December 2007 - Sacramento Association of REALTORS

PRSRT STD
US POSTAGE
PAID
Permit No. 538
Sacramento, CA
Sacramento Association
of REALTORS®
2003 Howe Avenue
Sacramento, California 95825
Sacramento
December 2007
I n si d e
This Issue
President's
Perspective
Page 2
New
Members
Page 4
REALTOR
A PUBLICATION OF SACRAMENTO ASSOCIATION OF REALTORS®
Market, This Year was Professional,
Passionate and Positive in Many Ways
SAR Building Dedication to James Sandman
2007 Installation
Longtime Member and REALTOR® Tracey
Saizan was elected SAR President for
2007. Tracey has lived by her “Passion for
Professionalism” and decided to make this
the theme for 2007. Professionalism was
prevalent throughout the year as REALTORS®
remained dedicated and fully focused on the
improvement of SAR.
New educational courses, including those
focused on commercial real estate, were
SAR’s 2007 President is award- developed, the SAR building was remodeled and productive and insightful meeted gifts by MC Dave Howe
ings paved the way towards professionalism.
Other highlights of the year are listed below.
James Sandman provided
outstanding service to SAR for
19 years
Christmas
CanTree
CanTree at Downtown Plaza
and clients.
Celebrating its 25th year, the Christmas
CanTree and Salvation Army once again
teamed up to provide the Sacramento needy
with enough food to last through the holidays. The CanTree showed its growth and
strength by constructing three giant trees
made from cans of food. These trees were on
public display at three local malls (Downtown
Plaza, Country Club Plaza and Sunrise Mall)
for all to marvel upon.
Main Meeting Speaker Jan
Hargrave, President Tracey
Saizan and EVP Nelson Janes
The 2nd Annual IRCD proved a success as
hundreds of REALTORS® showed up to enjoy
the sweet taste of foods from faraway lands
and exotic entertainment. A group of panelists representing diverse cultures shed light
on any misconceptions about their traditions.
A day of fantastic food, memorable music
and exciting dance was one participants will
not soon forget.
Page 8
Page 11
Masters Club President
Jennifer Burke addresses luncheon attendees
January Calendar
of Events
Page 12
C.A.R. Chief Economist Leslie
Appleton-Young spoke to
a huge crowd of 600 SAR
Members
The November Main Meeting brought in
a record 600+ REALTORS® and Affiliates, due
mostly to the 2008 C.A.R. Economic Forecast
presented by their Chief Economist Leslie
Appleton-Young. She offered valuable and
realistic information about next year’s market. Aside from the intriguing speaker, the
Main Meeting featured representatives from
various cell phone companies and offered
SAR Members unbeatable deals.
Volunteering for Rebuilding Together has
given SAR the chance to help those of the
community who are in need. By working
directly on a person’s house, this effort is not
only productive, but fun as well. Volunteers
painted, constructed a fence, put up drain
pipes and updated home. SAR is proud to
help this fabulous organization!
REALTOR Stephen T. Webb joyfully participates in Rebuilding
Together
Masters Club Golf Tournament
Roy Macy of Comstock
Mortgage enjoys the annual
Masters Club Golf Tournament
Race for the Cure
SAR WEBSITE:
www.sacrealtor.org
SAR Members and staff
support the Race for the Cure
Continuing the tradition, your Sacramento
Association of REALTORS® formed a dedicated team for the Susan G. Komen Race for the
Cure. All benefits from this event go to the
Susan G. Komen Breast Cancer Foundation.
SAR was proud to follow Association President
Tracey Saizan across the finish line.
This year's Masters Club Luncheon theme
was “Survival of the Fittest” and Masters Club
President, Jennifer Burke, has been just that.
Not only has Jennifer been elected President,
but has also served as Chair of the Masters
Club Golf Tournament Committee. Leigh
Rutledge handled the microphone as MC,
contributing her always lively personality to
the occasion.
Fall 2007 Rebuilding Together
Christy Edelman with Dad and
President-elect Alan Wagner
Main Meeting Record Attendance with
Speaker Leslie Appleton-Young
October’s Main Meeting was one of the
most entertaining yet, with professional
speaker, distinguished author and nonverbal communication expert Jan Hargrave taking center stage at the SAR Mack Powell
Auditorium. Jan wowed her audience by
revealing secrets on how to read nonverbal actions. Members left with much more
insight into their peers and clients.
Masters Club and Clients Luncheon
International REALTOR® Celebration Day
Ethics Corner,
Masters Club Corner
Mr. James Sandman, the SAR Executive
Vice President of 19 years, was honored at the
September Main Meeting. Hundreds gathered to participate in the celebration and pay
homage to a man who led SAR for nearly two
decades. The SAR Mack Powell Auditorium
was filled with pictures of Mr. Sandman and
his former staff and peers. The SAR building was dedicated to him and renamed the
James Sandman REALTOR® Center. He will be
remembered.
Jan Hargrave
Christmas CanTree
Page 5
MLS
Statistics
Volume 9 • Number 12
2007: In Spite of a Challenging
Government
Watch
Page 6
®
REALTOR® Jay Emerson
receives his prize from
MetroList’s Bill Miller (left)
and Dave Howe (right)
A cloudy day turned out to be beautiful for the 28th annual Masters Club Golf
Tournament. Chair Jennifer Burke again
orchestrated a fantastic event that raised
over $15,000 for local non-profit organizations, while golfers hit the links and enjoyed a
day of golf and an evening of great food and
entertainment.
2007 Business and Technology Expo
A real estate trade show aimed directly at
our Members made its annual appearance in
full force, with this year’s theme focusing on
the evolution of real estate through the years.
The venue offered educational seminars,
nationally known speakers and the latest and
greatest in real estate technology.
Sacramento Association
of REALTORS®
2003 Howe Avenue, Sacramento, CA 95825
(916) 922-7711
Fax (916) 922-1221 or Fax (916) 922-3904
MetroList
1164 W. National Dr. Suite 60
Sacramento, CA 95834
(916) 922-2234 or (916) 922-7584
2007 SAR Board of Directors
Tracey Saizan
President Charlene Singley Secretary/Treasurer Alan Wagner
President-Elect
Leigh Rutledge
Immediate Past President
Directors
Ed Anderson Doug Covill Sally Dunbar Barbara Harsch Patrick Lieuw Betty Pomeroy Cathryn Snow Lorin Brown
Judy Covington
Kathy Fox
Gina LaPlaca
Carl Olson
Sherri Radovich
Dave Tanner
green REALTOR® work shirts and has
been seen at various volunteer opportunities including Rebuilding Together
and the Great American River Clean-Up.
SAR
President,
SAR expresses its gratitude to this selfless group:
Tracey
Saizan
Chair Telly Tasakos, Nancy Jones-Wegge,
Chris Little, Jennifer Merica, Andrea Parker,
Kathleen Russell, Judy Schoer, Dave Tanner,
Alan Wagner, Marvelene Weyer, Priscilla
Sheen
Thank You,
Committees
Many may view SAR as a “Real Estate
Machine,” pumping out seemingly endless educational opportunities, orchestrating exciting Main Meetings and
offering the latest in real estate products
and information. All of this is made available to you, our Members, in a manner
that appears seamless. What is really the
case is that SAR could not be as productive or as functional without its many
Committees helping make these decisions. From education to mediations,
these Committees deserve recognition
and should have some time to bask in
the spotlight.
SAR Mission Statement
The purpose of the Sacramento Association
of REALTORS® is to enhance the ability
of its Members to practice their profession
ethically and effectively through ongoing
training and accountability.
Vision Statement
Our vision is to promote the highest level
of professionalism and ethics and to affect
changes in the real estate industry to benefit
our Members and the community at large.
Education Committee – This committee meets monthly to review class
proposals and select those that most
appropriately meet your educational
needs. They also develop innovative programs customized for particular groups
like new REALTORS® and brokers.
Here to Serve You
SAR Staff
Feel free to call us direct.
Nelson Janes – 916.437.1201
Executive Vice President
Greg Wilson – 916.437-1204
Director of Finance and Operations
Aaron Truby – 916.437.1203
Staff Accountant
Janelle Fallan – 916.437.1208
Director of Public Affairs and Commercial Division
Pat Lowell – 916.437.1206
Director of Professional Standards
Judy Wegener – 916.437.1207
Director of Education and Communications
Traci Sarria – 916.437.1202
Education Assistant
Liliya Mishchuk – 916.437.1212
Meetings & Events Coordinator
Todd Nicholson – 916.437.1214
Building Superintendent
Janet Whitney - 916.780.5846
Commercial Real Estate Advisor
Debbie Anno - 916.437.1202
Administrative Assistant
Daniel Allen – 916.437.1225
IT Manager
Devyn Henry – 916.437.1226
Executive Assistant
Tony Vicari – 916.437.1205
Public Affairs Assistant
Deborah Grinnell – 916.437.1209
Director of Meetings and Events
Special thanks to this Committee:
Nancy Manly – 916.437.1217
Director of Member Services
Lyndsey Harank – 916.437.1221
Member Services
Robin Mayer – 916.437.1216
Member Services
Denise Stone – 916.437.1219
Member Services
Amelia Warrington – 916.437.1218
Member Services
Barbara Wells – 916.437.1220
Member Services
Hometown
Hero
Chair Shirley Delao, Kevin Cooper, Tina
Deller, Charlene Singley, Dick Swayne
Housing Opportunity Committee
– This Committee is responsible for
promoting first-time homebuyer and
affordable housing programs to SAR
Members. The Housing Opportunity
Committee strives to educate Members
and alleviate any fears produced by
negative press. You can look forward to
an Informational Phone Bank with KVIE
in the future, to answer any questions
the public may have.
We look forward to this Committee’s
plans for next year and would like to
thank:
Government Relations Committee
– Do you ever wonder who fights for
the rights of REALTORS®? What has been
done about private property transfer
taxes? Who speaks up against point-ofsale fireplace retrofits? What has been
done about the proposal of mandatory
Sacramento rental inspections? This
Committee is backed by SAR’s key player in the political arena, Eric Rasmusson.
With his help, the Government Relations
Committee discusses these issues and
decides which SAR supports and which
it does not, all the while keeping the
benefit of REALTORS® in mind.
CanTree Committee – There are
few REALTORS® in Sacramento who
have not heard of or participated in
SAR’s Christmas CanTree program. This
Committee works hard and relentlessly each year securing funds and planning events to help collect more donations and canned food than the years
before. Check out their canned food
(Christmas Tree) masterpieces on display at each of the following local area
malls: Downtown Plaza, Country Club
Plaza and Sunrise Mall.
Community Relations Committee –
SAR reserves a certain amount of energy
for public exposure and volunteer work.
The Community Relations Committee
handles donation requests and recruiting for certain volunteer efforts. This
Committee proudly displays its lime-
SAR Retail Center
Thank you,
Committee:
Chair Diana Perparos, Linda Bennett, Riley
Chavis, Randolph Ervin, Eva Garcia, Bobbi
Glassel, Monica Harris, Vallene Indvik, Kevin
Nunn, Brian Rosa, Scott Short, Charlene
Singley, Alita Turner, Stephen T. Webb,
Marvelene Weyer, Mary Willett
Chair Leigh Rutledge, Nancy Arndorfer,
Lorin Brown, Paula Colombo, Doug Covill,
Judy Covington, Brian Holloway, Michelle
Lehman, Carl Olson, Steve Ostrom, Bob
Rosenberg, Tracey Saizan, Charlene Singley,
Dick Swayne, Dave Tanner, Richard Wilks
Carl Carlson – 916.437.1223
Director of Retail Operations
Doreen Lambrite - 916.437.1224
Retail Center Specialist
Kimberly Mar – 916.437.1222
Retail Center Assistant
Hometown Hero Committee –
This group focuses on honoring those
Members who have made a dedicated mark on their community through
volunteer efforts. These Members are
honored during certain Main Meetings
throughout the year and receive checks
for their favorite charities.
Chair Peter Lee, Vice Chair Gloria Allen, Ken
Erickson, Tom Gunnette, Jim Hanson, Evelyn
Hernandez, Shirley Hunt, Jeff Jurach, Mo
Jaiyeoba, Yong Sook Kim, Chris Little, Dave
Lovenvirth, Analyn Miller, Deniece RossFrancom, Gyan Sharma, and Scott Short
A big thanks is due to this group for
giving SAR a legislative voice:
SAR Member Services
A big round of applause goes out to
this group:
Chair Jim Hanson, Frank Babcock,
Robert Baker, Ginger Berenguer, David
Boliard, Robert Campbell, Steve Cassani,
Peggy Coughlin, Kathy Fox, Michelle Kloss,
Desmond Lenz, Chuck Manly, Tim McGuire,
Pam Poore, Nicole Saizan, Wayne Saunders,
Pauline Sheppard, Tim Weisbeck
PAC Trustees – The Political Action
Campaign Trustees (PAC for short) are
your connection to local and statewide
elected officials. With the help of SAR’s
Legislative Advocate Eric Rasmusson,
this group decides which political campaigns and issues to support. Focus on
the issue or campaign, with a strong
tendency to support issues benefitting
the Real Estate Industry and community
at large.
Thank you to these politically savvy
REALTORS®:
Chair Carl Olson, Jennifer Burke, Paula
Colombo, Doug Covill, Judy Covington,
Steve Ostrom, Leigh Rutledge, Dave Tanner,
Richard Wilks
Masters Club Steering Committee –
Choosing who is eligible for Membership
into the SAR Masters Club takes a group
of knowledgeable and experienced
people, and this Committee proves
to be just that. Along with processing
Masters Club applications, this group
also takes on organizing the Educational
Roundtables, meetings, mixers, golf
tournament and various charitable
activities.
SAR is grateful for all the work you do.
Thanks to:
President Jennifer Burke, Sandi BurdenBradley, Doug Covill, Liz D’Amelio, Glenn
Fong, Gina LaPlaca, Lori Logan, Patti
Martinez, Brian McMartin, Ron Murphy,
Susan Parker, Wendi Reinl, John Royball, Ted
Russert, Aileen Santee, Bruce Slaton, Dianne
Slutsky, Andrew Thielen, Patrick Vogeli,
Richard Wilks
Professional Standards – Upholding
the REALTOR® Code of Ethics, disciplining Members and arbitrating Member
disputes are all part of the Professional
Standards Committee’s duties. Without
a body overseeing the Code, the benefit of being a Member would lose its
strengths and advantages.
SAR would like to thank its Enforcers:
Pat Croyle Chai;, Pamela Petterle, Vice
Chair; Edward Anderson, Nancy Arndorfer,
Betsy Berretty, George Bott, Cleo Brown,
Tommie Hall, Barbara Jaramillo, Rick Keltner,
Richard Kitowski, Rebecca Kucala, Ted
McGregor, Laura Mikulecky, Leigh Rutledge,
Helen Sims, Dave Tanner, JaCi Wallace, R.T.
Willsey
Equal
Opportunity/Cultural
Diversity Committee – This group
focuses on developing and promoting
programs in the areas of minority outreach, fair housing, affirmative marketing, fair lending practices and cultural
awareness. Equal Opportunity is responsible for planning and executing the
International REALTOR® Celebration Day,
a highly entertaining and “tasty” event
that celebrates diversity throughout the
real estate community. This event has
become a favorite of SAR Members.
SAR extends it appreciation to:
Chair Scott Short, Lynn Adams, Angel
Alvarez, Victor Banda, Brit Bertino, Rico
Castillo, Riley Chavis, Kevin Cooper, Edna
Crawford, Johnny Delgadillo, Eva Garcia,
Monica Harris, Bob Ingols, Ana Kihumba,
Juan Lashley, Patrick Lieuw, Tara McDaniel,
George Mijares, Marty Swingle, Sarah Tam,
Alita Turner, Ka Xiong, Tatyana Zeakovi
Young Professionals Council – The
purpose of the Young Professionals
Council is to provide networking, social
continued on page 3
Monday - Friday 7:30 am - 4:30 pm
Saturday 9:00 am - 1:00 pm
2
President's Perspective
Sacramento REALTOR® is published monthly
by the Sacramento Association of REALTORS® for
the benefit of its membership. Advertisements and
statements of fact and opinion are the responsibility
of the authors alone and do not imply an opinion or
endorsement on the part of SAR officers, members
or staff. All material copyright 2007, Sacramento
Association of REALTORS®. All rights reserved.
Sacramento REALTOR®
Sacramento REALTOR®
Newsletter
Editor: Judy Wegener
Publisher: Ned Foley,
Foley Publications
Design & Layout: Eric Ulibarri,
Foley Publications
To Advertise: Foley Publications 1-800-628-6983
Editorial Policy
The Sacramento Association of REALTORS® (SAR) welcomes articles of educational interest to its
members. Published articles will feature the author’s name, title and company; however, no direct
compensation will be paid to the author. SAR reserves the right to edit submitted articles for
length, grammar, and appropriateness.
Articles will be printed in SAR’s publications on a space available basis. Attempt will be made to
publish submitted articles in a timely manner; however, submission of an article does not guarantee when, or if, it will be published.
December 2007
President's Perspective
and educational opportunities to young
Members paving a path to success and
innovative growth in the real estate
industry. At its monthly meeting this
group plans mixers at various clubs and
restaurants and coordinates various volunteer opportunities.
We would like to thank these enthusiastic REALTOR® and Affiliate Members:
Chair Jeff Mrizek, Brit Bertino, Lawrence
Castaneda, Alyssa Lozano, Lindsey Morin
Mondragon, Ricardo Rivera, Ramona
Selman, Kellie Swayne, Michael Williams
Grievance Committee – This
Committee serves as SAR's Grand Jury
on disputes. They provide means for
REALTORS® and real estate consumers
to settle differences without litigation.
Thank you, Grievance Committee:
Bruce Werking, Chair; Paula Swayne, Vice
Chair; Gilbert Chan, Robert Davis, Mindy
Demain, Maggie Frisch, Susan Gibson, Alicia
Guzman-Foster, Tina Jones-Horn, David
Kirrene, Beth Mergens, Susana Redding,
Richard Rumsey, Ted Russert
Budget Committee – The Budget
Committee works with staff to develop
the annual budget and then compares
budget to actual revenue and expenses
each month. Any variances to the budget are brought to the committee for
review and recommendations to the
Board of Directors.
Thank you, Budget Committee:
Chair Charlene Singley, Lorin Brown,
(continued from page 2)
Steve Cassani, Doug Covill, Judy Covington,
Patrick Lieuw, Leigh Rutledge, Tracey Saizan,
Richard Swayne, Dave Tanner and Alan
Wagner
Board of Directors/Executive
Committee – You elect seven of your 14
Directors each year for two-year terms.
They meet monthly and guide the
policy of the Association by reviewing
activities and recommendations of SAR
Committees. They also guide policy by
being kept aware of political and legal
issues affecting the industry and the
Association. The policies that develop
are implemented by staff and volunteers. Your Board serves as the central
clearing house of the organization and
your Directors serve as Ambassadors
and information resources throughout
Sacramento.
Catherine Snow, Dave Tanner
Business and Technology – This
group planned and executed the 2007
Business and Technology Expo. From
January to August, the Committee
brainstormed, collaborated with numerous businesses and lined up nationally
known speakers for the September 6th
event.
Brokers and Managers. The purpose
of this Forum is to provide education,
information and networking opportunities by means of influential and informative speakers and announcements
of upcoming events. Thanks to those
Members who bring this forum to life
every month and to President-Elect Alan
Wagner for moderating.
Patrick Lieuw, Chair; John Adams,
Frank Babcock, Judy Covington, Kimberly
Hamersley, Lacey Bridget, Tim McGuire, Lori
Mode, Alicia Pagliere, Kellie Swayne, Sarah
Tam, Izzy Y-Devine and Richard Zuniga
Legislative Forum – This forum is
open to all SAR Members interested in
gaining further insights into local issues.
Each forum features an elected official
who dialogues with the group, providing two-way communication between
SAR Members and our representatives
Broker/Manager Forum – This
monthly Forum is open to all Member
continued on page 10
Special thanks to:
The Executive Committee is comprised of your Officers who also serve
as four additional Directors. They, along
the Executive Vice President, oversee all
Association activities and develop the
issues and activities in to the Agenda for
meetings of the Board.
SAR greatly appreciates the time that
they give to these important duties:
OFFICERS: SAR President Tracey Saizan,
President-Elect Alan Wagner, Immediate
Past President Leigh Rutledge, Secretary/
Treasurer Charlene Singley. DIRECTORS: Ed
Anderson, Lorin Brown, Doug Covill, Judy
Covington, Sally Dunbar, Kathy Fox, Barbara
Harsch, Gina LaPlaca, Patrick Lieuw, Carl
Olson, Betty Pomeroy, Sherri Radovich,
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December 2007
Sacramento REALTOR®
3
New SAR Members October 2007
New REALTOR® Members Anne T. Cardrino
Prudential CA Realty
Tatyana Chernioglo
Keller Williams Realty
Julie A. Cole
McMartin Realty
Thuy P. Crinklaw
GreatWest GMAC Real Estate
Christine E. Dariotis
G B C, REALTORS
Jeremy Estes
High Priority Realty
Christopher M. Gaco
AtHome Realty
Noel M. Garcia
AtHome Realty
Kira S. Gnapp
Prudential CA Realty
Jeffrey R. Grenz
Coldwell Banker-Diez & Leis RE
Lien N. Ha
Century 21 All Professional
Nida J. Halog
Elite Realty Services
Hina F. Abid
American Heritage R.E. Srvs
Pete A. Agmata Jr
AtHome Realty
Christopher Agustin
21st Century Real Estate
Jeret A. Arnaz
American Heritage R.E. Srvs
Jessica C. Ayala
Berean Homes & Loans, Inc
Debra R. Bailey
Lyon RE Fair Oaks East
Stephen Blume
Century 21 All Professional
Jarrett J. Breshears
Keller Williams Realty
Randy K. Brown
S S V Incorporated
Renee L. Cabral
Bruce A Mills, Inc.
Maria C. Campos
Prudential CA Realty
Walter L. Hames III
Lyon RE Folsom
Michelle D. Hamiel
Prudential CA Realty
Mardi L. Harmer
Lyon RE Folsom
Eugene H. Heise
Old Valley Homes
Touyia T. Her
Elite Realty Services
Londa C. Hillard
Real Estate Solutions
Paul Ivanyuk
Bridge Real Estate Company Inc
Shelly L. Jagd
Lyon RE Natomas
Nichoel L. Jennings
RE/MAX Gold Folsom
Ke Rose Johnson
ZipRealty, Inc.
William R. Johnston Jr
Langdons Homebuyers Assistance
Nikolay Kalmykov
Global Financing, Inc.
Tracee A. Kennedy
Park Place Properties
Barbara A. Kuhl
Realty Source
Lawrence L. Lambert
Coldwell Banker-Res R E Srv
Jeanne R. Lee
The Saunders Company
Erik J. Lemke
Realty World-Superior Realty
Elizabeth S. Leppanen
VGC Real Estate Group
Megan K. Little-Mier
Little Real Estate Services
Chuyia S. Lo
Elite Realty Services
Gilbert Lozano
Coldwell Banker-Res R E Srv
Daniel J. Lozano
Global Financing, Inc.
Sumi McBeth
Mack J McBeth Realty
Mone L. McLucas
ZipRealty, Inc.
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Michelle D. Misciagna
Paula Willhite & Assoc. R.E.
Kurt E. Munch
5K Realty
David H. Murray
Sunrise Real Estate
Francis V. Nguyen
Century 21 All Professional
Thomas J. Pellegrini
American River Real Estate Inc
Dean Petrisor
Members Realty & Loans
Joyce A. Pribble
Century 21 All Professional
Nelly Ramil
AtHome Realty
Maria G. Ramirez
Premier Realty
Bradley A. Read
Century 21 All Professional
Ciciro A. Reyes
AtHome Realty
Mario B. Sarino
AtHome Realty
Aram N. Sarkissian
Dean Adams Res. Loan Bkg
Erich A. Scharf
Norine Chalmers, REALTOR
Bob B. Scott
Kraft Real Estate
Jennifer L. Scruggs
RE/MAX Gold Sacramento
Tim A. Shanahan
Realty World Greater Sacto Prp
Eileen M. Shea
Prudential CA Realty
Corlyn M. Skinner
Prudential CA Realty
Ken A. Skultety
First Financial & Realty Serv
Madeline M. Spitz
Windermere Dunnigan Realtors
Connie S. Stewart
Coldwell Banker-Res R E Srv
Scott F. Tabarango
Lyon RE Fair Oaks
Sabrina E. Vanderford
Prudential CA Realty
Betty J. Varvell
Keller Williams Realty
Virginia Vela
Amity Real Estate Service
Brenda J. Vieira
Lawrence Realty
Michelle Visentin
Burke Realty Group, Inc.
Deborah A. Wacker
Cook Realty
Daniel H. Williams
LGL Properties
Ricky Y. Wong
Elite Realty Services
Lori Worthen
Massey Advantage Inc.
Henry J. Wrigley
Realty Source
Kristie A. Wubben
Newpoint Realty Services
New Designated
REALTORS®
Shannon A. Basford
Global Financing, Inc.
Alfred W. Brown
CRB Group
Garry L. McGee
Perfect Financial Solutions
Thomas J Westlake
Westlake, T J, Broker
New Affiliate Members
Can you join? Absolutely!
SM
Brett Dodge
Dodge & Associates Appraisal
Debbie Kemper
Southern Living at Home
Denisa Myrick
Denisa Myrick
*
www.golden1.com
EQUAL HOUSING
LENDER
4
*
Membership is open to anyone who lives or works in most of the immediate area.
Sacramento REALTOR®
Better Banking. Proven Service.SM
December 2007
Government Watch
By Eric Rasmusson,
Legislative Advocate
December 2007
eration of electronic signs. In doing so,
they are being forced to address other
sign issues among them obviously real
estate signs of several different types.
Directional signs at new homes were
always a target of local sign ordinances
but in recent years sales people have
addressed that controversy with the
human directional signs we see now
on street corners in new growth areas.
Traditional on-site real estate signs are
a simple issue and are left to homeowners associations to regulate. Off-site real
estate signs however always seem to
grab the most attention.
Off-site “permanently affixed” signs
are expressly prohibited by most jurisdictions, though if the sign is placed on
private property with the owner’s permission, there is some question as to the
ability of the city to regulate such signs.
Signs - Signs Everywhere There
Are Signs
As 2007 comes to a close, many local
governments within SAR’s jurisdiction
have begun looking at their sign ordinances. I suppose that shouldn’t be too
big of a surprise as inventory is obviously on the rise but complaints and the
extreme competition of a super heated
market really don’t seem to be the factors that they once were. It seems that
cities are being forced to update their
sign ordinances in order to deal with the
increased popularity and revenue gen-
However, signs that are permanently
affixed off-site in the public right of way
have become a bit more prolific and are
getting the attention of code enforcers. I believe we’ll see a move toward
increased enforcement, increased fines
and penalties for off-site signs in the
public right of way pointing to a listing
some distance away.
Off-site open house signs are always
on the table for discussion when sign
ordinances are dicussed. They are prohibited in bike lanes, sidewalks, median
strips and generally all public rights
of way though if they are placed with
some discretion the code enforcement
community has shown a willingness to
work with REALTORS®. Expect most new
ordinances to still allow open house
signs on private property with the owner’s permission, but only during the
hours of operation of the open house.
Some cities may also seek to limit the
total number of signs a REALTOR® can
place.
Now more than ever it is important
for REALTORS® to show some restraint
in the use and placement of signs. While
I understand that there is significant
pressure to find creative ways to physically market properties that may not be
receiving the attention their owners had
hoped, not showing some restraint may
very well end up resulting in a change in
the ability to use these age-old marketing methods.
We’ll endeavor to keep you updated
as to the changes as the process winds
its way through to completion. We may
also call on Members to communicate
the need for reasonable signage to various elected officials and staff.
Committee Spotlight: Young
Professionals Council
In late 2006, the idea of creating a
committee aimed at younger REALTORS®
was discussed. With four generations
of REALTORS® working side by side in
the real estate industry, it is beneficial
to establish connections between the
veterans of the business and the hip
rookies. The idea of a group for young
REALTORS® was created for this purpose, to expand the ever growing industry that is real estate.
mission statement and a purpose. The
first meeting took place in January 2007
and began the process of establishing
itself among SAR’s many Committees.
After much debate, the name Young
Professionals Council (YPC) was chosen to best reflect the image these
young REALTORS® wished to portray.
Staying true to its name, Members who
joined this group would be limited to
REALTOR® and Affiliate Members in their
20s and 30s.
This group would need a name, a
The Young Professionals Council set
decided on monthly meetings that
would take place on the 3rd Thursday
of each month from 9:00 – 10:00 a.m. A
mission statement was articulated:
“The Purpose of the
Young
Professionals
Council is to provide
networking, social and
educational opportunities to young Members
paving a path to success
and innovative growth in
the real estate industry.”
To attract more Members and keep
current Members in contact with each
other, the YPC decided to host mixers at
some of the newest and most attractive
clubs and restaurants in Sacramento.
Just this year there were networking
1031
mixers at such fine restaurants as Lucca,
Chops, Il Fornaio, Mason’s (At the Park).
The Council even rented a 55’ yacht
for a private, floating mixer on the
Sacramento River! The YPC is also very
active with all SAR events, including
the 2007 Tech Faire Expo and the
Masters Club Golf Tournament.
To join this fabulous
group, you must be an
SAR Member (REALTOR®
or Affiliate) in your 20s
or 30s and eager to excel
in your career as a real
estate professional. (Mixers are open
to all SAR Members.) Contact Liliya
Mishchuk at (916) 437-1212 or [email protected] for more details.
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5
Christmas CanTree PAC support
“A Quarter Century crucial in 2008
Strong!”
While the Presidential election may
get the spotlight in 2008, SAR leaders will be focused on state and local
offices, where the political impact on
local REALTORS’® ability to succeed is so
great. Yes, it’s Political Action Committee
(PAC) fundraising time again.
If you have been a Member of SAR for
more than a year, chances are you’ve
heard of the term “CanTree.” There’s also a
good chance you’ve participated, donated or volunteered during the “CanTree
Season.” December is the month in which
CanTree culminates and is celebrated
at SAR’s Main Meeting. This meeting is
where the Salvation Army joins SAR and
thanks all those who have donated to
this wonderful cause.
SAR and the Salvation Army have partnered for the last twenty-five years to
collect and distribute canned foods for
the needy of Sacramento, and for twenty-five years this partnership has been
mutually beneficial. The Salvation Army
receives the financial support they need
to fill Christmas food baskets for thousands of families. SAR receives an opportunity to give back to a community that
supports their livelihood.
The last couple of years have yielded
record amounts of food collected and
cash donated to the CanTree. Recent
year-end contributions have consecutively produced over $100,000.
Led by Chair Jim Hanson, the CanTree
Committee miraculously met their goal
and raised $102,000 for the Salvation
Army. Considering the challenges the
real estate industry has faced in 2007,
SAR Members are to be congratulated
for their awesome efforts.
Through the California Real Estate
Political Action Committee (CREPAC)
and the local Board of REALTORS® PAC
(BORPAC), the SAR PAC Trustees direct
funds to local candidates who support
Members’ ability to do business. PAC
Trustees will begin interviewing local
candidates in March, after the filing
deadline.
From left to right: (bottom row) Julie Kloss, Chicago Title;
Sally Dunbar, Lyon RE Fair Oaks; Kathy Chigbrow, Lyon RE
Fair Oaks; Dennis Jay Johnson, Lyon RE Fair Oaks; Celia Darby,
Lyon RE Sierra Oaks (top row) Alan Wagner, SAR Presidentelect; Michael Lippi, Coldwell Banker – Metro; Desmond
Lenz, Big Valley Mortgage display the CanTree check for
Salvation Army.
What sort of candidates will local
REALTORS’® dollars support? They will
be candidates and elected officials who
support REALTORS® and the real estate
industry, regardless of party affiliation.
Further, the city and county races SAR
CanTree Top Contributors
Affiliate Offices:
Big Valley Mortgage - 1st Place Donor
Chicago Title Company - 2nd Place Donor
Old Republic Title - 3rd Place Donor
REALTOR® Offices:
Lyon Real Estate – Fair Oaks - 1st Place Donor
Lyon Real Estate – Sierra Oaks - 2nd Place Donor
Coldwell Banker – Metro - 3rd Place Donor
Corporate Donor
MetroList Services, Inc.
The entire CanTree Committee works year-long, planning and participating with everything from decorating to organizing fundraisers.
This committee, the Salvation Army and all contributors, both large
and small, deserve a big “thank you” from SAR and the community
for making this 25th year the most special to date!
In considering which current office
holders to support, SAR PAC Trustees
look at an individual’s record on real
estate issues. Some of the issues
include:
•Private property transfer taxes
•Sign ordinances
•Point of sale regulations
•Mandatory rental inspections
•Flood control
The 2008 dues billing will ask members to consider investing $197 in political action as “the true cost of doing
business.” One of the most important
services SAR and C.A.R. provide is representation in the halls of government
at all levels. Members’ investment will
support candidates who represent their
rights and support the real estate industry’s position on important issues.
New SAR Bylaw
Changes
SAR held its annual meeting during
our recent December Main Meeting.
Attending Members voted in favor of
the following changes.
Jim Hanson receives a framed picture of his alter ego Miss
A-Meal from Salvation Army’s Captain John Brackenbury.
PAC Trustees focus on are generally nonpartisan.
•SAR Membership requirements concerning civil and criminal convictions of
applicants will be toughened.
•SAR will impose term limits on SAR
Directors. Board Members will be
allowed no more than four consecutive
two-year terms without being absent for
at least one two-year election cycle
•No more than two Directors from any
given firm during an election cycle will
be allowed to run for a position on the
SAR Board of Directors.
REALTOR®
Emeritus
Designees
At the recent Main Meeting, SAR
acknowledged the following SAR
Members who are receiving the
REALTOR® Emeritus designation by the
National Association for forty cumulative
years of Membership and Service.
Edward Albers
Chuck Manly
Lew Ritz
Perry Georgallis
Congratulations, Gentlemen! We are grateful
for your dedicated service and Membership.
Happy Holidays!
From your
staff at
The
Sacramento
Association
of REALTORS®
6
Sacramento REALTOR®
December 2007
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Sacramento REALTOR®
9/6/07 12:37:42 PM
7
Ethics Corner
Masters Club Corner
Professional Standards Activity
By Jennifer Burke,
Masters Club President
According to CAR & NAR, Articles 1, 2, 9, 12, and 16 are the Articles of the Code of
Ethics most frequently violated. SAR statistics tend to confirm this. Listed below is the
Professional Standards Activity for the years of 2005 and 2006.
ETHICS & ARBITRATION ACTIVITY 2005-2006
2005
2006
Arbitrations Filed
9
8
Arbitrations Withdrawn
3
3
Arbitration Hearings
3
2
Ethics Cases Filed
21
21
Ethics Cases Dismissed
10
Or Withdrawn
10
Ethics Hearings
10
10
3
6
23
18
Appeal Hearings
Client Mediations
REALTOR® Mediations
3
Articles Violated #1 (2 violations)
#2 (1 violation)
#3 (2 violations)
#9 (2 violations)
#12 (3 violations)
#16 (1 violation)
3
#1 (7 violations)
#2 (2 violations)
#3 (1 violation)
#8 (2 violations)
#9 (5 violations)
#12 (5 violations)
#16 (2 violations)
#17 (2 violations)
In addition to publishing statistics, the Board of Directors of the National Association
of REALTORS® in 1999, approved the ability of local associations to publish the names,
articles violated and discipline imposed of Members who have two (2) ethics violations
within a three (3) year period, which The Sacramento Association of REALTORS®’ Board
of Directors adopted.
The following Member has been found in violation 2 times within 3 years: Timothy
Yee with violations of Articles 1 & 12. A letter of warning was placed in Yee’s file for 1
year on the first violation and an additional letter of warning has been placed in his file
for 2 years on the second violation.
2008 is just around the corner! Have
you submitted your Masters Club application? You can find the application on
the SAR website at www.sacrealtor.org.
All applications must be received no
later than Tuesday, January 15, 2008.
mail. If you cannot access the application form on our website and need an
application to be mailed, please call Pat
Lowell.
If you have any questions, please
check the Masters Club Standing Rules
or contact Pat Lowell at (916) 437-1206
or [email protected].
Here is a list of application procedures.
1. The deadline is Tuesday,
January 15, 2008. All applications must
be received (not postmarked) at SAR by
the end of the business day on January
15, 2008.
2.
The qualifying amount is $4
million in production AND a minimum
of 8 transaction ends OR a total of 30
closed ends.
3.
Application is individual. If you
work for a team, each team member
must meet the qualification amount.
Credit for application is based upon the
names entered into the MLS at either
50% or 100%.
4.
If you are a Life or Outstanding
Life Member, you are eligible to just pay
the dues; fill out the first and last page
of the application and attach your payment. Dues are $65. Please read the
Standing Rules on the website as to the
entitlements for “Dues only” Members.
5.
If you were a previous Masters
Club Member and have not paid dues
for three years or more, you will start
over as a New Member.
6.
Applications will not be sent by
Save the Date
Be sure to mark your calendars for the
Masters Club Awards Luncheon which
will be held on Friday, April 4th at the
Downtown Sheraton. This luncheon is
the largest formal affair SAR hosts. Over
400 REALTORS® and Affiliates applaud
SAR’s top producing agents. Invitations
will be mailed in March.
Loaves and Fishes
At this time of year we should be
thinking about the less fortunate in our
community. Whenever a month has a
fifth Monday, Masters Club Members,
other REALTORS®, Affiliates and their
friends and families prepare and serve
guests at Loaves and Fishes. The next
opportunity to come out and volunteer
is Monday, December 31st. What a great
way to end 2007! For more information
contact Bruce Slaton at
[email protected].
Wishing you a healthy and prosperous 2008.
-- Jennifer Burke
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8
Sacramento REALTOR®
December 2007
REALTORS® In Action
SAR would like to acknowledge and
thank all Members who have contributed
to the REALTOR® Action Fund in 2007. We
ran the first half of the list in our November
Sacramento REALTOR®. Here is the remainder of the list of Members contributing
$197 and more.
Gina LaPlaca, ABR,CRS,
Coldwell Banker-Dunnigan
Nick LaPlaca, CRS, CRB,
Coldwell Banker-Dunnigan
Roberta A Lautrup,
Lyon Real Estate Sierra Oaks
Daniel C Lawson,
RE/MAX Gold of Fair Oaks
Gary T. Lee Jr,
RE/MAX Gold of Greenhaven
Kyung Seob Lee,
Metro Financial Services, Inc.
Lynn Luk Lee, CRS,
Coldwell Banker-Dunnigan
Way J Lee,
The Way R E Service
Dan J. LeKander,
Diversified Properties
Julie K. Lewis,
Lewis Real Estate
Patrick J Lieuw,
RE/MAX Gold of Greenhaven
Barbara R. Loftis,
Century 21-Haley & Associates Inc
Shanda L. Lusich,
Laguna Creek R E Services
Hoa Lisa Luu,
Hoa Lisa Luu
Angelica M. Lynn,
Westcoast Mortgage Group and Realty
Robert A. Machado,
CPM, HomePointe Property Mgmt
Jamie B. Madison,
Coldwell Banker-Doug Arnold
Sandra C. Manzo,
Keller Williams Realty
Tony F. Marine, Jr,
West Coast Realty & Investments
Michael D Marks,
Neighborhood Real Estate Ser
Patti R Martinez,
Lyon Real Estate
Catherine Ashley McAlister,
Ashley Real Estate
Mack J C McBeth,
Mack J McBeth Realty
Claude McBride,
Equity Realty & Mortgage
Kathryn A. McCraw,
Windermere Dunnigan REALTORS®
Gary A McEnerney,
Steele Realty & Invest, Inc
James E McGinnis,
Cal Pacific
Brian McMartin,
McMartin Realty
Jennifer L. Merica,
Lyon Real Estate
George B Mijares,
GM Realty
Laura Mikulecky, CRB, CRS, GRI,
Keller Williams Realty
Raul O. Molina,
Century 21 Select Real Estate
Victor E Mora,
HomeMart Realty Services
Jeffrey A. Mrizek,
Advocate Financial & Realty Group
Jannay M. Murphy,
Century 21 Select Real Estate
Debra M. Murray,
Coldwell Banker-Res R E Srv
Jon Nastro, CRS,
Keller Williams Realty
Jeffrey M. Natividad,
AtHome Realty
Brian K. Newell,
Frontier Realty
Katherine M. Nickerson,
Volkin Management Group, Inc.
David W Ohara,
Windermere Dunnigan REALTORS®
Ronald D. Oland,
Century 21 Distinctive
Carl J Olson,
Riverpoint Realty
Susan Olson,
Coldwell Banker-Res R E Srv
Theodore J. Olson,
Coldwell Banker-Res R E Srv
Karla F Oppliger,
Coldwell Banker-Dunnigan
Steven V. Ostrom, e-PRO,
Coldwell Banker-Res R E Srv
Kim A Pacini,
Lyon Real Estate Sierra Oaks
Rosemarie Phelan,
Davis & Davis Associates
Thomas S. Phillips,
Lyon Real Estate Sierra Oaks
Lynn M. Poelman,
Lyon Real Estate Fair Oaks East
Betty J Pomeroy, CRS,
RE/MAX Gold of Fair Oaks
Patti G Priess,
Windermere Dunnigan REALTORS®
Gerald W. Quinlan,
Help-U-Sell River Valley Homes
Gina L. Ramirez,
AtHome Realty
Juan Luis Ramirez,
Elite Realty Services
Susana M. Redding,
Keller Williams Realty
Debbie M. Regan-Vance,
McCarthy Real Estate
Marjorie J Reid, GRI, CRS,
Lyon Real Estate Sierra Oaks
Wendi Reinl,
Coldwell Banker-Res R E Srv
Richard J Resch,
TerraQuest Realty
Rafael B. Reyes-Spindola,
Realty Source
Pam Robertson, GRI,
P R Real Estate Co
Brian F. Ronquillo,
AtHome Consulting Group, Inc.
Rodney B Rose, GRI,
Home Real Estate
John G. Royball,
The Daniel Realty Group
Clare J Rumph,
Coldwell Banker-Res R E Srv
Ted Russert,
Coldwell Banker-Res R E Srv
Leigh A Rutledge, GRI,
Windermere Dunnigan REALTORS®
Saul Ruvalcaba,
Delta Homes and Lending
Nicole R. Saizan,
Realty World White House R E
Tracey A Saizan, CRS,
Realty World White House R E
Virgilio C. Sanchez,
Elite Realty Services
Allyn R Sandos,
Lyon RE Natomas
Toni R Sasse,
The Souza/Sasse Group
Judy A Schoer, GRI,
Judy Schoer, REALTORS®
Sharon Sedlar,
Lyon Real Estate Sierra Oaks
Cynthia J. Sergeant,
Coldwell Banker-Res R E Srv
Scott T. Short,
Empire Home Loan Corp
Charlene Singley, GRI,
Lyon Real Estate
Claire Black Slotton,
Coldwell Banker-Doug Arnold
Cathryn L Snow,
Lyon Real Estate Fair Oaks East
Kellie L. Swayne,
Windermere Dunnigan REALTORS®
Paula Swayne,
Windermere Dunnigan REALTORS®
Richard R Swayne,
Windermere Dunnigan REALTORS®
Cindy E. Swinger, GRI,
Coldwell Banker-Res R E Srv
Dave R Tanner,
RE/MAX Gold Laguna
Andrew Thielen,
Lyon Real Estate Downtown
Ned Tompkins, CRS,
Ned Tompkins, REALTOR®
Ling L. Tseng,
RE/MAX Gold Davis
Bryan F Turner,
West Sacramento Land Co
Jay Urcuyo,
JP Mortgage & Real Estate Corporation
Rick T. Van Dermyden,
Keller Williams Realty
Vance J. Vasu,
Lyon Real Estate Elk Grove
Raul J. Venzon,
Metroville Real Estate & Mortgage
Alan Wagner,
RE/MAX Gold Laguna
Norman W. Wagner,
RE/MAX Gold Laguna
Marti Walker,
Lyon Real Estate Downtown
JaCi Wallace,
Lyon Real Estate Downtown
Shirley Wang,
JP Mortgage & Real Estate Corporation
Lorene A Warren,
Lyon Real Estate
Shelley L Weisman,
Lyon Real Estate Rocklin
Bruce Werking,
Werking Realty
Colleen M Wifvat,
Windermere Dunnigan REALTORS®
Richard A. Wilks,
Prudential CA Realty
Tina Wilks,
Prudential CA Realty
Cecil O. Williams,
Coldwell Banker-Res R E Srv
Scott Williams,
Cook Realty
R T Willsey, CCIM, ABR, RT
Willsey, CCIM
Anne Wolfe,
Wolfe Realty
Linda D Wood,
G B C, REALTORS®
Alice Woodside,
Lyon Real Estate Sierra Oaks
Geoff Zimmerman,
Windermere Dunnigan REALTORS®
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Jan Windsor – Carmichael 95608, Arden Oaks/
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Sacramento REALTOR®
9
President's Perspective
on city councils, the county commission
and special commissions responsible
for important community services and
safeguards ranging from flood control
to public utilities. While open, the Forum
also consists of Committee Members
who can make recommendations to the
Government Relations Committee and
public policy issues
Regional Meeting Coordinators SAR’s Regional Meeting Coordinators
oversee the implementation of what
are now 8 different Tuesday morning
meetings held throughout Sacramento.
The Coordinators attend each meeting,
ensure an interesting speaker is on hand
to discuss topical information, facilitate
the meeting, assist with the caravan if
one is held at that location, and help
lead discussions when appropriate.
(continued from page 3)
We thank our Regional Meeting
Coordinators for their dedicated efforts:
CENTRAL: Izzy Y-Devine. Eva Garcia, Sherri
Radovich; ELK GROVE: Daniel Camarena;
ORANGEVALE: Pamela Poore; GREENHAVEN/
POCKET: Karla Oppliger, Paula Swayne; WEST
SACRAMENTO: Joanie Kapell; NATOMAS:
Amber Granata, Gail Blevins; FOLSOM: Brie
Cropp, Jack Falk; DOWNTOWN/MIDTOWN:
Rob McQuade
Real Estate Finance Forum (formerly known as the Affiliate/Finance
Forum) - Under the professional direction of Affiliate Sherri Radovich, SAR
held the Real Estate Finance Forum
each first Thursday of the month. With
the current market and the need to
stay up-to-date with financial industry
changes, 40-50 SAR Members attended
the Forum regularly. Typically a guest
speaker would discuss a topic of interest to those present, while representatives from various government agencies
would report on activities in their particular organizations.
SAR appreciates the hard work of
Sherri Radovich and all those who participated in this forum.
Scholarship Trustees - This year
SAR’s Scholarship Program awarded
$35,750 to 29 outstanding high school
and university students. This fundraising
achievement ranks second only to 2006,
when $52,500 was raised for 30 student
awards.
The Scholarship Trustee Committee
spent many hours on fundraising, going
over applications and interviewing our
talented award recipients. Over the past
three years, this core group has raised
over $117,000 for 86 of Sacramento's
most outstanding young scholars.
Congratulations Scholarship Trustees:
Chair Perry Georgallis, Peggy Adams, Carol
Kellogg, Sherri Radovich and Judy Schoer.
Commercial
Sectors
Moving
Forward
How commercial real estate sectors
are moving forward was the message
from C.A.R. and NAR at the Commercial
Division membership lunch held at SAR
in October.
Robert Kleinhenz, economist with
C.A.R., and James Marelli, NAR, both
emphasized the differences between
commercial and residential real estate.
For example, NAR reports there has not
been the same level of overbuilding
in commercial as residential. Further,
the portfolios of commercial investors
usually are more diverse than those of
residential investors. As of September,
a record $257 billion in commercial real
estate transaction volume had occurred
nationwide. In 2006, nearly $307 billion
worth of commercial real estate traded
hands.
Kleinhenz outlined opportunities in
the segments of multi-family, office,
industrial and retail. Sectoral strengths
in the Sacramento employment include
state and local government, professional
and business services and retail trade.
Sacramento is considered well-diversified for a state capital.
In multi-family, for example, he noted
that the renter share is larger in California
than in the U.S. Home ownership rates
peaked in 2001. The previous peak was
1993. LA, San Diego and San Jose are in
the US top Ten for the lowest multi-family vacancy rates. Sacramento is 12th.
Drivers of the office segment include
financial services and business services.
Sacramento office vacancy rates are projected at about 14% in 2008, down from
16% in 2007. With respect to office
space, the average national vacancy
rate is 12.7%. Sacramento is forecast
to be 14% in 2008. San Francisco has
one of the lowest in the nation at 10%.
Industrial vacancy rate is forecast to
remains steady through 2008.
Marelli described NAR’s improved
services for commercial REALTORS®. He
noted there are currently about 200
commercial divisions, like SAR’s commercial division. NAR is developing a
commercial version of the residential
MLS system. He encouraged people to
“attend” the online convention Dec. 4-6,
at www.commercialsource.com
Members can get more commercial
information from NAR by emailing RCA@
realtors.org.
10
Sacramento REALTOR®
December 2007
MLS STATISTICS for September 2007
MLS STATISTICS for October 2007
MLS STATISTICS for October 2007
Data for Sacramento County and the City of West Sacramento
Data for Sacramento County and the City of West Sacramento
SALE PRICE BRACKET BASED ON FINAL SALES
SINGLE FAMILY HOME RESALES
Monthly Statistics
Current Month
New Listings Published
Total Listing Inventory
Number of New Escrows
Number of Closed Escrows
Month's Inventory
Mon
Dollar Value of Closed Escrows
Median
Mean
Mode
3,239
10,088
1,221
770
13.1 Months ##
$257,817,795
$305,893
$334,828
$250,000 - $299,000
Year-to-Date Statistics
Last Month
2,702
10,043
911
707
14.2 Months #
$248,350,363
$320,000
$351,273
$250,000 - $299,000
01/01/07 to
10/31/2007
12,060
8,912
$3,380,964,354
$340,000
$379,372
Number of New Escrows
Number of Closed Escrows
Dollar Value of Closed Escrows
Median
Mean
Change
Last Year
19.9%
0.4%
34.0%
8.9%
-7.7%
N/A*
N/A*
N/A*
1,075
3.8%
-4.4%
-4.7%
$431,176,741
$360,000
$400,722
$300,000-$349,999
-28.4%
N/A*
01/01/06 to
10/31/2006
N/A*
11,954
$4,910,639,959
$370,000
$410,795
10,839
Change
-40.2%
-15.0%
-16.4%
Change
-25.4%
-31.2%
-8.1%
-7.6%
CONDOMINUM / PUD RESALES
Monthly Statistics
New Listings Published
Total Listing Inventory
Number of New Escrows
Number of Closed Escrows
Dollar Value of Closed Escrows
Median
Mean
Mode
Year-to-Date Statistics
Number of New Escrows
Number of Closed Escrows
Dollar Value of Closed Escrows
Median
Mean
Current Month
254
847
88
43
$10,029,410
$207,000
$233,242
$200,000 - $249,999
01/01/07 to
10/31/2007
995
749
$183,049,849
$220,000
$239,594
Last Month
261
839
78
53
$11,718,513
$197,000
$221,104
$200,000 - $249,999
907
Change
-2.7%
1.0%
12.8%
-18.9%
-14.4%
5.1%
5.5%
Last Year
N/A*
N/A*
N/A*
73
$18,404,593
$227,600
$252,118
$200,000 - $249,999
01/01/06 to
10/31/2006
N/A*
719
$228,725,841
$235,000
$254,706
Change
Selling Price
UNDER $140,000
$140,000-$159,999
$160,000-$179,999
$180,000-$199,999
$200,000-$249,999
$250,000-$299,999
$300,000-$349,999
$350,000-$399,999
$400,000-$449,999
$450,000-$499,999
$500,000-$549,000
$550,000-$599,000
$600,000-$649,999
$650,000 - $699,999
$700,000-$749,999
$750,000 - $799,999
$800,000-$849,999
$850,000 - $899,999
$900,000-$949,999
$950,000-$999,999
$1,000,000 and over
Total
-41%
-46%
-9%
-7%
Change
4.2%
-20.0%
-6.4%
-5.9%
Median: The midpoint at which an equal number of homes sold above and below this value.
Single-Family
Residential
%
of Total
Condo/
PUD
Percent
of Total
Residential
Income
Residential
Lots/Land
Other
Residential*
20
20
14
26
121
162
150
85
59
36
22
13
9
12
3
5
3
1
1
4
4
2.6%
2.6%
1.8%
3.4%
15.7%
21.0%
19.5%
11.0%
7.7%
4.7%
2.9%
1.7%
1.2%
1.6%
0.4%
0.6%
0.4%
0.1%
0.1%
0.5%
0.5%
8
2
6
1
10
6
5
0
3
1
1
0
0
0
0
0
0
0
0
0
0
18.6%
4.7%
14.0%
2.3%
23.3%
14.0%
11.6%
0.0%
7.0%
2.3%
2.3%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0
2
0
0
2
4
1
4
3
0
1
0
1
0
0
0
0
0
0
0
0
3
0
0
0
0
0
2
1
0
0
0
0
0
0
0
0
0
0
0
0
1
4
4
1
0
2
2
3
0
1
0
0
2
0
0
0
0
0
0
0
0
0
770
100%
43
100%
18
7
19
Type of Financing
(SFR, condo, PUD only)
Financing Method
Cash
Conventional
FHA
VA
Other †
LENGTH OF TIME ON MARKET
# of
Units
52
670
13
6
72
813
% of
Total
6.4%
82.4%
1.6%
0.7%
8.9%
100.0%
(SFR, condo, PUD only)
Days on Market (DOM)
1-30
31 - 60
61 - 90
91 - 120
121 - 180
181+
# of
Units
268
183
142
109
68
43
813
% of
Total
33.0%
22.5%
17.5%
13.4%
8.4%
5.3%
100.0%
† includes: 1031 exchange, interest buy down, Cal Vet, contract of sale.
* half-plex, 2-on-1, mobile home
Mean: The arithmetic average of the total number of residential sales divided into total residential sales dollar volume.
Mode: The price range within which the most number of homes were sold.
*To ensure the greatest possible accuracy, SAR, with the assistance of MetroList, has refined its search methods. Last year's reported listing inventory covered
a date range rather than all homes on the market at a specific date.
This representation is based in whole or in part on data supplied by MetroList. MetroList does not guarantee, nor is it in any way responsible for, its accuracy. Data maintained by MetroList does not reflect all real estate
activity in the market. All information provided is deemed reliable but it is not guaranteed and should be independently verified. For the most current statistical information, visit www.sacrealtor.org - about us - statistics
This representation is based in whole or in part on data supplied by MetroList. MetroList does not guarantee, nor is it in any way responsible for, its accuracy. Data maintained by MetroList does not
reflect all real estate activity in the market. All information provided is deemed reliable but it is not guaranteed and should be independently verified. For the most current statistical information, visit
www.sacrealtor.org - about us - statistics
Based on Multiple Listing Service data from MetroList. © 2007 SAR.
Based on Multiple Listing Service data from MetroList. © 2007 SAR.
Compiled monthly by Sacramento Association of REALTORS® www.sacrealtor.org (916) 437-1208
Compiled monthly by Sacramento Association of REALTORS® www.sacrealtor.org (916) 437-1208
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MLS Sum Page 1
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Call Today - 800.833.4343
December 2007
Sacramento REALTOR®
11
January Calendar of Events
Meetings subject to change.
Sunday
6
Monday
7
WCR (A)
12:00 – 1:30pm
New Member Orientation (B)
12:30 – 4:30pm
13
20
27
Tuesday
1
Wednesday
2
Thursday
3
Holiday – SAR Closed
Commercial Forum (A)
7:30am – 3:00pm
New Member Orientation (B)
8:30am – 12:30pm
Interns (B) 2:00 – 3:00pm
Real Estate Finance Forum (B)
9:00 – 10:30am
CanTree (B) 10:15 – 11:30am
REVEI (T) 12:30 – 3:30pm
PAC Trustee (B)
2:00 – 3:30pm
8
9
Regional Meeting (A)
8:30 – 9:30am
REVEI (T) 9:30am – 12:30pm
Installation Lunch (A)
12:00 – 2:00pm
Exams (T) 2:00 – 4:30pm
Friday
4
Saturday
5
10
11
12
New Member Orientation
(B) 8:30am – 12:30pm
Interns (B) 2:00 – 3:00pm
GRI (A) 8:00am – 5:00pm
Realtist (A) 9:00 – 11:00am
Equal Opportunity/Cultural
Diversity (B)
11:15am – 12:30pm
REVEI (T) 12:30 – 3:30pm
Risk Management (A)
9:00am – 12:00pm
HUD Home Class (A)
10:00am – 12:00pm
14
15
16
17
18
Commercial Intro (A)
9:00am – 12:00pm
License Renewal (A)
9:00am – 12:00pm
New Member Orientation (B)
12:30 – 4:30pm
Commercial Advanced (A)
1:30 – 4:30pm
Regional Meetings
REVEI (T) 9:30am – 12:30pm
Exams (T) 2:00 – 4:30pm
New Member Orientation
(B) 8:30am – 12:30pm
Interns (B) 2:00 – 3:00pm
YPC Forum (A) 9:00 – 10:00am
Board of Directors (A)
9:00 – 11:00am
WCR Luncheon (A)
11:00am – 2:00pm
REVEI (T) 12:30 – 3:30pm
Legislative Forum (B)
9:30 – 10:30am
21
22
23
24
25
SAR Closed
Regional Meetings
WINForms Desktop (A)
9:00am – 12:00pm
REVEI (T) 9:30am – 12:30pm
Exams (T) 2:00 – 4:30pm
New Member Orientation (B)
8:30am – 12:30pm
Escrow Coordination Secrets (A)
8:30am – 12:30pm
Interns (B) 2:00 – 3:00pm
REVEI (T) 12:30 – 3:30pm
Broker/Manager Forum (A)
9:00 – 10:00am
28
29
30
31
February 1
SAR Closed for Staff
Development
1:00 – 2:00pm
Pro Standards Training (A)
9:00am – 1:00pm
REVEI (T) 12:30 – 3:30pm
19
26
February 2
SAR Educational Offerings
All classes listed below are held at SAR's Mack Powell Auditorium. To register online,
visit ims.sacrealtor.org. Questions - contact Traci Sarria or call 916.437.1210. (Please
contact us for non-member pricing)
Risk Management by Design*
Instructor: Robert Brand
Friday, January 11
9:00am – 12 noon
Cost: $10 if paid by Monday, January 7
3 DRE Credits
WINForms Desktop
Instructor: David Lovenvirth
Tuesday, January 22
9:00am – 12 noon
Cost: $10 if paid by Friday, January 18
“Excel National Bank achieves
#1 SBA lender status in
the Sacramento Region.”
FINANCING
AVAILABLE
FOR
Escrow Coordination Secrets
Instructor: Diana Turnbloom
Wednesday, January 23
9:00am – 12 noon
Cost: $10 if paid by Friday, January 18
3 DRE Credits
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Wednesday - Friday, February 27-29
8:30am - 5:00pm
Cost: $399
* This course is approved for continuing education credit by the California
Department of Real Estate. However, this approval does not constitute an
endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors or lecturers. You must attend 90% of the class and have
proof of identification to qualify for DRE Credits.
Aaron Beckman
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12
Sacramento REALTOR®
December 2007