RealEstate Investing :Elk Grove CA Real Estate

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Have you been wondering about all the bank owned foreclosed homes and if there are any?  Well, here is a graph showing the inventory for Elk Grove, CA of foreclosed bank owned homes that were for sale from January 2009 to January 2010.  There were 240 REO homes for sale in Elk Grove in January 2009 which gave us at that time 1.5 months worth of inventory on the real estate market.

As of last month, the bank owned REO homes for sale in Elk Grove CA were 84 properties for sale which gave Elk Grove 1.3 months worth of inventory.

These graphs are for all of Elk Grove, CA

95624

95757

95759

Not let’s compare Short Sale in Elk Grove for all three zip codes from January 2009 through January 2010

As you can see March 2009 there was 390 Short Sale homes for sale with 11.5 months of inventory on the market.

January 2010 we slipped to 223 Short Sale homes for sale in Elk Grove bringing the inventory down to 4.6 months worth of inventory

And now we will take a look at single family homes for sale in Elk Grove, CA that were NOT Short Sales and NOT bank owned foreclosed homes for sale.  What those of us in the business refer to as a traditional sale.



The traditional single family homes for sale in January 2009 was 370 for Elk Grove, CA and last month, January 2010 there were 119 homes for sale.

As you can see there are fewer homes for sale in Elk Grove from a 14.8 month inventory to 2.1 months of inventory. 

However, the records show 25 homes sold in January 2009 compared to 57 homes sold in January 2010.   July of 2009 had the record of sold homes which was 74 homes.

According to the tax records there are 1,000 Elk Grove homeowners who are in Preforeclosure at this time.  And 1,000 bank owned REO foreclosed homes.

If you would like to view homes for sale, look for foreclosed homes or short sale homes in Elk Grove and be sure to check out the newest Elk Grove CA homes for sale.  If you need any help setting up your home search and want the latest property listings in your email just contact your Realtor, Gena and she will set it up for you.

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