Rocklin Real Estate Market
Posted by John Lockwood on June 25th, 2008
The real estate market in Rocklin is fairly typical of Placer County as a whole. Foreclosure sales are up more than 300% over 2007. Last May, only 15.1% of all sales were either short sales or foreclosures, while this year that number has climbed to 48%. Short sales are still doing poorly at only 5.5% of sales, with bank owned properties making up the other 42.5%.
This May, Rocklin’s average home fetched $389,545, down 16.8% from last year’s average of $468,507. Sold price per square foot fell 22.4%, from $216.66 in May of 2007 to $168.17 in May of 2008.
Sales were strong in May at 73 units, beating the twelve month average of 54 units per month. There are 6.6 months of unsold inventory in Rocklin.
Pasted below is the real estate sales data for Rocklin May, 2008.
Unit Volume Data
| Units Sold | May, 2007 | May, 2008 | Change | |
| Foreclosures Sold | 7 | 31 | 342.86% | |
| (% of total units) | 13.21% | 42.47% | ||
| Short Sales Sold | 1 | 4 | 300.00% | |
| (% of total units) | 1.89% | 5.48% | ||
| Non-distressed Sold | 45 | 38 | -15.56% | |
| (% of total units) | 84.91% | 52.05% | ||
| Total | 53 | 73 | 37.74% | |
Price Data
| Prices | May, 2007 | May, 2008 | Change | |
| Sold Price / Square Foot | $216.66 | $168.17 | -22.38% | |
| Average List Price | $485,523 | $406,564 | -16.26% | |
| Average Sale Price | $468,507 | $389,545 | -16.85% | |
Inventory
| Sold Last 12 Months | Active | Months of Inventory |
| 647 | 355 | 6.6 |