Elk Grove Real Estate Market Update, September 2021

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

Elk Grove Real Estate Market Update

Elk Grove Real Estate Market Statistics for September 2021

September prices are up over 20% year over year, but a steady new trend has emerged over the last five months.  The median price has not changed much at all.

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

Home prices have stayed in a tight 1% range.  It really does look like the real estate market has leveled off for the time being.  It will be interesting to see how the rest of the year unfolds.

It should be much easier for buyers and sellers to decide appropriate pricing.  At the beginning of the year, prices were going up so fast, it was difficult to know where a house should be priced. 

A home sold on Laguna Lake this month for $1,000,000.  In my old neighborhood in Lakeside, a home sold for $1,425,000.  It was located on Heron Lake.  Now, my home was not on the lake, but I am thinking I sold my home about two years too early proving, once again, that my crystal ball is not working quite right.  The most affordable home in Elk Grove sold for $388,000.

If you are looking to purchase a home in the Elk Grove area, I would be happy to send you listings available directly from our local Multiple Listing Service.  It is the best, most updated way to find available homes in Elk Grove.  If you need help finding the right neighborhood, I would be happy to give you a tour of the area.  If you have questions about the process, watch my YouTube Buyer's Video Series or give me a call.

If you are looking to sell in the area, I would also be happy to send you updated sales information regarding your specific neighborhood to better determine your sales price.  I have also helped many of my customers prepare their home for the market.  It is never too early to start.  If you have questions about the process, watch my YouTube Seller's Video Series or give me a call.

 

August Elk Grove Market Update

Elk Grove Market Update, August 2021-Seasonal Slowing?

 

Sacramento Market Update

Tech Companies and Wall Street Targeting Residential Real Estate, Ryan Lundquist, The Sacramento Appraisal Blog.  It is an interesting article discussing the impact of iBuyers and other investors on our Sacramento Region. 

 

My Short Take on iBuyers

 

Random Markets Updates Across the Country

(for those looking to relocate)

 

Bend, Oregon, Lynnea Miller 

Denver, Colorado, Will Hamm 

The Triangle, North Carolina, Amy Shair 

Austin, Texas, Christopher Watters

Canyon Creek, Texas, Dorie Dillard Austin TX 

Lake Havasu, Arizona, Liz Miller 

Clermont, Florida, Beth Atalay 

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 (7)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Raymond - a little shift is seen in a numbers of areas.  The market is catching up in pricing but not in inventory yet.

Oct 09, 2021 03:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ray... no matter how you cut it, it's still a very healthy seller's market. And I suspect it will stay that way for a while.

Oct 09, 2021 04:57 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Elk Grove is such a wonderful place and you do a great job with your market updates.  I enjoyed watching your video too!

Oct 09, 2021 05:39 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Good morning, Grant Schneider.  It would be nice to have a little more inventory, for sure.

 

You are correct, Nina Hollander, Broker.  If I was a betting person, I would bet that prices start to rise in the spring again, just at a slower pace.  Thank you for your input.

Oct 09, 2021 07:19 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Hi, Brian England.  Thank you for watching the video and including your feedback.  I am trying to do a few a week now and I thought I should start adding them to my blog.  

Oct 09, 2021 07:21 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Raymond, it certainly looks like you are doing your job at keeping the market moving

Oct 09, 2021 05:59 PM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Good morning, Rocky Dickerson.  I do my best!  😃

Oct 10, 2021 07:06 AM