What's Happening In The Market In Granite Bay?

By
Real Estate Broker/Owner with Anthea Adair | Sierra Rock Realty Group | DRE#01919179

Market statistics this week in Granite Bay

The median list price in Granite Bay, CA, is $899,000.  Keep in mind that there is a listing just shy of $4M right now, which can throw off the market data.  The 81 properties have been on the market for an average of 164 days.  

Inventory is tightening and days-on-market is falling.  The Market Action Index shows demand heating up.  These are relatively bullish signs for pricing.  Those well priced properties that hit the market are not lasting the week before going into escrow.  

One example is the home at 8370 Royall Oaks Drive, listed last week at $595,000: IN ESCROW!

 

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

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