Homes for Sale in Granite Bay CA

Granite Bay is a higher end market for the Sacramento region and has not had as many sales as compared with some other parts of the region.

While the total number of homes has remained fairly steady over time, typically just under 200 homes for sale, the number of closing has varried.  Granite Bay has also not been a foreclosure market, the number of foreclosure listings has not gone above 25 in any one month. 

This means that as a buyer - there is probably less competition than in areas where there is a strong foreclosure market - the bank owned/foreclosed homes are still getting multiple offers - however, the majority of the sellers may be less willing to negotiate than sellers of distressed properties.

This chart…

The luxury home market in the Sacramento region has slowed as the majority of home buyers right now are first time homebuyers.  Because the market is flooded with foreclosures and short sales the number of move up buyers has decreased. So how has this affected markets like Granite Bay with exclusive gated communities and large luxury homes?  Granite Bay is in a strong  buyer's market.  There is currently over 12 months of inventory in Granite Bay with 194 homes on the market and 16 closed sales for the month of October.  There have been some foreclosures and short sales and it is likely that the number of distressed properties will continue to increase in the next few months.

 The difference between the original list price to sales price in the past 14…