Greater Sacramento 2022 Q1 Market Report

Page 1

2022 Q1 MARKET REPORT TRI-COUNTY | EL DORADO | PLACER | SACRAMENTO

FREEDOMRANCHNV.COM

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Contents Chase International

3-4

Market Opinion

5-6

El Dorado County

7-8

Placer County

9-15

Sacramento County

16-20

Chase Ready

21-22

My Home Value?

23-24

Chase International

25-28


888.70.CHASE | chaseinternational.com


Live Well. Work Well. Love Well. One of life’s blessings is home ownership and the excitement of choosing the right place to live. When your home is your sanctuary and harmonious, it feels good. The house and how we live in it is important for our joy, health and success. Our economic opportunities grow as we continue to welcome a real estate market exceeding people’s desires. Inventory is still being purchased at a robust rate and the market demands deeper attention to pricing. In Greater Sacramento, there is an increase in new home developments with land abundant for new construction projects and communities. The number of new listings has increased and so have home prices within the last 90 days, revealing that the market is ramping up to be another hot real estate summer. The Northern California housing market, specifically Sacramento, has been identified as one of the top housing markets in the country. With its proximity to San Francisco and the increasing likelihood that many tech companies in the Bay Area will continue to allow their employees to work remotely through next summer, it opens the opportunity for people to rethink where they call home. Chase International has opened a Regional Real Estate Center in Roseville, California. This elegant one of a kind location brings together all the key tools and resources needed for seamless and successful transactions so clients can connect to an experienced Chase Real Estate professional to guide them to a home where they will flourish and thrive. It’s a great time to sell and a great time to buy! If you’re considering selling, you’re able to get your preferred price range. If you’re considering buying, your investment is likely to increase in value in the long-term since the housing shortage is projected to last up to ten more years. Our Chase Ready program makes it easier for sellers to sell and buyers to buy. Sellers are able to increase their fair market value and decrease challenging negotiations or fall-out. While buyers can make a confident and educated decision when making an offer, having the Chase Ready program by your side creates opportunities where everyone wins. If you would like to learn more, please call our local office 888 70 CHASE.


El Dorado Hills 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$187,545,118

$201,458,080

Number of Sales

171

214

Average Sales Price

$1,096,755

$941,393

16.50%

Median Sales Price

$975,000

$810,277

20.33%

Average Price Per Sqft.

$372.65

$306.55

21.56%

Average Days on Market

20

21

-4.76%

List to Sales Price Ratio

98.96%

97.6%

SALES VOLUME 2022 $187,545,118 2021 $201,458,080

888.70.CHASE | chaseinternational.com Information gathered from MetroList 04/01/2022

UNITS SOLD 2022 171 2021 214

% Change -6.91% -20.09%

1.39%


Placerville 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$33,685,100

$29,487,076

14.24%

Number of Sales

60

66

-9.09%

Average Sales Price

$561,418

$446,774

25.66%

Median Sales Price

$530,000

$432,500

22.54%

Average Price Per Sqft.

$306.13

$275.04

11.30%

Average Days on Market

33

33

0.00%

List to Sales Price Ratio

97.77%

98.39%

-0.63%

SALES VOLUME 2022 $33,685,100 2021 $29,487,076

UNITS SOLD 2022 60 2021 66

% Change


Auburn 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$78,468,288

$86,970,071

-9.78%

Number of Sales

115

142

-19.01%

Average Sales Price

$682,333

$612,465

11.41%

Median Sales Price

$610,000

$564,500

8.06%

Average Price Per Sqft.

$351.34

$295.38

18.95%

Average Days on Market

20

38

List to Sales Price Ratio

98.16%

98.04%

SALES VOLUME 2022 $78,468,288 2021 $86,970,071

888.70.CHASE | chaseinternational.com Information gathered from MetroList 04/01/2022

UNITS SOLD 2022 115 2021 142

% Change

-47.37% 0.12%


Granite Bay 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$73,017,284

$74,135,075

Number of Sales

56

65

Average Sales Price

$1,303,880

$1,140,540

14.32%

Median Sales Price

$1,217,500

$986,000

23.48%

Average Price Per Sqft.

$398.96

$336.40

18.60%

Average Days on Market

21

40

List to Sales Price Ratio

98.83%

97.3%

SALES VOLUME 2022 $73,017,284 2021 $74,135,075

UNITS SOLD 2022 56 2021 65

% Change -1.51% -13.85%

-47.50% 1.57%


Lincoln 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$203,265,551

$162,945,337

Number of Sales

279

261

6.90%

Average Sales Price

$728,550

$624,312

16.70%

Median Sales Price

$675,000

$551,632

22.36%

Average Price Per Sqft.

$344.21

$284.28

21.08%

Average Days on Market

19

20

-5.00%

List to Sales Price Ratio

100.78%

98.34%

SALES VOLUME 2022 $203,265,551 2021 $162,945,337

888.70.CHASE | chaseinternational.com Information gathered from MetroList 04/01/2022

UNITS SOLD 2022 279 2021 261

% Change 24.74%

2.48%


Twelve Bridges 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$49,771,460

$39,814,501

25.01%

Number of Sales

52

42

23.81%

Average Sales Price

$957,143

$947,964

0.97%

Median Sales Price

$736,670

$811,500

-9.22%

Average Price Per Sqft.

$343.71

$285.08

20.57%

Average Days on Market

27

26

3.85%

List to Sales Price Ratio

100.29%

98.39%

1.93%

SALES VOLUME 2022 $49,771,460 2021 $39,814,501

UNITS SOLD 2022 52 2021 42

% Change


Loomis 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$57,719,000

$57,960,000

Number of Sales

37

52

Average Sales Price

$1,559,973

$1,114,615

39.96%

Median Sales Price

$1,150,000

$875,000

31.43%

Average Price Per Sqft.

$480.97

$424.90

13.20%

Average Days on Market

34

39

-12.82%

List to Sales Price Ratio

96.02%

96.63%

-0.63%

SALES VOLUME 2022 $57,719,000 2021 $57,960,000

888.70.CHASE | chaseinternational.com Information gathered from MetroList 04/01/2022

UNITS SOLD 2022 37 2021 52

% Change -0.42% -28.85%


Rocklin 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$163,026,090

$144,909,580

12.50%

Number of Sales

220

244

-9.84%

Average Sales Price

$741,028

$593,892

24.77%

Median Sales Price

$697,500

$578,000

20.67%

Average Price Per Sqft.

$343.79

$284.11

21.01%

Average Days on Market

16

17

-5.88%

List to Sales Price Ratio

100.01%

100.85%

-0.83%

SALES VOLUME 2022 $163,026,090 2021 $144,909,580

UNITS SOLD 2022 220 2021 244

% Change


Roseville 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$320,960,153

$274,423,406

Number of Sales

478

466

Average Sales Price

$671,465

$588,891

14.02%

Median Sales Price

$659,450

$565,000

16.72%

Average Price Per Sqft.

$348.93

$288.05

21.14%

Average Days on Market

16

14

14.29%

List to Sales Price Ratio

100.09%

100%

-0.19%

SALES VOLUME 2022 $320,960,153 2021 $274,423,406

888.70.CHASE | chaseinternational.com Information gathered from MetroList 04/01/2022

UNITS SOLD 2022 478 2021 466

% Change 16.96% 2.58%


Sacramento 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$315,624,938

$324,143,258

-2.63%

Number of Sales

517

583

-11.32%

Average Sales Price

$610,493

$555,992

9.80%

Median Sales Price

$540,000

$525,000

2.86%

Average Price Per Sqft.

$400.12

$348.02

14.97%

Average Days on Market

23

24

-4.17%

List to Sales Price Ratio

98.96%

99.97%

-1.01%

SALES VOLUME 2022 $315,624,938 2021 $324,143,258

UNITS SOLD 2022 517 2021 583

*Sacramento stats include Arden Arcade, Carmichael, Curtis Park, East Sacramento, Fair Oaks, Land Park, Midtown

% Change


Folsom 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$167,544,664

$134,964,647

24.14%

Number of Sales

199

204

-2.45%

Average Sales Price

$841,933

$661,591

27.26%

Median Sales Price

$800,000

$627,500

27.49%

Average Price Per Sqft.

$389.78

$328.52

18.65%

Average Days on Market

21

12

List to Sales Price Ratio

99.00%

100.35%

SALES VOLUME 2022 $167,544,664 2021 $134,964,647

888.70.CHASE | chaseinternational.com Information gathered from MetroList 04/01/2022

UNITS SOLD 2022 199 2021 204

% Change

75.00% -1.35%


Elk Grove 2022 Q1 Statistics | January 1st - March 31st

SINGLE FAMILY

2022

2021

Volume of Sales

$265,068,475

$215,077,658

Number of Sales

385

390

Average Sales Price

$688,490

$551,481

24.84%

Median Sales Price

$650,000

$530,000

22.64%

Average Price Per Sqft.

$342.33

$276.91

23.63%

Average Days on Market

14

11

27.27%

List to Sales Price Ratio

98.90%

100.97%

-2.05%

SALES VOLUME 2022 $265,068,475 2021 $215,077,658

UNITS SOLD 2022 385 2021 390

% Change 23.24% -1.28%


INTRODUCING, CHASE READY Make your home ready to SELL and easy for buyers to BUY!

916 234 0247

888 70 CHASE


Stand out from the crowd with Chase Ready With Chase Ready, your home will stand out from the crowd by providing buyers full transparency on the condition of your home. Buyers will know what they are purchasing and can make an educated and confident decision when making an offer on your property. Your home is ready to SELL and easy for buyers to BUY!

What distinguishes a Chase Ready Property? Prior to putting your home on the market, Chase Ready Properties have completed the following: Full Home Warranty for Buyers: Coverage for the sellers during the listing period Property Inspection Fully Completed Disclosures Preliminary Title Search Completed Natural Hazards Disclosure Report Completed Sewer Clearance if necessary Defensible Space Evaluation if necessary

Benefits to Sellers ELIMINATE SURPRISES Eliminates virtually all major surprises that often occur during the inspection process.

SAVES TIME & MONEY Allows you to cost-effectively complete repairs and improvements.

REDUCES STRESS Greatly reduces the stress and lost time of canceled transactions.

Benefits to Buyers CONFIDENCE Enable buyers to make educated and confident decisions when writing an offer.

SECURITY Protect buyers from the cost of systems repairs during the first year of ownership.

CHASEINTERNATIONAL.COM/READY


888.70.CHASE | chaseinternational.com


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gain, contentment as the highest wealth, awaken its note of joy in the human kingdom. – Dr. Jayanath Abeywickrama

CHASE GLOBAL INITIATIVE

The Hela Bima Rice Project At Chase International, we are proud to make a real difference in our world by supporting over 1,000 traditional rice farmers in Sri Lanka. Over 3.5 billion people consume rice, mostly unhealthy hybrid varieties. The Hela Bima Rice Project and Chase International join forces to grow 2,000-year-old pure, whole varieties of rice (hidden for over 500 years) with human loving, nature friendly and sustainable farming practices, using the wisdom of their ancestors. We support education, fund schools, build state-of-the-art, eco-friendly rice mills, storage and packaging facilities. Since 2011, Chase International has empowered the farmers, their families, children and villages to live healthy lives. The Hela Bima Rice Project is awakening and educating the world, honoring the farmers, their rice and well-being. This relationship with the farmers creates a circle of abundance in all of our lives.

Making a difference: Our mission is to bring awareness to how we see FOOD, giving value and respect for all human beings.


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ONE COMPANY.

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OVER $2.6 BILLION IN ANNUAL SALES. Chase International is one of the nation’s most successful independent real estate firms specializing in unique and distinctive properties in the Northern Califonia, Tahoe, and Reno regions. With more than 350 compassionate and determined REALTORS® in 12 locations, we are committed to our clients’ success. We have more qualified luxury professionals and top lakefront specialists with the experience and connections to serve all your needs. We empower people to achieve unlimited possibilities, make magical life decisions, and bring peace and harmony into their lives. This is our secret power. Put the Chase Power of Success to work for you.

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