JUNE 2024 NEWSLETTER

JUNE 2024 NEWSLETTER

  • Mercedeh Sheik
  • June 29, 2024
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Mercedeh Sheik
Seabirds fly over gentle waves breaking onto a sandy beach at sunset.
,
 
Welcome to the June edition of my newsletter! As the summer season heats up, so does the Greater Sacramento Region's housing market. This month, I'm excited to bring you the latest market trends, insightful tips for buyers and sellers, and a spotlight on some of the most stunning properties currently available. Whether you're considering buying, selling, or simply staying informed about the local market, my goal is to provide you with valuable information and expert guidance to help you make the best decisions. Let's dive into the exciting opportunities this month has to offer!
 
We are half way through 2024! A little inspiration can go a long way. - Mercedeh
 
People say joy doesn’t just happen to you; you have to find joy. It’s not always easy to choose joy, especially when you have a bad day.
 
But anything can be done with the right mindset. And maybe start with a smile, a hug for yourself, and a pat on your shoulder.
 
And most importantly, never lose sight of your worth. Knowing you are enough and worthy will sweep away the clouds and bring you lasting joy.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Market Updates
Greater Sacramento Region
Tri-Counties Data
Market Type:
Seller's Market
 
Homes for Sale:
2,818 units.
Up 18.9% from last month.
Up 53.7% from last year.
 
Homes Closed:
1,632 units.
Up 6.8% from last month.
Down 3.9% from last year.
 
Homes Placed under Contract:
1,823 units.
Up 11.8% from last month.
Up 8.5% from last year.
 
Average Sold Price per Square Footage:
$348.
Up 0.3% from last month.
Up 3.6% from last year.
Continuous Days on Market:
25days.
Down 7.4% from last month.
Down 19.4% from last year.
 
Sold/Original List Price Ratio:
99%.
0% from last month.
0% from last year.
 
Average For Sale Price:
$871,000
Down 1.8% from last month.
Down 7.1% from last year.
 
Average Sold Price:
$683,000.
Up 0.1% from last month.
Up 3.3% from last year.
 
Months of Inventory Based on Closed Sales:
1.8 months.
Up 6.4% from last month.
Up 55.6% 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 each month from March 2023 to May 2024.
Average Price Per SQFT (SOLD)
Bar chart of average sold price per square foot, rising to 348 in May 2024.
Average Closed Days on Market & SOLD Price vs. LIST Price
Chart of average CDOM and sale price versus original list price percentage, March 2023–May 2024.
Average Price For Sale & Sold
Line chart of sold and for-sale average home prices from March 2023 to May 2024.
Months of Inventory Based on Closed Sales
Area chart of months of inventory, peaking at 2.1 in November 2023 and ending at 1.7 in May 2024.
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.
 
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
 
Get Local & Go Seasonal
Travel | Food | Entertainment
Sunflower field extending to palm trees and distant mountains under a hazy sky.
Yolo County
VISITING SUNFLOWERS
 
A Guide to Visiting Sunflowers in Yolo County: Tips and Fun Facts with best places to view sunflowers in Yolo County and share fun facts about sunflower growers in the area!
Two orange drinks with mint garnish and metal straws
29 Favorite
SUMMER REFRESHING DRINKS
prehensive 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...
Sacramento farmers market with a wooden Midtown Farmers Market sign and colorful produce signs.
Sacramento Region's
GUIDE TO LOCAL FARMER'S MARKETS
 
Visiting one of Sacramento’s farmers markets is the perfect way to experience our region’s bounty of crops.
Is selling your home unfurnished a good idea?
Vacant formal room with a vaulted ceiling, arched windows, brass chandeliers, and parquet flooring.
A home that goes on the market unfurnished presents additional challenges for prospective buyers.
That's because they'll need an excellent sense of perspective and a good imagination to picture what the property might look like when furnished.
...
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Monthly Real Estate
"Eye Candy"
Mediterranean-style home at dusk with a glowing arched entry and broad curved stone staircase.
Stucco home surrounding a landscaped pool, with illuminated arched windows beneath a pink dusk sky.
Living room library with wood bookshelves, a rolling ladder, leather sofa, and garden-facing glass doors.
Cream kitchen with a granite island, arched windows, and a skylight with exposed timber beams.
Listing details for a $2,650,000 home at 6352 Calle Montalvo Circle, Granite Bay.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Greater Sacramento Region| June Calendarof Events
Bright staged interiors with airy living rooms, fireplaces, large windows, and a neutral kitchen.
 
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
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
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 top, smiling in a professional portrait.
MercedehSheik
REALTOR®, SRES®, PSA, CNE
CA DRE #02047874
 
 
Positivity is Contagious!
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
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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Beige two-story suburban house on a landscaped corner lot with a for-sale sign and pink flowering shrubs.
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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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