Mather is a housing community with a history. The “Independence at Mather” development is a subdivision with 1271 homes that were built by KB Homes within the past ten years (with the strategic vision and planning of SHRA of course). Portions of the current housing tract were formally used as military barracks for military personnel from Mather Air Force Base just down the road, so when the base was decommissioned on October 1, 1993, it was a wonder what would happen to the land. Well, a subdivision was birthed and the old base was converted to Sacramento Mather Airport as well as for local commerce.
What’s been happening in the Mather, CA real estate market over the past six months? Let’s take a look at all sales listed in MLS.
Mather, CA Real Estate Market Data:
- 21 sales over past 90 days
- Low sale in past 90 days: $162,500
- High sale in past 90 days: $351,000
- Average days on market for sales: 85 days
- Current Pending listings: 10
- Current Active listings: 8
- Current Active Short Sale listings: 23
- Low Current Listing: a short sale at $99,000
What do you notice from the graphs and data above? Listings certainly are lower than they used to be, aren’t they? It appears that there are not as many sales at higher levels too over the past 90 days than in the previous 90 days. Short sales often are priced aggressively to help offset the negative perception in the minds of many buyers, and it is eye-raising that a majority of current listings are short sales. How do you think that will impact the market in coming weeks and months?
If you have any questions about the data above or Independence at Mather in general, feel free to give me a call. The size, location, condition, layout, design, lot size, amenities, upgrades and so many other factors can affect the value of your home. The information listed above is general and not specific to any particular point of data other than being located in Mather. For a more detailed analysis of your home, please contact me at 916-595-3735 or www.lundquistcompany.com or “ryan [at] lundquistcompany [dot] com”. Additionally, if you purchased your property in recent years and you feel that your house has gone down in value, but the Assessor’s office has not recognized that decline, let’s talk about what your options may be.