What's My Penryn California Home Worth? Market Report for November 2015.
- Properties currently Active on the market: 16
- Single-family properties closed in October: 1
- Average increase in sale price the last 12 months: Too few sales skew this average.
- Average sales price: $755,000
- Average list price: $723,000
- Average sales price to list price ratio: 82%
- Average days on the market: 62
- Active listings under contract: 5
- Penryn California Inventory: 16 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)
Penryn California is in a normal market currently, but there has been decreased activity the last few months. While the list price compared to the sales price average is high, the average days on the market suggest that buyers are willing to submit offers even though many homes may be overpriced. The discrepancy in List versus Sale Price is due to the amount of homes listed between $700,000 and $1,300,000. These homes take much longer to sell and the majority of the homes that do sell are under $1,000,000. In most areas the sold versus list price is usually between 97% and 99%. In Penryn the custom and semi custom homes are much more difficult to value because each one is unique. Because of this Realtors and sellers tend to error on the side of caution and will often overprice a property to make sure the seller receives the best terms possibly. Sometimes they miss the mark and the homes sell for well under the list price or very few homes sell. In October of 2015 one one home sold in Penryn. This is why the average home in Penryn sold for an average of 82% of the list price in October.
Wondering what your Penryn California home is worth? Just click this link or type your address into the photo below and you will receive your home valuation instantly. This is only an estimate. For an accurate value I will need to view the home in person so that a I can complete a detailed no obligation analysis of your Penryn home's current value.
With quick access to I80, Downtown Sacramento, the Bay Area, mountains, dining, great schools, and the Roseville Galleria, buyers flock to Granite Bay. That coupled with great family homes and luxury homes makes Penryn California very desirable. It is possible for buyers to find good homes between $300,000 and $500,000. Most Penryn homes are priced between $500,000 and $1,000,000. For luxury home buyers there are many wonderful Penryn homes priced bewteen $800,000 and $1,300,000.
While the housing market is steady right now, buyers have become more particular than ever. Making updates such as adding granite counter tops and stainless steel appliances can really set your Penryn home apart which in turn increases what your home is worth.
With 94% of buyers beginning their home search on the internet, sellers need their homes to have the best coverage possible on-line. This goes way beyond just syndicating listings to other websites.
The homes that have the best coverage on the internet are the ones who get the most traffic and as a result multiple offers. Sellers want to make sure the photographs are professionally done showcasing the many features of their homes. Additionally, you want your home to stand out from the others in your neighborhood with a single-property website. Just click the link to be taken to one example of the ways I market your Penryn home.
One of the best ways to bring attention to your Penryn California home is to have an agent who is using the newest technology to get the word out about your home. This includes the use of social media and blogging. Something not many listing agents in the Penryn housing market are doing.
Check out the Penryn homes for sale webpage on our site. It's easy to see why our website gets thousands of clicks each month. This provides your listing with exposure to home buyers all over the country.
When you are ready to sell your Penryn home, contact Jesse Coffey at (916) 872-7775.