Tag Archives: Elk Grove market trends

Elk Grove Real Estate Market Report

Elk Grove Real Estate Market Report for zip codes 95624, 95757 and 95758 for February 2016

The data on this page is consolidated from multiple sources and includes current Elk Grove Real Estate  listings, recent sales for 95624, 95757 and 95758 Elk Grove, CA zip codes and more!  Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Call or email The Mode and Durham Team to discuss how this information can benefit you!  (916) 405-5737.

Elk Grove Real Estate Active Listings – 233

Elk Grove Real Estate Foreclosure Listings – 4

Elk Grove Real Estate Short Sale Listings – 16

Elk Grove Real Estate Single Family Homes for Sale – 233

Elk Grove Real Estate Condos for Sale – 7

 

Market Inventory Trends

The number of active listings in Elk Grove  (95624, 95757 and 95758 decreased by 5.7 from the previous month and 12.1% from February 2015!  The number of pending listings in Elk Grove went up by 6% over the previous month!

Elk_Grove_market_inventory_February_2016_www.modeanddurhamteam

The number of closed sales increased by 30% over January,  2015, but decreased by 7.7% over February 2015.

Elk_Grove_average_days_on_market_www.ModeandDurhamTeam

Although the average days on the market increased to 44 days in February 2016, it is still lower than 56 days in February 2015.  This is still significantly shorter than the national average.

Elk_Grove_Real_Estate_months_of_inventory_February_2016

Our months of inventory here in Elk Grove decreased to 1.5 months  (definitely still a seller’s market) in February 2016 and it’s about the same as it was in February 2015.

The average sales price in Elk Grove increased in February to $370,000!  This is 5% higher than February 2015!

It’s still a great time to buy a home in Elk Grove!  Prices are stable and interest rates are still at historic lows!  Don’t miss out…call us today!

If you would like to find out how much your Elk Grove home is worth, check out http://www.EGHomeValue.com or call us at (916) 405-5737.   

 

 

 

Elk Grove Real Estate Market Report for zip codes 95624, 95757 and 95758 for January 2016

The data on this page is consolidated from multiple sources and includes current Elk Grove Real Estate  listings, recent sales for 95624, 95757 and 95758 Elk Grove, CA zip codes and more!  Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Call or email The Mode and Durham Team to discuss how this information can benefit you!  (916) 405-5737.

Elk Grove Real Estate Active Listings – 247

Elk Grove Real Estate Foreclosure Listings – 5

Elk Grove Real Estate Short Sale Listings – 5

Elk Grove Real Estate Single Family Homes for Sale – 237

Elk Grove Real Estate Condos for Sale – 6

 

Market Inventory Trends

The number of active listings in Elk Grove  (95624, 95757 and 95758 increased by 2.0%  from the previous month and 19.8% from January 2015!  The number of pending listings in Elk Grove went up by 56.3% over the previous month!

Elk Grove market statistics January 2016

The number of closed sales decreased by 51% over the December 2015, but only 4% over January 2015.

Elk Grove Average Days on the Market January 2016

The average days on the market was 63 days in January 2015 and it dropped to 36 days in January 2016.  This is significantly shorter than the national average.

Elk Grove months on housing inventory

Our months of inventory here in Elk Grove did increase to 2.2 months (still considered a seller’s market) in January 2016 and it’s still lower than the 2.6 months in January 2015.

 

And the average sales price in Elk Grove has remained at $362,000 for 3 straight months.  This is 8.4% higher than January 2015!

It’s still a great time to buy a home in Elk Grove!  Prices are stable and interest rates are still at historic lows!  Don’t miss out…call us today!

If you would like to find out how much your Elk Grove home is worth, check out http://www.EGHomeValue.com or call us at (916) 405-5737.   

The Mode and Durham Team have been selling real estate in the Sacramento/Elk Grove area for over 25 years and are here to assist with your home purchase or sale!

Houses for sale in Elk Grove, CA

To find the value of your Sacramento/Elk Grove home make sure to check out http://www.EGHomeValue.com to get your home value via the internet

 

 

 

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Elk Grove Real Estate Report week of March 3rd through March 9th

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.

Elk_Grove_housing_dollar_per_square_foot_February_2014

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.

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