The document summarizes real estate market statistics for Sacramento County in April 2014. It reports that while home prices increased in 2013, the market has since leveled off with steady inventory levels and a decrease in distressed home sales. Currently, 1.8 months of homes are on the market, pending sales rose slightly from the previous month but remain lower than the prior year, and the average home sales price rose 1.4% from the previous month to $289,285 though sales volumes dropped 15.4% from the previous March. The investment analysis further breaks down assumptions used to evaluate properties for positive cash flow and return on investment.

1. April, 2014
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County Report
SACRAMENTO COUNTY
Statistics and Perspectives of Sacramento County’s
Residential Real Estate Market, including Investment Overview,
Active, Pending, & Sold Trends.
April, 2014
MMAARRKKEETT RREEPPOORRTT

2. www.WrightRealEstate.us
County Report
SACRAMENTO COUNTY MARKET
SUMMARY:
Sacramento County numbers have
fluctuated heavily over
2013 we saw price gains
extended price flattening,
increasing inventory for sale
same time as distressed inventory
declined and was bought up. Th
of activity invited an increase in
conventional inventory. Seller
confidence is relatively higher than it
had been the couple years previous.
Though it is typical for sales to slow
slow end of 2013 and beginning of 2014
gear, and remains slow
Not what people expect from a “robustly recovering” economy.
Stepping into Q2 2014,
by low numbers of purchases,
interest rates.
Investment Evaluation
Of the 2,370 single family homes (SFR)
sale (on April 11, 2014
of which 9% show monthly
investments. An estimated
internal rate of return (IRR)
benefits are factored in
(The “Assumptions” at the end of the report
the properties as a group.)
Page 2
SACRAMENTO COUNTY MARKET REPORT
numbers have
the last year. In
we saw price gains followed by
extended price flattening, a steadily
for sale at the
as distressed inventory
bought up. This flurry
increase in
conventional inventory. Seller
relatively higher than it
had been the couple years previous.
Though it is typical for sales to slow during the winter months, t
end of 2013 and beginning of 2014 has not yet shifted into high
, and remains slow in March 2014 when it would normally take off
ot what people expect from a “robustly recovering” economy.
Stepping into Q2 2014, Sacramento’s real estate optimism is tempered
low numbers of purchases, flattening prices, and bolstered by low
Evaluation:
single family homes (SFR) available on the market
, 2014) we were able to analyze approximately 97%
monthly positive cash flow when evaluated
An estimated 38% of these properties have a positive
internal rate of return (IRR); which is a positive annual return after tax
ed in.
” at the end of the report explain the numbers used
April, 2014
(916) 726-8308
during the winter months, the
into high
ould normally take off.
ot what people expect from a “robustly recovering” economy.
Sacramento’s real estate optimism is tempered
, and bolstered by low
on the market for
to analyze approximately 97%,
positive cash flow when evaluated as
positive
annual return after tax
explain the numbers used to analyze

3. www.WrightRealEstate.us
County Report
Of Multi-Family (2-20) unit properties
and 161 were analyzed.
positive monthly cash flow
estimated return when tax benefits are
Active Properties
For Sacramento County, Active Listing Inventory as of
2,226 listings for the month, up
current inventory is up Year
The months of inventory available for sale
months. That figure is up
.8 months of inventory.
amount of inventory divided by the
number of months that it would take
to sell the entire inventory.
Pending Sales
Pending sales at the beginning of April
totalled 1,922. That is a
increase over the previous month, and
a 10.2% decrease from
last year.
Page 3
20) unit properties, there are 162 available for sale,
nalyzed. 21% of these are estimated to produce
monthly cash flows, while 87% show a positive annual
estimated return when tax benefits are factored in (IRR).
For Sacramento County, Active Listing Inventory as of April 1 rose to
listings for the month, up .6% from March’s listings. The
current inventory is up Year-to-Year, 87.1% from April 1, 2013
The months of inventory available for sale ticked downward to 1.8
figure is up dramatically from March 2013’s number of
months of inventory. The term months of inventory expresses the
amount of inventory divided by the number of sales, giving the
number of months that it would take
to sell the entire inventory.
at the beginning of April
. That is a 13.3%
previous month, and
from the same time
April, 2014
(916) 726-8308
available for sale,
of these are estimated to produce
positive annual
1 rose to
listings. The
2013.
to 1.8
number of
The term months of inventory expresses the
, giving the

4. April, 2014
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County Report
Sold Properties
Total properties sold during the month of March rose to 1,205, up
28.1% from February’s 941. However, the number of sales is down
15.4% from March 2013’s 1,424 units.
Sales for March were made up of 95 REO’s (8% of sales), 104 short
sales (9% of sales) and 1,006 conventional sales (83% of sales). One
year ago REO’s accounted for 29% of sold homes, short sales 29%
and conventional sales 42% of all sales.
Price Change
March’s average sales price is up to
$289,285. That is a 1.4% increase
over the previous month’s average
of $285,338, and a 16.9% raise
from March 2013.
Average list price of properties that
sold in March, 2014 was $296,873
and average Sold Price was
$289,285, making an average price drop of $7,588 from listing to sale.
Days on Market
The average number of days a property was actively marketed before
an acceptable offer was received was 39 Days on Market (DOM) in
March. That is 1.7% fewer days than the previous month and 39.8%
days fewer than March last year.
The average days in March from the acceptance of an offer to close of
escrow and sale was 37 days; one day less than the previous month
and substantially less than the 51 days in March 2013.

5. April, 2014
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County Report
Investment Analysis Assumptions
• 97% of SFR properties on the market were analyzed.
• 99% of multifamily properties on the market were analyzed.
• Down Payment at 25%
• Interest Rate – 5%
• Gross Expenses – 20%
o Property Management – 10%
o Vacancy – 5%
o Maintenance – 5%
• Taxes Estimated at 1.25% of purchase price
• Insurance Estimated at .4% of purchase price
• HOA are included in analysis
• Where rents are not stated they are estimated, based on
average area estimates for square footage and by number of
bedrooms
• 2-4 unit rents are estimated to be consistent with other rents in
the same property
• Tax Rate is estimated at 30%
For information regarding Assessment of a Residential Investment
Property, Market Analysis and/or Real Estate Sales
contact us directly
Office: 916.726.8308 Joel@WrightRealEstate.US
View additional information at www.WrightRealEstate.US.