The Rocklin real estate landscape is not much changed since last year: 39 homes sold this January as compared with 36 last January. The major difference – of course – is in the kind of homes that sold. Foreclosure sales are up 69.2% year over year: 22 this January as compared with 13 last. And non-distressed sales are down 50%. Just 8 non-distressed homes sold this year as compared with 16 last year. Which makes the majority of home sales in Rocklin distress sales. In fact, 79.5% of sales are either foreclosures or short sales, with only a fifth of all sales falling in the non-distressed category.

The prices don’t tell any better news either: The average price per square foot has fallen 19.2% from $175.81 to $142.10 year over year. The average sales price has fallen 27.7% year over year from $411,807 to rest at $297,916. The median sales price has fallen 20.6% for the same period from $352,450 to $280,000. Interestingly enough, the average home sold in Rocklin is also 10% smaller this year than last. So the most accurate measure of home prices here is the average price per square foot.

Inventory is at 4.6 months based on the last year of sales and 4.8 months based on the last six months of sales. Foreclosure inventory is at 0.9 months.