LoveWhereWeLive

  Weekly Market Update! Local Weekly Real Estate Numbers! Hi Friends and Colleagues~ The New year is in full swing and real estate activity in our area seems to be picking up! Check it out. (and watch my video) ! This past week we saw 20 new homes come on the market. Two went pending in the first week. Only 1 came back on the market due to failed escrows - YAY! We want escrows to be solid and close. We have t total of 85 active listings in our area, ten more than last week. This number should continue to grow as we move closer to the Spring. 10 homes sold last week, fewer than the week before. The average listed and sold price were both down with the average sold price coming in at $19,000 lower than the average list price. This is the highest deficit we have seen since I began sharing these statistics in 2020. Only 10% of the homes that sold last week sold for over the list price. That is the lowest percentage that we have seen. The average number of days on market decreased to 44...

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https://youtu.be/dPIBTemJkV0  Ahhh......Summer is here and the State Fair is going on! I hope you are enjoying your Summer so far. What's going on in the Real Estate market in our area? Check it out below (and watch the video) ;) New Listings are up this week to 23. Four listings went pending in the first week, which is up from the week before. Seven homes came back on the market due to failed escrows, more than last week. The number of active homes on the market decreased this past week to 109. A few more homes closed escrow last week and the average listed and sold prices were both down from the week before. The average sold price came in $12,700 higher than the average listed price, which is a trend we have been seeing pretty regularly in recent weeks. The average number of days on market before going into escrow dropped to 22 this week from 39 the week before. There were also 14 price decreases this week. Here are the numbers for the entire Northeast SAR Region: That's what...

watch the video here

Summer remains hot in our area along with the real estate market!   Here's what's happening in our area - Fair Oaks, Orangevale and Citrus Heights - for the past week: New listings are lower this past week, as are first week pendings.  We also see more homes with failed escrows that came back on the market.  The number of sold homes is up at 42 compared to 32 the week prior.   Average listing and sold prices are higher too.  The AVERAGE sold price is still almost $30,000 over the average listing price!  Buyer competition remains strong for those desirable listings!    

https://youtu.be/kglztHkUtKA