Real Estate News

Region’s home inventory up, but not for these buyers

Tour this historic house in Truckee on sale for $1.5M

The historic CB Kruger Whitehouse in Truckee is for sale for $1.5 million. The Victorian house is listed on the National Register of Historic Places and offers a prominent street front location on Donner Pass Road, 18 parking spaces and a variety
Up Next
The historic CB Kruger Whitehouse in Truckee is for sale for $1.5 million. The Victorian house is listed on the National Register of Historic Places and offers a prominent street front location on Donner Pass Road, 18 parking spaces and a variety

Some home-for-sale inventory gains were seen throughout the greater Sacramento region in April, but the number of available entry-level homes continues to lag, according to new figures reported by Lyon Real Estate.

Lyon said there were 3,175 active and available homes for sale at the end of last month, the highest standing inventory level in the region since November. The region includes Sacramento, Placer, El Dorado and Yolo counties.

Availability of entry-level housing, however, remains sparse, with only 1,101 properties available priced less than $400,000 at April’s end. Lyon said that represented less than one month of inventory.

Buyer demand remains strong, which has pushed prices upward.

John and Norma Cranshaw took out a subprime loan on their south Sacramento home in 2006 and later lost it to foreclosure. “They said they would be there to help us,” said John Cranshaw, 69. “Once they got the money, they were gone.”

Mark Glover: 916-321-1184, @markhglover

Related stories from Sacramento Bee

  Comments