Laguna West, Lakeside and Stonelake, Dec. 2020
I include the neighborhoods of Laguna West, Lakeside and Stonelake together because they are very similar in style. Pricing was very strong over the last year, while inventory was way down. Currently, there are only 4 homes available with an average listing price of $586,947. It is a very good market for homeowners that would like to sell, but a very difficult market for home buyers.
Laguna West, Lakeside and Stonelake, 4th Quarter 2020
I like to look at the last month versus the last quarter to see if the trends are similar in such a small area. The December numbers do fall in line with 2020's last quarter.
With interest rates remaining so low and a lack of inventory, I do not see anything changing very soon. If vaccines are effective, I do believe that we will see more inventory become available as homeowners begin to feel more comfortable opening up and showing their homes again. Only time will tell. Who would have guessed how 2020 would go?
If you are looking for homes in the Elk Grove area and need an agent, I would be happy to help.
For an overview of the Sacramento Region, Ryan Lundquist, of the Sacramento Appraisal Blog, has an interesting post on current market conditions.
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