Investors don't be left behind...don't wait any longer. The Sacramento market is exploding with investment opportunities! Now is the time to start looking at investing in the Sacramento area! Join us this coming weekend, Saturday, August 15th for our next Sacramento Investor Boot Camp and Foreclosure Tour.
Have you always wanted to learn how to invest in Real Estate? At our upcoming Sacramento Investor Boot Camp you will learn -
And then you will go out to view several REO/bank owned homes that are currently on the market!
To register or to get more information, go to www.SacramentoInvestorBootCamp.com today or call us at (916) 405-5765!
To contact The Mode & DurhaM Team of Keller Williams Realty, call us at (916) 405-5765 or go to www.AllElkGroveHomes.com.
Search all Sacramento homes here!
The Mode & DurhaM Team in Elk Grove, CA
In the Elk Grove area, we are experiencing the lowest inventory in the past 4 years! The market is crazy with buyers right now,, who are getting a bit frustrated with not being able to find a home to purchase. They are writing offer after offer on homes just to be told that they didn't get it. They are going over list price by sometimes 5% - 10% and still it's not enough! This includes both first time home buyers and investors - move up buyers are non existant right now.
Consider this....
In the $250,000 price range and below - 
Today, July 19th...we have 190 active single family homes on the market in Elk Grove. Ths includes the 95624, 95757, and 95758 zip code areas.
Last month, we closed 182 single family homes in the Elk Grove area (the same 3 zip codes). That means we are down to a 32 day supply of inventory in Elk Grove! Which means, if no other homes hit the market over the course of the next 32 days, all of our inventory in Elk Grove would be gone! I remember the days recently when our inventory in this price range was over 6 months! We also currently have 290 pending sales in Elk Grove and an additional 259 active short sale contingents!
Here is the break down on the 190 active single family homes currently on the market -
The affordability index in California now stands at 66%...at the height of the market it was 17%!
Of the 182 sold homes last month -
So what does this mean if you are a buyer in the $250,000 or below price range in the Elk Grove area?
For more information on buying your first home or to schedule a buyer's consulation with one of our buyer's agents, call The Mode & DurhaM Team today at (916) 405-5765 or email us at Lori@ModeandDurhaM.com.
Now on to the over $250,00 market today in Elk Grove
$250,000 - $350,000 - approximately 1.5 months of inventory
$350,000 - $450,000 - approximately 3.5 months of inventory
$450,000 - $550,000 - approximately 4.5 months of inventory
$550,000 + - approximately 23 months of inventory
For more information, contact The Mode & DurhaM Team of Keller Williams Realty, (916) 405-5765 or go to www.AllElkGroveHomes.com.
To check the value of your Elk Grove home, go to www.AllElkGroveHomes.com.
If you are a first time homebuyer, ask your agent about the CAR Mortgage Protection program for first time homebuyers!
Search all Sacramento homes here!
The Mode & DurhaM Team in Elk Grove, CA
First time home buyers! The City of Elk Grove is offering first time home buyers down payment assistance to purchase Bank Owned homes. The City is providing low interest loans of $30,000 to $60,000 to income eligible buyers for down payment and closing costs.
Eligible home buyers - 
Eligible properties -
For more information, contact The Mode & DurhaM Team of Keller Williams Realty, (916) 405-5766 or go to www.AllElkGroveHomes.com.
To check the value of your Elk Grove home, go to www.AllElkGroveHomes.com.
If you are a first time homebuyer, ask your agent about the CAR Mortgage Protection program for first time homebuyers!
Search all Sacramento homes here!
The Mode & DurhaM Team in Elk Grove, CA
I attended a forum put on by the City of Elk Grove regarding a proposal for a Vacant Housing Registry on June 22nd. The City of Elk Grove currently has no method to quickly contact owners of vacant property, so they are considering a registry. This contact might need to be made to address police and code enforcement matters as well as notify the owner about problems with the property.
We have all seen vacant homes throughout the Elk Grove area...some neighborhoods have more than others. Foreclosures, short sales, vacant rental homes all can get to be a problem for the police, fire department and utility companies when they cannot find the owners to contact. We have all seen the dead lawns, but what happens when the home is vandalized? Maybe windows are broken, appliances stolen, pools are infested with mosquitoes?
Once a home is listed for sale, the for sale sign is an easy way for the city to get contact information...but what happens before that? The registry would require any vacant property in the City of Elk Grove that will be unoccupied for more than 30 days to register. The information will be used to notify owners of problems at or near their property. It would create a database for police, code enforcement, CCSD Fire Department, Animal Services and Public Works to use in case of a problem. There would also be a fee adoped by the City Council, which would only be of an amount high enough to recover the costs of maintaining the database.
Properties listed for sale, with a for sale sign posted containing contact information would be exempt. The City of Elk Grove is suggesting that currently real estate agents can help out by placing contact information in the form of a "Managed by" sign in the home's window with agent contact information on it as soon as we receive the assignment from the bank and the home becomes vacant. Also suggested was that agent's contact information is put on all of our lockboxes in case the sign is somehow removed from the window. If this becomes the standard for Realtors in the area then the City of Elk Grove will be able to notify police, fire, code enforcement, etc. where to look for this information on a vacant home. We have been doing this for at least the past year on all of our bank owned listings; we want to know immediately if there is a problem or concern with the property that has been assigned to us by the bank.
The proposed ordinance is scheduled to be introduced a tthe Elk Grove city Council meeting at the end of August. For any questions or concerns regarding this proposed ordinance, you may contact Shane Diller, Community Enhancement Manager at sdiller@elkgrovecity.org or (916) 687-3002.
For more information on market statistics or prices in the Elk Grove area, contact The Mode & DurhaM Team at (916) 405-5765 or Lori@ModeandDurhaM.com.
If you are an investor and want to learn more about the coming "Shadow Inventory", make sure to check out my Rental Housing Association Sacramento Investor Forum presentation from last week.
To check the value of your Elk Grove home, go to www.AllElkGroveHomes.com.
If you are a first time homebuyer, ask your agent about the CAR Mortgage Protection program for first time homebuyers!
Search all Sacramento homes here!
The Mode & DurhaM Team in Elk Grove, CA
Just wanted to give you a quick update on the Elk Grove real estate market. As of this morning there are 807 total homes for sale in Elk Grove (zip codes 95624, 95757 and 95758), plus 32 condos. The median list price of these homes is $245,000. Of the 807 homes for sale, only 85 are REO's or bank owned homes, while 602 are short sales.
In the past 30 days, there have been 242 single family homes close escrow in Elk Grove, leaving us with a 3.3 month supply of inventory. These homes sold for 98.40% of list price and the median sales price was $231,375.
Our current inventory in Elk Grove is low, but we have some great homes coming soon!
Currently listed -
9141 Shire Oaks Lane, Elk Grove - 2 acre vacant lot is gated executive community. Going to REDC auction on July 11. Call us for details!
5201 Ocean Lane, Elk Grove - 3 bedroom 2 bathroom single story home in gated community of Monterey Village. Short Sale priced at $199,900.
12375 Woods Road, Wilton - 10.5 acres with 2 homes, 1 acre pond, horse property. Very affordably priced at only $590,000.
Coming Soons -
9225 Chablis Way, Elk Grove 95624 - REO (Bank Owned) 3 bedroom, 1 bathroom, 1053 square feet, cosmetic fixer...great for first time home buyer or investor.
Adelbert Way, Elk Grove 95624 - REO 3 bedroom, 2 bathroom, 1220 square feet...great for first time homebuyer or investor.
Boulder River Way, Elk Grove 95624 - REO 3 bedroom, 2 bathroom, 1654 square feet, built in 2001...great home for first time home buyers!
Rural Estates Lane, Sacramento 95828 - borders Elk Grove, spacious 4 bedroom, 3 bathroom, single story REO over 2800 square feet, on large almost 1/3 acre lot, in gated JMC Community.
Thelma Avenue, Sacramento 95833 - 3 bedroom, 2 bathroom single story REO fixer in Natomas area...bring your contractor!
For more information on market statistics or prices in the Elk Grove area, contact The Mode & DurhaM Team at (916) 405-5765 or Lori@ModeandDurhaM.com.
If you are an investor and want to learn more about the coming "Shadow Inventory", make sure to check out my Rental Housing Association Sacramento Investor Forum presentation from last week.
To check the value of your Elk Grove home, go to www.AllElkGroveHomes.com.
If you are a first time homebuyer, ask your agent about the CAR Mortgage Protection program for first time homebuyers!
Search all Sacramento homes here!
The Mode & DurhaM Team in Elk Grove, CA
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The team of Lori Mode & Bruce Durham, Is A Full Service Real Estate Team Serving Buyers & Sellers in Sacramento County. Specialties Include Resale, REOs, 1st Time buyers & Investor Buyers and Sellers.
Lori Mode and Bruce Durham of Keller Williams offer unsurpassed service to buyers and sellers of real estate in the greater Sacramento area. Lori and Bruce have a combined 45 years of experience in the real estate industry and their team is both experienced and energetic in helping buyers and sellers with new and resale residential single family and investment properties.
Meet Our Team -
Lori is a native of Sacramento, CA and has lived and worked in the Elk Grove area for over 30 years. Prior to real estate she worked as Branch Manager/Escrow Officer for area title companies for 20 years. She is a life time member of the Sacramento Association of Realtors Master's Club, serves on her Market Center's Agent Leadership Council and is Chairperson of the MC's Technology Committee. Lori is an active community member including serving as a Board Member on both the Elk Grove Piranha's Swim Team and the Elk Grove United Soccer Club and participaing in several other community organizations.
Bruce started in the real estate industry as General Manager for a property management company. This position steered him toward obtaining his real estate license and when the company was sold, on the advise of a friend, moved to Sacramento. Locally, he has worked for Great Western Real Estate in the early 1980's, then Coldwell Banker for over 12 years and currently Bruce is with Keller Williams Realty. Bruce is also a member of Sacramento Association of Realtor's Master's Club and has previously served on Keller Williams Realty's Agent Leadership Council.
Lori and Bruce have been business partners for 13 years in the Sacramento real estate industry.
Susan Easter, Accredited Buyer's Representative
Susan has been a resident of Elk Grove for over 18 years. Prior to choosing a career in real estate at Keller Williams, Susan was in retain management and merchandising for both Macy's and Gap, Inc. Susan obtained her designation as Accredited Buyer's Representative in December 2005 and has been with Keller Williams since the opening of their Elk Grove Market Center.
To search the entire MLS for not only Sacramento County, but also surrounding counties of El Dorado, Placer and Yolo Counties. Please browse through our website for area information, school information, area market statistics, and more! There you can also receive a free online valuation of your home or sign up for free emailed MLS alerts and very timely market condition reports. Make sure to visit often for updated information.
As an Elk Grove real estate team, we focus on residential resale, including homes for first time home buyers, move up buyers and investors. We work with both buyers and sellers on single family homes, condominiums and investment properties including duplexes, triplexes and fourplexes.
Buyers and Sellers need lots of information, whether buying or selling a personal home or investing in real estate. A big part of our job as a real estate professional is to make sure they get what they need so intelligent informed decisions can be made. We provide a variety of information through our website at www.AllElkGroveHomes.com, through our Market Analysis, our Free Reports for buyers and sellers, our market updates, and area statistics. We have weathered the ups and downs of the real estate market in the Sacramento area for over 20 years and know how to consult with our clients to get them what they want in the time they want. 
I was referred to Lori and was instantly impressed by her knowledge and experience in the real estate field. Lori was the best Realtor EVER! She was very knowledgable of the neighborhoods I was interested in. She was helpful, friendly, etc. etc. THANK YOU!
Kirsten Bosch, 4248 U Street, Sacramento, CA 95817
Lori and Bruce made the selling of our home on Lakepoint Drive in Elk Grove a painless transition. We were not looking forward to a long and tedious selling process and we were amazed at how quickly and efficiently the home SOLD. Their expertise and marketing techniques were very effective and we are very satisfied that we selected them to represent us! Thanks again for a job well done!
Jim & Cathy Eckman, 6711 Arboga Way, Sacramento, CA 95831
Our Realtors, Lori Mode & Bruce Durham, were extremely helpful in helping us buy our first home. We will be working through them again when buying our second home!
Ryan & Christine Goodwin, 9387 Soaring Oaks Way, Elk Grove, CA 95758
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