Is the Elk Grove real estate market heating up?

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Real Estate Agent with Keller Williams Realty - Elk Grove, CA Homes for Sale 00935148

I have been out with buyers this past week looking at homes in the Elk Grove CA area and have been surprised at how quickly homes are selling.  Although I know our Elk Grove foreclosure or bank owned listngs have been selling quickly...the last one had 15 offers within the first week it was on the market...I guess I have been surprised this weekend to see how many Elk Grove short sales have multiple offers within the first week or two that they are on the market also!

With our current inventory in the Elk Grove area down to 1.5 months and interest rates at all time low, if a home is priced right and in good condition, it is selling quickly.  I was out with a first time home buyer yesterday; we found the home of their dreams and it had been active the day before.  However, when I called the agent to let her know we were going to submit an offer, she said the seller had just accepted an offer.  She had received 3 very good offers that morning and the seller decided not to wait!

The days of homes being on the market for weeks or even months, has passed.  Buyers and agents need to pay attention to what is coming on the market every day.  As a home buyer if you are not receiving daily alerts on new homes coming on the market, it is imporant to do so. 

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Topic:
Home Buying
Location:
California Sacramento County Elk Grove
Groups:
Investors
Local Expert
Posts to Localism
Realtors®
Tags:
elk grove real estate agent
elk grove real estate market
elk grove foreclosure
elk grove short sale
buying a home in elk grove ca

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Rainmaker
946,310
Edward & Celia Maddox
We Take The High Road
Solutions Real Estate

We are seeing an uptick in the Arizona market as well.  Good Luck,

February 12, 2012 11:48 AM
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Rainmaker
340,575

Lori Mode

Mode and Durham, Your Elk Grove Real Estate team
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Additional Information

DRE License #00935148

Lori Mode & Bruce Durham of Keller Williams Realty, Sacramento Real Estate including Elk Grove and surrounding areas, including home listings, home prices, community information, local statistics, foreclosures and short sales.

If you ever have any questions, comments, suggestions, or anything else, please contact me using one of the methods below. Also be sure to engage in the conversations taking place within each post!




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