The real estate market in Lincoln in November put in a strong showing compared to Placer County as a whole.  While average prices county wide fell more than 14%, the average price of a home in Lincoln, California was $429,912, down only 8.7% from last year’s average of $470,869.  The median price of a home in Lincoln in November was $379,000, down 8.9% from last year’s median of $416,000.

Unit volume also only fell moderately, 8.5% from year to year, as opposed to 31.1% county wide.  The expired to sold ratio dropped from year to year, albeit slightly, from 81.4% last year to 77.8% this year.

Foreclosures accounted for 22.2% of sales this year, and 13.9% of the homes in active inventory are bank owned foreclosures (REOs), while another 27.6% of active listings are short sales.