Elk Grove Real Estate Report ~ Week of December 16, 2013

christmas elf

Elk Grove Real Estate Report

 

 

 

 

The holidays are here! 

 

Christmas is just 1 day away and we hope all your little elves have been busily getting you prepared for a fantastic magical Christmas celebration. 

 

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 16th through December 22nd, 2013.

 

There were 44 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 $310,000!  Great news for sellers!  The average days on the market for Elk Grove sold homes is way down this week from last week at only 24 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, however this past week we have had 36 new listings hit the market in the Elk Grove area.    The lowest priced new listing in Lowest priced new listing in Elk Grove CA Elk Grove is a great buy  on a 3 bedroom home in the 95624 zip code area on Elk Way  priced at only $184,500. 

The highest priced new listing is a 6 bedroom home, 3 bathroom situated on over an acre with a 7 car garage plus in-laws quarters  also in the 95624 zip code area  on Hawkesbury Court for $879,999.   

Elk Grove pending sales are definitely still going strong!  This last week we had 40 homes go pending in the 3 Elk Grove zip codes.  Once again pending listings are outpacing new listings!  This means less inventory for buyers to choose from.  The median price for the pending sales is $355,400  while the average days on the market up to 43 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 Tuesday 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 Christmas Eve to everyone!

 

 

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