September 2024 Newsletter

September 2024 Newsletter

  • Mercedeh Sheik
  • September 18, 2024

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Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
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Mercedeh Sheik
Hello ,
 
This month, I’m excited to bring you the latest market insights as we transition into fall, along with expert advice on preparing your home for the cooler months. You’ll also find a spotlight on an exceptional new listing, updates on upcoming local events, and an outlook on what to expect as the fall real estate market takes shape.
 
Additionally, last week, I had the privilege of attending the 2024 Sotheby’s International Realty General Networking Event (GNE) in Nashville, TN, where over 3,000 agents from around the world gathered to collaborate and share insights. This event allows me to stay ahead of market trends, both locally and globally, and bring back new strategies to elevate the experience of my clients in the Sacramento region. By continuously learning and connecting with top agents worldwide, I ensure a higher level of service and expertise in every transaction.
 
Sotheby’s International Realty’s global reach spans 83 countries, 26,400 agents, and 16 languages, with the ability to view listings in multiple currencies. Whether you’re looking for a second home abroad or relocating within the U.S., I can connect you with trusted advisors anywhere. Recently, I referred clients to agents in Tulum, Mexico, and Colorado Springs. Wherever your journey takes you, I am here to ensure you're in trusted hands, both locally and internationally.
 
Warmly,
Mercedeh Sheik
Five adults pose indoors at an event, wearing business attire and conference lanyards.
From left to right: Mercedeh Sheik (Global Advisor), Phillip White (CEO of Sotheby's International Realty), and John Meschke (VP of Affiliate Services - Pacific Region)
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Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Market Updates
Greater Sacramento Region
Tri-Counties Data
Market Type:
Seller's Market
 
Homes for Sale:
3,397 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:
31days.
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
Monthly chart of homes for sale, sold, and pending from June 2023 to August 2024; inventory peaks at 3,397 in August.
Average Price Per SQFT (SOLD)
Bar chart of average sold price per square foot, falling to $323 in January 2024 and peaking at $347 from April to June.
Average Closed Days on Market & SOLD Price vs. LIST Price %
Market chart showing average CDOM peaking at 44 days in January 2024 and SP/Orig LP % holding near 97–99%.
Average Price For Sale & Sold
Chart of median, sold, and for-sale home prices from June 2023 through August 2024.
Months of Inventory Based on Closed Sales
Chart shows months of inventory rising from 1.3 in June 2023 to 2.2 in August 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.
 
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Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
 
Sacramento Pride and Wellness
Travel | Food | Entertainment
Happy 916 Day
916 Day
Sacramento Pride
In honor of Sacramento's beloved area code, 916 Day is dedicated to celebrating the city of Sacramento. Sacramento Kings fans can purchase single-game tickets to any home game without paying fees at Kings.com/Tickets. Offer ends at 10:00 a.m. on September 17.
Guacamole with tortilla chips and avocado halves on a dark surface.
National Guacamole Day
A Fan Favorite Dip
Whether you enjoy it with tortilla chips, as a topping for tacos, or just on its own, today is the perfect day to savor every bite.
Woman meditating cross-legged on a yoga mat in a bright room.
Wellness and Health
Yoga on the Farm
60-minute outdoor yoga classes open to all levels. A blend of breath work and intentional movement.
September 21st & 28th from 9-10 A.M.
Two hands reach toward each other inside a black and gold frame.
Take a look at these pieces put together by Architectural Digest that spotlights new finds under $300 that bring both timeless elegance and lasting value to any home. These pieces stand out for their choice materials and exceptional craftsmanship. It's these thoughtful details that ensure these items transcend fleeting trends and offer a touch of luxury at an accessible price.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Monthly Real Estate
"Eye Candy"
Two-story stucco home with a lit arched entry, landscaped lawn, and wide driveway at dusk.
Open-plan kitchen and dining area with a large white island and two round dining tables.
Modern bathroom with a freestanding tub, dark tiled wall, and large window overlooking trees.
Aerial view of a home's backyard with a curving pool, palm trees, and landscaped patio.
Listing for 9310 Swan Court, Granite Bay: $1,350,000, four bedrooms, four bathrooms, and 3,686 square feet.
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Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Greater Sacramento Region| Sept. Calendarof Events
Staged home interiors with bright living rooms, fireplaces, pale blue seating, and a kitchen with a wood island.
 
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!
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Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
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 #DRE #02047874
 
 
Positivity is Contagious!
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Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
Desk by a sunny window with a model house, laptop, potted plant, notebook, and coffee mug.
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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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