– MARKET UPDATE –
Hello, hello!
The weather has really been throwing me for a loop these past two weeks. A friend recently told me this is what some people call “fake summer”—one day it’s 85 and sunny, the next it’s a chilly 65 with light rain. Still, I made the most of it! I hosted my first BBQ at my new place and held an open house in the Woods Circle development in Davis. I was glad to see that, despite the unpredictable weather, buyers are still motivated and showing up to explore new listings!
In real estate news, 10 properties that had been on the market for 30+ days have gone into escrow—congratulations to those sellers! Currently, there are 82 active listings and 43 pending properties on the market in West Sacramento.
Over the past two weeks, we have seen the following:
- Twenty- listings came on market (15 have gone pending).
- Median active price $628,833 (avg $628,256).
- Nineteen listings went pending.
- Median pending price $569,000 (avg $582,808).
- Five of the pending listings received multiple offers.
- Fourteen listings closed escrow.
- Median closed price $544,500 (avg $622,969).
- Two closings received multiple offers - the highest number of offers was 18!
- Five closings were above list price, while seven were under.
- All closings were conventional, except for two FHA financing.
Compared to the previous two weeks, we’ve seen a noticeable uptick in listing coming on to the market (+13), pending sales (+7) and closed (+3) escrows, along with a rise in list-to-sale price alignment. What's especially interesting is that while fewer properties received multiple offers this week, one listing stood out with a remarkable 18-offer frenzy— anecdotally, I think this listing was price too low.
The takeaway? Whether you're buying or selling, the market is moving, and strategy matters. As always, I’m here to help you make sense of the market and move forward with confidence. The next newsletter will arrive Thursday, May 8. See you then!
To access the Refresh Newsletter featuring neighboring communities, click or scan the QR codes at the bottom of this email.
Best,
Marcela Cardenas
(916) 384-5661
[email protected]
DRE# 02251851
Image description: Metrolist Chart showing active and pending listings in West Sacramento
– NEARBY HAPPENINGS –
West Sacramento Spring Earth Day Celebration | Saturday April 19th 10:00 - 1:00 PM | Bryte Park 425 Todhunter Ave, West Sacramento
Celebrate Earth Day and the arrival of spring at the West Sacramento Spring Earth Day Celebration—a vibrant, free community event hosted by the City of West Sacramento and Waste Management! Enjoy a day filled with learning, shopping, playing, eating, and connecting with local organizations making a difference in sustainability and community building.
– PICK OF THE WEEK –
The Social Animal by David Brooks
Picked by: Lori Prizmich
Written by American journalist David Brooks, the social animal brilliantly blends fiction and non-fiction elements. The two fictional characters’ emotional personality changes in different life stages are integrated with psychological, scientific, cultural, and sociology commentaries. Written in the style of accessible journalism, The Social Animal summarizes various scientific discoveries simply, giving us a better grasp of our emotions, intuitions, biases, longings, and social bonds.
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P.S.
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