With the continued growth of our real estate market and prices climbing, Sacramento is still affordable especially for Bay area buyers who agree that Sacramento is a thriving community with great nightlife, according to some Bay area newspapers, a flourishing art community, and an amazing bike trail system for various recreation purposes.

Staff writer Ben van der Meer of the Sacramento Business Journal has recently come to our Sacramento Association of Realtors  and talked about future developments happening in Natomas, Folsom, and, of course, downtown.

 

 

Sacramento’s Real Estate Projects

 

1. Natomas has 3,000 entitles, but unbuilt homes.
2. Folsom will have a 6,900 new units being built . The Folsom plan will add about 350 homes a year.
3. Rancho Cordova will also build 6,700 homes with a master plan being developed that would add about 12,189 new homes. Rancho Cordova has the advantage of being close to the Lightrail.
4. Downtown has 2,200 entitled or under construction units.
5. Sacramento has a lot shortage with a supply of about 5,700, which is approximately a year’s worth.
6. J St- 11-story project in midtown with 175 units being built, some as small as 440 sq. ft.

 

 

Despite all these great new building projects, staff writer Ben van der Meer pointed out that new housing supply will continue to stay slim, which creates a shortage of new listings and inventory.

 

Sacramento’s Wide Open Walls – Art Meets Real Estate

 

Another reason to be excited about our Sacramento real estate market and all the new projects is the Wide Open Walls new murals that adorn Sacramento’s old and new buildings. With more building and development, the art movement is evident. More than 50 local, national, and international artists have produced some amazing art, using various techniques, such as spray painting.

 

 

Along with enhancing the cityscape, Sacramento Congresswoman Doris Matsui said a thriving arts scene can be an economic driver for the city.