Home prices going up. A good case study.

I had a buyer who was looking for a condo in downtown Sacramento. A state employee and single, young man. So, I found him a nice 1+1 walking distance from his work. He fell in love with it. Instead of driving for about 45 minutes from Carmichael, now he waltses to work in about only 7 minutes. He is so happy and I am so glad that I was able to find him his dream home. (Did I mention he plays softball literally across the street from his condo?) #Downtownsacramentoliving

The condo was listed for $224,000 (we opened escrow on 3/6/17) Exactly 60 days prior, a similar condo (exact same size) was sold for $213,000. Another condo of the same exact size was sold for $203,000, 66 days before that one on 10/31/16. 

It almost seemed like every 60 or so days,  a unit is selling for $10,000 more. 

I just thought is makes a pretty good case for "Are home prices still going up?" It sure seems like it. Particularly so for the entry level homes at least. 

And here is a slide that tells you what to expect in 2017