The Sacramento suburb of Granite Bay is an upscale community of some 20,000 residents who appreciate the area's outstanding schools, affordable homes for sale, and the excellent quality of life. This bedroom community is located in Placer County, about 20 miles northwest of Sacramento on the western side of Folsom Lake, an 18,000-acre man-made lake that offers a myriad of recreational opportunities. Granite Bay encompasses an area of approximately 24 square miles and is just minutes from Roseville, which is the largest city in Placer County. Granite Bay also sits within a short drive from other cities in the surrounding areas such as Folsom and Fair Oaks.
This charming suburban community continues to attract new residents and as a result, continues to grow and offer more features to its residents. Granite Bay's real estate offerings consist mainly of single-family homes on beautiful treed lots; however, real estate prices vary depending on size, location and amenities. Some homes even offer waterfront views and for buyers and investors who are looking to custom build, land and lots are available for purchase in Granite Bay.
Single-family homes situated on treed lots anchor the real estate market in the suburban community of Granite Bay. Buyers can easily find a single-family home starting from $260,000 in a quiet residential area. Estate properties featuring an impressive amount of acreage are also available for purchase in Granite Bay starting from just under $1 million and exceeding $3.5 million. For custom homes near the lake, sale prices begin in the $300,000s and can exceed $2 million for homes in the prestigious Los Lagos development. Waterfront properties are also available as are land and lots for custom development. For other lifestyle options, buyers can also look for homes in any of Granite Bay's retirement communities, gated communities, or near the Granite Bay Golf Club.
Granite Bay Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $922,133 compared to $922,133 the previous week, to remain steady with no change in listing price. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.