Posts

Showing posts from December, 2024

Elk Grove’s Bright Future: A Vision for Growth and Community

Image
Elk Grove is on the map in more ways than one, and its future looks incredibly promising. We recently heard  City Council Member of  (District 4), share exciting updates about new developments, growth initiatives, and improvements that are coming to our community. I couldn't help but to start to take notes to share with the community. District 4: A Quiet, Growing Community District 4 covers areas from Elk Grove Boulevard to Whitelock Parkway and Rancho Verde, a newly developing neighborhood with quiet surroundings and great potential. New Developments That Will Elevate Elk Grove Project Elevate : A transformative mixed-use development that will include shopping, a hotel, and even rooftop dining—similar to the vibrant feel of downtown Sacramento. With two investors ready to bring the project to life, this space (near District 56 and Raw Sushi) will be a major community hub. The New Zoo : A massive project in Elk Grove with a 30-year bond and a $300 million price tag for its ...

A Resource for Buyers: Exploring the Average Price of Duplexes & Triplexes in Elk Grove, CA

Image
The real estate market in Elk Grove, particularly for duplexes and triplexes, has been dynamic and promising for buyers in search of multi-family investment opportunities. Between 2023 and 2024, nine duplex and triplex properties were sold in the 95624 zip code, offering valuable insights into the current market. Key Market Insights     1.    Average Price of Duplexes Based on recent sales data, the average sales price for duplexes and triplexes in Elk Grove (95624) is $577,444. This figure reflects the diverse pricing of properties ranging from $650,000 to $725,000.     2.    Median Price The median price for these properties is $690,000, highlighting strong demand and competitive pricing in this area.     3.    Quick Turnover With all but one of the properties selling in under 30 days, it’s evident that these homes are in high demand, making them a valuable option for buyers looking for both primary residence and investment o...