** Placer County Market Update: August 30, 2024 - What You Need to Know**

Hey, Placer County! Jayson here, founder of Turn The Key Real Estate, bringing you the real estate stats and trends you can’t afford to miss this week. 🎯

**Here’s what’s happening in our market as of August 30, 2024:**

1. **Market Overview:**
- We’re seeing 247 homes currently up for grabs—an uptick from 223 last week.
- New listings are holding steady at 120, but here’s the kicker: 28 homes came back on the market, up from 19.

2. **Transaction Activity:**
- 105 homes went under contract, down from 117, but here’s the silver lining: closed deals surged to 105, compared to last week’s 81. 💥
- Price reductions are heating up—99 homes dropped their prices, making up 40% of all active listings. If you’re buying, this could be your window to snag a deal within the first 8 days. 🏷️

3. **Market Trends:**
- The median listing? A 3-bed, 3-bath beauty sitting on 2,170 sq. ft. and 18 acres, listed at $695K, but closing at $670K. Yep, buyers are negotiating down.
- Fast movers—homes that sold within 30 days—closed at 99.52% of asking. Pricing strategy? Crucial.

4. **Featured Properties:**
- A standout? A 2-bed, 2-bath home originally listed at $689K, but it sold for $670K after 43 days on the market.
- Plus, we’ve got a luxury spotlight on Los Lagos Circle in Granite Bay—5,983 sq. ft. of pure opulence in one of the area’s most sought-after communities.

5. **Jobs Report Insight:**
- The jobs report? Way off. It was overstated by 25%, translating to 88,000 phantom jobs. This isn’t just numbers—it’s about making smart real estate decisions based on solid data, not hype.

**Conclusions & Recommendations:**
- Understanding the market’s ebbs and flows is key whether you’re buying or selling. Keep an eye on those price reductions and make sure your pricing strategy is on point.
- Stay informed, folks. Misinformation can lead you down the wrong path. Let’s keep the conversation going in the comments—what are your thoughts on the market right now?

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