Elk Grove Market, October 2021
(Headlines should read Oct. 2020 to Oct. 2021)
It was such a beautiful day yesterday that I had to stop and create a short video showing the lake at Laguna West. Elk Grove really comes alive in the fall, especially in the Laguna West-Lakeside area.
It really was a gorgeous day on our lake, but how has the market changed year over year. You can see that we had a nice rise in prices, but look what has been going on over the last few months.
- May $600,000
- June $600,000
- July $605,000
- Aug. $598,000
- Sept. $605,000
- Oct. $610,000
The market has leveled off over the last few months, but there was a .8% rise in prices from September to October.
There are 72 homes available to purchase now in the Elk Grove area, still a very low number. The median price of those available is $675,000 with a continuous days on market of 22.
Lowest Priced home available, 9582 Dominion Wood Lane at $440,000.
Highest Priced home available, 7510 Fortaleza Ave. $1,141,452. It is newly constructed. The highest priced existing home available is 3152 Shelter Cove Lane at $1,100,000. It is a gorgeous home on the lake and Shelter Cove drive is a wonderful gated community. I should know. I lived in that community for over 20 years.
Sellers-With the average price of sold homes being quite a bit lower than the average price of listings available, it might be time to reassess the asking price. If you would like to know the value of homes sold in your neighborhood, let me know. I would be happy to drop them off at your home for free. If you need help getting the house ready for the market, I can help with that as well.
Buyers-If you would like to view homes in the Elk Grove area, let me know. I would love to show you what is available.
Buyers and/or Sellers-If you would like to sit down and discuss the process, lets meet over a coffee and discuss it. Do you like low pressure? I am no pressure. My clients are friends or friends to be. And I buy the coffee! ! !
Coming Soon
Also coming soon will be a home in Elk Grove and one in Stockton. The home in Stockton is within a couple of blocks of Sherwood Forest Park and is a 3 bedroom, 1 bathroom cozy home. It will be renovated prior to putting it on the market.
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