Become an SAR Intern Sponsor and reap the many benefits of working with an energetic, ambitious college student eager to learn the real estate business. Through a unique partnership with Los Rios Community College District, SAR has qualified intern applicants ready to assist in your real estate office ten hours per week while you guide them through the various aspects of buying and selling.
About the Program:
- Highly-motivated real estate students invest their time and energy ten hours per week for a 16-week mentor program
- Your knowledge and experience will prepare more students for a career in real estate
- SAR will provide you with guidelines for the mentorship program
- Broker/agent applications are due by Friday, June 28 for the Fall 2013 semester Apply to be an SAR Intern Sponsor Today!
Contact Judy Wegener at firstname.lastname@example.org or 437-1207.
A new SAR committee is working to encourage and organize REALTOR® volunteers. The Volunteer Coordinating Committee, chaired by REALTOR® Kelean Barragan, will promote volunteer activities both within SAR and to the general public.
Committee members are researching the charities that SAR has traditionally supported to learn about volunteer opportunities.
“I’m excited and honored to have been asked to chair this committee,” Kelean said. “Our tasks will be to find the volunteers and to find the opportunities. We know REALTORS® are great at serving their community. This committee will help more people get involved.”
The committee meets at 10:30 a.m. on the first Tuesday of the month at SAR, following the Main Meeting. More committee members would be welcome.
However, it is not necessary to join the committee or come to meetings to become an SAR volunteer. The committee will develop and publish lists of opportunities available to all SAR Members. To sign up for the committee or to learn more, contact Tony Vicari at email@example.com.
Month-to-month the median sales price increased 1.5% from $218,750 to $222,000. The current price is an 11% increase from the $200,000 sales price of January. The current number is 31.4% above the $169,000 median sales price of April 2012
An increase in sales volume brought the total number of closed escrows to 1,550, 9.2% and 130 units higher than the 1,420 units sold in March. The breakdown of sales for April was 133 REOs (8.6%), 361 short sales (23.3%) and 1,056 conventional sales (68.1%). This marks the highest percentage of conventional sales recorded since SAR started keeping track over 5 years ago. Compared to one year ago, REO sales accounted for 30.1%, short sales 30.5% and conventional sales 39.4%. Since then REOs have dropped 71.4%, short sales dropped 23.6% and conventional sales have increased 72.8%. Compared with April 2012, however, the sales volume has decreased 5.1% from the 1,633 units sold.
Homes priced between $200,000 and $299,999 accounted for 19.4% (302) of the 1,550 sales this month. Homes between $100,000 and $199,999 totaled 534 (34.4%) units and homes $99,999 and under totaled just 99 units (6.3%). A year ago, homes under $100,000 accounted for 16.4% of all home sold.
Closed escrows from cash financing (625 units or 37.2% of all sales) decreased 7.8%, conventional buyers increased 4.3% (604 units/35.9%) and FHA financing increased 5.3% (308 units/18.3%) sales. These numbers include the 132 condo sales this month. The average amount of days spent on the market (from list date to opening escrow) decreased from 27 to 22 days; the median DOM remained at 10. In a breakdown of length of time on market, 80.7% or 1,358 units sold in 30 days or less and 10.6% (178 units) sold between 31 and 60 days. The remaining 8.8% (146 units) sold in 61 days or more. This information is available in full on the MLS Statistical Summary report featured at http://www.sacrealtor.org/public-affairs/statistics.html.
Continue reading: Median Price Over $200,000 for 4th Consecutive Month, Sales Volume Jumps 9.2%
On May 8, SAR’s Housing Opportunity Committee presented a Lunch and Learn entitled “Guts & Glory: the Story of Inventory.”
Panelists discussed ways to create inventory when it seems there are no houses for sale. Open houses can be a useful tool to get neighbors thinking about getting into the market. Open houses may seem old-fashioned in today’s market. However, the National Association of REALTORS® recently released interesting statistics in conjunction with Nationwide Open House, which was April 20 and 21. From the NAR annual profile of home buyers and sellers:
- Repeat buyers are more likely to find their home from an open house than first-time buyers and repeat buyers use open houses more frequently.
- Mid-income buyers, those with income between $55,000 and $75,000, are most likely to find their home through an open house compared to other incomes. However, as income increases the use of open houses actually increases as well. So higher income buyers are walking into open houses, but not finding their home through them.
- Older buyers, 65 years and older, are more likely to find their home through an open house than other age groups. As age increases the likelihood of using open houses as a search tool increases—45% of buyers aged 45 to 64 used open houses, compared to only 28% of buyers aged 18 to 24.
- Buyers of new homes use open houses much more frequently than buyers of previously-owned homes.
- Married couples and unmarried couples are more likely to walk through open houses than single buyers.
- Buyers whose primary language in the home is not English are more likely to use open houses—44% of buyers whose primary language is English use open houses, compared to 59% who use a language other than English in the home. Similarly, buyers who were not born in the U.S. are more likely to use open houses as a search tool—43% of those who were born in the U.S. use open houses compared to 57% of those who were not born in the U.S.
The last point, concerning buyers whose native language is not English, may be especially useful in a market as ethnically diverse as Sacramento’s.
C.A.R. is making a big splash with a new radio push to help promote the “Ripple Effect” messaging of the the 2013 consumer ad campaign. This year, C.A.R. will take over the Friday afternoon commute time, during which seven unique radio spots will air on three radio stations in the Sacramento area.
Listen to these stations on Friday afternoons between 2:30 p.m. and 6:30 p.m. through June 18 to hear about how California REALTORS® are Champions of Home and making a difference to California:
And don’t forget to tell your clients to tune in and hear how California REALTORS® like you are helping home buyers and sellers get into the homes, neighborhoods, and communities of their dreams.
Specific air times and a preview of the spots are available at http://www.car.org/aboutus/adcampaign/radiocampaign/.
Register | Login