Posted by John Lockwood on December 21st, 2007
November was a bit of an off month for Rocklin real estate. With only 31 sold units, unit volume was down 53% from last November’s sales of 66 units. This year’s small crop of homes was quite a bit bigger than last year’s, at 2447 square feet versus last year’s 2236 square feet. This increase in size made up for most of the savings. Sold price per square foot dropped 13.9% from year to year, from $210.32 last year to $181.15 this year.
In November, the average home sold for $387,000, down 5.7% from last year’s average of $407,500 — though see our comments above about size. The median price fell 5%, from $407,500 last November to $387,000 this November.
Both the number of short sales and the number of foreclosures in active inventory are somewhat higher in Rocklin than for Placer County as a whole. Rocklin’s inventory contains 13.6% REOs and 19.5% short sales, compared to 11.4% REOs and 16.5% short sales for Placer County. Nevertheless, Rocklin has about a month less of inventory than Placer County as a whole, 7.98 months as opposed to 8.91 months for Placer County.