In the news

Lyon Real Estate Hires New Property Manager

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.

SACRAMENTO AREA REAL ESTATE NEW SALES BACK ON THE RISE

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.

SACRAMENTO AREA REAL ESTATE OPEN ESCROWS JUMP 39 PERCENT

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.

GREATER SACRAMENTO LUXURY HOME MARKET FLOURISHED IN 2013

01/15/14 by Lyon Real Estate

(SACRAMENTO, CA) – Sales in the upper end home market throughout the greater Sacramento region improved considerably in 2013 according to data provided by TrendGraphix and reported by Lyon Real Estate.
Closed sales of properties more than $750,000 increased 51 percent in 2013 compared to 2012 reflecting a renewed consumer confidence and sustained rebound in the high-end market throughout Sacramento, Placer, El Dorado and Yolo Counties.

STABILITY BECOMES THE NORM IN SACRAMENTO AREA REAL ESTATE

01/14/14 by Lyon Real Estate

(SACRAMENTO, CA) – The greater Sacramento resale housing market exhibited traditional seasonal behavior in the month of December 2013 according to data provided by TrendGraphix and reported by Lyon Real Estate.
Listing inventory and pending sales dropped 12 percent and 14 percent respectively, while closed sales finished 5 percent higher than the month of November 2013.
Months of inventory still remain in a “seller’s market” range with 1.7 months available below $350,000, 2.4 months in the $350,000 to $750,000 range and 8.1 months above $750,000. These figures are based upon the rate of closed sales.