Elk Grove Real Estate Monday Morning Market Update
It’s Monday morning and time for our weekly Elk Grove real estate market update – this is for the week of February 17th through February 24th. Has our inventory in Elk Grove increased at all? Are prices increasing? Watch each week for updates here!
There were 28 new SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $244,000. The average days on the market is at 23 days.
42 new listings hit the market in Elk Grove CA last week. Of these 36 new listings, 10 or just under 25% are Elk Grove short sale homes. Inventory did increase this past week and as we head into the spring housing market it should increase steadily.
And the crazy thing is that 57 listings went pending with the median price being $275,383 and the average days on the market being 27 days!
Our inventory in Elk Grove is at a 6 year low! Homes are selling quickly and often times for over the list price with multiple offers. We put a home on the market in East Elk Grove last Thursday at $210,000 and this morning in my email I have over 10 cash offers with most all of them being thousands above the list price!
Some homeowners who thought they were upside down in their homes have called us recently to discover they actually have some equity now! In 2012 we hit bottom! So, if you’re thinking about selling your home in Elk Grove this winter, but think that you should wait until the spring market, think again! If you would like to see how the Elk Grove home inventory is affected by price range, check out Elk Grove home inventory – how does price range affect it?
The market shows no sign of slowing down. Listing sooner than later is the smart play.
How would you like 10 buyers competing for your home? Take advantage of this RED HOT Elk Grove real estate market! Check back next week for our Elk Grove real estate market update.
Contact us today at (916) 405-5737 to find out the current value of your home! We’d be glad to help!
Want to know your home’s value? Find out the value of your Elk Grove home now!
Check back with us next Monday to get the current Elk Grove Real Estate Market Update!
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!