Monday, December 17, 2007

Elk Grove...Then and Now

Having lived in or around Elk Grove for many years, I've followed it closer than any other market. We purchased our first home there nearly 15 years ago, and have seen the market at the very bottom as well as (more recently) the very top. After selling our home in May of 2006, I decided to track the numbers for Elk Grove and see where they ended up after a year or two. I have broken the data down into price ranges, since that's typically how most people shop for a home. Also, the data represents sold homes only for the previous 30 days.

$300,000 - $399,999

May 2006

Avg Sq Ft - 1365
Abg $/SF - $268.89
# Homes Sold - 50
Avg. DOM - 41

December 2007

Avg Sq Ft - 2230 (63% increase)
Abg $/SF - $155.06 (42% decrease)
# Homes Sold - 43
Avg. DOM - 68

$400,000 - $499,999

May 2006

Avg Sq Ft - 2001
Abg $/SF - $227.60
# Homes Sold - 66
Avg. DOM - 46

December 2007

Avg Sq Ft - 2740 (37% increase)
Abg $/SF - $156.34 (31% decrease)
# Homes Sold - 21
Avg. DOM - 58

1 comment :

Gwynster said...

Good analysis

So we're still getting a few sales, just people are purchasing bigger houses and getting more for their money. As a possible buyer, makes total sense to me.