JANUARY 2024 NEWSLETTER

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Welcoming 2024, there's an amazing positive energy everywhere I turn. Chatting with friends, workmates, and family, everyone's really dialed in on making this year exceptional. It's like people aren't just hoping for a great year; they're actively planning for it with real intent. What's caught my attention is how many couples are saying, "This is the year we are buying our house!" That's a fresh perspective – I haven't heard that much at the start of previous years. So yeah, there's this cool, upbeat vibe about 2024 that's hard to miss!

As for the Great Sacramento Region's real estate market – the December trends are outlined below. We will have a 2023's entire market update for you by next month's edition. In this month's January newsletter, I'd like to share a few "intentional" mindful tips to help set your year's trajectory, along with some local and seasonal articles, this month's Eye Candy of the Month, and ending it with Sotheby's global partner calendars.

Warm regards,

Mercedeh Sheik

Latest with Mercedeh

This year, 2024, marks a significant milestone for me. I am hyper focused on a challenging yet exhilarating goal: to double my current volume and transactions in the real estate arena. Honestly, It is scary to be sharing and putting it out there! Yet, this ambitious target is not just a measure of growth but a testament to my commitment to excellence in serving a broader community.

Achieving this will require more than just determination and hard work; it necessitates the invaluable support of you, my trusted network. Your referrals, recommendations, and belief in my services are essential. When you or someone you know contemplates real estate decisions - whether it's buying, selling, or investing - I humbly ask that you think of me.

In partnership with Sotheby's International Realty, I am equipped with a global network and unparalleled resources to provide top-tier service, both locally and internationally.

Your support is not just appreciated; it is fundamental to this journey. Together, let's make 2024 a landmark year of success and mutual growth!

Market Updates

Greater Sacramento Region

Market Type:

Seller's Market

Homes for Sale:

1,833 units.

Down 21.2% from last month.

Down 25.7% from last year.

Homes Closed:

1,054 units.

Down 2% from last month.

Down 14.7% from last year.

Homes Placed under Contract:

994 units.

Down 8.6% from last month.

Up 8.3% from last year.

Average Sold Price per Square Footage:

$326.

Down 1.8% from last month.

Up 4.8% from last year.

Continuous Days on Market:

40 days.

Up 33.3% from last month.

Down 16.7% from last year.

Sold/Original List Price Ratio:

97%.

Unchanged from last month.

Up 4.3% from last year.

Average For Sale Price:

$873,000.

Up 2% from last month.

Up 11.1% from last year.

Average Sold Price:

$634,000.

Down 2.5% from last month.

Up 5.5% from last year.

Months of Inventory Based on Closed Sales:

1.7 months.

Down 23.1% from last month.

Down 15% from last year.

Placer, Sacramento, El Dorado Counties

Combined Tri-Counties Single-Family Home Stats

Number of Homes For Sale/Sold/Pending

Average Price Per SQFT (SOLD)

Average Closed Days on Market & SOLD Price vs. LIST Price

Average Price For Sale & Sold

Months of Inventory Based on Closed Sales

Buyer's Market: More than 6 months of inventory based on closed sales.

Seller's Market: Less than 3 months of inventory based on closed sales.

Neutral Market: 3 - 6 months of inventory based on closed sales.

Get Intentional in 2024

Mindset | Gratitude| Wellness

Vision Board for Manifestation

National Vision Board Day is the 2nd Saturday of January. {Sat Jan. 13th} Create your 2024 Vision Board with the help from Oprah Winfrey!

How to Help Your Child Set and Reach Goals

Helping children set goals has huge benefits for their self-esteem. It also teaches them an essential life skill that underpins much academic and workplace success.

The Ultimate Gratitude Journal Guide

Many people have great intentions when wanting to practice gratitude, but unfortunately they do not go about it the right way. Here is how!

Get Local & Go Seasonal

Travel | Food | Entertainment

Fight off the flu with immune-boosting nutrients

While having a healthy immune system is a plus during the season of colds and flu, consider these tips for keeping your immune system strong throughout the year.

The 7 Best Lake Tahoe Ski Resorts

From big and legendary to small and epic, Lake Tahoe is home to a dizzying number of worthy ski resorts—but these seven reign supreme.

Ceiling fan can save money as the weather gets colder

Using a ceiling fan in the winter may seem counterintuitive, but it could save you as much as 15% on your heating bills. Here is a great video!

Seven tips to prepare for spring sale

Prioritizing personal circumstances is one of the best ways to determine when to sell a property.

Despite high prices being recorded in many locations, plenty of homeowners have held on tightly since mid-2023 in order to avoid the 22-year high interest rates of 7% to 8%.

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