LOCAL MARKET UPDATE 5-12-20Posted over 1 year ago
I hope you are all staying healthy and doing well during this unprecedented time we are going through.
Even though we must social distance and avoid in person meetings to the extent we can, real estate is still happening in our area.
Here are the numbers for our area - Fair Oaks, Orangevale and Citrus Heights - for the past week(ending 5/11/2020):
New Listings: 34
Already pending: 4 (12%)
Back On Market: 7
The number of new listings this week remains well below what we expect to see at this time of year, and with the holds stopping , it seems like folks are holding off on listing until the coronavirus restrictions are over. Folks are still shopping for homes, though with 12% of new listings already pending by Monday morning. Interesting is the number of homes in our region that are back on the market in the past week. It is significant that 7 escrows fell through.
We have 4 homes new on the market this week in our area with virtual tours. Take a look and let me know if you would like to see any of them.
1. 4468 San Juan Ave, Fair Oaks - $200K HOA includes water, trash, insurance and pool. Wonderful for first time home buyer or downsizing - is a PUD so can go FHA!
2. 8601 Lady Jane Way, Orangevale
Beds: 4 (6)
3. 8025 Sunset Ave