Hey, what do you know, I get to deliver good news this morning! February, for being the shortest month has managed to surprise us with some pretty decent real estate numbers. But, all in good time. First, the not so great news: unit volume is down again in Placer county. A total of 245 homes sold in February, down 9% year over year. Foreclosure sales gained 0.8%, non-distressed sales lost 36.2% and short sales gained a whopping 95.5% year over year. This is almost the same as last month so nothing huge to report here.

Now, for the good news. I should add this is less that great since the numbers still show a decline year over year but prices look better than last month. The average sold price per square foot is $147.96, down 14.2% year over year, but higher than last month’s $146.59. Not huge, but better than a decline, wouldn’t you say? The average sales price is $327,033, again a decline of 15.7% year over year but looking so much better than last month’s $303,539! Median sales price, also down 15.7% year over year looks much better at $295,000 than it did last month at $279,608.

Inventory is much, much lower than last month: 3.3 months based on the last year of sales and 3.6 months based on the last six months of sales.