FEBRUARY 2024 NEWSLETTER

FEBRUARY 2024 NEWSLETTER

  • Mercedeh Sheik
  • February 13, 2024

Dining area with red roses and Valentine decorations beside large windows overlooking neighboring homes.

 
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Mercedeh Sheik
Deep red rose petals covered in water droplets.
,
 
Happy early Valentine's Day. Welcome to my February 2024 newsletter filled with the latest residential real estate single-family home trend in the Greater Sacramento Region including graphs & a summary, three seasonal articles, loan options for beginners, the "Eye Candy" of the month, and various event calendars in major US & Canadian cities.
 
Warmly,
Mercedeh Sheik
" Love has nothing to do with what you are expecting to get - only with what you are expecting to give - which is everything. " Katharine Hepburn
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Market Updates
Greater Sacramento Region
Market Type:
Seller's Market
 
Homes for Sale:
1,770 units.
Down 10.2% from last month.
Down 17.3% from last year.
 
Homes Closed:
989 units.
Down 15.3% from last month.
Up 9.4% from last year.
 
Homes Placed under Contract:
1,397 units.
Up 35.5% from last month.
Up 14.4% from last year.
 
Average Sold Price per Square Footage:
$323.
Down 1.5% from last month.
Up 4.5% from last year.
Continuous Days on Market:
44days.
Up 35.5% from last month.
Down 14.4% from last year.
 
Sold/Original List Price Ratio:
97%.
Up 1% from last month.
Up 3.2% from last year.
 
Average For Sale Price:
$901,000.
Up 2.4% from last month.
Up 11.1% from last year.
 
Average Sold Price:
$619,000.
Down 3% from last month.
Up 4.6% from last year.
 
Months of Inventory Based on Closed Sales:
1.8 months.
Down 5.9% from last month.
Down 25.3% from last year.
 
Placer, Sacramento, El Dorado Counties
Combined Tri-Counties Single-Family Home Stats
 
Number of Homes For Sale/Sold/Pending
Monthly chart of homes for sale, sold, and pending from November 2022 to January 2024.
Average Price Per SQFT (SOLD)
Bar chart of average sold price per square foot, peaking at 344 in June and September 2023 before falling to 323 in January 2024.
Average Closed Days on Market & SOLD Price vs. LIST Price
Monthly market chart showing average CDOM bars and SP/Orig LP percentages, November 2022 to January 2024.
Average Price For Sale & Sold
Line chart comparing monthly average sold and for-sale home prices from November 2022 to January 2024.
Months of Inventory Based on Closed Sales
Chart of months of inventory based on closed sales, falling to 1.1 in spring 2023 and rising to 2.1 in November.
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.
 
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
 
Get Local & Go Seasonal
Travel | Food | Entertainment
Assorted cheeses, grapes, and figs with red and white wine on a slate board.
Top pairings
WINE AND CHEESE PAIRING FOR BEGINNERS
 
With Valentine's Day in 24-hours - It's a good idea to spend quality time at home with a fantastic bottle of wine and pair it with the perfect cheese!
Seasonal Food Guide
Eat Seasonally
GUIDE FOR EVERY STATE AND ALL 4 SEASON
 
This comprehensive national database of seasonal food available in the US! Seasonal food is fresher, tastier and more nutritious than food consumed out of season. Find out more...
Assorted nut-topped chocolates in a black box, surrounded by cinnamon sticks and loose nuts.
The Finest Chocolate BRANDS FROM AROUND THE WORLD
 
Whether you are a Wonka fan, a Valentine’s Day romantic or a chocolate connoisseur, these are the chocolate brands you should add to your tasting list. including a local from Flying Noir of Mendocino, California
Loan options for first-home buyers
Woman reading a printed document at a desk beside an open laptop
The first sign of a sustainable fall in mortgage costs will likely inspire thousands of young Americans to jump into the property market for the first time.
But making your first purchase is not just about finding the ideal property; there is lots to think about.
...
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Monthly Real Estate
"Eye Candy"
Two-story stucco home with a turret, arched entry, landscaped garden, and curved walkway.
Foyer with a curved iron-railed staircase, patterned runner, herringbone floors, and blue bench.
Kitchen with a stone-topped island, light wood cabinets, and a tall arched window.
Backyard swimming pool with a rock waterfall, paved patio, and mature evergreen trees.
4021 Legend Drive
Rocklin, CA, 95765
$1,599,800
Listing details for a single-story home, with pool and spa features and a private-showing link.
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Greater Sacramento Region| Feb. 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!
Coming Soon
Coming Soon
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
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.
Blonde woman in a black blouse and gold jewelry smiles at the camera.
MercedehSheik
REALTOR®, SRES®, PSA, CNE
CA DRE #02047874
 
 
Positivity is Contagious!
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Desktop computer displaying financial charts on a sunlit office desk.
Desktop computer displaying financial charts on a sunlit office desk.
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Contact Us
 
9217 Sierra College Blvd Suite 120, Roseville, CA, 95661
+1 (916) 784-7444 | View Website
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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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