Tuesday, July 2, 2024

"Elk Grove: A Tourists Delight"

The City of Elk Grove is transforming right before our eyes. Here's a outline of plans that are in the works. 


Sky River Casino

Initial Development: Construction will begin with a parking garage.
Future Plans: Plans include a hotel, conference center, and additional property acquisitions around the casino, totaling 30 acres. There is also an option to acquire over 70 acres.
Entertainment and Recreation: The site will feature a music center, water park, and is strategically located near the future zoo, which has all its approvals and is currently fundraising.
Ownership: The landowners are also the owners of Delta Shores.
Vision: The mayor envisions the Elk Grove Zoo as a major destination spot. 


Project Elevate (Elk Grove)  

Ownership: City of Elk Grove
Vision: The project aims to replicate the vibrant, urban feel of Midtown Sacramento in Elk Grove.
Developer: A developer from Southern California has been onboarded.
Construction Timeline: Groundbreaking is scheduled for 2025.


Elk Grove Housing Market

  • Properties in the area are selling over the median home price of Sacramento $500,000, including bare land. However, there are currently three residential properties in the following three Elk Grove zip codes (95624, 95757 and 95758) that are selling under $500,000. I'll share those properties: 9549 Colton AveElk Grove, CA 95624, 9613 Melrose AveElk Grove, CA 95624, 6484 Laguna Mirage LnElk Grove, CA 95758
  • Many development plans have been kept under wraps, but investigative reporting by the Sacramento Journal has brought them to light.

Conclusion

The city of Elk Grove is poised for significant growth and development. From large-scale residential projects and research hubs to entertainment centers and infrastructure improvements, these developments promise to transform the area, enhancing livability and economic vitality. Keep an eye on these projects as they progress, shaping the future of the City. 


With Appreciation,


Tavon Willis 

DRE:02095751


Wednesday, February 28, 2024

Elk Grove Real Estate Market Update (95758)

In the heart of California's vibrant landscape lies Elk Grove, a city bustling with life and opportunity. Within its confines, the 95758 zip code stands as a testament to the enduring spirit of progress and prosperity.

As the sun sets on another month in Elk Grove, the real estate market in 95758 shines brightly with promising figures. With 21 total sales recorded in the past month, the community has witnessed a steady stream of transactions, reflecting a robust demand for homes in the area. Among these sales, the median price stands tall at $600,000, a testament to the value placed on the homes within this thriving enclave.

Yet, amidst the flurry of activity, the market remains balanced, with 73 active homes awaiting eager buyers. Each property tells a story of its own, from cozy bungalows nestled in quiet cul-de-sacs to sprawling estates adorned with manicured lawns and swaying palm trees.

One cannot overlook the remarkable appreciation in property values, as evidenced by the $344 per square foot at which homes are selling. With the average home boasting 1,833 square feet of living space, buyers are drawn to the allure of spacious interiors and modern amenities. This marks an 8% increase from the previous month's median sales price, reflecting a dynamic market responding to the evolving needs and aspirations of its residents.

Looking back, the resilience of Elk Grove's 95758 zip code is truly remarkable. Just a month ago, the community saw 19 total sales, already signaling a promising trajectory. And compared to this time last year, when homes were priced at around $540,000, the year-over-year increase of 11% speaks volumes about the enduring appeal of this vibrant locale.


Behind these statistics lies a trend of growth, opportunity, and community. From young families seeking their first home to seasoned investors eyeing lucrative opportunities, Elk Grove's 95758 zip code welcomes all with open arms.

As the days unfold and the seasons change, one thing remains constant—the unwavering spirit of Elk Grove, embodied by the resilient community thriving within the bounds of the 95758 zip code. In every transaction, in every square foot of living space, lies the promise of a brighter tomorrow—a testament to the enduring legacy of this dynamic city.


In the heart of California's vibrant landscape lies Elk Grove, a city bustling with life and opportunity. Within its confines, the 95758 zip code stands as a testament to the enduring spirit of progress and prosperity.

As the sun sets on another month in Elk Grove, the real estate market in 95758 shines brightly with promising figures. With 21 total sales recorded in the past month, the community has witnessed a steady stream of transactions, reflecting a robust demand for homes in the area. Among these sales, the median price stands tall at $600,000, a testament to the value placed on the homes within this thriving enclave.

Yet, amidst the flurry of activity, the market remains balanced, with 73 active homes awaiting eager buyers. Each property tells a story of its own, from cozy bungalows nestled in quiet cul-de-sacs to sprawling estates adorned with manicured lawns and swaying palm trees.

One cannot overlook the remarkable appreciation in property values, as evidenced by the $344 per square foot at which homes are selling. With the average home boasting 1,833 square feet of living space, buyers are drawn to the allure of spacious interiors and modern amenities. This marks an 8% increase from the previous month's median sales price, reflecting a dynamic market responding to the evolving needs and aspirations of its residents.

Looking back, the resilience of Elk Grove's 95758 zip code is truly remarkable. Just a month ago, the community saw 19 total sales, already signaling a promising trajectory. And compared to this time last year, when homes were priced at around $540,000, the year-over-year increase of 11% speaks volumes about the enduring appeal of this vibrant locale.


Behind these statistics lies a narrative of growth, opportunity, and community. From young families seeking their first home to seasoned investors eyeing lucrative opportunities, Elk Grove's 95758 zip code welcomes all with open arms.

As the days unfold and the seasons change, one thing remains constant—the unwavering spirit of Elk Grove, embodied by the resilient community thriving within the bounds of the 95758 zip code. In every transaction, in every square foot of living space, lies the promise of a brighter tomorrow—a testament to the enduring legacy of this dynamic city.


Contact me today if your looking to view properties in this thriving community,


Tavon Willis,

Realtor

DRE:02095751


Elk Grove Real Estate Market and Upcoming Events!

We're excited to share the latest real estate update for Elk Grove, specifically (95757) area. Here's a snapshot of the key highlights from last month:

  • Total sales: 23
  • Median sales price: $765,000
  • Active homes currently available: 73
  • Average selling price per square foot: $301
  • Average size of homes sold: approximately 2,525 square feet

Notably, there has been an impressive 11% increase in the median sales price compared to the previous month, which stood at $685,000. This indicates a thriving real estate market in our area.


Notable Community events this week


  • February 28 - City Council Meeting (6 p.m.): Join us for the Elk Grove City Council Meeting, where important matters concerning our community will be discussed. Your participation and input are valuable to us.
  • February 29 - Coffee with a Cop (7:30 a.m.): Start your leap year day off right by joining us for a cup of coffee and casual conversation with our local law enforcement officers. This is a great opportunity to connect with those who serve and protect our community.
  • March 2 - First Saturday Art Reception (4 p.m.): Explore the vibrant arts scene in Elk Grove at the First Saturday Art Reception. Join us for an evening of creativity and appreciation for local artists' works.
  • March 3-6 - Tire Collection Event at the Special Waste Collection Center: Dispose of your old tires responsibly at the Tire Collection Event held at the Special Waste Collection Center. Let's work together to keep our environment clean and safe.
  • March 6 - Food Truck Mania (5 p.m.): Indulge in delicious food and enjoy the company of friends and family at Food Truck Mania. With a variety of culinary delights on offer, there's something for everyone to enjoy.


If you have any questions or would like more information, feel free to reach out. Stay tuned for more updates, and thank you for being a part of our community.

DRE#02095751

Monday, January 22, 2024

The Remarkable Journey of Real Estate in Sacramento: A Century of Appreciation

As we reflect on the past and look towards the future, it's fascinating to consider the journey of real estate in the greater Sacramento area over the last century. The numbers are truly remarkable - real estate has appreciated significantly, witnessing a growth of 100 times over the past 100 years. This photo found by real estate appraiser/analyst Ryan Lundquist (Sacramento Appraisal Blog), shows that in 1924 properties in Oak Park were selling around $4,000. It also shows that homes in North Sacramento were selling below $3,000. Both of these locations in Sacramento are now selling well over $400,000. A 100x appreciation for homeowners and generational owners proceeding.


This substantial appreciation can be attributed to various factors, including economic development, population growth, and the unique charm that Sacramento offers. As homeowners and future homeowners, it's essential to understand the historical context and appreciate the long-term value that real estate has provided in our community.

I would love to hear your thoughts on this incredible journey and your expectations for the future of real estate. What are your views on the appreciation of real estate over the last century, and how do you see it evolving in the next 100 years? It's a topic that sparks curiosity and discussion, and your insights would be valuable.


Looking ahead, one can't help but wonder about the potential benefits of real estate ownership in the coming century. While predicting the future is challenging, the historical trend suggests that real estate has been a solid investment over the long term. As homeowners, we may continue to see growth and opportunities for wealth creation through strategic property ownership.

I'm eager to hear your thoughts on this matter and explore how we can navigate the evolving landscape of real estate together. Whether you have specific questions or would like to discuss your individual goals, I'm here to assist and provide guidance.

Thank you for your time, and I look forward to our ongoing conversation.

Best regards,

Wednesday, December 27, 2023

Making a Seamless Transition: Tips for Streamlining the Buy-Sell Process


In today's dynamic real estate market, the 'Buying Before Selling' approach has emerged as a strategic game-changer. This method alleviates the pressure of finding a new home after selling and offers significant advantages that can be maximized with the right guidance. As a real estate agent, I understand the complexities of this process and am here to guide you through every step, ensuring a smooth and beneficial transition.

Steps and Benefits of Buying Before Selling

  1. Unlocking Equity with Ease

The first step in this journey involves unlocking your home's equity, a crucial asset in purchasing your new dream home. HomeLight’s Buy Before You Sell Program, for instance, evaluates your property and reveals the amount of equity you can utilize. This is where an agent’s expertise becomes invaluable, especially in calculating your equity accurately. Visit Tavon Willis’ HomeLight Buy Before You Sell Page to understand how much you can invest in your next property.

  1. Buying with Confidence

Once your equity is unlocked, the next step is to make a strong offer on your new home without a home sale contingency. This aspect is particularly advantageous in a seller's market where contingencies can weaken your offer. As your agent, I can assist you in making a compelling offer that stands out, ensuring you secure your dream home with confidence.

  1. Selling with Peace of Mind

Finally, selling your current home should not be a stress-inducing process. With your home vacant, it can be listed and presented in the best light, attracting strong offers. This step also benefits from an agent’s expertise in marketing and negotiating to maximize your sale price.

Navigating the Process

Current Market Insights

Recent data from the Mortgage Bankers Association indicates a significant number of mortgage purchase applications, standing at 1.88 million as of the week ending November 4, 2023. This, coupled with an average mortgage rate of 6.53% for a 30-year fixed-rate mortgage, suggests a highly active market, making the timing of your transactions crucial.

Personalized Guidance

Every step of this process, from equity evaluation to final sale, requires personalized guidance. As experts in California's real estate market, my team at All City Homes and I offer tailored advice, aligning your unique needs with current market trends.

Concluding Insights

In conclusion, buying a new home before selling your current one offers numerous benefits, including financial leverage, market advantage, and peace of mind. However, navigating this process requires expertise and strategic planning. As an experienced real estate agent, I am committed to ensuring your journey is as seamless and profitable as possible. 


Get started today by visiting my HomeLight Buy Before You Sell Page, and let’s embark on this exciting journey together.


Sunday, December 10, 2023

Buying or Selling a Home? Here's why you should buy a Home Warranty Plan

The Financial Impact: A Closer Look at Potential Costs

For Future Homeowners and Sellers:

While the benefits of a home warranty plan are evident, understanding the potential financial impact of not having one is important to protect your bag. Unexpected repairs can put a significant dent in your finances, and without a safety net, homeowners may find themselves grappling with hefty bills. Let's take a deeper dive into some common scenarios:

  • Plumbing Repairs: The average cost for plumbing repairs is around $475, but if the entire system needs replacement, homeowners might face a bill exceeding $2,000.
  • Heating System Issues: A malfunctioning heating system can set you back $775 for repairs and over $4,000 for a complete replacement.
  • Cooling System Challenges: Repairing a cooling system can cost approximately $950, while a replacement may soar well above $3,500.
  • Water Heater Woes: A faulty water heater can lead to expenses of around $595 for repairs and over $1,600 for replacement.
  • Electrical System Concerns: Addressing electrical system issues may result in costs of about $405 for repairs and over $2,000 for a complete replacement.
  • Appliance Hurdles: Repairing major appliances like ovens, ranges, cooktops, and refrigerators can be substantial, ranging from $885 to $3,000 depending on the appliance.

Fidelity Title's Comprehensive Coverage:

It's clear that the potential costs of home repairs are not to be taken lightly. Fidelity Title's standard coverage acts as a robust shield against these financial uncertainties. Encompassing a wide array of systems and appliances, including plumbing, water heaters, heating systems, electrical components, kitchen appliances, and more, it offers a comprehensive safety net for homeowners.

Closing Thoughts:

In conclusion, the decision to invest in a home warranty plan isn't just about avoiding unexpected expenses; it's a strategic move that adds value to the entire real estate transaction. Both sellers and future homeowners stand to gain significantly from the peace of mind and financial protection that a home warranty plan provides.

As you continue, consider adding real-life scenarios or testimonials to illustrate how a home warranty plan has positively impacted homeowners and sellers. This can make your blog post more relatable and persuasive.





Wednesday, October 18, 2023

7 Strategies for Selling your Home

Selling a home can seem like a daunting process, but with the right strategies, you can maximize your chances of a once in a life time profitable sale. Here are seven strategies to help you sell your home:

            

 1. Pricing your Home right: Have your trusted agent (me) do a comparative market analysis (CMA) to determine the fair market value of your home. A comparative market analysis involves assessing recent sales of similar properties in your area. Some homes are currently staying on the market due to overpricing in a changing rate environment. 


 2. Improve curb appeal: First impressions matter. Enhance your home's curb appeal by maintaining the front yard, painting the front door, and fixing any exterior issues. Landscaping, fresh paint, and small investments in exterior improvements can make your home more attractive to buyers.

 3. Stage your home: Consider staging your home to make it more appealing to potential buyers. Staging involves arranging furniture, decor, and lighting to showcase the home's best features. Neutral colors and minimalistic designs often work best to appeal to a wide range of tastes. Did you know that homes stage sell about 80% faster than homes not staged?
 

 4. Professional photography: Invest in high-quality professional photography to showcase your home online. Many buyers start their search on the internet, and attractive photos can make a significant difference in the amount of views your property gets.

 5. Marketing and exposure: Utilize online real estate platforms, social media, and traditional marketing methods to reach a broader audience. Consider creating a dedicated website or virtual tour to showcase your property. *Our brokerage offers each listing their own property website for example www.123street.com so people across the world can view your property.


6. Make necessary repairs and upgrades: Address any major issues and undertake cost-effective upgrades that can increase the appeal of your home, such as fixing leaks, updating fixtures, or applying a fresh coat of paint. In a balance market, not a sellers market this will save sellers equity, because if the repairs aren't taken care of buyers can use the repairs as a method of concessions.

7. Work with a hungry but trust worthy real estate agent: hiring a real estate agent can be invaluable in navigating the selling process. Hiring an agent that treats your property and profitability as if it's their own make all the difference. A realtor will be able to provide insights into local market trends, assist with pricing, handle negotiations, and help with paperwork and legal requirements.





7 Strategies for Saving towards Homeownership


Saving up to purchase a home can be a significant financial goal. Here are seven strategies to help you achieve that goal:

1. Set a Clear Budget: Define your budget and determine how much you need to save for a down payment, closing costs, and other related expenses. Having a clear target will help you stay motivated and focused. On your free time stay focused by watching financial guru's such as Dave Ramsey.


2. Create a Dedicated Savings Account: Open a separate savings account specifically for your home purchase fund. This separation will make it easier to track your progress and avoid spending the money on other expenses that may come up.


3. Establish a Monthly Savings Goal: Based off what you currently making calculate how much money you need to save each month to reach your down payment target. This will ensure consistent progress towards your goal. For example if you make $4,000 each month, a goal of saving 15% or $600 will give you an estimate timeline. 


4. Cut Unnecessary Expenses: Review your monthly expenses and identify areas where you can cut back. Consider reducing discretionary spending on dining out, entertainment, or other non-essential items. This is a big one for me and my lady, we love to eat out and have a great time but we've been encouraging each other to cut back. 


5. Increase Your Income: Look for opportunities to boost your income, such as taking on a part-time job, freelancing, or selling items you no longer need. Any additional income can accelerate your savings rate. Asset such as home are much more obtainable when one has more more margin in their life. Income-expenses= margin.


6. Automate Savings: Set up automatic transfers from your checking account to your dedicated savings account on the day you receive your paycheck. This "pay yourself first" approach ensures you save before spending. One should keep this in mind for there ROTH IRA and 401k's as well.


7. Explore Down Payment Assistance Programs: Consistently check in with your trusted Realtor to stay informed about down payment assistance programs and help towards closing costs. 


Remember that saving for a home is a long-term commitment, and it may take time to reach your goal. Stay disciplined and be patient, and consider consulting with a financial advisor or realtor to ensure you're making the most of your savings and investments.








Monday, June 26, 2023

Galt, California: History, Real Estate & Fun Facts

Located just 15 miles south of Elk Grove California lies the city of Galt. A growing agricultural town with a long history dating back to it’s inception in 1869. At the time when Galt was formed it had a population of around 100 people. At the time Galt's trading industries consisted of Post office and access to a train. 


The next 20 years of Galt’s development consisted of churches being founded. By 1908 Galt had a population of about 1,000 people and roads had began to replace dirt roads. By 1911 Galt High school was established and by 1912 Galt’s chamber of commerce has been created. As of 2020 Galt boast a population of 25,527 people and that number is set grow exponentially with many housing subdivision being built (Galt Chamber of Commerce). 


I personally have family who have recently purchased a New Construction home in the city of Galt. The city of Galt has nine subdivision being created in the year 2023 alone! Subdivision such as residential homes, condominiums and townhomes. 


Galt’s housing market (median sales price) has increased month over month from $477,743 to $550,000. The city seen a 15% increase month over month with 18 sales total. Although there’s been a 15% in median sales price, the appreciation does not mean every home in every neighborhood appreciated that much. This time last year Galt’s median sales price was $635,539. Year over year the median sales price is down 13% for the city of Galt (Sacramento Association of Realtors). 


Galt is a growing economy that offers eateries such as Brewster's Bar & Grill, El Rodeo and Velvet Grill & Creamery. The city of Galt also has a Brewery that I've yet to check out! The name of this place is called River Rock Brewery. 


Since the inception of Galt high school in 1912, they've added 2 more high schools and an adult school. As far as elementary schools there's seven to choose from (Lake canyon, Marengo Ranch, River Oaks, etc).


If your looking to have some fun in Galt you can look forward to a Saturday market from March-November from 9am-2pm (located at 4th street I’m Downtown Galt). The city also has activities such Movies in the park (Veterans Field) and Concerts (Veterans Field).


Until next time!