Elk Grove Real Estate Weekly Market Update

Happy New Year from Lori Mode and Bruce Durham!
Happy New Year from Lori Mode and Bruce Durham!
How's the Elk Grove real estate market
How’s the Elk Grove real estate market
As 2012 draws to a close and 2013 starts, what has been occurring in the Elk Grove real estate market? Here is the latest on the Elk Grove real estate market for the week of December 23rd through December 30th –

27 new SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $225,000 and the average days on the market being 58 days. The longer average days on the market is due to 6 short sale listings that finally closed and their average days each were well over 100 days on the market, one was actually 215 days! The other 21 closed sales, were mostly well under 30 days.

Even during the holidays, new listings come on the market! 21 new listings hit the market in Elk Grove CA last week…this number is way down from average weeks. Of these 21 new listings, 9 or approximately 45% are Elk Grove short sale homes. This is a higher average of short sale listings than we have seen in the past few weeks.

And 33 listings went pending with the median price being $230,000 and the average days on the market being 22 days!

Our inventory in Elk Grove is at a 5 year low! Homes are selling quickly and often times for over the list price with multiple offers. 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…here’s to a great 2013 in the Elk Grove real estate market!

If you have been thinking about selling your Elk Grove home, contact us now at (916) 405-5737 while inventory is low! Get your home value online now!

Search for Elk Grove homes for sale NOW!

Get Your Home Value NOW! Elk Grove Home Values
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!
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