Laguna West-Lakeside Real Estate Market - View Laguna West-Lakeside Real Estate Market Trends in California

Spring 2012 Market Update I believe now is an exceptional time to buy a home. Home prices are down and interest rates are very low. If you would like more information, please give me a call at 916-698-8414. Good luck finding your perfect home!
Average Home Price	$200,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	90-120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$250,000 - $299,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Laguna West-Lakeside is	Increasing

Seller Activity for the past 90 days in Laguna West-Lakeside is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	There are very few homes for sale in our area so there are a lot of homes getting multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	More than 50%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Lenders are making financing available, but the process is more difficult. Once you are qualified, though, interest rates are very, very good. It is very important to find a solid lender.

Housing Inventory	Very tight market

Inventory Comments	There is now a 1.1 month inventory of homes in our area. An inventory level less than 3 months is usually considered a seller’s market. The large percentage of short sale and foreclosure homes is keeping prices reasonable.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Laguna West-Lakeside is a master planned community in the West section of Elk Grove. Easy access to the I-5 freeway makes an easy, quick drive to downtown Sacramento just to the North of Elk Grove. San Francisco, Lake Tahoe and Napa Valley are all nearby and are great places for weekend getaways. The homes tend to be newer with stucco exteriors and tile roofs. There are plenty of parks, a nature zone, Laguna Town Hall, pedestrian friendly sidewalks and two lakes. Elk Grove is also just north of the Cosumnes River Preserve which is a great place to hike, view wildlife or go Kayaking. Parents and students enjoy the award winning Elk Grove Unified School District and all the great school and community sports that are available. Also, our market consists of 46% shorts sales and 21% foreclosure sales so 67% of sales in the Laguna West-Lakeside area are in the distressed property category. All these distressed properties are keeping prices reasonable so there are very good values available in our area.

Nearest Metro Area	Sacramento

Housing Hot Spots	Most cities within the Sacramento County area are considered ’Housing Hotspots.’ Elk Grove (95757 and 95758) has many other great neighborhoods besides Laguna West-Lakeside, including Stonelake, Laguna Lake, Laguna, Foulks Ranch, Cresleigh Ranch and and Valley Hi Greens. East Elk Grove (95624) includes the neighborhoods of Fallbrook, Camden Park, Camden Passage West, as well as, homes with an acre or more of land. You may also want to look in the areas of Sacramento that are nearby, such as, South Land Park, Pocket/Greenhaven, East Sacramento, West Sacramento, South Sacramento and the Downtown area.

Average Sold Price	$200,000 - View Graph Trend

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Laguna West-Lakeside Real Estate Market Trends – California

Laguna West-Lakeside Real Estate Market Conditions and Trends