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Elk Grove, Sacramento and the Real Estate Market
Elk Grove March 2020 vs. March 2019
 
VIEW CURRENT HOMES FOR SALE IN ELK GROVE
VIEW CURRENT HOMES FOR SALE IN LAGUNA WEST LAKESIDE AND STONELAKE
 
Elk Grove
     These charts show sold homes that went into contract early in the year, mostly January and February.  Doesn't that seem like a lifetime ago?  The stay at home order due to COVID 19 has created a lot of market uncertainty not reflected in these past numbers.  The pandemic has definitely affected our Elk Grove market; 11 homes were put on hold and 11 listing contracts were canceled since the middle of March.  The number of homes going pending has also gone down.  As of April 10th, Elk Grove has 96 homes for sale with a median price of $483,249.  It will be interesting to see how the current conditions will affect our Elk Grove pricing. (note-the Laguna West, Lakeside, Stonelake chart reflects a very small sample size and is not indicative of the overall market).
The Sacramento Region
       Ryan Lundquist explains in this week's, Sacramento Appraisal Blog, "Right now we are beginning to get some solid pandemic real estate data...but we’re still waiting to see exactly what happens to the direction of prices ... more

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