Luxury Market Update - May 13th

Welcome to the Monthly Market Update! I'll give you market insights, and update you on any new luxury homes for sale in the South Placer area. I focus on Granite Bay, Rocklin, Roseville, Loomis, and parts of Lincoln periodically. Homes for review and reporting must meet a minimum price point of $1,000,000.

Currently there are 44 million dollar homes available for sale in the South Placer County. The majority of homes are located in Granite Bay, and Loomis respectively. While 44 of the homes are traditional sales, there is one available short sale in Granite Bay located near Cavitt Stallman. In addition to the available properties, there are 3 short sales with seller accepted offers, and another 13 homes officially in escrow (Pending). Only 4 homes have been listed within the last week which is in line with market averages.

Some exquisite homes are currently available in Los Lagos, Wexford, Douglas Ranch, and Eden Roc. Other custom homes are located throughout the area. Please contact me directly if you would like an appointment for a private tour of any available homes. 

The local high end market has remained stable over the last 12  months. The number of $1 million+ homes that sell each month has averaged 4.5, and averaged an available inventory of 50.25 homes. The average selling price has averaged between a low of $1.11 million in April 2011, and a high of $1.496 million in March of 2012. Current average as of April 2012 statistics is $1.148 million.

Overall the high end market appears to be holding stable which is excellent news for anyone looking to sell a luxury home. In this challenging market, sellers will need to be patient, and hire an agent knowledgeable in the market area and currently completing homes for sale. Average time on market varies greatly, and is most influenced by a competitive price from day 1 of a listing and a strong marketing plan.

Contact Zac Bacon, an Associate Broker with Keller Williams Realty for more information.

"Your local professional for South Placer Luxury Properties"

We can assist you in purchasing a luxury home for sale, or if you are a home seller, we will list your home to sell for the best possible price in a challenging market. We have a proven track record of satisfied clients, and Zac personally has over a decade of experience in the South Placer County region.

I believe in setting a new standard for real estate agents, and in taking the best care of my clients. I do this by only engaging in win-win situations, and by providing honest guidance through challenging markets. Let my team and I handle your home sale with the utmost care!
 

Contact me at (916) 677-9813 or visit my Website for more information!