Elk Grove Real Estate Market Conditions & Reports, Elk Grove Market Trends, California

Market Commentary Provided by Bruce LaMaster
If you can qualify, now is an exceptional time to buy a home in Elk Grove. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Bruce @916-952-3838 or Brian @916-804-2074

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Bruce LaMaster
Keller Williams Realty
Folsom, California
Bruce @916-952-3838 or Brian @916-804-2074
LaMaster@agents.househunt.com
Agent Home Page

Nearest Metro Area

Sacramento

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Very tight market

Average Home Price

$300,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$600,000 - $649,000

Compared to Last Year

Up 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Elk Grove is

Increasing

Seller Activity for the past 90 days in Elk Grove is

No Change

Is Financing Available For Qualified Buyers in Elk Grove?

Yes

Comments on Financing For Qualified Buyers

Not all lenders are the same. Our preferred lender is Brian Musket at Secure Funding Group. Give him a call at 916.804.2074 for a free consultation that could save you money and will save you a lot of frustration compared to many of the 'other guys'.

Existing Home Prices for the past 90 days are

Increasing

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

More than 50%

Housing Hot Spots

Roseville, Lincoln, Folsom, Elk Grove, Carmichael, Loomis, Serrano, Fair Oaks, and Whitney Oaks

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in Elk Grove!

Average Sold Price

$300,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...