Comments on: Sacramento real estate market – how will the slump end? http://www.rosevillehomesandland.com/blog/2007/06/29/sacramento-real-estate-market-how-will-it-go/ Roseville and Placer County Homes and Land Mon, 04 May 2009 22:09:45 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: John Lockwood http://www.rosevillehomesandland.com/blog/2007/06/29/sacramento-real-estate-market-how-will-it-go/comment-page-1/#comment-113 John Lockwood Sat, 30 Jun 2007 22:44:29 +0000 http://www.sacramentohomeshopper.com/blog/2007/06/29/sacramento-real-estate-market-how-will-it-go/#comment-113 Are we in a slump? I was up until two AM last night faxing an offer. If we get any slumpier I'm going to keel over. :) I'm hoping that once you've had two or three shifts of Elite floor time you're going to start writing about how tired you are. Of course in one sense you're right. As I've documented tediously on Sacramento-Home.com -- sales are down, inventory's up, etc. However, as you point out, in any market there are OPTs (Over Priced Turkeys) and many good bargains. The client I was up with last night is going to have an accepted offer (99.9% done, as I just heard from the agent) on an absolutely gorgeous home in a beautiful neighbhood, at $52,000 below TODAY's market value -- let alone what you could have touched it for two years ago. In fact, the home across the street diagonally from it has an offer on it for $193,000 more. Sure, it's not a great time to be a seller. That's why they call it a "buyer's market". Let's go shopping! Are we in a slump? I was up until two AM last night faxing an offer. If we get any slumpier I’m going to keel over. :)

I’m hoping that once you’ve had two or three shifts of Elite floor time you’re going to start writing about how tired you are.

Of course in one sense you’re right. As I’ve documented tediously on Sacramento-Home.com — sales are down, inventory’s up, etc. However, as you point out, in any market there are OPTs (Over Priced Turkeys) and many good bargains.

The client I was up with last night is going to have an accepted offer (99.9% done, as I just heard from the agent) on an absolutely gorgeous home in a beautiful neighbhood, at $52,000 below TODAY’s market value — let alone what you could have touched it for two years ago. In fact, the home across the street diagonally from it has an offer on it for $193,000 more.

Sure, it’s not a great time to be a seller. That’s why they call it a “buyer’s market”. Let’s go shopping!

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