Placer County Market Update: Median vs. Luxury Homes 🏡💰 | Insider Tips & Trends!

Welcome to my latest real estate market update! 🏡 In this video, I'll dive into current market trends in Placer County, give you a peek at the median-priced home, and showcase the most expensive home sold recently. 🏠✨

*Weekly Market Update:*
🆕 167 new listings in the last seven days.
📝 120 pending listings, contributing to a total of 276 active listings.
📉 105 price drops, indicating a significant portion of properties adjusting their prices.

*Closed Listings:*
🎉 999 homes closed escrow this week. It's always exciting to hand over the keys and see the joy on my clients' faces. A special shout-out to my team for their hard work, especially in the Vintage Park and Sacramento areas! 🌟

*Median Home Details:*
🛏️ 3 bedrooms, 🛁 3 bathrooms, about 2,043 sq ft of living space on a 7,500 sq ft lot.
🏷️ Listed at around $675,000 but tend to sell for about $645,000, often within just seven days on the market. ⏳

*Days on Market:*
📅 79% of homes sell within the first 30 days, often for more than the asking price. 💰
🏷️ Homes on the market between 31 and 60 days tend to sell for slightly less, at about 98.94% of the list price.

*Buying Strategy:*
🔍 If you're looking to buy and want to score a deal, focus on homes that have been listed for over two weeks. These properties are likely to see price drops, giving you a better opportunity to negotiate a favorable price. 🤝

I'll also be showcasing a median-priced home sold recently in Rocklin and an exquisite high-end home with stunning features and breathtaking views. 🏞️ Stay tuned for all the details, and don't forget to like 👍, subscribe 📬, and click the bell 🔔 to stay informed with the latest market updates. Thank you for watching! 🙏