Like most of Placer County, Roseville homes held their value better during the recent real estate downturn than homes in Sacramento County.  With slightly fewer foreclosures in inventory, Roseville prices have dropped somewhat less precipitously than Sacramento County.  Nevertheless, especially late in the year, Roseville prices fell pretty heavily in 2007.

Overall in 2007, the average home sold in Roseville for $418,569, down 10.0% from the 2006 average of $465,281.  The median sales price declined 9.4% from year to year, from $425,000 in 2006 to $385,000 in 2007.  Sold price per square foot was off 11.6%, averaging $219.67 in 2006 and $183.06 in 2007.   Unit volume was off only 8.6% for the year, with 1,365 units selling in 2007 versus 1,493 in 2006.  Foreclosures made up less than one per cent of the total sales in 2006, but 13.3% of all sales for 2007. 

As in most areas, over the course of the year more foreclosures became available, leading to deeper discounts at the end of the year than for the year overall.  As we just mentioned, overall for 2007 foreclosures made up 13.3% of total sales.  By year’s end in December, foreclosures made up 35.2% of total sales.  Sold price per square foot was off 11.6% from 2006 to 2007, but from December 2006 to December 2007 the drop was 16.7%, and by December the average sold price per square foot of a Roseville home was $183.06.

For all of that, Roseville’s inventory is not too high, at only 7 months.  Perhaps partly because of this, unit volume has not decreased too dramatically — only 8.6% overall from 2006 to 2007.  In December, the number of units was the same from year to year.