Number Crunching for 55+ 
I recently did comps (real estate market comparison analysis) for some homes in our area for home owners who weren't sure they wanted to move but were curious what they would be likely to get if they sold. They were fascinating, as I'm sure you guessed, considering our current real estate market. I thought I'd do some more MLS number crunching for y'all to give you an idea of what's happening and I used the four 55+ senior retirement communities Roseville CA has to offer active seniors.
Homes Currently Available in 55+ Senior Retirement Communities Roseville CA
17 homes are currently active among all four of our lovely 55+ senior retirement communities in Roseville CA (You can see them at the bottom).
Currently available:
Del Webb's Sun City Roseville golf community – 8
Del Webb's The Club at Westpark – 5
Silverado Homes at Eskaton Village Roseville CA – 2
Lennar's Heritage Solaire Roseville CA – 2 (This is a fairly new community and I would guess that only about 1/2 – 2/3 of this community has been sold in the past few years – I believe you can still buy some new ones. So this would, of course, have the least sales – since new home communities don't often put their homes on the MLS.)
Fascinating Figures for Homes Sold In the Past 2 Months
51 homes closed total between all 4 55+ Senior Retirement Communities Roseville CA
26 have gone pending (working their way thru escrow)
Of the 52 that closed:
- 7 sold for less than listed price
- 11 sold for the listed price
- 34 sold for over the listed price
Digging Deeper
3 of those sold were listed for $800,000-899,999:
- 1 went for $19,000 UNDER the list price after 21 days on market with 2 offers
- 1 went for $10,000 OVER list price after 2 days on market with 3 offers
- 1 went for $900 UNDER list price after 2 days on market with 0 offers
4 sold that were listed for $700,000-799,999
- 1 went for $6,000 OVER list price AFTER 4 days on market with 0 offers
- 1 went for list price after 2 days on market with 0 offers
- 1 went for $27,777 UNDER list price after 37 days on market with 2 offers
- 1 went for $10,000 OVER list price after 5 days on market with 2 offers
15 sold that were listed for $600,000-699,999
- 1 went for $35,500 OVER list price after 4 days on market with 4 offers
- 1 went for $16,000 OVER list price after 6 days on market with no other offers
- 1 went for list price after 4 days on market with no other offers
- 1 went for $7,000 OVER list price after 4 days on market with 2 other offers
- 1 went for $10,000 OVER list price after 5 days on market with no other offers
- 1 went for $60,100 OVER list price after 4 days on market and no other offers
- 1 went for list price after 8 days on market with 2 other offers
- 1 went for $25,000 OVER list price after 6 days on market with 2 other offers
- 1 went for $24,000 UNDER list price after 5 days on market with no other offers
- 1 went for $11,000 OVER list price after 10 days on market with 2 other offers
- 1 went for $41,000 OVER list price after 5 days on market with 4 other offers
- 1 went for $32,000 OVER list price after 6 days on market with 3 other offers
- 1 went for list price after 10 days on market with no other offers
- 1 went for list price after 20 days on market with no other offers
- 1 went for list price after 14 days on market with 2 other offers
17 sold that were listed for $500,000-599,999
- 1 went $26,000 OVER list price after 5 days on market with no other offers
- 1 went for $15,000 OVER list price after 5 days on market with no other offers
- 1 went for $5,000 UNDER list price after 15 days on market and no other offers
- 1 went for $39,120 OVER list price after 6 days on market with 2 other offers
- 1 went for $100,000 OVER list price after 4 days on market and no other offers.
- 1 went for $3,000 UNDER list price after 28 days on market with no other offers
- 1 went for $20,300 OVER list price after 6 days on market and 2 other offers
- 1 went for list price after 3 days on market and no other offers
- 1 went for $12,000 OVER list price 14 days on market and no other offers
- 1 went for $20,000 OVER list price after 1 day on market and no other offers
- 1 went for $15,000 OVER list price after 7 days on market and 5 offers
- 1 went for $25,000 OVER list price after 5 days on market and no other offers
- 1 went for $9,000 UNDER list price after 12 days on market and no other offers
- 1 went for $11,000 OVER list price after 23 days on market and no other offers
- 1 went for $3,500 OVER list price after 7 days on market and 3 other offers
- 1 went for $10,000 OVER list price after 27 days on market and no other offers
13 sold that were listed for $400,000-499,999
- 1 went for $21,100 OVER after 16 days on market and 3 offers
- 1 went for $5,000 OVER after 6 days on market and no other offers
- 1 went for 5,000 OVER after 12 days on market and no other offers
- 1 went for list price after 15 days on market and no other offers
- 1 went for $16,000 OVER list price after 1 day on market and o other offers
- 1 went for $55,000 OVER after 3 days on market and 3 other offers
- 1 went for list price after 18 days on market and 2 other offers
- 1 went for $30,000 OVER list price after 6 days on market and 3 other offers
- 1 went for $82,500 OVER list price after 3 days on market and 6 other offers
- 1 went for $40,000 OVER list price after 6 days on market and 3 other offers
- 1 went for $26,000 OVER list price after 4 days on market and 2 other offers
- 1 went for $50,000 OVER list price after 2 days on market and 5 other offers
- 1 went for $43,000 OVER list price after 10 days on market and 0 offers
Summing Up Somewhat
Of those that went for list price:
- 1 in Lennar Heritage Solaire Roseville CA
- 5 in Del Webb Sun City Roseville CA
- 3 in Sliverado Homes at Eskaton Village Roseville CA
- 2 in The Club at Westpark Roseville CA
Of those that went for under list price:
- 4 in Sun City Roseville CA
- 2 in The Club at Westpark Roseville CA
- 1 in Silverado Homes in Eskaton Village Roseville CA
Still More Fascinating Figures
Sun City had the 9 most expensive homes – ranging from $820,000 – $880,000
And sadly for a couple of my sweet clients the lowest prices were $452k and $450k – which is not that low
Notice that there is NOTHING in the $300s
And for all you golfers – (NOTE: not all agents remember/know to fill in the view description correctly so this is approximate ) – 7 of the homes listed show a golf view, and 1 shows a greenbelt/pasture view. 6 of those closed between $720k – $880k but those 7 homes were also between 2,200 – 2,600 sq ft
The other 2 homes closed between $530,000-$655,000 and those were between 1,300-1,650 square feet
I would have thought those view homes would all get the really high offers over but the most was one that went for about $40,000 over. So the really high offers were for one of the normal, everyday lovely homes in our great 55+ Senior Retirement Communities in Roseville.
Even though we were shut down in March, by May to July, our real estate market was hopping last year – 2020. I checked the same time period for 2020. During May 25 – July 25, 2020:
- Our top price was $695k
- We had 4 homes in the $600s
- 16 homes closed in the $500s
- 21 homes closed in the 400s
- And SIX homes closed between $335k-$395k
That's a pretty dramatic change, don't you think!
Another dramatic difference – in 2020:
- 24 homes closed under list price
- 13 homes closed at list price
- Only 10 homes closed above list price
A total reversal!
Of the ten homes that closed above list price last year:
- The highest sold homes were in the $600s.
- sold $15k over list
- 2 sold $10 over list
- 1 sold $4k over list
- 1 sold $5k over list
- 1 sold $2500 over list
- 1 sold 3k over
- 1 sold 2k over list
- 1 sold 1k over list
- 1 sold $400 over list
WOW!!!!
And sadly, among all 4 active senior communities in the last 2 months, NONE went on the market for $300-$399
Last July 26 – for the same 2 month period – 6 were listed for sale between $300-$399,999
Final Thoughts
- A caveat to “no other offers” in the lists above – that doesn't necessarily mean no one else was interested. The buyer could have specified you need to accept this now and shut it down to others. I've had that happen and my seller was quite happy. It could also be that other agents inquired but maybe asked – would “such and such $ ” be in the running and been told no. And they didn't want to go higher.
- The real estate market can go up. Sometimes, as many of us remember from 2008, it can go down. Sometimes, it just keeps going up. No one knows. There are many people that are concerned about what will happen when the moratoriums for mortgages and rents end. Others are sure that won't make a difference – especially since so many owners have equity. I say – do what you need to do, cautiously and carefully. And plan to stay put for a while.
- Homeowners – This market is GREAT NEWS for you! Especially if you have been thinking of downsizing even smaller, moving closer to long distance family members, or making other arrangements due to health or other needs – THIS is a TERRIFIC time to do that. Give me a call at 916-768-0127 (between 8am – 8pm Monday – Saturday and 12noon – 8pm on Sunday) or email me anytime at Kaye SwainRE@gmail.com and let me help you get going – while I work hard to destress the process for YOU!
- Buyers – if you are wanting to buy one of the lovely homes currently available before they get even HIGHER, I've got the same advice for you – Give me a call at 916-768-0127 (between 8am – 8pm Monday – Saturday and 12noon – 8pm on Sunday) or email me anytime at Kaye SwainRE@gmail.com and let me help you get going – while I work hard to destress the process for YOU!
Kaye
PS – YES! Here are the ones that are currently active. And more interesting info – I started this project 2 days ago – but used the 25th as my baseline. Today, 7/28/21, there are only 12 homes currently available – including at least one of the Sun City golf course homes for sale Roseville CA – IF you hurry and call me! 😀 They range in price from $449,000 – 800,000. AND great news for a couple of people – when you click on the link below that says, “View All Results” – it will show you up and down arrows on the photos with the amount the price has been increased or decreased. And THREE have dropped their prices – one went down $7,000, one for $15,000, and 1 for $30,000! MORE WOWS! Which pretty much describes the market for the whole past year – don't you think? Speaking of what you think – how do you like these blog posts with facts and figures? I'd love to hear. 😁👍
Have a great day – a great time looking at these homes – and do give me a call or email if I can help you with any of your real estate needs.
