Business & Real Estate

Sacramento County home sales: Best September in eight years

Paul Anderson, a first-time California home buyer, looks around a house for sale with agent Becky Lund of Lyon Real Estate, Tuesday, Aug. 23, 2016. Sacramento County home sales continued at a brisk pace in September according to Irvine-based real estate market tracker CoreLogic
Paul Anderson, a first-time California home buyer, looks around a house for sale with agent Becky Lund of Lyon Real Estate, Tuesday, Aug. 23, 2016. Sacramento County home sales continued at a brisk pace in September according to Irvine-based real estate market tracker CoreLogic

Amid reports of high buyer demand from residential real estate brokerages in the region, Sacramento County home sales continued at a brisk pace in September.

Resales of single-family homes in the county totaled 1,955 last month, down slightly from 2,048 in August but up 7.7 percent from 1,815 in September 2015, according to Thursday’s report by Irvine-based real estate market tracker CoreLogic.

The median sales price among last month’s transactions was $310,000, down from $311,000 in August but up nearly 11 percent from $280,000 in September last year.

“Sacramento County had relatively strong year-over-year gains for the median sale price and sales, which were the highest sales for a September in eight years. Sacramento County total sales for this summer, June through September, were the highest in eight years too,” said CoreLogic analyst Andrew LePage.

County home prices remain well short of the record median of $374,000 from August 2005.

Sacramento September ZIP home sales map 

There were 205 new-home sales in Sacramento County last month, up from 197 in August and 177 in September 2015. The median sales price among last month’s new-home sales was $405,500, down from $409,000 in August but up nearly 6 percent from $383,000 in September last year.

Earlier this month, Sacramento’s Lyon Real Estate and the regional office of Coldwell Banker Residential Brokerage reported that resale home inventory throughout the greater Sacramento region was low, but buyer demand remained relatively high.

In the nine-county Bay Area, 7,974 new and resale houses and condominiums sold in September, up 1.4 percent from 7,862 in September 2015. CoreLogic said the median price paid for all homes sold in the Bay Area in September was $654,000, down 1.7 from $665,000 in August and up 3.8 percent from $630,000 in September 2015.

In the six-county Southern California region, 20,927 dwellings sold in September, down less than 1 percent from 21,093 in September 2015.

Mark Glover: 916-321-1184, @markhglover

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