The Elk Grove Real Estate Report ~ Week of October 14th

camden_in_the_fall As we start to get ready for the holidays, which are just around the corner, let’s take a minute and take a good long deep breath.  That’s what we need usually to get us through the next couple of months!  Now, let’s take a look at the Elk Grove Real Estate market for the week of October 7th through October 13th.

There were 39 SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price going up to $290,000. The average days on the market for Elk Grove sold homes is down this week to only 23 days, that’s just over 3 weeks for a home to go pending!  This market is still considered a seller’s market, which is great news for homeowners!  As long as a home is PRICED RIGHT, it will sell quickly and most of the time with multiple offers!

Elk Grove new listings have been picking up a bit for the past few weeks and this week we had 65 new listings hit the market in Elk Grove CA last week.  Buyers now have more choices of homes to choose from! Of these 65 new listings, 10 of these or under 10% are Elk Grove short sale homes.   Short Sales in Elk Grove are certainly not as prevelant as they once were as there was a time that over 45% of our listings in Elk Grove were short sales!  The lowest priced new listing in Elk Grove is a 3 bedroom fixer in Old Towne Elk Grove on Sierra Street and it is priced at $99,000, while the highest priced new listing is a beautiful 5 bedroom Prodigy home on Staplehurst listed at $573,000.

Elk Grove pending sales are still going strong!  43 Elk Grove listings went pending this past week with the median price holding steady at $309,945 and the average days on the market being 35 days!

What does this all mean for buyers and sellers right now in the Elk Grove real estate market?  Buyers have more to choose from and yet when they find the right house, they must write a competitive strong offer because they are still up against competition.  Sellers must make sure their home is priced right, staged well, and that they have chosen an agent who will not only market their home aggressively but will also negotiate strongly for them.  If these things happen, sellers should expect to get an offer or offers within the first 15 – 30 days on the market!  Now is a great time to either buy or sell in the Elk Grove market!

If you are thinking of selling your Elk Grove home and would like a FREE market anaylis showing you the current value of your home, visit our website at 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 consulation, call us today at (916) 405-5765.

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