Granite Bay Luxury Homes For Sale Today

Posted by Phil Boren on Friday, October 25th, 2013 at 2:14pm.

Granite Bay luxury homes (those listed and/or sold at $1M and above), have seen an average increase of about 9.9% over the past six months, based on data from MetroList® today.  Specifically, the median price of a sold luxury listing in Granite Bay has increased from $1.174M to $1.290M over this relatively short time frame.

wexford, granite bay luxury homes for saleAs of today, there are 39 active (excludes pending sales), Granite Bay luxury homes active on the market, with a range from $1.030M to $2.999M and an average list price of $1.625M.  The average luxury home on the market is about 5,900 sf and the average days on market for these active listings right now is 112.  Granite Bay is a coveted location that offers some of Placer County's finest homes in elite neighborhoods like Wexford, Wedgewood, and Los Lagos.  It's also popular because of its proximity to Folsom Lake.

The following chart summarizes the median price of a sold luxury listing in Granite Bay, over the past six months:

granite bay homes, placer county homes for sale

One thing that becomes clearer when you look at this chart, is that the volume of luxury-home sales in Granite Bay has declined in the last 3 months from 18 to 13, which could be a reaction to the recent upward tick in mortgage interest rates.  The number of luxury homes for sale has remained virtually flat over this period as well.

If you're interested in buying or selling a Granite Bay home, please call us at 916-960-8895 for a free consultation.

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Phil Boren
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