From our blog
July Market Update for Highland Reserve
Know what homes in your neighborhood are selling for.
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Happy 4th of July! The streets of Highland Reserve are once again red, white and blue. This year, I spent a lot of time thinking about how proud I am to live in this area. As I walked through the neighborhood, knocking on doors and having conversations with neighbors, I thought to myself that there is no better neighborhood.
What's going on in the community: Construction is moving along nicely near Top-Golf. New restaurants are beginning their tenant improvements in the two new retail buildings. Noah's Bagels, Peet's Coffee and Chipotle are reported to be there soon.
The market: We have run the second quarter numbers and homeowners should be delighted to hear that there has been another phenomenal spring in the neighborhood. Prices have increased and the average days on market is pretty much the same as it's been in the neighborhood for the last several years: fast. 22 homes sold in April, May, and June. The average sold price was $542,000 and it took about 19 days to do it. There was a slight compromise in sales price to list price percentage. Homeowners walked away with about 99.72% of what they were asking for vs. 100.08% in Q1. Is this a sign of the market slowing down?
My advice on the market: You'll soon hear talks of a shifting market. You'll hear that the market is normalizing. While this is certainly true that both buying and selling parties are beginning to stand on a level playing field, the market hasn't cooled off yet. Especially in this part of Roseville where the number of homes available is still quite low. If you're listing to statistics about the market, it's important to know that there are three levels to follow. Macro, Regional, and Micro. Macro would be the national or even state level. Knowing the Country's real estate market useful when preparing for new trends. Regional should really cover all of Roseville Area. You should know about Roseville, Rocklin and even parts of Sacramento County. Micro is Highland Reserve. There are enough homes selling in the neighborhood to warrant it's own Neighborhood Trends report. Make sure that when you are making real estate plans, you consider data points in all three of these markets.
Thank you for allowing me to be of service. I'm grateful every day for the opportunity to serve this community. Thank you, again, and I hope you consider me as your trusted guide in real estate whenever you are ready to "make the move."
- Geoff Goolsby
➡️ Average Sold Price= $542,000
➡️ List Price to Sale Price = 99.72%
➡️ Average Days On Market for Sold homes = 20
➡️ Average Sold Price= $549,000
➡️ List Price to Sale Price = 99.99%
➡️ Average Days On Market for Sold homes = 11
➡️ Average Sold Price= $500,500
➡️ List Price to Sale Price = 99.97%
➡️ Average Days On Market for Sold homes = 18
➡️ Average Home Price= $457,000
➡️ List Price to Sale Price = 100.56%
➡️ Average Days On Market= 21
➡️ Average Home Price= $455,000
➡️ List Price to Sale Price = 100.25%
➡️ Average Days On Market= 30
➡️ Average Home Price= $484,833
➡️ List Price to Sale Price = 98.99%
➡️ Average Days On Market= 25
Our goal is to send your report over within 24-48 hours. In the meantime, hear from our past clients about their experiences.