Elk Grove Real Estate Report ~ Update for the week of January 13th through January 19th.
Hope your 2014 is going as great as ours is so far!
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 January 13th through January 19, 2014.
There were only 20 SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price going up this week to $313,500! The median price seems to be starting to push up once again! The average days on the market for Elk Grove sold homes is down this week from last week to 28 days! The Elk Grove housing trends have been changing weekly over the past several months, so if you are looking to buy or sell a home in Elk Grove, it is important to stay on top of them.
Well, things are looking up as far as new listings are concerned! We had 52 new listings go on the market in the Elk Grove area in the past 7 days. The best buy seems to be a fixer in Old Town Elk Grove on Locust Street for only $139,900! And the highest priced home is also in the 95624 zip code area and is listed at $749,000; it is a unique estate including a total of 7 Car Garage and over 3,500 square feet of living space, 5 bedrooms with 4 full baths, all on 5 acres on Equestrian Drive.
Elk Grove pending sales are definitely still going strong! This last week we had 44 homes go pending in the 3 Elk Grove zip codes. The median price for the pending sales is $303,500 while the average days on the market is down to 32 days!
With our current sunshine and 70 degree weather, we saw a lot of buyers hitting the streets last weekend to look for a new home. And 2014 seems to be the Year of the Move Up Buyer; we have had many calls from homeowners who now realize they have equity in their homes and it is time to move up to their dream home!
We currently have 1.5 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! Check out our Predictions for the 2014 Elk Grove real estate market!
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!