Posts Tagged ‘Sacramento County California’

Sacramento-area home prices continue their slide

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By Robert Lewis
rlewis@sacbee.com
Published: Tuesday, May. 10, 2011 – 11:35 am
Home prices continued to slide in March both nationwide and across the region, according to figures researcher CoreLogic released today.

For the eighth straight month home prices dropped when compared to the same month a year prior. The March 2011 median sale price was down 7.5 percent nationwide in March when compared to March 2010. The drop was even more pronounced in the four-county region of Sacramento, Yolo, El Dorado and Placer counties where the median in March was down 10.42 percent year over year.

Foreclosures and short-sales appear to have dragged down prices for everyone else. The median sale price for non-distressed properties in March was down 1 percent year over year nationwide and 5 percent in the four county region.

The CoreLogic data came out just after the Sacramento Association of Realtors released their figures for April sales in Sacramento County and the City of West Sacramento. Similarly those figures showed a local market still seeking the bottom.

There were 1,524 single-family home resales in April in Sacramento County and West Sacramento, down about 1 percent from April 2010. The median sale price in April was $169,900, an 8.2 percent drop year over year.

In the first four months of this year there were 5,714 single family home resales in the area — a 4.1 percent increase from the first four months of 2010. The median sale price, however, was down 6.1 percent from $180,000 in January through April of 2010 to $169,000 in the first four months of this year.
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Sales of small, midsize businesses increase

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Published: Wednesday, Feb. 9, 2011 – 12:00 am | Page 8B

More than 1,200 small and midsize businesses were sold in California in January, the highest sales total for the month since 2008, reported business sales tracker BizBen.com

Sacramento County also saw a January increase, with 34 sales compared with 27 in 2010. The January 2011 total was still less than half of the 77 small- and midsize businesses sold in 2008.

Peter Siegel, president of the Dublin-based website, said the numbers indicate that “we’re starting to experience the turnaround that has been predicted.”

The January uptick in Sacramento County is also a positive sign after a slump in small business sales in 2010. BizBen.com reported 403 transactions in Sacramento County last year, down from 511 in 2009.

Also pushing sales, Siegel said, are sellers who are more willing to provide financing to help close deals in a tough economy.

Elsewhere in the region in January, 11 businesses were sold in El Dorado County, 14 in Placer County and four in Yolo County.

– Darrell Smith

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Sacramento April home sales prices increase from year earlier

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