Three Ways to Escape the Summer Heat

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We're in the middle of summer, and we probably have at least another month of high temperatures in store for us. So, where can you take your family to cool off? I have three different places to share with you today.

The Roseville Aquatics Complex: This place features an Olympic size pool, a zero-depth recreational pool with beach entry, a 150-foot waterslide, and a children's play area.

Folsom Lake: You can water ski, wakeboard, tube, sail and swim on this lake. It's a wonderful place to visit if you just want to relax for a while. In the midst of our drought it's not as full as it should be, but it will fill back up sooner or later.

Lake Natoma: This is another great lake in the area, and it also features the Sacramento State Aquatic Center. This facility allows you to rent sailboats, paddleboards, kayaks, canoes, jetskis, and more.

These are some great ways to cool off this summer, but these aren't your only options. If you would like more ideas, please don't hesitate to contact me.

As always, refer to me as your #1 resource for real estate in the Sacramento area!

What's Happening in the Roseville Real Estate Market?

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Today I just wanted to provide you with a brief real estate market update for Roseville and Sacramento. I want you to know that it's been a fantastic year so far, and we're looking to continue onward with this momentum. 

Currently, inventory is very tight in the lower price points below $500K. This is pushing up prices, which is creating a move-up market. This is actually creating more demand in our higher price brackets because people are selling with a lot of equity left that they can use to move into bigger and better homes. 

This is causing prices to increase across the board, but this increase is very gradual right now. If you've been looking to buy a home, then now would be the time to do so because prices will only continue to increase. 

If you're trying to sell your home, I need to know what you expect out of a home sale in order to pinpoint what you can expect. 

If you need any help buying or selling in Roseville or Sacramento, please don't hesitate to contact me. I'm always willing to help you!

How's the Roseville Market Doing?

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Selling your Roseville home? Get a free Home Price Evaluation

The most common question we get here at the DeMattei Team is "How is the market doing?" There's no easy answer to this question because it depends on three factors:

• Location: The better the location, the better the market.
• Condition: The better the condition, the faster the home will sell and for more money.
• Price points: This is the most important factor, as market conditions vary greatly among the different price points. 

In our market right now, the under $300,000 market is red hot because there isn't a lot of available inventory. In the $300,000-$500,000 price point, we had about 1,500 homes for sale and we closed 843, which equates to an inventory of 1.8 months of inventory (a strong seller's market). Prices in this price range are stable right now and homes are selling.

The next range is the $500,000-$750,000 price range. In this range, we have 740 homes for sale, and last month we closed 227 homes, for a supply of 3.3 months. This is a neutral market where neither buyers nor sellers have a distinct advantage. If you're a seller in this price range, you really need to price your home in relation to what the comparable sales say it should be priced at. 

We start to see a very dramatic change in the $750,000-$1 million price range. Last month, there were 258 homes for sale and we closed 43, making this a buyer's market. There is a lot to choose from in this price point.

Finally, there is the $1 million+ price range, in which we had 249 homes for sale last month and only closed 12. This equates to a 20-month supply of homes and a distinct advantage for buyers in the luxury market.

The good news is that pending sales are up in every price range! This means we're moving more toward a seller's market in the higher price ranges. In the lower price ranges, it means prices are being pushed up slowly, and homeowners in that price range are building more and more equity. 

If you have any questions about market conditions in your specific area, or if you need real estate assistance of any kind, give me a call or shoot me a quick email. I would love to hear from you!