Sacramento County, CA Real Estate News

By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Occasionally, real estate professionals will debate the pros and cons of sharing trade secrets.Although, I am now a retired Realtor after 40 years, I remember thinking when I first entered the real estate business in November 1981 that I was entering a "cut-throat" business.This month, Debe Maxwell has presented the ActiveRain “2022 Thanksgiving Gratitude Challenge.”  This Challenge offers an opportunity to contemplate blessings we enjoy.My first office, had about a dozen experienced professional old-timers in it, and I was the rookie.  Imagine my shock when I asked the question, "What's the interest rate these days?"  The answer was an incendiary 18 1/2%.  I thought how can I sell real estate in a market like this? The agent at the desk behind me coaxed me to look for the 1 in 20 house...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
I must admit I've been quite envious of my ActiveRain blogger friends who live in New England, a place legendary for autumn leaf colors strutting their seasonal glory.George Souto has posted his lovely Fall Progression of Colors. And, Ed Silva has provided delightful Fall Colors postings.However, during a trip to my local BelAir grocery store in Gold Center Village, I found these beauties in the shopping center parking lot. 
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
I must confess I was born under a wanderin’ star! Because of that, I often feel blessed living in Sacramento.  There are so many wonderful places to visit within a couple hours of home. I am fortunate to be within 100 miles of San Francisco, Lake Tahoe, Napa Wine Country and California Gold Country.  It isn’t unusual for me to leave home to run a local errand or two, but find my car has performed the equivalent of a butt dial, which ultimately transports me to a destination like those mentioned above. I’m a road trip kinda gal! This month, Debe Maxwell has presented the ActiveRain “2022 Thanksgiving Gratitude Challenge.”  This Challenge offers an opportunity to contemplate blessings we enjoy.For my second entry of this challenge, I wish to express that I feel blessed America has so many...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
 I woke early this morning (4:15 am).  Too lazy to get out of bed, but too awake to return to sleep, I turned on the TV.  Today, Netflix released the movie, “Where the Crawdads Sing.” The flick centers on the life of Catherine Danielle Clark (nicknamed “Kya” also known as “Marsh Girl”). Kya is initially unschooled and suffers prejudice from Barkley Cove, North Carolina townsfolk. In 1952, at six years old, her mother abandons Kya and the family, due to the father’s drunkenness and physical abuse.  As years pass, Kya's siblings leave home. Ultimately, she is left alone with the father.  It is on October 30th 1969, when there is a suspicious death of Kya’s abusive ex-boyfriend, that she finds herself the prime suspect, and endures trial.  The movie offers delightful Carolina marsh and swa...
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By Wendi-Mae Davis, CRS, GRI, Broker Associate
(Future Homes & Real Estate)
A RECESSION DOES NOT EQUAL A HOUSING CRISIS... Many, are concerned by what they have been hearing on the news…I hope to put to rest, some-if not all of your concerns-Right here, and now 😊#1-A Recession does NOT equal a Housing Crisis-No need to fret over what is nothing more than FAKE news, or just know-It simply is not the complete message.I have seen, and personally experienced many “ups” and “downs” in the more than 3 decades, that I have been a Realtor/Real Estate Counselor…I make sure to do the appropriate research-and have access to the right people (Top Local Economists/Appraisers), so as to properly counsel those I serve.HERE ARE JUST A FEW REASONS WHY WE ARE NOT HEADED FOR A CRASH IN OUR MARKETPLACE~1-The Supply VS. Demand Ratio…We still do not have enough available housing for...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
One of the assets we have in the Greater Sacramento Region is the American River Parkway.  I feel especially blessed to live within a couple blocks of it.  The American River Parkway is an urban treasure, which spans 23 miles, and covers 4,800 acres.  It stretches along the American River, from Old Sacramento to the City of Folsom.No matter what troubles are percolating at home or abroad, a short walk, bike ride, or even drive to the Parkway, can transport one into a different realm - One where nature sets the world right once again.Several times each month, I find my way to The American River Parkway, to take in serene views of the river, the fauna and flora. I especially enjoy seeing critters that reside there.  Often, there will be deer, wild turkeys, rabbits, raccoons, and occasiona...
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
The Fed just raised rates once again with a promise of more to come.  Even safe assets are being hit hard.  Michael Murphy, the author of The New World Investor blog, says, "The 10-year US Treasury bond is on pace for its worst year in history with a loss of 19.5%....This is THE risk-off asset.  Never in history, in an extreme draw down for stocks, have Treasurys, THE risk-off asset, gone down more than stocks-until now."  Stocks, bonds and Cryptocurrencies are all down.  I may not have a crystal ball when it comes to the housing market, but, to paraphrase the incomparable  Betty Davis, fasten your seat belts, it's going to be a bumpy ride.  Elk Grove Market Statistics for OctoberView Homes in Elk GroveOur Elk Grove market does not look too bad when you compare year over year numbers.  ...
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
This new Elk Grove listing, 5332 Coral Creek Way, just came on the market today.  It is a three bedroom, two bathroom, 1,273 square foot home.  It features new floor tile, new carpets, granite counter tops, Hunter Douglas shutters, a custom interior color scheme, a newer roof and a spacious backyard. The two backyard patios creates a perfect environment to entertain friends and family or just to sit back a relax.There has been a pest inspection and all section one work (Section 1, in this case was a few areas of dry rot) has been completed. Most of the back three sides of the home has been painted.  The deep red accent trim also has been freshly painted. Neighborhood parks and schools are close by and it is conveniently close to shopping.Give me a call if you would like to view the home...
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
I like to say that my clients are my friends or friends to be.  In this case, my good Runnin for Rhett friends, Gary and Nancy, reached out to me to help them sell their long time home.  It was an unexpected move for them.  Their renter decided to move out and Gary and Nancy decided it was time to downsize.  There was a lot to do in a short amount of time.  The yard needed some work, a deck needed shoring up, some carpet needed replacing and there was quite a bit of painting to do.  Gary and Nancy ended up being dynamos.  I really do not know how Gary did it.  He broke his clavicle about half way through the process. It did not slow him down.  They were both amazing and the results were fantastic.  Just look at what they did with the backyard! The work they did on the interior of the ho...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Temps in Sacramento have been especially pleasant. Yesterday, after finishing a gym session, my brain must have performed the equivalent of a butt dial, because instead of heading home, my car veered right, and quickly found its way onto Highway 50 headed east toward Apple Hill.Apple Hill is a pleasant 40 mile drive from Sacramento.  And, it’s even closer from my home!  It is a community of more than 50 farms that grow an array of apples, pumpkins and Christmas trees, in addition to there being a few wineries.  In autumn, it is a favorite destination.  At Boa Vista Farm I bought a couple bottles of Chipotle Lime Salad Dressing, Pears and Honey Crisp Apples. At the High Hill Ranch pond a resident goose shared an apple walnut donut with me.More information is available at: High Hill Ranch.
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Runnin for Rhett's inaugural Farm to Fort event was held last night.  The event featured numerous local restaurants serving tasty bites of their fair along with samples of local wine, beer and spirits.  Historic Sutter's Fort was the perfect cozy venue to enjoy the delightful fall evening and the night's entertainment, David Garibaldi's energetic painting of two American icons.  His first painting was a very vibrant Mickey Mouse.  It is amazing how Mr. Garibaldi uses broad brush strokes, flings paint at the canvas and, for lack of a better description, finger painting to create such unique artwork.  How quickly can you guess the second icon Mr. Garibaldi created in this short video? Hint, he rotates the canvas 180 degrees for the final reveal. DJ Eddie Z inspired many in the crowd to da...
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
A bunch of my Runnin for Rhett buddies and I play pickleball every Friday evening, then we all head over for pizza and beer.  The social side of pickleball is one of the great attributes of the game.   You may have noticed that Brian England and I have had a friendly debate on some of those attributes lately and have even come up with our own custom hashtags.  My first hashtag, #BrianBrianBrian, denoted my vexation at his reluctance to the game.  Of course, Brian countered with, #NoPickleballForBrian, which seriously cracks me up every time he uses it.  Recently, I have added, #ItsJustAMatterOfTime. I do understand Brian's reluctance, though.  I was once decidedly anti-pickleball.  I even told my dad a few years ago, "No dad, I am not chasing a silly little plastic Wiffle Ball around a ...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
One of my favorite places in Greater Sacramento for family gathering is El Tapatio in the community of Citrus Heights. Last evening, my daughter, Jill's birthday gave reason for us to find way there once again. Good food, live meandering guitars, and each other's company made it all really special. And, OH, the take home boxes! The address for El Tapatio is: 5637 Sunrise Boulevard, Citrus Heights, CA 95610Their El Tapatio website is: https://www.eltapatiocuisine.com 
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Welcome to 8943 Clancys Court!  This home, located in Old Elk Grove, is a three bedroom, 2 bathroom, 1,598 square foot home.  It has a large room full of light at the front of the home that would make a great office, den or fourth bedroom.The previous owner was a tile contractor and installed beautiful tile floors in the kitchen, nook, entry and both bathrooms.  He also installed granite counter tops.     One of the things I really love about Old Elk Grove is the large yards with mature landscaping.  You will love this yard!     There is a nice sized shed on the West side of the home for extra storage and, with a little modification, there is space for a boat or maybe even a small RV.If you have a family, you will be thankful that this home is located very close to Markofer Elementary, ...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
It's a quiet Sunday evening at my house. Not a whole lot is going on. I thought about going to the Greek Food Festival in town, but was afraid I'd be too tempted to dance. I did cook up a pleasant little supper though. It consisted of Broiled Lobster Tails with Lemon Butter and Garlic. There was also Coconut Jasmine Rice, Sweet Kale Salad and a Cheddar Biscuit. I had Hot Spiced Cider to drink. Life is so beautiful in its simplest form.I hope you have all had a pleasant weekend!
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
Elk Grove Real Estate Market UpdateWe are barely holding on to yearly gains for our median and average prices in Elk Grove, but the average price per square foot is even for the year.  Sales volume is was down and days on market are up.  We hit a high in April of $703,000 for the average price of homes sold and then the Fed started raising rates.  Their goal was to slow the labor market down and bring down housing prices.  They have done a good job of driving our prices down in Elk Grove.   Our market is down 8.9% in 5 months.  That is $64,000! Here are a couple of interesting tidbits from Motley Fool: US median income is up ~15% since 2019. US median house price is up ~50% since 2019. Mortgage prices have gone from 2.75% to almost 7% this year. The typical home buyer's monthly mortgage...
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
When I purchased my boat a few years ago, many of my friends told me that was one of the two happiest days of owning a boat, the other being the day the boat is sold.  I have to say, that is just not true.  We have had a blast on our boat and we are sorry to see it go, but we are moving to Arizona and our boat prefers California waters. It is an 18', open bow, 2005 Sea Ray. It comes with our boat trailer and matching cover.  The engine has just been serviced and we replaced both trailer tires.  The engine had 115 hours on it.  Although we have only fished off of our boat a few times, it does come with a fish finder.We have had a lot of fun on the boat and it is in great shape, but we just do not think we will get a chance to use it much in Arizona.  Funny thing, all my pictures are poin...
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By Ray Henson, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
We are blessed to have some great wineries within a short distance from Elk Grove.  There are some fun place to go in Clarksburg, just West of Elk Grove on the Delta.  There is the Lodi area and, of course, there is the world famous Napa area less than two hours away.  We recently visited the Amador Wine Region.  With over 40 wineries to choose from in the area, there is a lot of variety.  We visited Jeff Renquist Wines,  Rombauer and Villa Toscano. Jeff Renquist WinesWe thoroughly enjoyed our time here.  The gentleman that poured us our wine was very friendly and made sure to explain each wine that we tried and there were several that I thought were outstanding.  I ended up purchasing the 2021 Viognier,  the 2021 Chardonnay, the 2020 Barbara and the 2020 Estate Zinfandel. RombauerThis ...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
While pondering which experience to reveal in the ActiveRain Crazy Real Estate Agent Story Challenge this month, I had many  old memories surface from my 40 years as a real estate agent.  In last month’s challenge, I told the tale of listing the home of an elderly couple who had a very abusive adult son, living with them.  Their desire was to escape his abuse. They hoped to sell their home without his realizing it.  We put the home on the market without a sign.  All showings were arranged through me, and the home shown while the son was at work, or otherwise occupied.  The home sold quickly.  During the last days of escrow, an uncle who lived approximately 100 mile north of us, helped out by arranging for the son to visit several days.  During his absence, the son’s belongings were put ...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
This morning I heard a cute pirate joke - What do pirates call Noah's boat? The Arrrrrck.It prodded me to remind everyone that tomorrow is the 27th Annual “International Talk Like a Pirate Day.”For my family, “International Talk Like a Pirate Day,” celebrated each September 19th, has struck a resonate chord almost from the moment of its inception years ago.  It is a day we have cut loose modern convention, and freed our Inner Pirate!In the past I have photo-blogged our pirate party adventures.  They came with such themes as “Where Pirates Go” and “My Big Fat Greek Pirate Party.”For a little International Talk Like a Pirate Day history, its inception began in 1995 by John Baur and Mark Summers from Albany, Oregon.  These two proclaimed September 19th of each year, as a day folks around t...
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Sacramento County, CA Real Estate Professionals