Sacramento Market Update 12.11.2024

by Paul Peletta

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New logo, who dis? New and improved website too!  Let me know what you think about the new logo and upgraded website, you know I love feedback.

Recently, I sent out a bunch of letters to expired and canceled listings.  I heard back from one of the homeowners.  They were disgruntled with their previous agent and canceled the listing after being on the market for almost two months.  We set up a meeting, discussed their options, my processes, and signed a new listing before I left the appointment.  That was three weeks ago, and now four days after our on-market date we are in contract.  Communication and price are the key to any good sale and transaction.  In this particular instance, communication and clarity were missing.  I was more than happy to provide it.  High priced homes, luxury homes, low priced homes, it doesn't matter.  Everyone I work with gets the same level of service, the communication and the desire to sell the home for the most amount of money, in the least amount of time.  We still have a ways to go before closing, but we'll do everything possible to make it as smooth and painless as possible.

We now have four consecutive weeks of positive purchase applications.  We also have mortgage rates coming down a little bit further after all the job reports last week.  Later this morning we'll get to see what CPI numbers are printed from November.  If CPI surprises to the upside we could get a negative reaction to the 10yr yield and mortgage rates, so I'll be watching closely.  As of now, potential sellers should be preparing for the Spring 2025 market.

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com
Curious About Your Home's Current Value?
 

Listing Highlight

Don't miss out on this exciting opportunity to own this light fixer, and first time home buyer's blank canvas in the Valley Hi/North Laguna neighborhood. This 2 bedroom, 1 bathroom is a corner lot, located on one of the most sought-after interior streets in the neighborhood. The corner lot and lot size provide a unique opportunity to provide RV access, build an additional unit, or a pool. Located in the Elk Grove Unified School District, this home is walking distance to the elementary and middle school, as well as minutes away from both major freeways I-5 and Hwy 99, public transportation, light rail stations, Consumnes River Community College, the Delta Shores shopping center, restaurants, the Sacramento River, and Clarksburg wine country. This makes it an appealing investment to those looking for a rental property or those looking for their starter home. This house is just waiting for your own personal touches and creativity inside. Any buyer would be excited to call this property their own.

  Listed at $337,500 by Paul Peletta - GUIDE Real Estate
101 Majorca Cir, Sacramento, CA 95823

Know someone who may be interested? Let me know at paul@guiderealestate.com
 

Interest Rate Update

*These rates are courtesy of Dara Delgado - Home Loans*
 

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