Happy Autumn With a 9-24-23 Real Estate in Roseville CA Update!
IT'S HERE! AUTUMN – I am so looking forward to what my grandkids and I love to call the “Autumn Ballet” when the leaves all dance around in delightful swirls. And in case you are thinking you have to stop house-hunting, that's totally not true. It's true – summer is a great time to buy and sell. AND MEGA CONGRATS AGAIN to my awesome summer buyers in Roseville and Lincoln with their lovely new 55+ homes AND my sweet summer buyers in their beautiful and brand new construction home! It was indeed a great season for all of them! And now, I am looking forward to a terrific autumn season for my great real estate clients who are just now getting started and I think this 9-24-23 real estate in Roseville CA and the surrounding area update will help me encourage them AND you!
You may be thinking – there are fewer buyers? There are too many fun holidays to waste time trying to sell? Interest rates haven't gone down? True true and true for many. BUT NOT for the buyers and sellers who really NEED to move!
For home sellers, yes, you may have to drop your price a bit. And yes, you should put your “best foot forward” and make SURE your house is in great shape for the price you are charging. Compared to the past 2-3 years, buyers are definitely pickier, even if they feel there are not enough homes on the market. But happily, buyers are STILL house-hunting! And the ones who are, are very serious!
Good news for home buyers – Some home sellers are dropping their prices! There is less competition. And you won't roast to death while looking at homes. It's a lovely season to house-hunt!
For all y'all who are very intent on buying and/or selling and need to move soon – Autumn is YOUR opportunity to work on that with less competition for buyers and less stress for sellers. So have a LOVELY autumn weekend, and then give me a call and let's get busy! And in the meantime, let's take a look at how our local 9-24-23 real estate in Roseville CA area is doing this week AND for the month of August 2023, with a couple of look backs at 2022 and even pre-covid 2019.
9-24-23 Real Estate in Roseville California Area
According to Metrolist MLS, there are currently 251 houses for sale in Roseville CA ranging in price from $249,900 to 4,500,000. If I change the search from EVERYTHING in Roseville to single family homes (ie no condos), 800 sq ft – 3500 sq ft, then the price range is $419,000 to $1,100,000. That includes everything from our oldest to our newest homes to our 55+ homes. Of THOSE homes, there are currently 202 homes. The days on market for those homes ranges from 1 to 398 with a median of 27 and an average of 43. Of those, there are about 66 homes with OVER 50 days on market! And THOSE range from 419,000 – $1,050,000. AND of THOSE, I spotted at least 7 in 55+ retirement communities plus some that are probably brand new construction. *If you'd like to see a list of those with info on them, just email me at KayeSwainRE@gmail.com and I'll be glad to send that info to you.
- 30 Homes decreased in price in the last 7 days
- 8 Homes increased in price in the last 7 days
9-24-23 Homes for Sale in All Our 55 Plus Retirement Communities in Roseville CA
- According to Metrolist MLS, there are currently 32 houses for sale in all of our lovely Roseville CA 55 Plus Retirement Communities ranging in price from $419,000 – $875,000.
The Broader Area of Placer and Sacramento Counties
- According to Metrolist MLS, there are currently 735 houses for sale in Placer County.
- 35 Homes decreased in price in the last 7 days
- 8 Homes increased in price in the last 7 days
- According to Metrolist MLS, there are currently 1,097 houses for sale in Sacramento County
- 100 Homes decreased in price in the last 7 days
- 14 Homes increased in price in the last 7 days
Mortgage Rates Via Freddie Mac's weekly PMMS® Data
Freddie Mac's weekly PMMS® Data for weekly average mortgage rates as of 9-21-23
Last Week's Stats
A Quick Peek at August's Monthly Stats
Homes For Sale In Roseville CA That Closed in August 2023
According to Metrolist MLS, 172 Homes sold in Roseville CA from August 1, 2023 – August 31, 2023 (compared to 182 in 2022 and wow! 241 in August 2019! Not a huge difference, but a notable difference nonetheless!
- Of the homes that sold, the prices ranged from $310,000 to $1,350,000 with an average price of $653,652 and a median price of $613,500. The cumulative days on market ranged from 1-407, with the average being 31 and the median being 17.
- Of the homes that closed –over 50 sold for less than the asking price, less than 50 sold for the asking price, and MOST sold for over the asking price! WOW!
- Of the homes that closed, most only got 1 offer but we did see over 60 get multiple offers ranging from 2 offers up to 7 offers!
Homes For Sale In All Of Our 55 plus Retirement Communities in Roseville CA That Closed in August 2023
According to Metrolist MLS, 17 Homes sold in Roseville CA from August 1, 2023 – August 31, 2023 (Compared to only 15 in 2022 and 14 in 2019!) GREAT NEWS for all my boomers and seniors looking to buy in our lovely 55 plus Retirement Communities in Roseville CA and the surrounding area!
- Of the homes that sold, the prices ranged from $410,000 to $815,000, with an average price of $559,100 and a median price of $510,000. The cumulative days on market ranged from 1-155, with the median being 19 and the average being 34.
- Of the homes that closed, 8 sold for less than the asking price, 3 sold for the asking price, and 6 sold for over the asking price!
- Of the homes that closed, 12 got 1 offer and 5 got multiple offers – 1 got 4 and 1 got 7 and 3 got 2.
BOTTOM LINE For Our 10-24-23 Real Estate in Roseville CA Area
You may have heard that the Fed did not make any change to the interest rates this week. But, as you can see in the chart above, the rates did get a tiny bump up anyway. Why? My guess would be that it's due to inflation. But Bankrate lists 3 possible reasons (and I'm guessing there can be other options as well. Happily, it's a very tiny increase!
And very interesting info on the monthly stats – especially seeing so many going for over the asking AND that we are still seeing plenty of multiple offers, tho neither are are for the HUGE amounts we WERE seeing the past couple of years. Very happy for all my buyers, for sure! They are definitely enjoying their lovely homes for reasonable prices 😊! Hooray!
Have a lovely week and again, HAPPY AUTUMN!
Curious about the difference between an average price and the median price? There's a great explanation at the Center for Real Estate at Wichita State University. Basically, “average and median are both measures of ‘central tendency,' in that they are intended to provide some indication of a typical or middle value of a set of data. The average is calculated by adding up all of the individual values and dividing this total by the number of observations. The median is calculated by taking the ‘middle' value, the value for which half of the observations are larger and half are smaller. When there is a possibility of extreme values, the median is generally the better measure to use.” And with all the extremes we are seeing in our area, THAT's why I generally use the median, although occasionally – like today – I will use the average as well. 😀
All reports and info presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
These figures and all figures in these articles include ONLY those homes on the MLS – a few of which may be brand new, most of which are traditional re-sale homes. 😊