Sacramento Homebuyers Set To Benefit From Housing Gap

October 26th, 2011

Twenty-nine cents on the dollar.

That’s what homebuyers now pay for a typical house in the Sacramento region compared to buyers in San Francisco. And if history is any guide, that mounting price gap could have a big impact on Sacramento’s housing market and economy in the not-too-distant future.

The last time the spread between Bay Area median prices and Sacramento median prices grew so big was a decade ago, just before tens of thousands of Bay Area transplants arrived in Sacramento, turning a healthy housing market into a bona fide boom.

The opening of a recent Sacramento Bee article – Hope in Housing Gap .  The article goes on to talk about buyers who will consider a move to the Sacramento housing market based on the value of what their money can buy.  This especially holds true for retirees who downsize and make financial decision based on their lifestyle needs and cost of living. We see a lot of buyers come from the East Bay or North Bay – Napa County to Alameda County, who realize that there is real value here.   Those looking for a long term option, near airports for travel, wine tasting  and within easy reach of Sacramento. Buyers are amazed at how much home they can buy for nearly a third of the cost of their current residence.

You get a lot more “bang for your buck” in Sacramento and the increased price gap should bode well for Sacramento housing.  The last two local housing booms were both proceeded by similar pricing gaps. The article sums it up below:

The calculus is simple: Bay Area residents see their modest homes sell for immodest prices, and decide to cash out and buy quasi-mansions in Sacramento.

Buyers expect more in today’s market and even the pickiest buyers are pleasantly surprised by the carefully planned floor plans, and quality of  design and finishes that our NEW home construction at The Islands at Riverlake offers. As a bonus, The Islands is located in the established and prestigious Greenhaven/Pocket neighborhood, where residents enjoy tree-lined streets, parks and river access, yet are within minutes to urban amenities – fine dining, live music, sporting events, farmers markets, festivals and more that Bay Area residents have become accustomed to in large cities.

For more information regarding The Islands at Riverlake, or to schedule an appointment to see our community:

The Islands at Riverlake
8002 Linda Isle Lane
Sacramento, CA 95831
Phone: (916) 422-2202

The Islands at Riverlake is on Facebook and Twitter, follow along for specially priced homes, community events, local business spotlights and incentives!