Cash feast update in Sac, Placer & Yolo County

Here are the latest stats for cash purchases in Sacramento, Placer & Yolo County. When considering all price levels in 2012, there has been a huge increase in cash in Sacramento, but only a moderate uptick in Yolo County and no real increase in Placer County. Sales under the $200,000 level, however, have seen an increase in all counties (though Sacramento is much higher than Placer and Yolo).

One hedge fund bought 7.5% of the market: If you’re following hedge fund activity in the market, it’s interesting to note THR California LLC (Blackstone) has purchased 296 sales on MLS since August 1, 2012. This accounts for 7.5% of the market under $200,000 in Sacramento County during the past few months. It’s safe to say they are the dominant factor in the stats below when considering cash sales have increase by 8% from Q3 to Q4.

Any thoughts? I’d love to hear your perspective.

Cash Sales in Sacramento Placer and Yolo County through December 17 2012- Graph by Sacramento Appraisal Blog

cash in Sacramento County and Yolo County and Placer County Chart - by Sacramento Appraisal Blog - 530 pixels

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Quote in SacBiz Journal: By the way, I was quoted in the The Sacramento Business Journal last week in their piece “Housing market benefits as more young families seek homes“. Check it out if you’d like.

If you have any questions or Sacramento home appraisal or property tax appeal needs, let’s connect by phone 916-595-3735, email, Twitter, subscribe to posts by email (or RSS) or “like” my page on Facebook

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