As we head into the last 2 months of 2012, how’s the Elk Grove real estate market? Here is the latest on the Elk Grove real estate market for the week of October 29th through November 4th –
41 new SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $226,000 and the average days on the market being 26 days.
42 new listings hit the market in Elk Grove CA last week. Of these 42 new listings, only 14 are Elk Grove short sale homes. The distressed property market is becoming a smaller portion of our market it seems each month. We are seeing more homeowners who have equity in their homes realizing now is the time to sell their home!
And 61 listings went pending with the median price being $289,990 and the average days on the market being 31 days!
We still have under a 1 month supply of inventory on the market in the Elk Grove area making this a seller’s market now. We put a new REO listing on the market in the 95757 zip code area last Friday at $250,000 and today we have 10 offers, with more expected in tomorrow!
Currently we have only 24 REO or bank owned listings are on the market in Elk Grove. Last year at this time we had over 70 REO properties on the market in the Elk Grove area, so you can see just how drastic the market has changed!
If you have been thinking about selling your Elk Grove home, contact us now at (916) 405-5737 while inventory is low! Get your home value online now!