Real Estate Ray's Blog: Elk Grove Real Estate Update, 1/11/2021

Elk Grove Real Estate Update, 1/11/2021

     Elk Grove is a diverse city of over 170,000 residents just South of Sacramento. It has neighborhoods that vary in age with most of the older neighborhoods East of Highway 99.  The community has over 70 parks and many walkways throughout the city.  We are also fortunate to have Cosumnes River Preserve and the Stonelake Refuge just on our boundaries.  We have really enjoyed making Elk Grove our home since 1999. (My friends reasons for loving Elk Grove)

Elk Grove has had a very healthy real estate market over the last year.  Average prices are up 16.5% from December.  Home owners are happy.  It has been a very difficult year for home buyers, though.  There has been a lot of competition for the few homes that are available.  We have less than a two week inventory of homes available.  For context, a balanced market between buyers and sellers is generally considered three months so we have a very limited supply.

Elk Grove Real Estate update Dec 2020

Sellers have been able to get 102.7% of their listing price.  There have been 27 homes sold for less than their original sales price so sellers still need to price according to recent sales in their neighborhood.

With the pandemic continuing and interest rates so low, our market is likely not going to change for some time.  My guess is that as the Covid vaccines are administered homeowners will become more comfortable with listing their homes again.  Hopefully, that will create a more reasonable supply of listings again and a more balanced market.

If you need assistance either purchasing or selling a home, feel free to call me with any of your questions.  I would be glad to help.

View homes in Elk Grove

View Homes in Elk Grove, 55+ communities (if currently available)

December market update for the Laguna West, Lakeside and Stonelake areas

             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

 

 

Comment balloon 10 commentsRaymond Henson, SRES, GRI • January 11 2021 11:57PM

Comments

Good evening Raymond Henson, SRES, GRI - to get the best service as a seller or buyer in Elk Grove someone need only call you.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 7 days ago

Hi Raymond- excellent real estate update for Elk Grove, CA!  It is just the kind of information that buyers and sellers are looking for. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 7 days ago

Thank you Grant Schneider and Kathy Streib.  I appreciate you both taking the time to read my post and comment.

Posted by Raymond Henson, SRES, GRI, Realtor (eXp Realty of California, Inc. (lic. #01878277)) 7 days ago

I can vouch that Elk Grove is a wonderful place and I really enjoyed spending a couple of weeks there many years ago.

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Vacasa) 6 days ago

Nice to learn more about the Elk Grove Real Estate market. Sellers getting 102% of their listing price is amazing!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) 6 days ago

Raymond, great market update for Elk Grove, and a good presentation for this city.   With Sellers seeing over 100% of list, sure tells the story.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) 6 days ago

We have enjoyed making Elk Grove our home for over 20 years, Brian England.  It is a wonderful community.

Posted by Raymond Henson, SRES, GRI, Realtor (eXp Realty of California, Inc. (lic. #01878277)) 6 days ago

Yes, Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, homeowners and sellers are doing very well.  Thank you your your input.

Thank you Joan Cox.  I appreciate the positive critic.  It is a very good time to list a home.  We are preparing one beginning tomorrow.  It should be on the market about two weeks from now.

Posted by Raymond Henson, SRES, GRI, Realtor (eXp Realty of California, Inc. (lic. #01878277)) 6 days ago

Good morning. Naturally if someone is looking to sell or buy in Elk Grove the first step is call Raymond Henson, SRES, GRI 

Posted by Rocky Dickerson, Superior Service! (Realty One Group) 6 days ago

Thank you Rocky Dickerson, I appreciate your vote of confidence.

Posted by Raymond Henson, SRES, GRI, Realtor (eXp Realty of California, Inc. (lic. #01878277)) 6 days ago

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