Sales and Prices

Published by in News on March 27th, 2015

Pending sales of homes are up but prices are increasing faster than wages. Pending home sales in California soared in February to record the first double-digit annual gain in nearly three years and the third straight year-to-year increase, suggesting improved market conditions and more closed transactions in the coming months, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). In yet another troubling sign regarding the affordability of homeownership, new data shows that the growth in U.S. home prices is beating wage increases 13 to 1. RealtyTrac found that home price appreciation has outpaced wage growth in 76 percent of U.S. housing markets during the past two years.

Agent Rant

Seems like the longer I am in this business the fewer things make me angry. Not sure if it is the frequency I run into upsetting items or if I am desensitized and it takes much more to make me angry enough to write about. Last week, I was told about an agent, who I know to be much more aggressive marketer, who apparently fabricating buyers to get listings. This was enough to create a good rant. Check out my weekly real estate column, “Listing: Beware of Agents with Cash Offers,” over at Rocklin & Roseville Today and Sacramento Today. If you read it, send me an email to juliej@jalone.com, I would love to hear what you think and if you have had a good or bad experience with an agent wanting to sell your home.

Coming Soon in Roseville

Coming soon on Billington Lane in Roseville is this beautiful 5 bedroom, 3 bathroom house with almost 3,200 square feet of living space. Purchased new in 2012 the owners have done all the work to make this a home you can move into with little or no work. For more information and pricing call Julie at 916-899-6571 or email her at mailto:juliej@jalone.com.
Offered at $479,000

New Natomas Listing

741 Hawkcrest Circle – Sacramento (Natomas/Westlake): Beautiful semi-custom 5-Bedroom, 4 Bath home in the desirable gated community of Westlake. With a large master suite this home also includes a bedroom downstairs with full bath, perfect for out of town guests or even the in-laws. More Information/Virtual Tour – More Photos

Offered by Julie Jalone at $599,900

Coming Soon in Natomas

Large Family Home in Natomas – Coming Soon!
Beautiful semi-custom 5-Bedroom, 4 Bath home in the desirable gated community of Westlake. With a large master suite this home also includes a bedroom downstairs with full bath, perfect for out of town guests or even the in-laws. The family will enjoy the large loft area upstairs and with over 3,500 square feet of living space this home is ready for a growing family. Located in a desirable gated community with full recreational facilities, lake and walking trail it is also close to schools, public transportation and the down town area.


We expect to have this great home on the market by early March. Give us a call or send an email to Julie at juliej@jalone.com and we will provide you with more information and keep you updated on the listing status. Act now; this home will not last long on the market.

New Listing in Galt

1159 Park Terrace Drive – Galt (95632): Located in a great neighborhood just minutes off the highway this 4 bedroom, 2 bath home shows the pride of ownership. Built in 1997 this home has almost 1,600 square feet of living space and features a large and spacious great room which is perfect of entertaining or a quiet night at home. More Information & Virtual Tour – Photos

Offered at $269,900

New Elk Grove Listing

6342 Laguna Mirage Lane – Elk Grove (95758):

Located in the desirable Laguna Mirage gated subdivision this two story townhome has 3 bedrooms and 3 bathrooms in over 1,300 square feet of living space. Walk into the large open great room with second story ceiling and you get an immediate feeling of light and space. There is a downstairs bedroom and full bath for guests and the large master and private bath are upstairs. The house is located on a nice corner lot and has a large backyard with patio, perfect for entertaining or a quiet evening at home. Laguna Mirage is a quiet gated community in the heart of Laguna and features daily security patrols, a sparking pool and plenty of parking for guests. (More Information)

Offered at $199,900

Holidays and Mortgages

December has arrived with rain and the prospects for a busy holiday season. We have my sister, Lynn, arriving from Anchorage for a “shopping” visit this week, we still have a tree to get and decorate and, as you all know, the list goes on and on.

Last week, my weekly local real real estate column, “Can You Get a Mortgage?” had some interesting facts about what is going on in the lending community and how getting a loan for a new house may be getting easier. Check it out and let me know what you think.

New Orangevale Listing

7516 Hickory Avenue – Orangevale (95662):  Beautiful move-in ready home in the heart of Orangevale – quiet side of Hickory Ave.  Very functional and remodeled 3/2 home with a 880 sq ft 4 car, drive through garage that was built in 2012.  Tons of upgrades! This well loved home was updated for a forever home – nothing was spared!    Links: More Information Virtual Tour

Offered by Karen Goodwin at $334,500    

Must be the water!

Over the past month we have been struggling to buy a home for one of our clients in Elk Grove. He is a first time buyer but financially strong and not a picky buyer. Almost every time we have gone out looking at homes he finds one he likes and we write an offer. Our offers have been reasonable, generally offering below the asking price but nowhere near “low ball.” There is no shortage of homes on the market in Elk Grove and buyers should expect to have some negotiating strength.

To make a very long story short we have been unsuccessful. We have had three offers countered not only at the asking price but asking for our buyer to cover costs traditionally paid for by the seller. In one case we were unable to come to terms because the seller wanted a long escrow and then an 60-day rent back. We tried to verbally negotiate with one agent but that failed because she could not communicate with her client without something written. Our last offer, on a great small home which showed like new, looked solid until the agent disappeared for 4 days and found a cash buyer.

It is hard to believe the Elk Grove remains a seller’s market while the rest of the Sacramento area is more favorable to buyers. It must be the water there!

By the way, check out my weekly column, “California Housing Market; 2015Forcast,” over at Rocklin & Roseville Today or Sacramento Today.

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