $100,000.  There are 1361 homes in Sacramento that are under $140,000.  That is a lot of inventory for an investor to choose from.

Most properties in this price range are in need of serious repairs and upgrades - with some being in such bad physical shape that they will not qualify for most forms of financing.   However for the right investor - this is the opportunity to purchase cash flow positive proprerties.  This is not the time to buy something with the expectation of selling it in a year for a $100,000 profit - many of the last round of buyers who did that are part…

Homes in Woodland CA have been hit very hard the last couple of years with foreclosures and short sales.  The market has been dominated with distressed sales - which has been true for most of the  Sacramento region.

    1 year 15 months   Jan 08 Jan 09 % Change Nov 07 Jan 09 % Change For Sale 279 174 -37.6% 309 174 -43.7% Sold 27 33 22.2% 25 33 32% …

The current Sacramento real estate market is dominated by foreclosures, short sales and other distressed properties.  For the month of January, there were 1120 closed REO/foreclosed sales in the entire Sacramento county and there were only 1483 total home sales.  This number will be important to watch in the next few months as the moritorium on Fannie Mae and Freddie Mac on foreclosing on properties has ended.  While financing continues to be tough, buyers with some downpayment can get a good interest rate and those with some money or gifted funds should consider an FHA loan.  Athough the home needs to be in good condition in order to qualify for an FHA loan. 

Visit my site to  search all homes for sale  in  Sacramento.  Or you can search speficially…

Trendgraphix information for January 2009 have been released.  The numbers point to a couple of interesting trends -  looking at inventory change in both the last year and 15 months indicates  the drop in available inventory county wide has been substantial.  Both the one year and 15 month categories are also showing dramatic increase in both pending and sold homes.  This change was fueled in part by continued downward pressure on prices as well as the increased availability in bank owned homes.  Financing during this same time period has gotten tighter and shows that there are still a lot of willing buyers who are looking for the right opportunity. 

  1 year 15 months …