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Starter Homes and Move-up Homes for Sale in Elk Grove
The homes in my listing inventory for Sacramento that seem to generate the highest number of phone calls from buyers and buyer’s agents are homes in Elk Grove. It doesn’t seem to matter if they are starter homes for sale in Elk Grove or move-up homes. As a top listing agent in Elk Grove, I sell an unusually high number of homes in Elk Grove in the ZIP Codes 95624, 95757 and 95758. These homes are similar to the types of homes one might find the other direction from downtown in our Natomas communities or homes in West Sacramento in that they are newer construction, mostly stucco with tile roofs, and many young families gravitate toward these neighborhoods.
But then many of the homes for sale in Elk Grove are a hot commodity this spring. At the moment, we have 288 homes for sale in our 3 ZIPs in Elk Grove. MLS also shows 241 homes pending, with 191 sold within the last 30 days. You can do the math. There are not enough homes for sale in Elk Grove to meet demand.
If you are looking for homes for sale in Elk Grove, two exceptional homes recently became available, which you should take a look at if you’re in that market. Each fits a specific need. One is a starter home for a first-time home buyer or an investor and the second home is a luxury move-up home. Our first brand new listing is located at 7029 Verdure Way, Elk Grove, CA 95758. This is near Bruceville and Seasons. I keep wanting to call that street Four Seasons after the luxury resort. Or, as some people say it’s a reason to live in Sacramento because we have seasons here.
This is a 3-bedroom home with 3 baths and an open floor plan. The ceilings soar above the second floor, which makes it seem much bigger than its 1,410 square feet. Your entertainment area is the entire first floor, with open spaces between the living room and dining room and kitchen. Sliding doors lead to the back yard, with planting options available around the perimeter to make the yard your own. It’s affordable and competitively priced at $259,000. Ready for occupancy. Newer roof and HVAC, too.
The second home is located east of Highway 99, off Elk Grove Boulevard and Black Swan. If you’re looking for more bells and whistles and twice the square footage, this second home at $395,000 might be perfect for you. Boasting more than 2,800 square feet, it offers 5 bedrooms (two on the first floor, including a gigantic master suite) and three more bedrooms on the second floor. More interior square footage could be added by closing off the open space on the second floor, but most buyers will think it’s large enough just the way it was built. It’s beautiful, and it could be yours.
Come see 9468 Mainline Drive, Elk Grove, CA 95624 on Sunday when it is open from 2 PM to 4 PM. Both homes are offered for sale exclusively by Lyon Real Estate; for a private showing or more information, please call your Elk Grove agent, Elizabeth Weintraub, at 916.233.6759.
Spotlight: Homes for Sale in 95624 in Elk Grove
This weekend I’m meeting with my electrician and his wife in Elk Grove to talk about selling their home in 95624. As a top Elk Grove agent, I sell many homes in Elk Grove and, over the years, that city has developed into one of my speciality markets. The ZIP code of 95624 is close to the ZIP 95829, but that area of 95829 is in Sacramento, not in Elk Grove, even though homes in 95829 might be located in the same Elk Grove school district. All of the homes located in 95624 are within the city limits of Elk Grove.
Speaking of which, the schools are a primary reason many people with families choose to live in Elk Grove. There are 15 public and private elementary schools, 5 middle schools and 5 high schools, according to Trulia. Time Magazine in 2006 named Elk Grove as the fastest growing city in the United States, just as the housing market was beginning to crash. Many homeowners lost tremendous amounts of equity from 2006 to 2012. But today, we are on the road to recovery. Many people who thought they didn’t have any equity are amazed to discover that they can now freely sell their home in Elk Grove.
Homes in the 95624 ZIP code of Elk Grove priced between $350,000 and $400,000 can be more difficult to sell if the bulk of the homes in a given neighborhood are priced near $350,000 and you have that odd $400,000 home. But it doesn’t mean it won’t sell or that you won’t get top dollar for it. It just might take a little bit longer. I sold several in the upper end of that price range recently — closed a home in East Park at $385,000 last week and a Meritage Home in Britschgi Ranch will close shortly. In February, for example, there were only 7 homes in that price range that closed escrow. We’ll see an uptick this month, I predict. At the moment, MLS reports we have 229 homes for sale in 95624, which have not yet sold nor closed escrow.
The competition grows a bit more intense in the $300,000 to $350,000 range. Last February out of 29 listings in that range only 11 sold. That equals about 1 out of 3 homes. The hottest price range, though, is the “under $300,000,” those homes priced between $200,000 and $300,000. The pending sales in that price range for February exceeded the number of homes for sale.
And this is exactly where my electrician’s home is located. We’ll probably need to spruce it up a little bit because most people don’t live in the manner in which they would present a home for sale to the public. We live like real people and not characters in a fairy tale, but it is the fairy tale I will sell. This is a one-story home in a neighborhood in which many investors have flipped homes, and it’s a popular place to live.
I talk to everybody about real estate because it’s my passion. Even when I’m having an extra electrical receptacle placed under my home office desk. Thinking about buying or selling a home in 95624? Call Elizabeth Weintraub at 916.233.6759.
