Elk Grove Real Estate Market Update
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
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