07/10/14 by Lyon Real Estate
(SACRAMENTO, CA) – Homes sales in the $900,000 and above price point continue to play a significant role in the final phase of the financial recovery throughout the Greater Sacramento region. Quite notably, 33 percent more closed escrows were recorded in the second quarter of 2014 compared to the same period last year. These findings were released by Trendgraphix and reported by Lyon Real Estate as part of the company’s quarterly luxury report.
“Inventory of homes in the luxury space has increased approximately 20 percent over the second quarter of 2013,” says Pat Shea, president of Lyon Real Estate. “New open escrows however, are up seven percent leaving only eight months of inventory based upon the current rate of sales.” It’s very common to be running with more than 10 months of inventory in this price range according to Shea. He added that “Placer Sacramento, Yolo and El Dorado counties combined, endured periods of 25-30 months of supply in the upper-end at the peak of the great recession.”
Files: July 2014 Lux Market Update
06/16/14 by Lyon Real Estate
(SACRAMENTO, CA) – Lyon Real Estate has appointed Cathy Harrington as its marketing director, it was announced today by Pat Shea, the company’s president and chief operating officer.
Ms. Harrington is a senior marketing executive with over 20 years of real estate marketing and public relations experience. Prior to joining Lyon, she was with Better Homes and Gardens Mason-McDuffie Real Estate, where she headed marketing for the company for several years. Prior to that, she held marketing positions with HomeGain.com, and Marcus & Millichap Real Estate Investment Brokerage Company.
06/16/14 by Lyon Real Estate
Sacramento, CA – (June 16, 2014) --Worldwide ERC® has announced that Janet Hubbard, Senior Inbound Referral Coordinator and Jenean Wilson, Outbound Referral Coordinator, both with Lyon Real Estate, have earned the Certified Relocation Professional (CRP®) designation.
Worldwide ERC is the workforce mobility association comprised of individuals concerned with domestic and international employee mobility.
06/13/14 by Lyon Real Estate
(SACRAMENTO, CA) – Selling season remained in full bloom as Sacramento, Placer, Yolo and El Dorado counties logged a combined 2,769 new open escrows during the month of May. This aggressive rate of sales kept the region in a strong seller’s position even though available listings topped the 5,300 mark for the first time since December of 2011. This information was provided by Trendgraphix and reported by Pat Shea, President of Lyon Real Estate.
The median sales price closed out May at the post-recession high of $312,000 compared to a meager $185,000 at the end of 2011. “Distressed properties and investor activity were still the norm back then,” said Shea. “Approximately 85% of the current sales transactions are equity sellers looking to buy again.”
05/14/14 by Lyon Real Estate
(SACRAMENTO, CA) – California Chrome maintains good company as home buyers in the Greater Sacramento Region continue their horse race for desirable properties. The four county area boasted its 4th straight month of significant increases in new sales figures and finished April with a remarkable 2,828. This number of sales is the highest for any one month since May, 2012.
With information provided by Trendgraphix and reported by Pat Shea, president of Lyon Real Estate, the standing inventory of 4,762 homes is approximately 40% higher than 2 years ago. The rapid rate of pending sales however, left prospective shoppers with a mere 1.7 months of supply.
05/08/14 by Lyon Real Estate
(NATOMAS, Calif.) – When Lyon Real Estate’s Natomas Office officially moves this Friday, it’ll only be a six-minute walk to their new office. But for agents and staff, it’ll be like moving onto a mountain top.
Lyon Natomas’ next home at 2280 Del Paso Road is a little roomier, but far more prominent — right at the intersection of Del Paso and Truxel Roads.
“Everyone in our office is thrilled. This location really will create a beacon for Lyon Real Estate in the Natomas community,” said Natomas Office Manager Susie Pierce. “This is an upgrade to a more sleek and stylish home that’s much more representative of Lyon Real Estate.”
Files: May 2014 Market Update
04/14/14 by Lyon Real Estate
(SACRAMENTO, CA) – Lyon Real Estate reports that new open escrows during the month of March jumped 38% and closed sales 25% in Greater Sacramento. These numbers are compared to February 2014 and left a mere 1.6 months of inventory based upon the current rate of pending sales according to data provided by TrendGraphix.
The median price also experienced a renewed, upward trend after almost nine full months of toggling within the $270,000 and 280,000 ranges. February finished with a median of $290,000 and March $300,000. “This represents the first time the Sacramento Area median has hit $300,000 since December of 2007 and mirrors the healthy and pre-boom $299,000 posted 10 years ago in March 2004” stated Pat Shea, President of Lyon Real Estate.
04/02/14 by Lyon Real Estate
(SACRAMENTO, Calif.) – Lyon Real Estate has hired Aleena Weiss as a full time, dedicated property manager.
Weiss, a graduate of California State University, Sacramento, is a licensed realtor with more than nine years’ experience as a property manager. She was previously with Realty Roundup in Elk Grove, where she managed portfolios for more than 180 properties, advancing from executive assistant to property manager.
In her new role as a property manager for Lyon Real Estate, Weiss will oversee maintenance of property rentals, fill vacancies, find workable solutions for tenants, and negotiate and enforce lease agreements.
03/13/14 by Lyon Real Estate
(SACRAMENTO, CA) – The greater Sacramento area’s spring selling season has officially arrived according to data provided by TrendGraphix and reported by Lyon Real Estate.
New pending sales in February (2,270) represented a 19 percent jump over the previous month. This exciting news for home sellers follows the 39 percent increase already enjoyed in January 2014 as compared to December of 2013. The number of new pending sales in February 2014 also marks the highest number of new sales in any given month since August of 2013.
Inventory of 4,077 homes remains at pre-July 2013 levels and 18 percent below the most recent peak reached in October 2013. The current rate of pending sales mapped to the number of available homes, left a meager 1.8 months of inventory on the books. These sales and inventory figures also mirror early summer 2013 postings.
02/12/14 by Lyon Real Estate
(SACRAMENTO, CA) – New pending sales jumped 39 percent in January when compared to December of 2013 in the greater Sacramento resale housing market according to data provided by TrendGraphix and reported by Lyon Real Estate.
The 2,106 posted contracts were a mere 7 percent below those logged in the red hot January market of last year. Even though resale inventory is 60 percent higher than one year ago, months of inventory based upon the current rate of pending sales retreated back to 1.9.
The move-up market, considered by many experts to be from $350,000 to $750,000 range, exhibited exceptional momentum as well by posting a 55 percent increase in sales over December numbers and 33 percent more than the same quarter one year ago.