News, insight and some thoughts about the Sacramento-area real estate market

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March 14, 2008

Return of the $200,000 house

Last September I started watching an obscure corner of the monthly sales report generated by the Sacramento Association of Realtors. It was the part telling what percentage of homes sold in the county and in West Sacramento were priced below $200,000.
In September that percentage was 9.5 percent.
I remember thinking that seemed like a lot.
The newest association report for February arrived via e-mail a few minutes ago. Last month 29.7 percent of single-family homes sold in the county and in West Sacramento were priced below $200,000.
Even the category under $140,000 is now making a splash. They were 13.4 percent of sales.

I checked out the same for Placer County. Only four houses in the entire county - 1.6 percent of all sales - were below $200,000.