Christmas has come and gone! Boy, that was fast this year…and now New Year’s Eve is just 1 day away. Hope you have your New Year’s plans already made!
And it’s time once again for the Mode and Durham Team’s weekly Elk Grove Real Estate Report! We bring you updated information on the Elk Grove Real Estate Market each and every week. If you watch for our Elk Grove Real Estate Report each week, you can spot trends as they happen. This one is for the week of December 23rd through December 29th, 2013.
There were only 23 SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price going down this week to $295,000! The median price seems to fluctuate up and down every week lately The average days on the market for Elk Grove sold homes is up this week from last week to 40 days! The Elk Grove housing trends have been changing weekly over the past several months, so it is important to stay on top of them.
You would suspect this time of the year that sellers are waiting until after the holidays to put their homes on the market, and that was certainly true this last week! We had only 6 new listings go on the market this week in all 3 zip codes! That’s the lowest number of new listings I have seen in years. The best buy seems to be a 4 bedroom, 2 bathroom with over 1900 square feet and a 3 car garage on Kirkcady; it’s listed at only $255,000. That’s only $130.77 per square foot; it does need work however including a new roof.
Elk Grove pending sales are definitely still going strong! This last week we had 28 homes go pending in the 3 Elk Grove zip codes. Once again pending listings are way outpacing new listings! This means less inventory for buyers to choose from, but should be changing quickly with the new year approaching. The median price for the pending sales is $292,598 while the average days on the market is down to 36 days!
So, in looking at the market trends in Elk Grove CA housing, we can tell that the market is very, very strong in Elk Grove. We currently have 2.5 months of inventory in most neighborhoods in Elk Grove. There are more homes on the market for buyers to choose from, so sellers must price their homes so that buyers see value, stage them well and make sure their Realtor is marketing aggressively! It is a great time for Elk Grove home sellers as we are selling our Elk Grove listings in under 30 days!
If you are thinking of selling your Elk Grove home and would like a FREE market analysis showing you the current value of your home, visit our website at www.FindaHomeinElkGrove.com/sell or call us today at (916) 405-5737.
And if you are thinking of buying a home and would like to get started with a FREE no obligation consultation, call us today at (916) 405-5765 or start searching now!
Make sure to check back next Monday for our next edition of the Elk Grove Real Estate Report! And watch for our predictions for the Elk Grove real estate market for 2014!
Happy New Year to everyone!
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!