I’m not into The Bachelorette or The Real Housewives. It’s just not my thing. But I love me some real estate drama. I’m not talking about HGTV, but the housing market. I know that elevates my nerd status, but I’m hyper focused on fresh stats, ups and downs, and things that make the market move.
(scroll down for a big market update instead)
AN EXCEL FILE FOR CHRISTMAS? Today I want to share some new neighborhood visuals and I’d like to give you an Excel template so you can quickly make these images for neighborhoods in your area. Does that interest you? If I have consensus I’ll post a template with instructions next week.
DRAMA IN THE NEIGHBORHOOD: What can you tell me about this neighborhood (East Sac)? What stands out to you about the relationship between price and square footage, lot size, and bedroom count? I made these images in a couple of minutes with the template I mentioned.
What do you think? Do you like any of these images? Any ideas for something else to show in a quick template like this? Let me know.
UNCLE RYAN’S LAME GIFT: I know it’s odd to wrap an Excel file for Christmas, but let me know if this would be relevant. You can use it for studying neighborhoods, explaining the market to clients, or for newsletters / social media. If there’s enough interest I’ll make a video tutorial. You don’t need to be an Excel guru either. This is something anyone can do with a little effort.
FOX 40 INTERVIEW: By the way, I did a 15-minute live segment last week on Fox 40. We talked about Sacramento being poised to have the strongest market in the country next year according to Realtor.com. Watch here if you wish.
Thanks so much for being here.
———————- (skim or digest slowly) ———————–
BIG MARKET UPDATE
For those interested, here’s a big Sacramento market update:
MARKET SUMMARY: In short, we’ve been seeing the drama of a spring real estate season during the fall months. The housing market has been on steroids and the slower fall season we normally have just didn’t happen. Well, technically we are seeing some stats start to slow down as prices have gone sideways lately and we’re seeing fewer sales like we normally do in November and December. But here’s the thing. The “slower” stats are still so elevated from where they should be that it just doesn’t feel slow at all.
- Half of all sales sold in seven days or fewer last month
- For six months in a row sales volume has outpaced last year
- We only have three weeks of supply (that’s crazy low)
- We have the lowest monthly inventory in 15-20 years (at least)
- Buyers made twice as many offers last month compared to last year
- The number of listings has been chopped in half
- Price metrics are up about 12-14% from last year
- November 2020 regional volume is up 25% from November 2019
- 63% of all sales had multiple offers last month
- There were 53.6% more multiple offers compared to last year
- Each sale last month had an average of 3.22 offers
- Sales volume is up about 2% over the past 12 months
- There were 106% more million dollar sales from July to November
WAY TOO MANY VISUALS:
You are welcome to use these in newsletters and social media with proper attribution. Scroll quickly or digest slowly.
EL DORADO COUNTY:
Thanks for being here.
Questions: What are you seeing in the market right now? Any stories to share? Are you interested in my Excel template? I’d love to hear your take.