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President Alan Wagner Kicks off SAR’s Centennial Year

Thursday, January 24th, 2008

FOR IMMEDIATE RELEASE: January 24 2008

Department of Real Estate Commissioner Jeff Davi presided over the swearing-in and installation of the new leadership of the Sacramento Association of REALTORS® this month: President Alan Wagner of RE/MAX Gold Elk Grove, President-Elect Charlene Singley of Lyon Real Estate, Secretary/Treasurer Patrick Lieuw and Immediate Past President Tracey Saizan were sworn into their new positions.

Also taking the oath of leadership were the elected members of the 2008 Board of Directors: Ed Anderson, RE/MAX Gold Folsom; Lorin Brown, Lyon Real Estate, Elk Grove; Kathy Chigbrow, Lyon Real Estate, Fair Oaks; Doug Covill, Coldwell Banker; Judy Covington, Keller Williams Realty, Elk Grove; Sally Dunbar, Lyon Real Estate, Fair Oaks; Kathy Fox, Coldwell Banker; Jim Hanson, Commerce Financing Home Mortgage; Barbara Harsch, Lyon Real Estate Downtown; Gina LaPlaca, Coldwell Banker-Dunnigan; Steve Ostrom, Coldwell Banker; Dave Tanner, RE/MAX Gold; and Stephen T. Webb, Keller Williams. Chigbrow, Ostrom and Webb are serving for the first time in 2008.

Continue reading: President Alan Wagner Kicks off SAR’s Centennial Year

January 24th, 2008 | Tags: , , | Category: Press Release | Leave a comment

Closed Escrows Show Expected Slowing

Wednesday, January 9th, 2008

FOR IMMEDIATE RELEASE: January 9, 2008
(RESIDENTIAL RESALE STATISTICS December 2007)

The holiday season is known to hinder the activity of the Sacramento residential resale market and this year proved no exception, showing a slight decrease from month to month. This information, compiled by the Sacramento Association of REALTORS®, is collected from the MetroList® multiple listing service and includes data covering Sacramento County and the City of West Sacramento.

Closed escrows decreased slightly to 805, showing a 1.1% drop from last month’s 814 homes sold. When compared to the same month last year, December 2008 showed an expected decrease of sales, remaining 16.8% below the 967 homes sold in December 2006. The median price for a single family home continued to drop, settling at $280,000, 7.0% below November’s $299,450. When compared with 2006, Sacramento’s median home sale price shows a 21.1% decrease, staying well below the $355,000 median price of a year ago. New listings in December totaled 2,154, a decrease of 15.4% from last month’s 2,545. The total listing inventory also showed a decrease, dropping 10.1% from November’s 9,967 to a figure of 8,965. These high numbers, however, reflect the continued fallout from the subprime mortgage situation.

Continue reading: Closed Escrows Show Expected Slowing

January 9th, 2008 | Tags: , | Category: Press Release | Leave a comment