Category Archives: Elk Grove Real Estate Report

Can senior citizens avoid paying Mello Roos?

This was brought to our attention by a friend of ours, and it prompted us to find the answer!  According to an Elk Grove Online Forum this is from  a “Tax Reduction Notice” from the Sacramento Bee on 4/13/15— I’m sure the same applies for 2017.

For Senior Citizens/Disabled Persons Residing in the Elk Grove Unified School District
Voters in the EGUSD approved the Community Facilities District No. 1 Bond Election and a special tax to pay for the bonds. The special tax provides that a property owner/occupant who resides in the EGUSD and is 65 years or older (as of July 1) or disabled, as defined by the State Controllers Office, may receive a reduction in the residential tax rate if student-age children do no reside with them.

To Qualify For The Reduction
A property owner or renter shall have the option of applying for a Senior Citizen/Disabled Person Tax Reduction, which would allow the school tax to be reduced by 70% for each qualified dwelling unit, if:

• The property owner shows evidence that the dwelling unit is occupied by a citizen that is at least 65 years of age or fully disabled.
• The applicant shows evidence of ownership of the property.
• The applicant shows evidence that student-age (grades K-12) children did not reside in the dwelling unit during the previous 24 months.
Also:
The reduction is allowed only for the residence in which the applicant resides; all others are subject to the full tax.

If the applicant rents his or her home or resides in a mobile home park, the landlord/owner must certify that the entire reduced tax will be reflected in the rent for the exempted dwelling unit(s).

YOU MUST RENEW YOUR STATUS EACH YEAR (Those currently receiving this tax reduction will receive a renewal reminder notice in the mail)

THE FILING PERIOD FOR THE TAX REDUCTION IS APRIL 15, 2015, TO JUNE 30, 2015 (I’m sure same dates apply to 2017)

Applications and qualification details for the Senior Citizen or Disabled Person Tax Reduction may be obtained in person or by writing, phoning, or emailing:

Elk Grove Unified School District
Facilities and Planning
9510 Elk Grove-Florin Road, Room 206
Elk Grove, CA 95624
Telephone: (916) 686-7562; Email: schooltax@egusd.net

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Elk Grove Real Estate Market Report

Elk Grove Real Estate Market Report for zip codes 95624, 95757 and 95758 for February 2016

The data on this page is consolidated from multiple sources and includes current Elk Grove Real Estate  listings, recent sales for 95624, 95757 and 95758 Elk Grove, CA zip codes and more!  Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Call or email The Mode and Durham Team to discuss how this information can benefit you!  (916) 405-5737.

Elk Grove Real Estate Active Listings – 233

Elk Grove Real Estate Foreclosure Listings – 4

Elk Grove Real Estate Short Sale Listings – 16

Elk Grove Real Estate Single Family Homes for Sale – 233

Elk Grove Real Estate Condos for Sale – 7

 

Market Inventory Trends

The number of active listings in Elk Grove  (95624, 95757 and 95758 decreased by 5.7 from the previous month and 12.1% from February 2015!  The number of pending listings in Elk Grove went up by 6% over the previous month!

Elk_Grove_market_inventory_February_2016_www.modeanddurhamteam

The number of closed sales increased by 30% over January,  2015, but decreased by 7.7% over February 2015.

Elk_Grove_average_days_on_market_www.ModeandDurhamTeam

Although the average days on the market increased to 44 days in February 2016, it is still lower than 56 days in February 2015.  This is still significantly shorter than the national average.

Elk_Grove_Real_Estate_months_of_inventory_February_2016

Our months of inventory here in Elk Grove decreased to 1.5 months  (definitely still a seller’s market) in February 2016 and it’s about the same as it was in February 2015.

The average sales price in Elk Grove increased in February to $370,000!  This is 5% higher than February 2015!

It’s still a great time to buy a home in Elk Grove!  Prices are stable and interest rates are still at historic lows!  Don’t miss out…call us today!

If you would like to find out how much your Elk Grove home is worth, check out http://www.EGHomeValue.com or call us at (916) 405-5737.   

 

 

 

Elk Grove Real Estate Market Report for zip codes 95624, 95757 and 95758 for January 2016

The data on this page is consolidated from multiple sources and includes current Elk Grove Real Estate  listings, recent sales for 95624, 95757 and 95758 Elk Grove, CA zip codes and more!  Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Call or email The Mode and Durham Team to discuss how this information can benefit you!  (916) 405-5737.

Elk Grove Real Estate Active Listings – 247

Elk Grove Real Estate Foreclosure Listings – 5

Elk Grove Real Estate Short Sale Listings – 5

Elk Grove Real Estate Single Family Homes for Sale – 237

Elk Grove Real Estate Condos for Sale – 6

 

Market Inventory Trends

The number of active listings in Elk Grove  (95624, 95757 and 95758 increased by 2.0%  from the previous month and 19.8% from January 2015!  The number of pending listings in Elk Grove went up by 56.3% over the previous month!

Elk Grove market statistics January 2016

The number of closed sales decreased by 51% over the December 2015, but only 4% over January 2015.

Elk Grove Average Days on the Market January 2016

The average days on the market was 63 days in January 2015 and it dropped to 36 days in January 2016.  This is significantly shorter than the national average.

Elk Grove months on housing inventory

Our months of inventory here in Elk Grove did increase to 2.2 months (still considered a seller’s market) in January 2016 and it’s still lower than the 2.6 months in January 2015.

 

And the average sales price in Elk Grove has remained at $362,000 for 3 straight months.  This is 8.4% higher than January 2015!

It’s still a great time to buy a home in Elk Grove!  Prices are stable and interest rates are still at historic lows!  Don’t miss out…call us today!

If you would like to find out how much your Elk Grove home is worth, check out http://www.EGHomeValue.com or call us at (916) 405-5737.   

The Mode and Durham Team have been selling real estate in the Sacramento/Elk Grove area for over 25 years and are here to assist with your home purchase or sale!

Houses for sale in Elk Grove, CA

To find the value of your Sacramento/Elk Grove home make sure to check out http://www.EGHomeValue.com to get your home value via the internet

 

 

 

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