Sacramento is the capital city of the U.S. state of California and the seat of Sacramento County. It is at the confluence of the Sacramento River and the American River in the northern portion of California's expansive Central Valley, known as the Sacramento Valley. Its estimated 2016 population of 493,025 makes it the sixth-largest city in California, the fastest-growing big city in the state, and the 35th largest city in the United States. Sacramento is the cultural and economic core of the Sacramento metropolitan area, which includes seven counties with a 2010 population of 2,414,783. Its metropolitan area is the fourth largest in California after the Greater Los Angeles area, the San Francisco Bay Area, and the San Diego metropolitan area, and is the 27th largest in the United States. In 2002, the Civil Rights Project at Harvard University conducted for Time magazine named Sacramento "America's Most Diverse City".
Sacramento became a city through the efforts of the Swiss immigrant John Sutter, Sr., his son John Augustus Sutter, Jr., and James W. Marshall. Sacramento grew quickly thanks to the protection of Sutter's Fort, which was established by Sutter. During the California Gold Rush, Sacramento was a major distribution point, a commercial and agricultural center, and a terminus for wagon trains, stagecoaches, riverboats, the telegraph, the Pony Express, and the First Transcontinental Railroad.
The city was named after the Sacramento River, which forms its western border. The river was named by Spanish cavalry officer Gabriel Moraga for the Santísimo Sacramento (Blessed Sacrament), referring to the Catholic Eucharist.
Today, the city is known for its diversity, tree canopy (largest in the U.S.), historic Old Sacramento, evolving contemporary culture as the most "hipster city" in California, sunny climate, state administration, and farm-to-fork dining. California State University, Sacramento, is the largest university in the city and a designated "Tree City USA" campus. The University of the Pacific is a private university with one of its three campuses, the McGeorge School of Law, in Sacramento. In addition, the University of California, Davis, 16 miles west of Sacramento, operates UC Davis Medical Center, a world-renowned research hospital, in the city of Sacramento.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Sacramento, Roseville, Arden, Arcade, California. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Sacramento, Roseville, Arden-Arcade, California, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0-5.5%
Very Competitive Commission: 4.5-4.99%
The median existing single-family home price in the West rose 7.5%, to $372,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of California, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Anaheim, Santa Ana, Irvine||$788,000||6.5%|
|Los Angeles, Long Beach, Glendale||$514,200||7.1%|
|Riverside, San Bernadino, Ontario||$342,100||8.4%|
|Sacramento, Roseville, Arden, Arcade||$340,000||6.9%|
|San Diego, Carlsbad||$605,000||8.0%|
|San Francisco, Oakland, Hayward||$950,000||8.6%|
|San Jose, Sunnyvale, Santa Clara||$1,183,400||9.1%|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in California.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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The 2010 United States Census reported that Sacramento had a population of 466,488. The population density was 4,660.0 people per square mile (1,799.2/km²).
The racial makeup of Sacramento was :
Hispanic or Latino of any race were 125,276 persons (26.9%); 22.6% of Sacramento's population is of Mexican heritage, 0.7% Puerto Rican, 0.5% Salvadoran, 0.2% Guatemalan, and 0.2% Nicaraguan. Non-Hispanic Whites were 34.5% of the population in 2010, down from 71.4% in 1970.
The Census reported that 458,174 people (98.2% of the population) lived in households, 4,268 (0.9%) lived in non-institutionalized group quarters, and 4,046 (0.9%) were institutionalized. Also, with the recent housing crash there have been no changes to these numbers.
There were 174,624 households, out of which 57,870 (33.1%) had children under the age of 18 living in them, 65,556 (37.5%) were opposite-sex married couples living together, 27,640 (15.8%) had a female householder with no husband present, 10,534 (6.0%) had a male householder with no wife present. There were 13,234 (7.6%) unmarried opposite-sex partnerships, and 2,498 (1.4%) same-sex married couples or partnerships. 53,342 households (30.5%) were made up of individuals and 14,926 (8.5%) had someone living alone who was 65 years of age or older. The average household size was 2.62. There were 103,730 families (59.4% of all households); the average family size was 3.37.
Sacramento has one of the highest LGBT populations per capita, ranking seventh among major American cities, and third in California behind San Francisco and slightly behind Oakland, with roughly 10% of the city's total population identifying themselves as gay, lesbian, or bisexual.
The age distribution of the city was follows: 116,121 people (24.9%) were under the age of 18, 52,438 people (11.2%) aged 18 to 24, 139,093 people (29.8%) aged 25 to 44, 109,416 people (23.5%) aged 45 to 64, and 49,420 people (10.6%) who were 65 years of age or older. The median age was 33.0 years. For every 100 females there were 94.9 males. For every 100 females age 18 and over, there were 92.2 males.
There were 190,911 housing units at an average density of 1,907.1 per square mile (736.3/km²), of which 86,271 (49.4%) were owner-occupied, and 88,353 (50.6%) were occupied by renters. The homeowner vacancy rate was 2.8%; the rental vacancy rate was 8.3%. 231,593 people (49.6% of the population) lived in owner-occupied housing units and 226,581 people (48.6%) lived in rental housing units.
As of 2012, the top employers in the County of Sacramento were:
|1||State of California||69,763|
|3||UC Davis Health||7,725|
|4||Dignity Health/Catholic Healthcare West||7,069|
|8||Elk Grove Unified School District||5,021|
|9||Sacramento City Unified School District||5,000|
|10||San Juan Unified School District||4,700|
|11||City of Sacramento||4,083|