JANUARY 2024 NEWSLETTER

JANUARY 2024 NEWSLETTER

  • Mercedeh Sheik
  • January 13, 2024

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Bright home office with a white desk, laptop, potted plant, and mesh chair by large windows.
Bright home office with a white desk, laptop, potted plant, and mesh chair by large windows.
Mercedeh Sheik
,
 
Welcoming 2024, there's an amazing positive energy everywhere I turn. Chatting with friends, workmates, and family, everyone's really dialed in on making this year exceptional. It's like people aren't just hoping for a great year; they're actively planning for it with real intent. What's caught my attention is how many couples are saying, "This is the year we are buying our house!" That's a fresh perspective – I haven't heard that much at the start of previous years. So yeah, there's this cool, upbeat vibe about 2024 that's hard to miss!
 
As for the Great Sacramento Region's real estate market – the December trends are outlined below. We will have a 2023's entire market update for you by next month's edition. In this month's January newsletter, I'd like to share a few "intentional" mindful tips to help set your year's trajectory, along with some local and seasonal articles, this month's Eye Candy of the Month, and ending it with Sotheby's global partner calendars.
 
Warm regards,
Mercedeh Sheik
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Latest with Mercedeh
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This year, 2024, marks a significant milestone for me. I am hyper focused on a challenging yet exhilarating goal: to double my current volume and transactions in the real estate arena. Honestly, It is scary to be sharing and putting it out there! Yet, this ambitious target is not just a measure of growth but a testament to my commitment to excellence in serving a broader community.
 
Achieving this will require more than just determination and hard work; it necessitates the invaluable support of you, my trusted network. Your referrals, recommendations, and belief in my services are essential. When you or someone you know contemplates real estate decisions - whether it's buying, selling, or investing - I humbly ask that you think of me.
 
In partnership with Sotheby's International Realty, I am equipped with a global network and unparalleled resources to provide top-tier service, both locally and internationally.
 
Your support is not just appreciated; it is fundamental to this journey. Together, let's make 2024 a landmark year of success and mutual growth!
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Bright home office with a white desk, laptop, potted plant, and mesh chair by large windows.
Bright home office with a white desk, laptop, potted plant, and mesh chair by large windows.
Market Updates
Greater Sacramento Region
Market Type:
Seller's Market
 
Homes for Sale:
1,833 units.
Down 21.2% from last month.
Down 25.7% from last year.
 
Homes Closed:
1,054 units.
Down 2% from last month.
Down 14.7% from last year.
 
Homes Placed under Contract:
994 units.
Down 8.6% from last month.
Up 8.3% from last year.
 
Average Sold Price per Square Footage:
$326.
Down 1.8% from last month.
Up 4.8% from last year.
Continuous Days on Market:
40 days.
Up 33.3% from last month.
Down 16.7% from last year.
 
Sold/Original List Price Ratio:
97%.
Unchanged from last month.
Up 4.3% from last year.
 
Average For Sale Price:
$873,000.
Up 2% from last month.
Up 11.1% from last year.
 
Average Sold Price:
$634,000.
Down 2.5% from last month.
Up 5.5% from last year.
 
Months of Inventory Based on Closed Sales:
1.7 months.
Down 23.1% from last month.
Down 15% from last year.
 
Placer, Sacramento, El Dorado Counties
Combined Tri-Counties Single-Family Home Stats
 
Number of Homes For Sale/Sold/Pending
Chart of homes for sale, sold, and pending monthly from October 2022 through December 2023.
Average Price Per SQFT (SOLD)
Sold price-per-square-foot bar chart, peaking at $344 in September 2023.
Average Closed Days on Market & SOLD Price vs. LIST Price
Chart of average CDOM and SP/Orig LP percentages by month, October 2022 to December 2023.
Average Price For Sale & Sold
Line chart of average sold and for-sale prices from October 2022 to December 2023, in thousands of dollars.
Months of Inventory Based on Closed Sales
Area chart of months of inventory, declining to 1.1 in spring 2023 before rising to 2.2 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.
 
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Bright home office with a white desk, laptop, potted plant, and mesh chair by large windows.
Bright home office with a white desk, laptop, potted plant, and mesh chair by large windows.
 
Get Intentional in 2024
Mindset | Gratitude| Wellness
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Vision Board for Manifestation
 
National Vision Board Day is the 2nd Saturday of January. {Sat Jan. 13th} Create your 2024 Vision Board with the help from Oprah Winfrey!
SMART goal-setting list on a chalkboard, with colored initials and a hand holding chalk.
How to Help Your Child Set and Reach Goals
 
Helping children set goals has huge benefits for their self-esteem. It also teaches them an essential life skill that underpins much academic and workplace success.
A cream journal with black ribbon markers beside a pink hourglass and gold “Believe” ornament.
The Ultimate Gratitude Journal Guide
 
Many people have great intentions when wanting to practice gratitude, but unfortunately they do not go about it the right way. Here is how!
 
Get Local & Go Seasonal
Travel | Food | Entertainment
Roasted sweet potato and spinach salad topped with red onion, with green dressing in bowls behind it.
Fight off the flu with immune-boosting nutrients
 
While having a healthy immune system is a plus during the season of colds and flu, consider these tips for keeping your immune system strong throughout the year.
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The 7 Best Lake Tahoe Ski Resorts
 
From big and legendary to small and epic, Lake Tahoe is home to a dizzying number of worthy ski resorts—but these seven reign supreme.
Hands attach a round light cover to a ceiling fan with its wiring exposed.
Ceiling fan can save money as the weather gets colder
 
Using a ceiling fan in the winter may seem counterintuitive, but it could save you as much as 15% on your heating bills. Here is a great video!
Seven tips to prepare for spring sale
Two people review paperwork on a sofa beside an open laptop.
Prioritizing personal circumstances is one of the best ways to determine when to sell a property.
Despite high prices being recorded in many locations, plenty of homeowners have held on tightly since mid-2023 in order to avoid the 22-year high interest rates of 7% to 8%.
...
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Monthly Real Estate
"Eye Candy"
Modern two-story home with stone and wood facade, double garage, and landscaped front yard.
Double-height living room with a gray sectional and dramatic black marble fireplace wall.
Marble bathroom with a freestanding tub, glass shower, and floating double vanity.
Modern home with illuminated glass walls, landscaped yard, and curved pool with a fire feature.
3516 Vista De Madera
Lincoln, CA, 95648
$3,548,800
Real estate listing text describing a custom home with views, multiple kitchens, a deck, pool, and spa.
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Greater Sacramento Region| Jan. Calendarof Events
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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!
Los Angeles, CA
Coming Soon
Coming Soon
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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!
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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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Work With Mercedeh

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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