The Elk Grove real estate market has been very active for the past few months. We have had less inventory, multiple offers on most properties and homes selling very quickly - most in under 1 or 2 weeks!
Here are the numbers as of today, October 13, 2009 for the Elk Grove area (95624, 95757 and 95758 zip code areas) -
We currently have 777 active residential listings in Elk Grove, of which 78 are REO's or Bank Owned homes. In addition 201 of these are Active Short Sale listings and 482 are Active Short Sale Contingent, thus leaving only 16 homes which are regular "equity" sellers.
We had 254 closed residential sales in Elk Grove in September 2009, with our average list price being $245,034 and our average sales price being $247,414. Our average Days on the Market for September 2009 in Elk Grove was 42 days.
This is a graph showing the history of the Elk Grove Median Sales Price according to www.Trulia.com.
And according to RealtyTrac.com, here is an update on Elk Grove Bank Owned homes to come still on the market - today RealtyTrac is showing 1147 REO or Bank Owned Homes, however we currently only have 280 on Metrolist between active and pending listings. This leaves 867 bank owned homes yet to come on the market! If you have not purchased a home, there will still be opportunity!
For more information on market statistics or prices in the Elk Grove area, contact Lori Mode at (916) 405-5765 or Lori@ModeandDurhaM.com.
To check the value of your home, go to www.AllElkGroveHomes.com.
If you are a first time home buyer, the time to buy is NOW....the first time home buyer tax credit runs out November 30, 2009 and you have to have closed escrow by that date! Don't miss out, call us today at (916) 405-5765 or email us at Lori@ModeandDurhaM.com.
Search all Elk Grove homes here!
Search all Sacramento homes here!
Lori Mode and Bruce Durham, Keller Williams Realty in Elk Grove, CA
www.AllElkGroveHomes.com
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