Elk Grove Market Update, Aug. 2021-Seasonal Slowing?

By
Real Estate Agent with eXp Realty of California, Inc. (lic. #01878277) DRE# 00949880

Elk Grove Market Update, August 2021-Seasonal Slowing?

Elk Grove Real Estate Statistics for Aug. 2021

     Elk Grove is showing strong price growth year over year, but look at the median price over the last few months;

  • April     $557,000
  • May      $600,000
  • June     $600,000
  • July       $605,000
  • Aug.      $598,000

      The month over month median price growth has leveled off the last few months.  Also, the continuous days on market has gone form 11 days in August to 23 days on our current homes on the market for sale.  It sure looks like we are having a more normal last half of the year exhibiting some seasonal slowing.

     If you are a home buyer that has been frustrated with the very heated market in the first half of the year, this could be a good time to re-engage in your home search.  The market is not slow, but there definitely is more opportunity.

View Elk Grove Homes

View Elk Grove Homes 55+

     If you are a home seller, year over year pricing is still very good so it still is a good time to sell and it should be easier to find that replacement property you are looking for. 

     Real Estate Tips

     These recommended tips are mostly for home sellers, but it is wise for home buyers to know too because if these items are not in place prior to having the appraiser inspect the California house you are buying, the appraiser will  have to come back.  It will cost both time and money.  Really, who wants to pay for an appraiser to visit the house a second time?  Yes, I routinely take care of these items for my clients.  I do like to save my clients money and make their transactions as stress free as possible.

Sacramento Real Estate Update

Fires, Multiple Offers, & New Floors, by Ryan Lundquist.

Updates From Across the Country

(for those looking to move to another state)

Elizabeth Market Report by Debe Maxwell, CRS, North Carolina.

August 2021 Real Estate Sales Report for Southington, CT., by Ed Silva.

September Report for Baton Rouge Neighborhoods, by Chuck Roberts Selling Systems.

Las Vegas Market Report, Aug. 2021, by Rocky Dickerson.

August 2021 Oahu Hawaii Housing Inventory Snapshot, by Theresa Harden.

Home Sale Stats for Ormond by the Sea, Florida-August 2021, by Al Raymondi.

Vacation Home Rental with Brian England, by Brian England, Gilbert, AZ (the East Valley)

 

 

Posted by

             eXp Realty of California, Inc

Raymond Henson, SRES, GRI, e-Pro

Past Client Testimonials   

3412 Babson Drive

Elk Grove, CA 95758

RayRHenson@gmail.com

916-698-8415

 

 

Comments (14)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ray, great market update for Elk Grove, and still believe our markets parallel each other!   We are leveling also.

Sep 09, 2021 10:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ray... I'm waiting for our August numbers. Should have been out already, but I suspect with the holiday weekend they are delayed. I'm still seeing homes selling over ask but it will be interesting to see if this is my personal experience or the market as a whole.

Sep 09, 2021 10:42 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Hi Joan Cox!  Our markets have been similar for quite a while now.  I am wondering if we will be back to rising prices soon or in the spring.

 

Hi Nina Hollander, Broker!  I will be very interested to see how the numbers look in your market and on your commentary when it is ready for us.  Feel free to post a link to it here for my clients if you think about it.

Sep 09, 2021 11:12 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ray, I think the Fall will be a bit quieter and go like gang busters again starting in February.   What do you think for your area?

Sep 09, 2021 11:33 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I think it will pick up again in the spring, but that it will be at a more reasonable pace, Joan Cox. I try to be optimistic, but I am not sure we are out of the woods with this Covid virus yet.  The resurgence of the virus in Israel is worrisome.

Sep 09, 2021 08:33 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Ray.

They are not required in my area, but they should be in my opinion.

Sep 10, 2021 01:15 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Raymond - having local insight, like you have shared in this Elk Grove real estate market update, is valuable to prospective home sellers(as well as buyers) who will appreciate the value you bring to them  whether that be saving time, money or stress because of your expertise.  

Sep 10, 2021 02:04 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Friday morning, Raymond.

Take care, be safe and have a great day.

Sep 10, 2021 03:58 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Good morning, James Dray.  In the last few years since they have been required, I have purchased more than my fair share of carbon monoxide and smoke detectors.  Good thing they are inexpensive!  Thank you for your input!

 

Good Morning, Michael Jacobs, I do my best to bring them good, local information.  Thank you for dropping by!

Sep 10, 2021 05:50 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Good Morning, Roy Kelley.  I am always happy to see your positive comments.  I hope you and your wife have a wonderful weekend!

Sep 10, 2021 05:51 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The chart certainly tells the tale of a booming market.  You did a great job with the video and you always have your client's best interests in mind!

Sep 10, 2021 06:24 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Good morning, Brian England.  You are always so gracious.  Thank you!

Sep 10, 2021 06:34 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Raymond:

This is good information for buyers, and sellers, who might be wondering about the summer housing market.

We saw some shifts here too, but it varied by communities and some changes I did not expect. It's not clear whether it was the summer, or a change in the market. Once again real estate is local!

Jeff

Sep 15, 2021 03:15 PM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I appreciate you taking the time to add your thoughts.  It is good to know what is happening in Carlsbad.  Thank you.

Sep 15, 2021 04:30 PM