The Real Estate market has taken a hard hit these last couple years and the doom and gloom has been regularly publicized by the media. However, if you look at the statistics from our analysts at Lyon Real Estate over the period from January 2001 to October 2007, you can see there is a glimmer of light. There is still an overall growth in price per square foot for all four of the counties in the Sacramento area(Sacramento, El Dorado, Placer, & Yolo). The following graphs for Sacramento and El Dorado Counties show the trends in inventory verses price per square foot. Sacramento County has an overall increase in value of 71.17%, and El Dorado County has seen an increase of 66.71% for that time frame. The hardest hit by the downturn are those who bought after 2004. If you bought mid-late 2004 you are probably still at a break even point, and if you were lucky enough to buy before 2004 you can probably still show an increase in value. Though the market could go down more, for those who can buy, it is an amazing opportunity. Inventory levels are at a high, giving you more to choose from, and interest rates are just above 6% currently. If you would like the graph for Placer or Yolo Counties please email me at firstname.lastname@example.org and I would be happy to send it to you.
DeeDee Riley - El Dorado Hills Realtor - Lyon Real Estate - CABRE#01499004
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