August 2024 Newsletter

August 2024 Newsletter

  • Mercedeh Sheik
  • August 14, 2024

Residential street lined with single-story homes and lawns, with real estate signs in warm evening light.

 
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Mercedeh Sheik
Hello ,
 
Welcome to the August edition of my newsletter! As we move deeper into the summer, the Greater Sacramento Region's housing market is showing dynamic shifts and evolving opportunities. This month, I’m excited to bring you the latest market trends, expert advice tailored for the late summer season, a spotlight on a stunning new listing, updates on local events and activities, and a preview of what to expect as we transition into the fall market.
 
Whether you're considering a new move or simply staying informed, my aim is to provide you with the insights and tools you need to navigate the ever-changing real estate landscape. Let's dive into what August has to offer!
 
Warmly,
Mercedeh Sheik
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Market Updates
Greater Sacramento Region
Tri-Counties Data
Market Type:
Seller's Market
 
Homes for Sale:
3,223 units.
Up 3% from last month.
Up 41.9% from last year.
 
Homes Closed:
1,650 units.
Up 5.9% from last month.
Up 8.5% from last year.
 
Homes Placed under Contract:
1,757 units.
Up 12.4% from last month.
Up 19.8% from last year.
 
Average Sold Price per Square Footage:
$347.
Up 0.3% from last month.
Up 3.3% from last year.
Continuous Days on Market:
31days.
Up 10.7% from last month.
Up 29.2% from last year.
 
Sold/Original List Price Ratio:
98%.
Down 1% from last month.
Down 1% from last year.
 
Average For Sale Price:
$838,000
Down 2% from last month.
Down 6.3% from last year.
 
Average Sold Price:
$688,000.
Down 0.4% from last month.
Up 2.5% from last year.
 
Months of Inventory Based on Closed Sales:
2 months.
Down 4.8% from last month.
Up 32.5% from last year.
 
Placer, Sacramento, El Dorado Counties
Combined Tri-Counties Single-Family Home Stats
 
Number of Homes For Sale/Sold/Pending
Monthly chart compares homes for sale, sold, and pending from May 2023 to July 2024.
Average Price Per SQFT (SOLD)
Chart of average sold price per square foot, dipping to 323 in January 2024 before rising to 347.
Average Closed Days on Market & SOLD Price vs. LIST Price %
Chart of average CDOM and SP/Orig LP percentage, May 2023–July 2024; CDOM peaks at 44 in January 2024.
Average Price For Sale & Sold
Line chart of average sold and for-sale prices from May 2023 to July 2024.
Months of Inventory Based on Closed Sales
Area chart shows months of inventory rising to 2.1 in November 2023 and June 2024, ending at 2.0 in July.
Buyer's Market: More than 6 months of inventory based on closed sales.
Seller's Market:Less than 3 months of inventory based on closed sales.
Neutral Market: 3 - 6 months of inventory based on closed sales.
 
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
 
Get Local & Go Seasonal
Travel | Food | Entertainment
Home entryway with a pink backpack and paper bag on a wooden bench beside the front door.
How to Prepare Your Home For Back to School
August is back-to-school season - It’s the perfect time to establish new routines, declutter your home and organize your life.
Laundry room with front-loading washer and dryer, wood cabinets, and neatly folded towels.
How to
Lower Your Electricity Bill
Utility costs, especially the electric bill, tend to make up a significant part of household budgets. Let's look into how to lower the bill logically.
A smiling young woman with a blue suitcase leads a group carrying luggage along a tree-shaded walkway.
Ultimate Moving
To College Checklist
What should you pack when moving to college? Prepare for the college move-in day.
Illustrated Sacramento city map showing downtown, landmarks, neighborhoods, and the American River.
Last Minute Travel
Sacramento Visitor Guide
Visit the Sacramento Region and experience the Gold Country now know as "America's Farm-to-Fork Capital".
Four mountain bikers pause on a rocky overlook above expansive forested mountain ranges.
Placer County's Best Mountain Bike Trails
Mountain biking is in full swing. In Placer County, the options are endless with various intensity levels of adventure.
Illustrated guide comparing watermelon shapes and markings with flavor and ripeness labels.
How to Pick
The perfect Watermelon
The million dollar question everyone tries to answer during the summer!
Read article & View video
How to sass up a small backyard quickly and cheaply
Covered patio with green-cushioned wooden seating and hanging pink flowers overlooking a lush garden.
Are you looking at your small backyard this summer and wondering how you can transform it into a space you can enjoy? If your home isn't blessed with a lot of space, it's easy to think it's just too hard to turn it into a haven from the hustle and bustle of the outside world.
...
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Monthly Real Estate
"Eye Candy"
Aerial view of a modern estate with a pool and fountain beneath a vivid sunset sky.
Modern living room with a marble TV wall, linear fireplace, and dining area by large windows.
Modern marble bathroom with a black double vanity, glass shower, and white orchids in a blue pot.
Modern home with a long pool and lounge chairs at sunset.
Listing for a Lincoln farmhouse estate with 8.9 acres, pool house, pool and spa, and bocce court.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Greater Sacramento Region| August Calendarof Events
Four home interiors labeled Sacramento, Roseville, Folsom, and Davis.
 
Partner Cities|Calendar of Events
 
When traveling outside of the Greater Sacramento Region, my personalized network of partners has highlighted some of the best activities!
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Your referrals are the biggest compliment to me.
There is no higher compliment than a personal referral in the real estate industry!
Should your family and friends need real estate services; please keep me in mind.
I promise to take great care of your referrals.
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MercedehSheik
REALTOR®, SRES®, PSA, CNE
CA DRE #02047874
 
 
Positivity is Contagious!
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
Two-story gray house with a front lawn, for-sale sign, and three people outside.
QR code over a faded storefront facade with a CHANEL sign.
Contact Us
 
9217 Sierra College Blvd Suite 120, Roseville, CA, 95661
+1 (916) 784-7444 | View Website
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Two-story gray house with a front lawn, for-sale sign, and three people outside.
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Clients time and time again testify that she embodies her motto: “positivity is contagious.” Whether you’re looking to buy or sell, no other agent more perfectly combines local market knowledge, negotiation skills, and savvy marketing.
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Contact Details

Mercedeh Sheik

Phone

(408) 891-8799

Email

[email protected]

OFFICE

Phone

(916) 784-7444

Address

9217 Sierra College Blvd. #120 Roseville, CA 95661 2601 Fair Oaks Blvd. Sacramento, CA 95825

DIRECT LINE

(916) 741-2344  



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