The Elk Grove Real Estate Report

The Elk Grove Real Estate Report

Ripe Pumpkins in a Field Well summer is almost over in Elk Grove, CA and you can feel it in the air!  It’s getting cooler and cooler each day it seems and it is really starting to feel like Fall!  It’s also time for our weekly Elk Grove real estate market update – this is for the week of September 9th through September 15th . Let’s see what has been happening in the Elk Grove real estate market this past week –

There were 32 SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $287,829. The average days on the market for the Elk Grove sold homes is 21 days – only 3 weeks for a home to sell! Our inventory is still moving at a very rapid pace these days.  As long as a home is PRICED RIGHT, it will sell quickly and most of the time with multiple offers!

Elk Grove new listings are picking up a bit right now! 56 new listings hit the market in Elk Grove CA last week. Of these 56 new listings, only 3 of these or under 5% 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 located on the east side in the 95624 zip code area and it’s a 3 bedroom 2.5 bathroom on Imray Way and it is priced at $189,000, while the highest priced new listing is a 4 bedroom, 2.5 bathroom country home on over 5 acres located on Justamere Lane and is priced at $679,000.

Elk Grove pending sales are still going strong! This market is changing once again…we have more new pending listings again than we have new listings!  71 listings going pending with the median price going down a bit to $280,000 and the average days on the market being 30 days!

What does this mean to buyers and sellers in Elk Grove?  Buyers have more to choose from than they have in the past few months!  More buyers are getting offers accepted!   And sellers, as long as they price their homes correctly, stage them well and their agents market them properly they will sell quickly and in a short amount of time!

Our inventory in Elk Grove is still 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 equity now! In 2012 we hit bottom! So, if you’re thinking about selling your home in Elk Grove still this year, now is the time! Rates are still very low and there are still a lot of pent up demand out there from buyers! If you have been looking at Zillow for your home’s value, call us today at (916) 405-5737. You may be very surprised at your home’s true value!

The market shows no sign of slowing down. Listing sooner than later is the smart play.


Contact us today at (916) 405-5737 to find out the current value of your home!

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