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.
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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.
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