By now we are all familiar with the Sacramento region’s "challenging" Real Estate market.  However, even in these difficult times there are some shining examples that the best communities perform the best in Real Estate during both good times and bad.  Granite Bay is one of the best examples of this.

Overall, prices in the greater Sacramento region have declined approximately 20% during the 2005-2007 downturn. And "transactions" (the number of homes sold) are down even more - 30% to 40% on average.  But check out these numbers in Granite Bay (source: Metrolist MLS):

• 2006: Median Sale Price - $791,000; total homes sold - 270 (22.5 per month)
• 2007: Median Sale Price - $811,000; total homes sold - 244 as of 11/20/07 (22.9 per month)

The numbers don’t lie!  Granite Bay’s median sales price is UP in 2007 by 2.5%, and the number of homes sold per month is up slightly as well!  It just goes to show - the old Real Estate adage "location, location, location" still holds true, in good markets and in bad.

Let’s be clear - we’re not saying it would be easy to sell your home in Granite Bay today.  In fact, there is almost 9 months of inventory currently in Granite Bay (that’s the number of homes on the market vs the number of homes sold per month).  But what we are saying is that Granite Bay continues to be one of if not the best location to own a home in the Sacramento region, and if you do choose to sell you’ll need patience, but you can still expect to receive a solid return on your investment when it does sell.

Steve Dailey, Coldwell Banker
Email: steven.dailey@cbnorcal.com
mobile: 916.276.9244
www.teamstevehomes.com
Visit our Complimentary Sacramento Area MLS Search

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.