October 2024 Newsletter

Mercedeh Sheik
October 31, 2024

Hello ,

As we embrace the crisp, cozy vibes of fall, I'm excited to bring you this month’s newsletter filled with seasonal insights and helpful tips.

From preparing your home for the cooler months to the latest market trends, I’m here to guide you through the shifting real estate landscape. You’ll also find a spotlight on a property perfect for this season and updates on local events to enjoy in the autumn air.

Let’s make the most of this beautiful season together!

Warmly,

Mercedeh Sheik

Market Updates

Greater Sacramento Region

Tri-Counties Data

Market Type:

Seller's Market

Homes For Sale

3447 units.

Up 1.5% from last month

Up 44.3% from last year

Homes Closed:

1,382 units.

Down 16.1% from last month.

Down 1.6% from last year.

Homes Placed under Contract:

1,637 units.

Up 6.3% from last month.

Up 28% from last year.

Average Sold Price per Square Footage:

$343.

Up 0.6% from last month.

Down 0.3% from last year.

Continuous Days on Market:

34days.

Up 3% from last month.

Up 21.4% from last year.

Sold/Original List Price Ratio:

97%.

Down 0% from last month.

Down 1% from last year.

Average For Sale Price:

$814,000.

Down 1.3% from last month.

Down 3.3% from last year.

Average Sold Price:

$646,000.

Down 0% from last month.

Down 1.3% from last year.

Months of Inventory Based on Closed Sales:

2.5 months.

Up 19.4% from last month.

Up 47% 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 July 2023 to September 2024.

Average Price Per SQFT (SOLD)

Bar chart of average sold price per square foot, rising from 306 in January 2024 to a June peak of 332.

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

Chart of average CDOM and SP/Original LP percentages from July 2023 to September 2024.

Average Price For Sale & Sold

Line chart comparing average sold and for-sale prices from July 2023 to September 2024.

Months of Inventory Based on Closed Sales

Area chart of months of inventory, rising to 2.9 in September 2024 after a low of 1.6.

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.

Local Events

Travel | Food | Entertainment

Three spiced apple cocktails with cinnamon-sugar rims, apple slices, fresh herbs, and whole apples.

Cozy Cocktails for Fall

Savor the Sweetness

Spice up your season with a delicious fall cocktail! Check out this cozy recipe that’s sure to keep you warm all autumn long. Fall Coffee Cocktails Guide !

Sacramento Kings

Kings Basketball is Back

NBA season is back, and the Sacramento Kings are ready to make this one unforgettable! Don’t miss out—check out their schedule and grab your tickets here: Kings Schedule

Orange, tan, and pale green pumpkins arranged closely together.

Fall Fun

Local Pumpkin Patches

Fall is here! Explore the best pumpkin patches in the greater Sacramento area and get ready for some autumn fun!

Find Pumpkin Patches Near you!

Autumn leaves fill a white house gutter beneath a gray shingle roof, with a wooden deck nearby.

Gutter Clean-Up for Fall

Get Ready For Winter!

Put on some gloves, grab a ladder, and clear out the muck, leaves, and twigs from your gutters before winter and storm season hits. Keeping them clean ensures proper water flow, preventing spills that could lead to foundation issues.

Living room with a curved navy sofa, floor-to-ceiling bookshelves, and three chandeliers.

The Jacquelyn

Sacramento’s New Escape

From floating meditation to speakers’ seminars to quiet places for you to connect with yourself or others. Check out Sacramento's newest members Social Club.

Golden cracked cookies sprinkled with coarse salt, with cinnamon sticks and eucalyptus leaves.

Bake the Ultimate Cookie

Brown Butter & Maple Pumpkin Cookies

Try this delicious Maple Pumpkin cookie recipe at home—perfect for cozy fall baking with loved ones! It’s easy to make and will fill your kitchen with warm, seasonal flavors. Check out the recipe!

Monthly Real Estate

"Eye Candy"

Two-story stucco house with a tiled roof and illuminated windows, framed by a formal garden at dusk.

Double-height living room with a stone fireplace, teal chairs, leather sofa, and built-in bookshelves.

Spacious cream kitchen with a granite island, exposed wood beams, skylights, and an adjoining dining area.

Stucco home with a covered patio and illuminated swimming pool at dusk.

6352 Calle Montalvo Circle Granite Bay, California, 95746

5 Beds, 6 Baths, 7,250 sqft

$2,650,000 USD

Escape to the epitome of luxury living in the exclusive Los Lagos community of Granite Bay. Custom designed by Michael Kent Murphy, this unique home combines Tuscan elegance with modern luxury, harmonizing seamlessly with nature. Wrapped around a central courtyard, a unique U-shaped layout ensures a stunning view from every window. Upon entering, you step into the stately library, inspired by old country estates, & take in breathtaking views of the outdoor oasis. The dramatic landscaping includes large granite outcroppings. The spacious primary suite boasts a charming, private boulder-lined patio for enjoying your morning coffee, an adjacent workout room, a spa-like bath with dual-sided fireplace, and generous closet with pass through to the laundry room. The kitchen is a chef's dream, featuring high end appliances from Wolf, Miele, Dacor, & Sub Zero. Designed to accommodate multi-generational living, the upstairs suite offers separate living quarters while promoting inclusivity. The outdoor kitchen & lanai enhance the comfortable luxury of the main house. Owned solar panels along with 3 Tesla Power Walls support green living, & the property includes two EV car charger outlets. This home is truly a perfect blend of elegance, luxury, & sustainable living. Your own relaxing oasis!