TRENDGRAPHIX MONTHLY REAL ESTATE REPORT
BROUGHT TO YOU BY
Lyon Real Estate
& Natalia Budilo, GRI626-486-5360
F O R I M M E D I A T E R E L E A S E
Sacramento Region
May 10, 2013
EXUBERANCE FOR SACRAMENTO REAL ESTATE IS RELENTLESS
Sacramento, CA – May 9, 2013 – “Our market run will not end anytime soon,” according to Pat
Shea, President and COO of Lyon Real Estate. “Affordability is at a 30 year high, house
payments are half of what they were at the peak and continued low interest rates all spell
stability and growth in Greater Sacramento real estate.” Shea notes that the market has been
highly strengthened through buyers that have both cash and traditional loans invested in their
homes.
Shea reports that all price points continue to experience steady month over month increases in
both new and closed sales. Specifically, 3009 pended sales in April reflect a 77% increase over
new sales posted in December and he adds that “the $750,000 and over market continues to
move with 79 new sales in April versus 22 in December.”
Shea believes stability is certain as “defaults and foreclosures have dropped precipitously in our
market with non-distressed properties representing 80% of current active listings.” He cites
data provided by Trendgraphix, a real estate reporting company based in Sacramento.
An adequate supply of homes has been a 2013 concern throughout the region with an apparent
demise of the fabled shadow inventory. “April closed with a 13% higher active listing count over
March 2013,” said Shea. “More importantly, the 31% increase in average sales price year over
year has provided appreciation in all neighborhoods that is enabling formerly upside down
homeowners to make their next move.”
Shea encourages all prospective home sellers and buyers to look forward. “The concept of
recovery is swiftly becoming obsolete, we’re already there,” said Shea. “Prices and interest rates
will rise, it’s inevitable. So, he says, “Do everything possible right now, to secure the home and
neighborhood of your dreams while the values remain extraordinary.”
Lyon Real Estate is the largest brokerage in the Greater Sacramento Valley and Foothills,
serving the Greater Sacramento Area for six decades, spanning a two-generation history. Lyon
Real Estate has over 900 agents in 17 offices throughout the five-county region.
About Trendgraphix, Inc.
Trendgraphix, Inc. is a real estate reporting company based in Sacramento that uses local MLS
data to provide highly-visual market statistical graphs to real estate brokers, agents, and
MLS/Realtor associations across the USA. Trendgraphix's programs are currently used by tens of
thousands of agents in more than 100 brokerages in 18 U.S. states. For more information visit
www.TrendGraphix.com
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