Eye-Opening Report: The California Real Estate Market



Overall, home sales and home sold prices decreased in California but not for each county. In today’s California housing market update, I provide all the latest details at the county level because there were some very big differences. Some areas are still surging ahead while others are lagging behind.

➜➜➜ Get Connected To a GREAT Real Estate Agent in Your Area

➜➜➜Or, email me if you’re looking to buy or sell a home in the greater Sacramento area (w/n ~30mn drive from Sacramento): jason@meetjasonwalter.com

➜➜➜ Treat me to a coffee or a craft brew here: buymeacoff.ee/JWalter

The California Association of Realtors (CAR) released August’s housing market stats. They reported that the median sold price for single family existing homes in California declined from $827,940 in August to $808,890 in September 2021.

Part of the reason for the decrease may be from a drop in luxury home sales, increasing inventory and seasonality.

In the Sacramento real estate market, CAR reported that the median home price decreased from $515k to $507k, a 1.6% month to month decrease in Sacramento California. Home sales in Sacramento CA increased 0.3% from August 2021.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is 3.08% for the current mortgage rates. This is mixed news if you’re a homebuyer right now or if you’re a homeowner looking to refinance.

Comment below: what’s your housing market 2021 forecast and housing market forecast 2021? Do you think a housing crash 2021 will happen and there will be a housing crash due to a housing bubble, a 2021 housing market crash 2021 or are your housing market predictions that the real estate market 2021 and home prices 2021 will continue to surge?

———————————————————————————-
Products I use and like: ad
My webcam
Clickfunnels
Tubebuddy
Virtual Assistants
AWeber

My no. 1 recommendation for real estate licensing in California (the same course I took): ad

***
Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com

*** FREE Sacramento Area Home Buyer Guide ➜
*** FREE Sacramento Area Home Seller Guide ➜

➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜

More of My YouTube Videos:

Why Aren’t Home Prices Dropping? Housing Market 2020

BEWARE – Why I Cancelled My Mortgage Loan Forbearance Offer

Mortgage Loan Forbearance Update (5 MAJOR CONS of Mortgage Loan Forbearance & More):

➜ PLAYLIST: Videos about Living in Sacramento

Moving to Sacramento? Top 10 Reasons to Move Here:

5 Pros & Cons of Living in Sacramento:

Royalty Free Music from Bensound

Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty One Group in California under DRE 01923240.

#Sacramento #housingmarket #California

25 comments

  1. Part 1 of this video: CA Housing Market Update
    https://youtu.be/oXzBYGVhQyQ

    Get Connected To a GREAT Real Estate Agent in Your Area:
    https://homeandmoney.com/jason/

    Please SUBSCRIBE HERE https://bit.ly/31kAR73

    More of my videos:
    Why Housing Inventory is LOW
    https://youtu.be/iZ1oOyIsRY4

    Homebuyer Alert: Should You Buy NOW or WAIT?
    https://youtu.be/VQM2Cvzzti8

    2008 Housing Market vs Now:
    https://youtu.be/rjsOnJF_538

    Options after Mortgage Loan Forbearances Ends
    https://youtu.be/RPvmn4mF7O0

    PLAYLIST: Videos about Living in Sacramento
    https://bit.ly/2TkXZSh

    Treat me to a coffee or a craft brew here: buymeacoff.ee/JWalter

    Products I use and like: #ad
    My webcam https://amzn.to/2QZMFZt
    Clickfunnels https://bit.ly/2GvfNWp
    Tubebuddy https://www.tubebuddy.com/jason808
    Virtual Assistants (video editing): https://bit.ly/3lYRujQ
    AWeber https://bit.ly/3jRO7JY

  2. perhaps lefty bs: thievery/homelessness/mandates in Northern Calif could be a reason for decrease in home sales?

  3. On a geeky note I really wish CAR would put headings on their columns all throughout their dataset instead of just the top. 🙂

  4. Can't sell a house in Monterey. House in a very good condition, everyone says it's priced reasonably. Have no idea what's going on. Lowered the price once already. Should I take it off the market and re-list in a month or lower the price more? Need to sell it within months.

  5. paid ad..fake news…bay area white hot real estate keeps getting hotter… hillsbourb, baligame, san bruno, sth sfo colma n onwards….1 property owner is a millionaire—multiple owners r multi-millionaire….from mexican gardener to chinese restaurant waiters…..neighbor sold $500,000.00 above list all cash offer…..in 4 days.

  6. Hi Jason, really enjoyed your videos as they are so well informed! Moved out of bay area in 2020 into Riverside where my parents are. We have a 5.5 bed 5 baths house on a hill here in Riverside for a bout 1.1m, which can only get me a 2-br townhome in the bay area if I am lucky. But… i still love the Bay Area especially for its scene, culture, and outdoor activities in general. Looking to buy in the Dublin area once the price levels out a bit, who knows when thou 😅

  7. if prices correct, I may pick up some land or a duplex for rental income as rents keep rising and people need place to live. My only concern on becoming a landlord is that if future covid mandates return it could wipe me out financially if a renter does not have to pay rent

  8. what does that tell you when the Median Home price goes up, yet sales go down? It means that there are less homes for sale and lots of buyers to move the median home price up. I thought that 2022 might be brought down in to the single digit (7%-8%) appreciation range in Southern California. Now, I am becoming more and more convinced that the Southern California home 'appreciation' will be in the double digits – close to 14% – 17%. This means that places like San Diego and LA might be seeing close to a $1,000,000 Median Home Value benchmark. Still way lower than San Fran, San Jose, Marin, etc…

  9. The decline is coming and everyone knows it. The inflation narrative will slowly shift to deflation.

  10. Santa Cruz is one county over from Santa Clara. Money people from Santa Clara County high tech driving prices up on a county with small inventory.

  11. My primary residence is in California and planning on buying a second home (vacation home) in Las Vegas NV, what tax liability do I have in both states other than property taxes?

  12. I closely follow 7 SoCal cities…plus Henderson NV… don't ask :-). I've seen inventory evaporate quickly in the last 10 weeks or so. It's incredible. I know there's the seasonality at play, but dang it is sparse. I guess everyone who wanted to cash out their monster CA equity and move to a cheaper state already did? Great info as always.

  13. Santa Cruz – Work from home Bay Area overflow perhaps?

    PS my husband did a UCSC alum 👍🏻😉

  14. Any youtuber gives out weekly updates on real estate is doing to get rich of youtube….. We all know homes prices doesn't change weekly. Its not crypto…

  15. Maybe condo sales have increased in price because typically they are in gated communities and people want to keep the riffraff out of their neighborhoods that California is awarding to Taxpaying upstanding citizens

Leave a comment

Your email address will not be published.