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

Placer County was just named to the No. 43 ranking among the nation’s 100 wealthiest suburbs, according to a report released this week by Bizjournals, the sister company of the Sacramento Business Journal.  El Dorado County was No. 44.  Bizjournals created a nine part formula to determine the relative affluence of 291 suburban counties, seeking the places with the highest incomes, most expensive houses, lowest poverty levels, strongest educational backgrounds, and the most extensive ownership of stocks, rental properties and vehicles.  Placer County had per-capita income of $35,014 per year, while El Dorado County’s per capita income was $32,122. 

Placer and El Dorado counties are the wealthiest Sacramento area communities and in fact are the only ones that made the top 100.  There were four other Northern California counties in the top 30, all in the SF Bay Area.  The top 10 were led by New Jersey with three and Virginia and Maryland with two each.

Steve Siegel, Coldwell Banker
Email: steve.siegel@cbnorcal.com
mobile: 916.212.5066
www.teamstevehomes.com
Visit our Complimentary Sacramento Area MLS Search

We knew they were “great places to live”, but now it’s official!  Granite Bay (#74) and El Dorado Hills (#77) each made Money’s Magazine’s “Best Places to Live 2007″ Top 100 lists!

Each town was given “A” marks in jobs / economy, ease of living, and education.  It’s yet another testament to their well-earned reputation as two of the most desireable communities in the greater Sacramento Area Real Estate market.

Click here for more information:

• Money Magazine article
• Granite Bay summary
• El Dorado Hills summary

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