Granite Bay Market Report – February 2019

Single Family Homes in Granite Bay

Granite Bay Market Report – Real Estate Market

The Granite Bay Market Report was prepared by Leilani Souza.

What is the real estate market like in Granite Bay, California? According to market data from February 2019, Granite Bay has 3.5 months of inventory. This number represents a Neutral Market in Granite Bay, CA. It is a good place to be for both buyers and sellers.

How do we calculate the months of inventory? Find out in the next section.

Granite Bay Market Report – For Sale / Sold / Pending

The number of properties for sale divided by the number of properties sold equals the months of inventory. It is a Neutral Market when there are 3-6 months worth of inventory. A Buyer’s Market is when the current inventory exceeds 6 months. When there is less than 3 months of inventory, it is a Seller’s Market.

• 70 homes for sale in Granite Bay, CA
• 20 homes sold in Granite Bay, CA
• 28 homes pending in Granite Bay, CA

Compared to 1 month earlier, homes for sale are up 45.8%, homes sold are up 66.7% and homes pending are up 64.7%.

Compared to 12 months earlier, homes for sale are up 20.7%, homes sold are down 42.9% and homes pending are down 15.2%.

Granite Bay Market Report – Average Price For Sale / Sold

The average for sale price is Neutral and the average sold price is Neutral.

• $1,303,000 average price of homes for sale in Granite Bay, CA
• $863,000 average price of homes sold in Granite Bay, CA

Compared to 1 month earlier, the average for sale price decreased 12.5% and the average sold price increased 3.1%.

Compared to 12 months earlier, the average for sale price decreased 0.8% and the average sold price decreased 3.4%.

We hope you found this Granite Bay Market Report to be a helpful resource. The charts above show the real estate activity for single family homes in Granite Bay, CA. Contact us if you’d like to know the value of your home, condo, land or rental property. If you want more information about a specific neighborhood or if you have any questions, we’d love to hear from you too!

Bob Souza (925) 513-3400
Leilani Souza (916) 408-5500

Interested in the latest news about the Granite Bay real estate market for homes, condos and land? Visit the Granite Bay – Placer County, California Real Estate section. Here is a list of February 2019 Market Reports for the surrounding areas:

• Auburn Market Report
• El Dorado Hills Market Report
• Folsom Market Report
• Foresthill Market Report
• Lincoln Market Report
• Loomis Market Report
• Meadow Vista Market Report
• Newcastle Market Report
• Penryn Market Report
• Rocklin Market Report
• Roseville Market Report

All reports are published March 2019, based on data available at the end of February 2019. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.