Rocklin’s real estate market in October, 2007 was fairly typical of Placer County as a whole, with no really big surprises.  This October, forty-five homes sold, so the overall volume was down 29.7% from last October’s 64 units.  (September and October have been fairly slow months all throughout the greater Sacramento area).  Prices have dropped only slightly, but some of this is misleading because this October average home was 7.7% larger than last year’s average.  Thus, the average sold price per square foot was down 12.3%, but the average sold price was only down 5.6%.   *This year the average sold price of a home in Rocklin was $190.04, versus $216.72 last year.  The average home sold for $446,204, versus $472,671 last year.

This year the average sale price was about 95.2% of the average list price of $468,791.  Thus, buyers this year negotiated almost a five percent discount from the list price, on average, as opposed to last year’s average discount of 3%. 

The median sale price of a home this year was $446,204, down 5.6% from last year’s median sale price of $419,000.

Rocklin currently has 8.54 months of inventory, some 12.5% of which are bank-owned properties.  28.9% of the sales in October were bank-owned properties, versus none of the sales a year ago.

This report covers both Rocklin East (95667) and Rocklin West (95765).