Zillow rates real estate activity in Elk Grove's three zip codes as neutral, warm



For the period ending June 30, 2019, Seattle-based Zillow.com rated real estate activity in two of three zip codes in Elk Grove's as warm and the other as neutral. A warm rating is considered slightly favorable to sellers.  

The report estimates that the median value in 95757, which is rated as warm, is $484,000 and home values have increased 1.7-percent in the last 12 months. Based on their analytics, Zillow estimate prices will increase 0.5-percent within the next year, and in a sign of slowing activity, 14.2 percent of listings had price cuts, which is an increase from12.7-percent in the March 2019 report.  

The balance of the Laguna area in zip cope 95758, which Zillow rated as neutral, saw a median value of $399,800 and home values had increased 2.9-percent annual increase and was the largest increase of the city's three zip codes. Median values are estimated to increase 1.2-percent in the next 12 months, and 12.7-percent of listing have had listing price cuts, which is lower than March's 16.7-percent. 

In the city's more established neighborhoods in East Elk Grove and the rural Sheldon area, or Old Elk Grove as it is now known, the report showed the median value of $436,600 and prices have appreciated 2.2-percent on an annual basis and was rated as warm. Prices are expected to appreciate 0.7-percent in the next 12 months while 15.6-percent had listing price cuts, which increased from 11.9-percent in March.  

Regarding so-called underwater mortgages, the rates of homes with negative equity in 95624, 95757, and 95758, respectively is 5.2, 4.5, and 6.1-percent, all unchanged from March. 

See video below for more graphs from Zillow.   





Copyright by Elk Grove News © 2019. All right reserved.










Post a Comment Default Comments

Follow Us



Popular

Archives

Corrections

Available on Amazon

Available on Amazon
New children's book - Click on image to purchase

Elk Grove News Minute

Embed Music - Download Audio -
All previous Elk Grove News Minutes, interviews, John Hulls Sports Minute, and Dan Schmitt's Ya' Gotta be Schmittin' Me podcasts are now available on iTunes

Elk Grove News Podcast

Listen Music - Podcast Hosting -
Listen to other podcasts in our archives here

John Hull's Elk Grove Sports Minute

Ya' Gotta be Schmittin' Me Podcasts





item
[image src="IMAGE LINK"/] google.com, pub-5438620617508054, DIRECT, f08c47fec0942fa0