In June of 2008, the combined total sales for short sales and bank owned foreclosures (REOs) in Placer County accounted for 51% of the sold homes, while non-distressed sales made up 49% of sales.  Thus, Placer County fared better than Sacramento County, where distressed sales made up 75% of all sales in June, but not as good as El Dorado County, where distressed sales accounted for 43% of all sales.

This June the average home sold in Placer County for $178.44 per square foot, down 22.9% from last June’s average of $231.37.  The average selling price for Placer County residential real estate was $385,850, down 21.9% from last June’s average selling price of $493,937.

There are currently 8.1 months of inventory in Placer County, which is slightly higher than Sacramento County’s numbers but still much better than the 12.7 months of inventory in El Dorado County.

Overall, the average home that sold in Placer County sold for 97.25% of the list price.  Bank owned properties sold closest to their asking price, with the average bank owned property selling for $310,571 in June, which is 99.49% of the average list price of $312,161.