Elk Grove, CA Foreclosure Listings

Elk Grove, California is a highly populated city 9 miles south of Sacramento, CA. Once named one of the fastest growing cities in United States, Elk Grove is home to more than 140,000 people. Elk Groove real state market is lower than California’s average, which means there could be real investment homes. The median household income was $72,000 which is higher than the average of $58,000 for California state-wide.

Elk Grove, CA Foreclosure Homes

Elk Grove’s homes are modestly prices, with an average home value of $283,000 verse $384,000 state-wide. Because of the rapid expansion of Elk Grove in 2004 through 2005, there were a lot of unprepared home buyers which has resulted into over 1600 current foreclosed home listings.  There are a lot of investment opportunities in Elk Grove, since it’s location is just 9 miles south-east of Sacramento, CA, and only a few hours from world-famous Lake Tahoe.

New Homes and buildings in Elk Grove, CA

• 2002: 804 new homes, average cost: $212,700
• 2003: 3716 new homes, average cost: $239,000
• 2004: 4049 new homes, average cost: $247,600
• 2005: 2603 new homes, average cost: $222,600
• 2006: 614 new homes, average cost: $243,800
• 2007: 693 new homes, average cost: $194,900
• 2008: 257 new homes, average cost: $226,400
• 2009: 201 new homes, average cost: $216,000

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