Your Elk Grove Real Estate Report
Although we’ve had some recent rain, Spring is definitely in the air! Interest rates have stayed low and buyers are out looking to buy a new home! 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, so you can catch the trends as they are happening! This one is for the week of March 3rd through March 9, 2014.
There were only 19 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 $300,000. The average days on the market for Elk Grove sold homes is currently 33 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 58 new listings go on the market in the Elk Grove area in the past 7 days; that’s the most new listings in a while! The best buy is located near Old Town Elk Grove on El Oro Plaza for only $169,500; it’s a 3 bedroom, 2 bathroom and is being sold As Is. And the highest priced new listing is a spacious 5000+ square foot home in the 95624 zip code area on 2 acres and is listed at $799,500 on Royal View Court.
Elk Grove pending sales are definitely still going strong! This last week we had 54 homes go pending in the 3 Elk Grove zip codes. The median price for the pending sales is way up this week at $351,000 while the average days on the market is 36 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 2.3 months of inventory in most neighborhoods in Elk Grove. And our dollar per square foot in Elk Grove has remained fairly stable for the past several months. Here is a graph showing the average dollar per square foot.
e 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.
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!