Elk Grove Real Estate Market Update, October 2021

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

Elk Grove Market, October 2021

Elk Grove Real Estate Market Statistics for October 2021

(Headlines should read Oct. 2020 to Oct. 2021)

It was such a beautiful day yesterday that I had to stop and create a short video showing the lake at Laguna West.  Elk Grove really comes alive in the fall, especially in the Laguna West-Lakeside area. 

It really was a gorgeous day on our lake, but how has the market changed year over year.  You can see that we had a nice rise in prices, but look what has been going on over the last few months.

  • May        $600,000
  • June       $600,000
  • July         $605,000
  • Aug.        $598,000
  • Sept.       $605,000
  • Oct.         $610,000

The market has leveled off over the last few months, but there was a .8% rise in prices from September to October.

There are 72 homes available to purchase now in the Elk Grove area, still a very low number.  The median price of those available is $675,000 with a continuous days on market of 22. 

Lowest Priced home available, 9582 Dominion Wood Lane at $440,000.

Highest Priced home available, 7510 Fortaleza Ave. $1,141,452.  It is newly constructed.  The highest priced existing home available is 3152 Shelter Cove Lane at $1,100,000.  It is a gorgeous home on the lake and Shelter Cove drive is a wonderful gated community.  I should know.  I lived in that community for over 20 years.

Sellers-With the average price of sold homes being quite a bit lower than the average price of listings available, it might be time to reassess the asking price.  If you would like to know the value of homes sold in your neighborhood, let me know.  I would be happy to drop them off at your home for free.  If you need help getting the house ready for the market, I can help with that as well.

Buyers-If you would like to view homes in the Elk Grove area, let me know.  I would love to show you what is available.

Buyers and/or Sellers-If you would like to sit down and discuss the process, lets meet over a coffee and discuss it.  Do you like low pressure?  I am no pressure.  My clients are friends or friends to be.  And I buy the coffee! ! !

Coming Soon

Also coming soon will be a home in Elk Grove and one in Stockton.  The home in Stockton is within a couple of blocks of Sherwood Forest Park and is a 3 bedroom, 1 bathroom cozy home.  It will be renovated prior to putting it on the market.

Market Update September 2021

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 (35)

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

Ray, that is really close, and you are so lucky.  We have Quincy Reservoir close, but definitely not walking distance.  You have a great weekend too! 

Nov 20, 2021 08:52 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

We feel blessed to have live in both these neighborhoods since 2000.  We loved raising our boys here.  Thank you for your comments.  I do appreciate all of them.

Nov 20, 2021 08:58 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, good luck in getting those two new listings on the market.  Our inventory is so low, we sure need more listings! 

Nov 22, 2021 06:38 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you, Joan Cox.  We are very close to getting the Arden Arcade home on the market.  We sure do need the listings!

Nov 22, 2021 07:52 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Raymond Henson, eXp Realty - You know your stuff and your clients should be very pleased they have chosen you for their REALTOR®.  I like that picture of Laguna West and having the water right there is special.  Congratulations on your upcoming reno. It is coming along well.  I am excited to see the finished product.  The Sedona market is still pretty hot and won't slow until right around Xmas.  Happy Thanksgiving!

Nov 23, 2021 06:01 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you very much, Sheri Sperry - MCNE®.  The reno gets some exterior paint today, then a final cleaning on Saturday.  The end, for the work, is in sight. 

 

We are fortunate that we have two lakes within walking distance in our neighborhood. 

Nov 24, 2021 05:39 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Thursday morning, Raymond.

Take care, be safe and have a very special Thanksgiving.

Nov 25, 2021 06:09 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Good Morning, Roy Kelley.  I am grateful for all of your positive comments throughout the year.  I really appreciate each and every one of them.  Happy Thanksgiving!  I hope you have a wonderful day!

Nov 25, 2021 06:23 AM
Roy Kelley

We are thankful for a beautiful day in Maryland for the gatherings of family and friends.

Nov 25, 2021 07:11 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Morning Ray, stopped back in to send a huge Happy Thanksgiving wish, and hope you and Mary Margaret have a wonderful day! 

Nov 25, 2021 06:26 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for always making me feel special, Joan Cox.  Happy Thanksgiving to you!

Nov 25, 2021 06:31 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Raymond, Stopping by again to wish you and yours a Happy Turkey Day!

Nov 25, 2021 06:47 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you so much, Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400.  I hope you both have a wonderful Thanksgiving too!

Nov 25, 2021 06:59 AM
Tony Busanich
TD Bank - Freehold, NJ
1-4 FAMILY HOME LOAN SPECIALIST

Hi Ray, with the markets leveling off over the last few months, are we seeing move homebuyers coming into the market? We should be seeing more first time homebuyers coming into the market. 

 

Nov 29, 2021 07:22 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Good Morning Raymond Henson, eXp Realty - Elk Grove Sales volumes and Days on the Market are consistent but Median, Average, and Pricer Per Sq/Ft has increased a lot in between November 2020 and November 2021 which is consistent with the market in other cities where I live too. 

I love that you love where you live and your family does too! It speaks volumes in itself about quality of life style and happiness. Your photos and videos are outstanding!

 

Nov 29, 2021 07:32 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Raymond loved the post but you had me with the first picture, Hope you had a fantastic Thanksgiving, Endre

Nov 29, 2021 10:27 PM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you, Endre Barath, Jr. I was driving home from the gym when I went by our lake.  It was so beautiful that I had to stop and take some pictures.  The first picture was one of several.  I take pictures all the time and I do think this is one of my best.  I love the color of the tree and the perfect reflections in the lake.  I really appreciate you mentioning it.

Nov 30, 2021 07:03 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Hi Tony Busanich, I think this is a good time for home buyers to start looking, but it is my guess that they will start again after the holidays, like in most years past.  I was surprised to see the price pop up a bit for the first time in a number of months.  Maybe Christmas will come early for those selling their homes right now.

Nov 30, 2021 07:10 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you, Patricia Feager, MBA, CRS, GRI,MRP.  As I mentioned to Endre, I believe the featured picture above is one of my best pictures ever.  It is proof positive that if you take 1,000 pictures that one will turn out well.

 

Yes, we do love the area.  We raised our two boys here.  The schools are good and we thoroughly enjoyed the youth athletics in the area.  It is also the perfect epicenter to a world of fun destinations, SF, wine country, mountains, rivers, lakes and so much more.  Elk Grove is a great choice for anyone wanting to live in the Sacramento region.

 

Thanks again and I hope you are doing well!

Nov 30, 2021 07:16 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Raymond Henson, eXp Realty - you did a great job with that photograph. What I like best is nothing is staged. It's simply natural and strikingly beautiful. The reflection in the water is good enough reason to think about how much would a person enjoy your area if they moved to Elk Grove? What's important to me, is seeing that it fits in well with people of all ages. 

The way you live and market your area is excellent!

Nov 30, 2021 07:23 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you very much, Patricia Feager, MBA, CRS, GRI,MRP!

Dec 03, 2021 08:14 AM