With Home Values Surging, Is it Still Affordable to Buy Right Now?Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale
Where To Buy In Sacramento On A Smaller Budget
Dated: July 28 2020
However, there are homes that sell in those coveted neighborhoods at a lower price.
“You could be in a $350,000 house and be a mile from a $1.5 million house, and you’re still there,”. “The opportunity is in Sacramento. Prices are high but they’re high everywhere.”
Del Paso Manor/ Garden of the Gods
Arden Park and Arden Oaks are desirable areas within Arden for their spacious lots and location. It’s not unusual to hear of homes go for over $1 million. Still, there are homes nearby for under $400,000.
“There’s Del Paso Manor and Garden of the Gods and they’re right next to each other,”. “In Del Paso Manor you’re sort of looking at an average of $275 a square foot and so your average square footage is 1,400 looking at $375k to $380k which is a really good entry price point especially when interest rates are so low.”
Tahoe Park/ Tallac Village
“There’s room to grow there,”. “I’ve sold homes there that have half-acre lots, and that’s between 65th and Stockton adjacent to East Sacramento, and very easy to get on the freeway.”
If you like East Sacramento for the Tudor style of homes Squaglia recommends checking out Woodlake. Average homes run for $475,000 for 1,700 square feet. Woodlake is located above Highway 160 off Del Paso Boulevard in North Sacramento.
College Greens/ College-Glen
“When I have a family and they say 'OK, my max is 400 [thousand dollars], we need a four-bedroom and two bath with a yard, and maybe a pool, that’s usually the first area I go to,”.
Real estate agents say there are a lot of opportunities in the Sacramento region. However, if you find a home priced accordingly and under $600,000 it may get competitive.
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