Elk Grove, CA March 2009 Market Statistics (edit/delete)
It seems as though the Spring Market hit early this year! 
With incredible interest rates, very affordable prices and the the tax credits available, buyers are out there!
Here's the latest Statistical Summary for the Elk Grove, CA Real Estate market, based on data pulled this morning, March 31st 2009 from California Metrolist
Active Listings:
There are currently 916 single family homes for sale in the Elk Grove area - this includes 95624, 95757 and 95758 zip code areas) . This active listing count is down by approximately 30% from 1 year ago.
Price Range - $104,000 to $5,950,000
2 bedroom, 1 bathroo.m, 917 square feet - 7 bedroom, 7 bathroom, 10,350 square feet
Average - 4 bedroom, 3 bathroom, 2277 square feet with an average price of $289,155.
Average days on the market - 57 days! This is down by almost 30 days from just 2 months ago!
Of these 916 single family homes for sale, 152 of them are REO's or Bank Owned Homes . This number has dropped by almost 50% from this time last year. 615 are Short Sale listings - this number is up by 10% over this time last year.
Pending Sales:
There are currently 512 pending sales in the Elk Grove area.
Price Range - $59,900 to $655,000
2 bedroom, 1 bathroom, 832 square fee - 6 bedroom, 5 bathroom, 5,400 square feet
Average - 4 bedroom, 3 bathroom, 2,225 square feet
Average asking price - $251,409 and Median asking price - $239,000 with the average days on the market of these pending sales being 56 days.
Of these 512 pending sales in the Elk Grove area, 287 of them are REO's or Bank Owned Homes.
Sold Listings - March 1, 2009 through March 30, 2009 
There were 190 single family homes sold and closed from 3/1/09 through 3/30/09 in the Elk Grove zip code areas.
Price Range - $98,100 to $531,000
2 bedroom, 1 bathroom, 858 square feet - 7 bedroom, 5 bathroom, 4529 square feet
Average - 4 bedroom, 3 bathrooms, 2,198 square feet
Average Sales Price - $248,903
Median Sales Price - $239,950
Average Days on Market - 25 days
Average List Price to Selling Price Ratio - Home sellers got an average of 101.05% of asking price for their Elk Grove area single family home.
Of the 190 single family homes that closed escrow in December, 2008, 143 of them were REO's or Bank Owned homes.
For more information on market statistics or prices in the Elk Grove area, contact The Mode & DurhaM Team at (916) 405-5765 or Lori@ModeandDurhaM.com.
To check the value of your home, go to www.AllElkGroveHomes.com.
Search all Sacramento homes here!
The Mode & DurhaM Team in Elk Grove, CA
www.AllElkGroveHomes.com
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