Elk Grove Real Estate Market Weekly Update…

While we are all concerned about Christmas shopping, baking and parties, what has been occurring in the Elk Grove real estate market? Here is the latest on the Elk Grove real estate market for the week of December 3rd through December 9th –

26 new SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $258,450 and the average days on the market being 34 days. The median sales price keeps creeping up week after week in Elk Grove! Good news for Elk Grove home sellers!

37 new listings hit the market in Elk Grove CA last week. Of these 37 new listings, only 10 or approximately 27% 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 57 listings went pending with the median price being $250,505 and the average days on the market being 22 days!

This past week we put an Elk Grove short sale on the market in the $165,000 price range….no showings right now, so the buyers had to write offers subject to inspection. Within days we had 15 offers on this home! A lot of those offers were cash and well over the list price! 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 have buyers waiting for homes to come on the market in all prices ranges in Elk Grove!!!

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!

Get Your Home Value NOW! Elk Grove Home Values
Use our quick and easy site to get an instant value for your home! For a more accurate value, or to talk about getting your home on the market, give us a call at 916-405-5737 today!
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