Roseville Real Estate Market Update
Posted by John Lockwood on December 5th, 2007
The numbers are in for Roseville for November, 2007. The average home sold in Roseville this November for $383,605, down 17.3% from last year’s average of $463,647. However, at least some this drop was due to this year’s average home being 1976 square feet versus 2051 square feet last year. As a result, the average sold price per square foot dropped less dramatically (well, a little less dramatically, anyway, but we’ll take what we can get). Sold price per square foot for Roseville homes in November averaged $194.13, a 14.1% decline from last November’s average of $226.06.
The number of foreclosures in Roseville — and in Placer County as a whole — is midway between the Sacramento County numbers, which are quite high, and the low numbers in El Dorado County. In active inventory, 15.2% of homes are bank owned foreclosures, and 21.7% are short sales. Of the November sales, 23.5% were bank owned foreclosures and 17.6% were short sales.
Although unit volume in November was a pathetic 41.4% of last November’s unit volume, other recent months must have made up for it, because inventory in Roseville continues to be somewhat low compared to Sacramento or Placer County as a whole. Currently there are 7.5 months of unsold inventory, down from 8.2 months in October.
Related Links
Browse Roseville Real Estate by Price and Location
General Home Search — Greater Roseville Area