Tuesday, May 22, 2018

Placer County 1st Quarter Update - Real Estate

Re/Max Gold - Chad Phillips

It should be to no surprise that our real estate market is strong and continuing upward.  I pasted 3 graphs below to help illustrate what is more precisely occurring.   I want to point out on the last graph.  The sales price vs list price for the month of April was at 100%.  This is something to take note of and it means that properties are being priced appropriately and there's little to no room to negotiate as a buyer.  Well priced properties are selling over asking with multiple offers.  
You can see on the 2nd graph that the average price sqft has continued to climb with only a little dip in Dec. 
We have the influx of buyer from the bay area and the millennial buyers are a growing market segment.  It looks like we'll have a continued strong year, too early to say for next year.  I'm always skeptical because I know the real estate market is cyclical and we're about due for a correction.
To bring this current, I've notice a slow down over the past week or so.  I think its attributed to all the graduations and holiday weekend coming up.

If you have any real estate questions, feel free to contact me.

For Sale Vs Sold & Pending

Average Price Per Sqft

Average Days on Market / Sales Price vs. List price

Chad Phillips Real Estate Broker Associate, Re/Max Gold
916-390-1476 | 2998 Douglas Blvd #125 Roseville CA. 95661 | chad.remaxgold@gmail.com | www.RealEstate-Roseville.com
 LIC # 01405825