A PUBLICATION OF THE SACRAMENTO ASSOCIATION OF REALTORS
®
SACRAMENTO
REALTOR
®
Making Sacramento a Better Place to Call Home for Over 100 Years
SEPTEMBER 2018
REALTOR®
SAFETY MONTH
REALTOR® Safety Month
12
President’s Perspective
SEPTEMBER 2018
4
INSIDE THIS ISSUE
Government Watch
6
CEO Corner
10
October Calendar
21
SAR Election
17
MLS Statistics
24
www.REALTOR.org/Safety
REALTOR
®
SAFETY
MULTIPLE CHOICE QUIZ FOR SAFETY VIDEO
(asterisks next to correct answers)
SAFETY OUTSIDE THE OFFICE
1. When you’re showing a client around a property, how should you
proceed?
a) Encourage the client to walk in front of you as you move through the property.**
b) Lead the client into each room.
c) Stay put and send the client on a self-guided tour.
d) None of the above.
2. What is the best way to meet a new client for the first time?
a) At the property you’re showing. You’ve checked it out and know it’s safe.
b) At their residence. This way, you know where they live.
c) At your residence. Your home is a safe place!
d) In your office, where you can introduce them to your colleagues.**
3. What is a distress code?
a) An alarm button you can use to send a signal to your local police department
b) A personal identification number you dial into your cell phone
c) A word or phrase you can say that indicates you need help, but does not tip off the
person you are with**
d) A word or phrase you say to the person who is threatening you
ADVERTISERS INDEX
Thank you for your continous support!
Mason McDuffie Mortgage page 3
The Termite Guy page 5
CREIA page 7
Runyon Saltzman page 9
Personal Express Insurance page 15
VHT Studios page 17
2
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www.foleypub.com.
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STABILITY SINCE 1887
Change is constantly happening all around us every day. Its nice to know that the lender
you start your loan with today will be here to fund it at your closing...And be on time!
David Heard
NMLS# 244146
Branch Manager
530.902.3725
Scott Short
NMLS#225998
Loan Officer
916.997.4828
David Whiteside
NMLS# 247866
Loan Officer
916.730.8282
Thomas Engwer
NMLS# 240643
Branch Manager
916.532.8263
Ray Gin
NMLS# 246802
Loan Officer
916.207.6332
Matt Miller
NMLS# 332535
Loan Officer - Sacramento
916-548-9278
FHA, FHA 203K, VA, USDA 100% Financing, CalHFA,
CONVENTIONAL and JUMBOS
We have over 124 Years of combined lending experience
916.929.2333
Licensed by the Department of Corporations under
the California Residential Lending Act NMLS# 1141
2033 Howe Avenue, Suite 110
Sacramento, CA 95825
Jerry Hernandez
NMLS# 545489
Hablo Espanol
Loan Officer
916.549.2694
Wally Borland
NMLS# 219570
Loan Officer
916.955.6267
4
PRESIDENT'S PERSPECTIVE
2018 PRESIDENT
LINDA WOOD
Basic Instinct
If you’ve been in the real estate business for a certain amount of time, you’ve
likely encountered a situation while in the field. I call it a situation because
nothing bad happened, no one was robbed, hurt or worse. Have you ever had an
off feeling about a prospective client? Was there a time where you felt you didn’t
want to turn your back to someone during an open house? Feelings like these can
happen anywhere – at the ATM, while in a dark parking garage or even walking
through your own neighborhood. The important thing is to remember how you
felt and to not second guess your gut instinct.
Call it intuition, spidey-sense or whatever you want, but the key here is not
to ignore it. Some REALTORS® may feel that their gut instinct is them just being
judgmental about the way someone is dressed, what their car looks like, how they
look, act, etc. Do not let the fear of potentially seeming impolite or biased towards
a person cloud your judgment. Your instinct isn’t prejudice, it is a sensor of danger.
You can learn more about your instinct through a very well-known book called
The Gift of Fear. It is worth reading to learn about how predators think.
“Intuition is always right in at least two important ways; it
is always in response to something, it always has your best
interest at heart.”
- Gavin de Becker, The Gift of Fear
In addition to learning to acknowledge your gut instinct, you can also start
adopting a variety of practices that should become part of your daily habit. These
should start in your office and spread to every aspect of your business. We are
often the most surrounded by strangers when we hold open houses. Everyone
from potential clients to nosy neighbors could be in attendance. This includes
opportunistic criminals.
A Folsom REALTOR® recently called SAR to alert them that one of their open
houses had been robbed. The homeowners felt confident that their valuables
were secure, but the criminal(s) were thorough and were able to find valuables
that had seemingly been tucked away in safe spots. After talking with Folsom PD,
the REALTORS® learned that there were eight other active investigations of open
house robberies in the Folsom area. There have also been reports of similar crimes
in El Dorado Hills and Rocklin. You can never be too safe. The following list is from
www.nar.realtor and offers 10 Tips for Holding a Safe Open House:
1. If possible, always try to have at least one other person working with you at the
open house.
2. Check your cell phones strength and signal prior to the open house. Have
emergency numbers programmed on speed dial.
3. Upon entering a house for the first time, check all rooms and determine several
escape” routes. Make sure all deadbolt locks are unlocked to facilitate a faster
escape.
4. Make sure that if you were to escape by the back door, you could escape from
the backyard. Frequently, high fences surround yards that contain swimming
pools or hot tubs.
5. Have all open house visitors sign in. Ask for full name, address, phone number,
email, even drivers license.
6
PRESIDENT’S PERSPECTIVE
GOVERNMENT WATCH
City of Citrus Heights Rental Inspection Program
BY: Caylyn Wright, SAR Government Affairs Director
6. When showing the house, always walk behind
the prospect. Direct them; don’t lead them. Say, for
example, The kitchen is on your left, and gesture for
them to go ahead of you.
7. Avoid attics, basements, and getting trapped in
small rooms.
8. Notify someone in your office, your answering
service, a friend or a relative that you will be calling in
every hour on the hour. And if you don’t call, they are
to call you.
9. Inform a neighbor that you will be showing the
house and ask if he or she would keep an eye and ear
open for anything out of the ordinary.
10. Don’t assume that everyone has left the premises at
the end of an open house. Check all of the rooms and
the backyard prior to locking the doors. Be prepared to
defend yourself, if necessary.
Staying safe at our open houses is just one step of
many we need to take to remain vigilant and aware in
our day-to-day activities. We must look out for ourselves
and for each other. Another great opportunity to learn
about REALTOR® Safety is at your SAR Main Meeting
on September 11th at 9am. We are proud to welcome
new Sacramento Police Chief Daniel Hahn.
For additional resources, please visit https://www.
nar.realtor/safety and browse through the plethora
of presentations and articles. You will certainly learn
something new.
Last, but not least, I have to mention the Real Safe
Agent app for your phone. We had a presentation
at SAR when this recently came out as a Member
Benefit. If you are unfamiliar with how it works, please
visit http://www.realsafeagent.com/ and view their
introductory video.
Stay safe out there, REALTORS®!
Staff at the Sacramento Association of REALTORS® are
working with the Citrus Heights City Council and Citrus
Heights Sherriffs department on their proposed rental
inspection program. Rental inspection programs can be
a good thing, so long as they are correctly drafted and
implemented. Rental inspection programs ensure proper
and safe living conditions for tenants. They help ensure
the landlord’s investment in the home is maintained. They
can also improve overall quality of the neighborhood
and housing stock. Citrus Heights has good evidence
showing some of their neighborhoods need continued
maintenance and investment as their housing stock ages.
More importantly, Citrus Heights has found evidence of a
small instance of unscrupulous landlords as well as tenants
who do not know where to turn for help.
The Sacramento Association of REALTORS® was
integrally involved in crafting rental inspection
programs in the City of Sacramento, County of
Sacramento, and City of Rancho Cordova. We believe
that our input helped these jurisdictions create
programs that ensure a safe home environment for
tenants, while not creating a significant regulatory
burden for those landlords looking to comply with the
law and do the right thing for those people renting
their properties.
We attended the Citrus Heights City Council meeting
on August 9th and testified that the Sacramento
Association of REALTORS® would like to be involved in
crafting the rental housing inspection program. This
month we will meet with the Citrus Heights Police
Department, where city code enforcement is housed,
and we will continue to meet with City Council to
discuss appropriate implementation of the program.
Stay tuned for more updates on this matter.
SAR MEMBER ANNUAL REPORT
The Bylaws of SAR specify that the required Annual Meeting of the
Members shall be on the first Tuesday of October unless changed by the
BOD. Notice must be given to the Members at least 10 and not more than
90 days prior to the meeting. The Annual Meeting of SAR Members will be
Tuesday, October 2nd from 9 – 10:30am in the Mack Powell Event Center.
California Real Estate Inspection Association (CREIA)
Greater Sacramento Chapter
For a Complete list of Greater Sacramento CREIA Inspectors
and Affiliates please go to our new website at
www.sacchapter.com
When choosing a CREIA Inspector from the list on our website,
you can be assured that this inspector adheres to the
CREIA Standards of Practice and California’s Business and Professions Code 7195-
7199 when performing a home inspection.
Certified CREIA Inspectors must complete at least 30 hrs of Continuing Education
each year, as well as pass the NHIE (National Home Inspector Exam), proctored at
an independant test center in order to become a Certified Member.
CREIA Inspectors cannot become certified over the internet!
When choosing a Home Inspector, do your own due diligence.
Many inspectors claim they inspect to the CREIA Standards of Practice, but are not
CREIA members.
LOOK FOR THE BADGE!
Email us at [email protected]
www.creia.org
Greater Sacramento Chapter P.O. Box 457 Roseville, CA 95661
CREIA Main Office 65 Enterprise Alisa Viejo, CA 92656
(949) 715-1768
8
LEGAL UPDATE
The Real Estate Agent’s Duty to Disclose
ATTORNEY KEITH B. DUNNAGAN
BPE LAW GROUP, P.C
Risk management has been a hot topic and routinely agents are trying to reduce liability
exposure in the way the agent provides disclosures. It is rare a week goes by where we don’t get
a question about the agent’s duty to disclose certain items and we routinely defend agents when
they are accused of failing in their disclosure obligations. One of the more common scenarios that
we are questioned with is “I have this listing and the seller has told me about some issues – but the
seller told me that I am not allowed to disclose the information to the buyer. What should I do?”
The duty of an agent to disclose is rooted in contract, statutory law and common law. In contract
law it takes the form of the disclosures contained on the Agent Visual Inspection Disclosure.
Pursuant to Section 10(A)(2) of the RPA, the Seller’s disclosures are not completed until the Seller
has completed all the questions and signed and the Listing Agent “has completed and signed
the Listing Broker section(s), or, if applicable, an Agent Visual Inspection Disclosure (AVID). The
contract provides that the listing agent has to complete disclosures.
But the section goes and states “nothing relieves a Buyer’s Broker, if any, from the obligation
to (i) conduct a reasonably competent and diligent visual inspection of the accessible areas of
the Property and disclose” on the TDS or AVID material facts affecting the value or desirability
of the Property. Contractually, both parties have an obligation to provide disclosures and it is an
obligation that cannot be avoided.
The language contained in the RPA nearly matches the language found in Civil Code Section
2079, which statutorily requires that a real estate broker or salesperson owes a duty to a
prospective purchaser of a residential property to conduct a diligent inspection. Where the contract
segregates the obligations between the listing agent and buyers agent, the statute makes no such
distinguishing statement. The court decisions interpreting this code have confirmed that the duty
of disclosure is required of both the listing broker (See Robinson v. Grossman, 57 Cal. App. 4th 634)
and buyer’s broker (See Michel v. Moore & Associates, Inc., 156 Cal. App. 4th 756 – stating the trial
court erred in dismissing the claims against the buyers agent).
In the recent and well-known 2016 case Horiike v. Coldwell Banker, 201 Cal. Rptr. 3d 1, the
Court reaffirmed the longstanding rule that the broker owes the duty to disclose all information
materially affecting the value or desirability of the property.
There is a difference however, between investigation and visual inspection. The law confers on
the agent the obligation to disclose problems that can be seen or discovered in a visual inspection.
See Pagano v. Krohn, 60 Cal. App. 4th 1. These cases and the contracts do not, however, require the
Licensee to take the place of professional inspectors and conduct exhaustive investigations of the
property.
But what is a reasonable and diligent inspection? That is the mystery question that the agents
are left to decipher in their day to day practice and the law has not been sufficiently clear on when
that burden has been met. We know that writing on an AVID “Nothing to Note – Not a professional
inspector – the buyer is advised to get a professional home inspection” is not a sufficient response.
Sometimes in completing the AVID it is correct to state that there was no material defect noticed,
however writing a cursory blanket statement is not sufficient to comply with the obligation and
if a defect did arise down the road the agent and/or broker is likely to face an action for violating
the disclosure duty.
The difficulty is also in determining what is a material defect of a property. To each buyer, a
defect has a different level importance and how is a single agent to determine all of the different
value determinations of a buyer? The best methods for a buyer’s agent are to get to know the buyer
and what they are looking for. Find out what is important and what is not important. The listing
agent should be looking at defects that affect value or defects that the ordinary and reasonable
buyer would be concerned about.
We are not aware of any cases where an agent has been held liable for over disclosing. But when
thinking about disclosures from a risk management perspective – under disclosing increases
liability. So always remember – when it comes to disclosure: WHEN IN DOUBT – DISCLOSE. It just
may save you in a dispute later.
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10
SAR Board of Directors Report – August 2018
DAVE TANNER
CHIEF EXECUTIVE OFFICER
CEO CORNER
On August 24, 2018 the SAR Board of Directors (BOD) met to conduct the business of
the Association.
Chrystal Shamp, Web Developer and Designer, was recognized for one year of service with SAR.
Yvonne Ukabi, Retail Services Specialist, was recognized for one year of service with SAR.
Denise Stone, Member Services Manager, was recognized for 16 years of service with SAR.
SAR membership is over 6,878 REALTOR® members and over 7,300 total members.
BOD accepted the report of the Election Tellers.
2018 Newly Elected Leadership:
President – Deniece Ross-Francom
President-Elect – Judy Covington
Secretary/Treasurer – Kellie Swayne
Directors for the new term of 2019-2020
Judy Black
Rosanna Garcia
Waldo Herrera
Barbara Lebrecht
Luis Sumpter
Samantha Tov-Weissensee
Directors with a continuing term through 2019
Jodi Ash
Del Barbray
Courtney Edwards
Sue Galster
Maurice Thomas
Kellie Swayne (will resign effective 1/1/19 to accept Treasurer position)
BOD ratified 2019 NAR Large Board Directors from SAR
Judy Covington
Franco Garcia
Leigh Rutledge
(Charlene Singley will also serve as an NAR Director appointed by C.A.R.)
BOD ratified the appointment of Chip O’Neill to serve as liaison to the MetroList MLS
Committee. As such Chip will also serve on the SAR BOD.
BOD approved Strategic Planning and Finance Committee recommendation to increase
SAR member dues by $10 for 2019.
11
ABOUT THE MARKET
CO-CHAIR, REAL ESTATE FINANCE AND AFFILIATE FORUM
MATT GOUGE
What We Know vs What We Don’t Know
As a mortgage professional one of the most common questions I get is:
What is going to happen to rates over the next year?”
While I can make some good educated guesses and very logical reasoning for my
predictions, the truth of the matter is I really don’t know. Nobody does. Predicting
future rates is impossible for several reasons, mostly because outside forces such as
political and economic climates can change at any time and these things certainly affect
mortgage rates.
For example, when we have economic uncertainty or something that pushes investors
to pull their money out of the stock market, this will cause more money to flow into
mortgage bonds and lower rates.
On the reverse side of the above example, when investors are confident in the US
market you will see money leave mortgage bonds and be invested in other vehicles, thus
hurting mortgage rates (causing them to rise).
The Fed has the ability to purchase and sell mortgage bonds, so they too have an affect
on supply/demand and price. They do not set interest rates in the marketplace. They
do have the ability to influence rates by adjusting the supply of money circulating the
economy.
Without over complicating things, it is fair to say that there are many forces at work that
can change course at any time and predicting where we will be in 1 month, 6 months, 1
year is an educated guess at best.
So on to the things we DO know
Rates are at historic lows. A fixed rate mortgage under 5.00% is a great deal. Most
conversations I have with prospective homebuyers center around their wants, needs,
and goals. As the rental market tightens and people start to look at the idea of a fixed
payment (mortgage) vs the uncertainty and increasing cost of renting, the picture
starts to become clear for many. If you are able to take advantage of these low rates
and qualify for a mortgage that is comfortable for your budget and fits your wants
and needs for housing, I think its a good idea to take a look. Most lenders will be able
to show you side by side the benefits of homeownership from a few perspectives: tax
benefits, appreciation, principal pay down, etc. These are the financial benefits that are
measurable, but you can also add the intangible benefits of: ability to customize (paint,
design, and remodel), no rent increases, no 60 day notice to vacate, the great feeling of
homeownership.
If you are interested in looking at what you may qualify for, contact a local lender you
trust today to talk about your options!
This months article is brought to you by the Real Estate Finance and Affiliate Forum
Co-Chair Matt Gouge.
12
REALTOR® SAFETY MONTH
HOW SAFE ARE YOU?
TAKE THIS SAFETY QUIZ
SAFETY OUTSIDE THE OFFICE
1. When you’re showing a client around a property, how should you proceed?
a) Encourage the client to walk in front of you as you move through the property.
b) Lead the client into each room.
c) Stay put and send the client on a self-guided tour.
d) None of the above.
2. What is the best way to meet a new client for the first time?
a) At the property you’re showing. You’ve checked it out and know its safe.
b) At their residence. This way, you know where they live.
c) At your residence. Your home is a safe place!
d) In your office, where you can introduce them to your colleagues.
3. What is a distress code?
a) An alarm button you can use to send a signal to your local police department
b) A personal identification number you dial into your cell phone
c) A word or phrase you can say that indicates you need help, but does not tip off the person you are with
d) A word or phrase you say to the person who is threatening you
4. What time during an open house should you be most on guard?
a) At the beginning, when people start arriving
b) At the end, when one or two people may linger in the house
c) The times when you are alone
d) Around midday, when most people are busy with lunch
5. Where should you park your car when showing a property?
a) In the driveway, if possible, so it is close to the exit
b) At the curb, so you can’t get blocked in
c) At least a half a block away, so no one can identify which car is yours
d) You shouldn’t drive your own
car to a showing. Ride with the client!
SAFETY IN THE OFFICE
6. What should you do when youre working in the office alone?
a) Stay in the back, out of sight.
b) Ensure that all outside doors and windows are locked.**
c) Call the police and ask them to have a squad car drive by.
d) You should never work in the office alone.
7. What should you carry with you at all times when you’re alone in the office?
a) Your cell phone
b) Your wallet
c) A piece of identification
d) All of the above
www.REALTOR.org/Safety
REALTOR
®
SAFETY
MULTIPLE CHOICE QUIZ FOR SAFETY VIDEO
(asterisks next to correct answers)
SAFETY OUTSIDE THE OFFICE
1. When you’re showing a client around a property, how should you
proceed?
a) Encourage the client to walk in front of you as you move through the property.**
b) Lead the client into each room.
c) Stay put and send the client on a self-guided tour.
d) None of the above.
2. What is the best way to meet a new client for the first time?
a) At the property you’re showing. You’ve checked it out and know it’s safe.
b) At their residence. This way, you know where they live.
c) At your residence. Your home is a safe place!
d) In your office, where you can introduce them to your colleagues.**
3. What is a distress code?
a) An alarm button you can use to send a signal to your local police department
b) A personal identification number you dial into your cell phone
c) A word or phrase you can say that indicates you need help, but does not tip off the
person you are with**
d) A word or phrase you say to the person who is threatening you
13
8. Why should you keep windows and counters clear?
a) So that the office looks neat and professional
b) So you can see who is arriving and leaving
c) So that people outside can see who is working
d) So that people outside can see in and notice if something is wrong
9. Why should you keep the floor clear of boxes and other obstacles?
a) To prevent a fire hazard
b) To prevent bugs and other vermin
c) To ensure that no one trips over them
d) So that you’ll have a clear exit if you need to escape
10. How can you protect your office from an electrical fire?
a) Don’t overload an outlet with too many plugs.
b) Replace or dispose of frayed electrical cords.
c) Have a fire inspector examine your office.
d) Both a and b.
SAFETY AT HOME
11. What is the best way to secure an outside door with glass panels?
a) With a two-inch deadbolt lock
b) With a sturdy rod laid along the bottom track of the door
c) With a double lock that requires a key on both sides
d) With a chain lock
12. Which of the following can protect you from identity theft?
a) When shopping online, check the site for a URL that begins with https://
b) When shopping online, check the bottom of the browser window for a closed padlock symbol.
c) Create computer passwords that are at least 8 characters long.
d) All of the above
13. Which documents should you shred?
a) Anything with your account numbers, PINs or other financial information
b) Private correspondence
c) Anything with your name and address
d) Outdated files
14. Where should you hide a key so that you don’t get locked out?
a) Under the doormat
b) Beneath a flowerpot or planter
c) In the mailbox
d) None of the above. You should never hide a key outside.
15. What should every home have?
a) Double locks on all outer doors.
b) Working smoke and carbon monoxide detectors.
c) A high-tech security system.
d) All of the above.
www.REALTOR.org/Safety
REALTOR
®
SAFETY
MULTIPLE CHOICE QUIZ FOR SAFETY VIDEO
(asterisks next to correct answers)
SAFETY OUTSIDE THE OFFICE
1. When you’re showing a client around a property, how should you
proceed?
a) Encourage the client to walk in front of you as you move through the property.**
b) Lead the client into each room.
c) Stay put and send the client on a self-guided tour.
d) None of the above.
2. What is the best way to meet a new client for the first time?
a) At the property you’re showing. You’ve checked it out and know it’s safe.
b) At their residence. This way, you know where they live.
c) At your residence. Your home is a safe place!
d) In your office, where you can introduce them to your colleagues.**
3. What is a distress code?
a) An alarm button you can use to send a signal to your local police department
b) A personal identification number you dial into your cell phone
c) A word or phrase you can say that indicates you need help, but does not tip off the
person you are with**
d) A word or phrase you say to the person who is threatening you
1.A
2.D
3.C
4.B
5.B
6.B
7.A
8.D
9.C
10.D
11.C
12.D
13.A
14.D
15.B
ANSWERS
14
REALTOR® SAFETY MONTH
REALTOR® SAFETY WEBINARS
NAR offers various webinars on REALTOR® Safety to its nearly 1million Members.
Don’t miss this opportunity to connect with REALTORS® from around the country
and hear tips on how you can improve your safety while on the job.
A Day in the Life: Habits to Keep You Safe on the Job
September 12, 2018 at 11:00 a.m. PST
Instructor: Cheryl Knowlton
Ready to break bad habits that are putting you at risk? Register for this free safety webinar from the National
Association of REALTORS® with Cheryl Knowlton, President of Elite Edge, a dynamic global real estate training
company, and learn how to develop and incorporate good habits into your daily routine that help keep you safe
on the job.
Cheryl Knowlton has been a REALTOR® since 2007, and is a passionate, high-energy national real estate speaker
and 19-year veteran of the real estate and mortgage industry. An enthusiast of education, she holds 14 NAR
designations and certifications. She is also the proud holder of the Distinguished Real Estate Instructor Designation
(DREI), held by fewer than 100 individuals in the United States. Cheryl enjoys speaking at state and local real estate
conventions and making friends in the real estate industry from all over the country. She is an instructor of NAR’s
Real Estate Safety Matters course, and is deeply invested in real estate agents safety and success.
There is also a plethora of archived webinars that can be viewed in their entirety here.
REGISTER HERE
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16
ETHICS CORNER
NAR Code of Ethics Training Requirement
Due December 31, 2018!
REALTORS® are required to complete ethics
training of not less than 2 hours, 30 minutes of
instructional time within each two-year cycle. The
training must meet specific learning objectives and
criteria established by the National Association of
REALTORS®.
A new two-year cycle began January 1, 2017. The
deadline for this cycle is December 31, 2018. Failure
to satisfy the requirement and have it posted to
your NRDS record by December 31, 2018 makes
your membership subject to suspension until the
training requirement has been satisfied and posted
to NRDS.
Members who joined a REALTOR® Association
anytime between January 1, 2017 and now should
have already completed their training for this cycle
as part of new member orientation. Members who
joined and completed online Ethics training prior
to January 1, 2017 will need to complete a course
for existing members.
There are several options for completing this
requirement. The fast, easiest, and most cost
effective option is to complete the FREE course
offered on the NAR website here. This course
offers a customizable learning experience, no
final exam however members must pass module
quizzes, and has specialized content for residential,
commercial, and appraiser practitioners. This
course will automatically report your completion to
your NRDS record and no further documentation is
required by SAR.
Another option is to complete the training through
the free C.A.R. License Renewal courses here. As a
C.A.R. member, you have access to free 45 hours
of license renewal classes and one of the required
courses will fulfill the NAR training requirement. If
you have completed this requirement after January
1, 2017, this will satisfy the current training cycle
requirement. This method also posts automatically
to NRDS and no further action is required.
The last option is to send SAR proof of completion
of a DRE Certified CE Ethics Course completed
between January 1, 2017 and December 31, 2018.
We view this as a last resort due to the amount of
staff time it requires to manually post the info to
each individual NRDS record.
SAR has over 6,000 REALTOR® members and
about 1,000 have already completed the current
requirement. We urge you to complete your classes
as soon as possible to avoid any lapse in your
membership.
We are here to help! Please email Lyndsey at
lharank@sacrealtor.org should you have any
questions regarding your current status.
17
PARTNER WITH THE PROFESSIONALS
SHOOT FOR EXCELLENCE
MY VHT PHOTOGRAPHER IS MY
GO-TO MARKETING PARTNER.
- Debbie Glickman
Broker Associate, Baird & Warner
LEARN HOW
>
VHT.com (800) 790-TOUR
2018 Election Teller Report
On August 17, 2018 SAR Election Tellers
confirmed the electronic votes and 0 paper
ballots. 690 SAR Members voted (out of the
6840 eligible voters/roughly 10%). The Board of
Directors ratified these results at their August
24th meeting.
Congratulations to the successful candidates!
SAR ELECTION
President-Elect
Judy Covington
Secretary/Treasurer
Kellie Swayne
Directors for terms running 1/1/19 – 12/31/20:
Judy Black Rosanna Garcia Waldo Herrera Barbara Lebrecht Luis Sumpter Samantha Tov-Weissensee
IN CASE YOU MISSED IT
BY JENNIFER LIPPI
18
The 8/14 Downtown Regional meeting hosted District 6
Councilmember Eric Guerra.
Eric was elected to represent Sacramento City Council District 6 in
April 2015 and was reelected in 2016. District 6 encompasses Campus
Commons and Sierra Oaks in the North, between Stockton Boulevard
and Watt Avenue, including the areas of Tahoe Park and Little Saigon.
See full map below.
Councilmember Guerra is focused on improving the quality of life in
our neighborhoods through protecting our parks, revitalizing Stockton
Boulevard, develop the Sacramento Center of Innovation (SCI), and
bring more commerce to the Power Inn Corridor. Councilman Guerra is
devoted and proud to serve the community that he has called home for
more than 20 years.
The top issue Councilmember Guerra is
working on is tackling child care, or lack thereof.
He reported that there is a two year wait period
for childcare in the city of Sacramento. How are
parents supposed to get back into the work
force without proper child care? Many child care
facilities closed down as a result of the Great
Recession. Councilmember Guerra is working
hard on finding a solution to this crisis.
Another priority is Measure U and Vision Zero.
Do you know in District 6 there are only five
traffic officers? Eric talked about fatalities and
causalities involving pedestrians and drivers. This
is an ongoing issue that needs correcting. With
education, better roads, bike lanes, crosswalks,
etc., councilmember is hoping to see these
numbers decrease. Eric is working hard on this
issue as well.
Councilmember Guerra is working hard on
revamping areas like Stockton Boulevard. This
major thoroughfare was at one time thriving, but
now sits with vacant land and vacant buildings.
Councilmember Guerra is hopeful this area is
prime for building more housing, something
Sacramento desperately needs.
District 6 Councilmember Eric Guerra
19
MASTERS CLUB
SAR Charitable Foundation
for the benefit of
Sacramento Children’s
Receiving Home
Stanford Youth Solutions
Foster Youth Education Fund
NET PROCEEDS GO TO
Become a
REALTOR®
OFFICE SPONSOR
2018 GOLF
TOURNAMENT
OFFICE
Register to Golf
or Purchase
Sponsorship
Here
20
SAR EDUCATIONAL OFFERINGS
DATE TIME CLASS COST MORE INFORMATION INSTRUCTOR
September 5
8:30am – 5:00pm Duane Gomer MLO
Class
$139
Register Here
Duane Gomer
Representative
September 8
8:30am – 5:00pm Duane Gomers Exam
Prep
$150
View Flyer Here
David Lovenvirth
September 10
12noon – 1:30pm Sell more homes
Offering the HECM
for Purchase Program
(H4P)
$10
Lunch & Learn
View Flyer Here
September 14
9:00am – 4:00pm RETI Series – Day 1
$120
All Five Classes
$30
Individual Class
View Flyer Here
Lunch Provided
Various
Instructors
September 17
9:00am – 12noon Think like an Appraiser
Class
$25
View Flyer Here
Ryan Lundquist
September 19
9:00am – 4:00pm REALTOR® Leadership
Program
$50
View Details & Register Here
Suzanne Yost, JD,
GRI
September 21
9:00am – 3:30pm RETI Series – Day 2
$120
All Five Classes
$30
Individual Class
View Flyer Here
Lunch Provided
Various
Instructors
September 24
12noon – 1:30pm Selling Real
Property from Trust
Administrations and
Conservatorships
$20
View Flyer Here
Tracy Potts, Esq.
Founder/Principal.
Legacy Law Group
October 4
10:00am – 1:00pm Objection Handling for
Sellers
$35
Register Here
Joey Satariano
October 5
9:00am – 4:30pm RETI Series – Day 3
$30
View Flyer Here
Lunch Provided
Various Instructor
– See Flyer
October 9
12noon – 1:30pm Lunch and Learn:
Listing Lots and Land
$20
View Flyer Here
October 12
9:00am – 4:30pm RETI Series – Day 4
$30
View Flyer Here
Various
Instructors – See
Flyer
October 13
8:30am – 5:00pm Duane Gomers Exam
Prep
$150
View Flyer Here
David Lovenvirth
October 17
9:00am – 2:30pm Fundamentals
of Transaction
Coordination
$100
View Flyer Here
Wendi Molina
October 18
9:00am – 12:30pm Transaction
Coordination 2
$90
View Flyer Here
Wendi Molina
October 19
9:00 – 11:00am
graduation ceremony
follows
RETI Series – Day 5
$20
View Flyer Here
Various
Instructors – See
Flyer
October 26
12noon – 1:30pm Lunch and Learn: Top
Apps
$20
View Flyer Here
TBD
All classes listed above are held at SAR's Mack Powell Auditorium. To register online, visit
ims.sacrealtor.org. Questions - contact Patricia Ano or call 916.437.1210. (Please contact
us for non-Member pricing) Prices listed reflect early-bird fees.
*This course is approved for continuing education credit by the California Bureau of
Real Estate. However, this approval does not constitute an endorsement of the views or
opinions which are expressed by the course sponsor, instructor, authors or lecturers. You
must attend 90% of the class, pass a written exam and have proof of identification to
qualify for BRE Credits.
Cancellation policy: if you cannot attend a seminar for which you have registered, you may
send a substitute. You will receive a full refund when cancelling 48 hours in advance. If you
cancel less than 48 hours in advance, your registration fee will be forfeited.
21
OCTOBER CALENDAR OF EVENTS
Monday Tuesday
Wednesday
Thursday
Friday
262524
2322
29
30 31
SAR Closed
1:30 – 2:30pm
Intern Class (T)
2:30 – 4:20pm
MetroList – Find Workshop (T)
9:00 – 12noon
Is Incorporating Right for You?
(EC – W)
12noon – 1:30pm
MetroList – Tips Workshop (T)
1:00 – 4:00pm
Regional Meetings
Visit www.sarcaravans.org
Top Producers Class
(EC – E)
11:30am – 1:30pm
5
4
32
1
MetroList – Realist Workshop (T)
9:00 – 12noon
MetroList – Cloud Workshop (T)
1:00 – 4:00pm
Main Meeting (EC – Full)
9:00 – 10:30am
CanTree Committee (B)
10:30am – 12noon
Volunteer Coordinating
Committee (T)
10:30 – 11:30am
Charity Research Committee (P)
10:30 – 11:30am
SAR New Member Orientation (B)
9:00am – 12:30pm
Real Estate Finance & Affiliate
Forum (EC – W)
9:00 – 10:30am
Objection Handling for Sellers
10:00am – 1:00pm
Internship Committee (T)
12noon – 1:30pm
SAR Closed
7:30 – 8:30am
SAR Toastmasters Club (T)
7:45 – 9:15am
RETI Series (EC – W)
9:00am – 4:30pm
Broker/Manager Forum (B)
9:30 – 10:30am
12
11
10
98
Regional Meetings
www.sacrealtor.org/caravans
YPN Advisory Meeting (T)
11:00am – 12:30pm
Lunch & Learn: Listing Lots &
Land (EC – W)
12noon - 1:30pm
Masters Club Golf Tournament
Northridge Country Club
SAR Closed
Columbus Day
SAR New Member Orientation
(B)
1:00 – 4:30pm
Intern Class (T)
2:30 – 4:20pm
Masters Club Steering Committee
(B)
9:30 – 11:00am
SAR Toastmasters Club (T)
7:45 – 9:15am
RETI Series (EC – W)
9:00am – 4:30pm
Sac Area RE Exchange Network
(T)
10:00am – 12:30pm
19
18
171615
MetroList – Prospector Course
I (T)
9:00 – 12noon
Education Committee (B)
9:00 – 10:30am
MetroList – Prospector Course
II (T)
1:00 – 4:00pm
Leadership Academy (B)
1:00 – 2:30pm
Transaction Coordination 2
(EC – E)
9:00am – 12:30pm
Grievance Committee (B)
10:00 – 11:30am
WCR Business Luncheon
(EC – W)
11:00am – 2:00pm
Commercial Council Meeting (B)
3:00 – 4:00pm
SAR Toastmasters Club (B)
7:45 – 9:15am
RETI Series (EC – W)
9:00am – 4:00pm
Public Issues Forum (B)
9:30 – 10:30am
IREM Lunch & Learn
(EC – E)
12noon – 1:30pm
MetroList Seminar
(EC – Full)
9:00 – 10:00am
Regional Meetings
Visit www.sarcaravans.org
Marketing/Communications
Committee (B)
10:30am – 12noon
Scholarship Fundraising
Committee (T)
1:00 – 2:00pm
Intern Class (T)
2:30 – 4:20pm
No SAR Events
Regional Meetings
Visit www.sarcaravans.org
MetroList (EC – Full)
9:00 – 11:00am
Cultural Diversity & Fair
Housing Committee (B)
10:30am – 12noon
SAR Charitable Foundation
BOD (B)
12:30 – 2:00pm
NARPM Class (T)
9:00 – 11:00am
SAR Toastmasters Club (T)
7:45 – 9:15am
SAR BOD (B)
9:00 – 11:00am
Lunch & Learn: Top Apps (EC – W)
12noon – 1:30pm
Fundamentals of Transaction
Coordination (EC – E)
9:00am – 2:30pm
IREM Meeting (B)
9:00 – 10:00am
SAR New Member Orientation (B)
6:00 – 9:30pm
*For Regional Meeting locations and times,
visit www.sacrealtor.org/caravans
Meetings subject to change.
Calendar Information
(EC) Mack Powell Event Center
(B) Board Room, 2nd Floor
(T) Training Room, 2nd Floor
(U) Upstairs
** closed meeting
*Various locations – Call for details
22
SAR NEW MEMBERS
August 2018
Affiliates
Marsha Berlinski
KeyPoint Credit Union
Shawn Coffey
California Capital Mortgage Co
Bo Grebitus
California Real Estate Inspection Association
Robert Greenwood
California Real Estate Inspection Association
Sam Muscarello
California Bank & Trust
Jeff Pasquariello
Professional Property Inspections
Candice Petty
Sierra Oak Insurance Services
Steve Saris
Big Valley Mortgage
Broker Associates
Derrick Aguiar
Excel Realty, Inc.
Gerald Gage
eXp Realty of CA, Inc.
Designated REALTORS®
Robert Ardelean
Robert Ardelean
Paul Argueta
My Home Group Real Estate
Robert Bonanno
Robert Bonanno Real Estate
Christopher Fry
Christopher J. Fry Broker
Koren Howell
Koren Howell
New REALTOR® Members
Julian Andrade
Prestige Realty Advisors
Nisreen Assaf
Lyon Real Estate
Tsvetelina Bakalova Hristov
RE/MAX Gold Fair Oaks
Michael Barnette
Berkshire Hathaway HomeServices Elite RE
Nikolay Berezenko
Hazell Real Estate
Danielle Berlinguet
NextHome Premier Properties
Alan Berlinguet
NextHome Premier Properties
Wendy Bernier
Real Estate EBroker, Inc.
Roberto Bolanos
Pacific Home Brokers
Haydeh Bozorg
BHHS Drysdale Properties
Shauna Bulthaup
Coldwell Banker Residential Brokerage
Austin Carrington-Scott
eXp Realty of CA, Inc.
Wing Chang
Paramount Realty Services,, Inc.
Randy Charlton
Realty Masters Associates & Associates
Sydni Chattman
Berkshire Hathaway HomeServices Elite RE
Glenn Coffee
Keller Williams Realty Elk Grove
Jasmine Cooper
Keller Williams Realty Elk Grove
Jennifer Corporan
Tower Real Estate Brokers, Inc.
Vincent Corralejo
Century 21 Select Real Estate
David Dagnino
Lyon RE LP
Brian Dane
Realty One Group Complete
Lisa Davison
Redfin Corporation
Morgan Dettling
Main Event Realty
Hanh Dinh
Keller Williams Realty Elk Grove
Vino Ellsworth
Keller Williams Realty Folsom
Xenia Jane Elmido
Amen Real Estate
Mathew Fisher
Keller Williams Realty Natomas
Danny Francis
eXp Realty of CA, Inc.
Jessica Freehill
Curb-100% Commission Brokerage
James Freeman
Solutions Real Estate Services
Tiana Fuiava-Ma’ae
Future Homes and Real Estate
Michael Gallegos Gonzabay
United American Realty
Ravinder Gill
Keller Williams Realty Natomas
Morgan Goutermont
Lyon RE Fair Oaks
Cleo Greenwood
Lyon RE Sierra Oaks
Adonis Griffin
Century 21 M & M and Assoc.
Elia Guerra-Stearns
Citywide Realty & Property Management
Tatyana Gunko
Advanced Global Real Estate
Miguel Gutierrez
HomeSmart ICARE Realty
Michael Hamm
The JNLGroup Real Estate
William Harrington
Purplebricks Realty, Inc.
Rhett Havener
Palmer Real Estate
Harry He
Redfin Corporation
Toijim Huynh
HomeSmart Intrust Realty Group
Tao Jiang
Carol Wang Realty
Sohair Kaczmarek
Dynamic Real Estate
Molly Kaminski
Berkshire Hathaway HomeServices Drysdale Properties
Richard Kerkbashian
HomeSmart ICARE Realty
David Khedry
Jackson Real Estate, Inc.
Karolina Lapuc
Keller Williams Realty Natomas
Stacey Li
Coldwell Banker Residential Brokerage
Quyen Luong
Prime Equity Realty
A Paul Martinez
Davis Berk Realty
William Maxwell
The Turtlestone Group Corp
Jarrett McAllister
eXp Realty of CA, Inc.
Laura McGee
Perfect Financial Solutions
Nicole Miller
Sierra Bay Real Estate
Scott Moeller
Keller Williams Realty Elk Grove
Kimberly Munoz
Amen Real Estate
Amy Nguyen
3T Homes, Inc.
Jessica Parker
Century 21 Select Real Estate
Bonnie Peterson
Keller Williams Realty
Charles Portz
eXp Realty of CA, Inc.
Felicia Powers
Coldwell Banker Residential Brokerage
Courtney Pratt
Home River Group
Leandro Ramos
eXp Realty of CA, Inc.
Monique Romero
Keller Williams Realty Natomas
Marco Romo
Excel Realty, Inc.
Koy Saephan
Century 21 Select Real Estate
Erick Sanchez
Keller Williams Realty Elk Grove
Laura Shively
NextHome Premier Properties
Norma Sigmund
Coldwell Banker Residential Brokerage
Joyce Smith
Intero Real Estate Services
Clyde Stormont
Realty One Group Complete
Alysa Strayer
eXp Realty of CA, Inc.
Nicholas Tevini
Coldwell Banker Residential Brokerage
Ariana Thaxter
Waterman Real Estate
Matthew Thomas
Purplebricks Realty, Inc.
Thomas Turner
Keller Williams Realty So. Placer
Chase Underwood
All City Homes
Vincent Wells
Eagle Eye Realty
John Widenmann
Sequoia Real Estate
Rachel Wong
ERS Premier
Qi Zou
Legend Real Estate & Finance
JULY
MEMBER OF THE MONTH
SACRAMENTO HOUSING STATISTICS
Sales, median sales price drop,
inventory creeps upward
23
The Sacramento Association of REALTORS® is a professional association representing over 6,500 real
estate professionals and commercial affiliates doing business in the greater Sacramento metropolitan
area. All SAR statistics reports compiled by Tony Vicari, SAR Director of Communications. Statistics are
derived from the MetroList® MLS database for Sacramento County and the City of West Sacramento.
†Other financing includes 1031 exchange, CalVet, Farm Home Loan, Owner Financing, Contract of Sale
or any combination of one or more.
Jul-18 Jun-18 Change Jul-17 Change (from '18)
Market Snapshot - July 2018
1,634
$354,700-1.3%$370,000 $375,000
Sales
Median Sales Price
1,598 1,767 -9.6%
$228
-2.2%
4.3%
20.0%
33.3%
7.0%
2,395
9
Avg. Price/SqFt
2,875 2,660 8.1%
12 10 20.0%
$244 $240 1.7%
Active Inventory
Median DOM
The median sales price decreased from June to July, dropping 1.3% from $375,000 to $370,000. Compared to
July 2017 ($354,700) the current figure is up 4.3%. The current figure of $370,000 remains 5.8% below the recorded
high ($392,750) of August 2005.
Pending sales for the month decreased slightly from 1,208 to 1,207.
July closed with 1,598 sales, a 9.6% decrease from the 1,767 sales of June. Compared to July last year (1,634),
the figure is a 2.2% decrease. Of the 1,598 sales this month, 214 (13.4%) used cash financing, 975 (61%) used
conventional, 291 (18.2%) used FHA, 81 (5.1%) used VA and 37 (2.3%) used Other† types of financing.
Active Listing Inventory increased 8.1% from 2,660 to 2,875 units. The Months of Inventory increased from 1.5
to 1.8 Months. This figure represents the amount of time (in months) it would take for the current rate of sales to
deplete the total active listing inventory.
The Average DOM (days on market) increased from 21 to 22 from June to July and the Median DOM increased
from 10 to 12. “Days on market represents the days between the initial listing of the home as “active and the day
it goes pending. Of the 1,598 sales this month, 77.3% (1,235) were on the market for 30 days or less and 93.3%
(1,491) were on the market for 60 days or less.
The Average Price/SqFt of all homes sold increased from $240.2 to $244 from June to July.
See all statistical reports compiled by the Sacramento Association of REALTORS® here.
MLS STATISTICS
July 2018
SINGLE FAMILY HOME RESALES
Monthly Statistics
Current Month
% of
Total
Sales
Last Month Change
% of
Total
Sales
Last Year
% of Total
Sales
Change
Listings Published this Month
2,381 2,341 1.7% 2,252 5.7%
Active Listing Inventory
2,875 2,660 8.1% 2,395 20.0%
Active Short Sale (included above) 11 8 37.5% 23 -52.2%
Pending Short Lender Approval 33 34 -2.9% 59 -44.1%
Pending Sales This Month 1,207 1,208 -0.1% 1,327 -9.0%
Number of REO Sales 20 1.3% 18 11.1% 1.0% 22 1.3% -9.1%
Number of Short Sales 12 0.8% 14 -14.3% 0.8% 18 1.1% -33.3%
Equity Sales** 1,566 98.0% 1,735 -9.7% 98.2% 1,588 97.2% -1.4%
Other (non-REO/-Short Sale/-Equity)
0 0.0% 0 0% 0.0% 6 0.4% -100.0%
Total Number of Closed Escrows 1,598 100% 1,767 -9.6% 100% 1,634 100.0% -2.2%
Months Inventory
Months
1.8 Months 1.8 1.5 Months 1.5 20.0%
Months
1.5 Months 1.5 20.0%
Dollar Value of Closed Escrows $648,550,774 $725,167,375 -10.6% $627,917,877 3.3%
Median $370,000 $375,000 -1.3% $354,700 4.3%
Mean $405,852 $410,395 -1.1% $384,283 5.6%
Year-to-Date Statistics 1/01/18 to 7/31/18 1/01/18 to 7/31/18 1/1/2017
SAR monthly data, compiled
MetroList YTD data
7/31/2017
Change
Number of Closed Escrows 10,337 10,517 10,237 1.0%
Dollar Value of Closed Escrows $4,140,615,278
11,935
$4,205,054,219 $3,771,872,975 9.8%
Median $364,000
########
$365,000 $330,000 10.3%
Mean $400,563 $399,834.00 $368,455 8.7%
$4,789,166,052
$0
† includes: Acve, Acve Release Clause, Acve Short Sale, Acve Short Sale Conngent, Acve Court Approval and Acve Court Conngent lisngs
Based on Multiple Listing Service data from MetroList© | 2018 SAR
Compiled monthly by Tony Vicari, Director of Communications | Sacramento Association of REALTORS® | www.sacrealtor.org | 916.437.1205
** Owner Equity Sales, previously identified as Conventional Sales, represents all sales other than short sales or lender owned properties.
MLS STATISTICS for July 2018
Data for Sacramento County and the City of West Sacramento
1,660
1,601
1,520
1,205
1,571
963
1,082
1,440
1,554
1,612
1,815
1,622
1,799
1,647
1,584
1,434
1,530
1,101
1,028
1,407
1,512
1,731
1,824
1,634
1,734
1,560
1,510
1,396
1,408
1,129
1,131
1,395
1,587
1,730
1,767
1,598
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July
2016 2017 2018
Sales Volume
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Aug.
Oct.
Dec.
Feb.
Apr.
June
Aug.
Oct.
Dec.
Feb.
Apr.
June
Aug.
Oct.
Dec.
Feb.
Apr.
June
2016 2017 2018
Median Sales Price
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
2016 2017 2018
Inventory Volume
24
Type of Financing
(Single Family Home only)
# of
% of
# of
% of
# of
Current
Last 4
Last 12
Financing Method Units Total Units Total Units Month Months Months
Cash
214
13.4%
225
12.7%
1,235
77.3% 79.3% 74.6%
Conventional
975
61.0%
1104
62.5%
256
16.0% 12.9% 15.2%
FHA
291
18.2%
302
17.1%
67
4.2% 4.4% 5.7%
VA
81
5.1%
101
5.7%
19
1.2% 1.5% 2.4%
Other †
37
2.3%
35
2.0%
17
1.1% 1.2% 1.5%
Total
1,598 100.0% 1,767 100.0%
4
0.3% 0.6% 0.6%
1,598
100.0% 100.0% 100.0%
* half-plex, 2-on-1, mobile home
Current Last Month
12
10
22
21
$244.0
$240.2
Average Price/Square Foot:
This representation is based in whole or in part on data supplied by MetroList. MetroList does not guarantee, nor is it in any way responsible for, its accuracy. Data maintained by MetroList does
not reflect all real estate activity in the market. All information provided is deemed reliable, but it is not guaranteed and should be independently verified. For the most current statistical
information, visit
www.sacrealtor.org/public-affairs/statistics.html.
Compiled monthly by Tony Vicari, Director of Communications | Sacramento Association of REALTORS® | www.sacrealtor.org | 916.437.1205
Based on Multiple Listing Service data from MetroList© | 2018 SAR
BREAKDOWN OF SALES BY PRICE
Type of Financing/Days on Market
91 - 120
Days on Market
181+
0 - 30
MLS STATISTICS for July 2018
Data for Sacramento County and the City of West Sacramento
Median DOM:
Average DOM:
61 - 90
Current Month
31 - 60
(SFR & Condo)
% of Total
Total
121 - 180
† includes: cal vet, contract of sale, creave, farm home loan, owner
financing.
Previous Month
LENGTH OF TIME ON MARKET
12 8 16
116
239
288
251
217
154
81
63 47 27 19 13 28 19
1 House on Lot
Cash
14%
Conventional
61%
FHA
18%
VA
5%
Other
2%
TYPE OF FINANCING
(1 House on Lot/Condo)
0 - 30 Days
78%
31 - 60 Days
16%
61 - 90 Days
4%
91 - 120 Days
1%
121 - 180 Days
1%
181+ Days
0%
DAYS ON MARKET
(1 House on Lot/Condo)
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
55.0%
60.0%
65.0%
Apr-11
Jul-11
Oct-11
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Types of Financing Historical
Cash Conventional FHA VA Other
(% of Sales)
1,598
Total
:
25
Data for Sacramento County and the City of West Sacramento
Jodi Ash
Del Barbray
Judy Black
Courtney Edwards
Sue Galster
Rosanna Garcia
Cherie Hunt
Barbara Lebrecht
Anthony Nunez
Chip O’Neill
Patrick Stelmach
Erin Stumpf
Luis Sumpter
Kellie Swayne
Maurice Thomas
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