Here's the latest Statistical Summary for the Elk Grove, CA Real Estate market, based on data pulled this evening, January 2, 2009 from California Metrolist
Active Listings:
There are currently 917 single family homes for sale in the Elk Grove area - this includes 95624, 95757 and 95758 zip code areas) . This active listing count is down by approximately 30% from 1 year ago.
Price Range - $85,900 to $3,299,000
2 bedroom, 1 bathroo.m, 918 square feet - 7 bedroom, 5 bathroom, 5,698 square feet
Average - 4 bedroom, 3 bathroom, 2232 square feet.
Average days on the market - 95 days
Of these 917 single family homes for sale, 235 of them are REO's or Bank Owned Homes and 540 are Short Sale listings (both REO active listings and short sale listings have decreased from last month)
Pending Sales:
There are currently 432 pending sales in the Elk Grove area.
Price Range - $109,900 to $5,950,000
2 bedroom, 1 bathroom, 906 square fee - 7 bedroom, 7 bathroom, 10,360 square feet
Average - 4 bedroom, 3 bathroom, 2,229 square feet
Average asking price - $271,524
Median asking price - $249,000
Of these 432 pending sales in the Elk Grove area, 293 of them are REO's or Bank Owned Homes.
Sold Listings - December 1, 2008 through December 31, 2008 
There were 251 single family homes sold and closed from 12/1/08 through 12/31/08 in the Elk Grove zip code areas.
Price Range - $142,000 to $750,000
2 bedroom, 2 bathroom, 1000 square feet - 7 bedroom, 5 bathroom, 5099 square feet
Average - 4 bedroom, 3 bathrooms, 2,190 square feet
Average Sales Price - $263,436
Median Sales Price - $242,500
Average Days on Market - 44 days
Average List Price to Selling Price Ratio - Home sellers got an average of 100.69% of asking price for their Elk Grove area single family home.
Of the 251 single family homes that closed escrow in December, 2008, 187 of them were REO's or Bank Owned homes.
For more information on market statistics or prices in the Elk Grove area, contact us at (916) 405-5765 or Lori@ModeandDurhaM.com.
To check the value of your home, go to www.AllElkGroveHomes.com.
Lori Mode and Bruce Durham, Keller Williams Reality, Elk Grove
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Lori Mode and Bruce Durham, Keller Williams Realty - Elk Grove
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