August 2024 Newsletter

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

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:

31 days.

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

Average Price Per SQFT (SOLD)

Average Closed Days on Market & SOLD Price vs. LIST Price %

Average Price For Sale & Sold

Months of Inventory Based on Closed Sales

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.

Get Local & Go Seasonal

Travel | Food | Entertainment

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.

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.

Ultimate Moving

To College Checklist

What should you pack when moving to college? Prepare for the college move-in day.

Last Minute Travel

Sacramento Visitor Guide

Visit the Sacramento Region and experience the Gold Country now know as "America's Farm-to-Fork Capital".

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.

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

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.

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