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Home Prices in Northern CA
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Granite Bay, CA
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Market Conditions for Granite Bay, California
Reported by Ginger Hopp, Broker
Realtor and Loan Officer | |
The median price in Granite Bay is $910,000. approx. while the average price Sold was $980,000. SOLD prices ranged from
as low as $325,000 for a small fixer home and up to $1,999,000. for a lovely Country Equestrian Estate. Interestingly, the
listing inventory offeres more than 200 properties with an average asking price of $1,300,000.
Historic Fed Move Cuts Both Ways for Borrowers
Hot on the heels of its surprise inter-session
rate cut of 75 basis points last week, the Federal Reserve cut key interest rates again, the fifth straight cut since September
2007. In its statement last week, the Fed said it had decided to cut the federal funds rate "in view of a weakening of the
economic outlook and increasing downside risks to growth." In other words, economic data suggests the US is on the brink of
recession, and the Fed is acting accordingly.
If you are a seller, you need my experience as a successful Realtor
with expertise as a negotiator and advertising specialist. My know-how and meticulousness is very thorough and will help you
achieve your goals - whether it is in selling or buying property in this magnificent Gold Country. Give me a call today at
(530) 432-8444
The resiliency of the housing sector continues to amaze everyone and Upper-End Home Sales Remain comparatively
Brisk in a few Northern CA communities. The increasing numbers of step-up home buyers, "those Baby-Boomers", are often particularly
persistent in finding and purchasing their next dream home. While the rest of the Sacramento Valley is taking huge price drops,
Granite Bay is not being beat up as badly.
A property which hasn't sold in the average time period, may still be priced
too high for today's market which is being flooded with bargain priced foreclosures and other Bank-owned properties.
This
is a VERY GOOD TIME TO BUY... so hurry, before prices go up. Home sales have been slow, YES ... like most US cities have been
experiencing.
Contact me if you need information on any foreclosure data and we can make a plan for your benefit. It's
a Buyer's paradise out there!
For More Information:
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