Local Market Update 7-17-2022

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https://youtu.be/kglztHkUtKA

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  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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A Legend Changes Hands

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THE TOWNHOUSE!     FAIR OAKS VILLAGE COMMUNITY NEWS   A Legend Changes Hands: The Iconic Townhouse Finds New Owners After 50+ Years Fair Oaks Village Community Newsletter   •   March 2026   For more than half a century, the stucco-and-wood building on the corner of Fair Oaks Boulevard and Winding Way has been a quiet constant in the heart of Fair Oaks Village — its vintage neon sign glowing TOWNHOUSE into the night, a reminder of an era when this village was a lively gathering place. After more than 50 years in the same family’s hands, the Townhouse has sold — and with it comes a wave of excitement, nostalgia, and real hope for what comes next. A Building Rooted in Village History Built in 1940, the Townhouse is one of Fair Oaks Village’s oldest commercial properties. Designed in an Art Deco–meets–Spanish style, the two-story stucco building sits on a generous quarter-acre corner lot at 10236 Fair Oaks Blvd, commanding attentio...
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Local Market Update 7-18-2021

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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!    
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