As we have seen elsewhere in other communities and counties, overall unit volume has begun to fall along with the number of foreclosures on the market. In Rocklin, unit volume is down by 18.1% year over year. 59 homes sold in the area this month of which 18 were foreclosures, 16 were short sales and 25 were non-distressed sales.

We are beginning also to see more short sales beginning to sell. Rocklin has seen a 300% increase in the number of sold short sales. Foreclosure sales are down 38% and non-distressed sales are down 36% year over year. 3 out of every 5 homes sold are now distress sales. 

Average price per square foot is not $141.96 – that is 16.5% below what it was a year ago. Last April, average sold price per square foot was $170.03. Average sales price is currently $345,501 down 16.7% year over year from a high of $414,593. Median sales price is $299,900. 

Inventory in Rocklin is at 5 months based on the last year of sales and 6.4 months based on the last six months of sales. Foreclosure inventory is at 0.8 months and 1 month respectively.

A total of 126 homes sold in Roseville this month and the numbers seem largely unchanged from a year ago except that there are just less homes being sold. Overall unit volume is down 13.1% year over year. Foreclosure sales are down 21% while non-distressed sales are down 21% for the same period. Only short sales gained 50% year over year. Of the 126 homes sold, 53 were foreclosure sales, 24 were short sales and 49 were non-distressed properties. So 61% of all homes sold are now distress sales.

Average sold price per square foot is currently $143.41 – that’s down 14% year over year from a high of $166.79. Average sales price has fallen 18% for the same period and currently rests at $296,077. A year ago, it used to be $361,045. Median sales price is currently $279996, down 19.3% from a year ago when it was $347,000.

Inventory in Roseville is at 4.2 months based on the last year of sales and 5.3 months based on the last six months of sales.

86 homes sold in Lincoln this April, pretty much in line with the numbers for last April. Unit volume shows a modest increase of 4.9% year over year, which is nothing to write home about. However, what is interesting to note is that foreclosure sales have dropped 23% year over year while short sales have gained 200%. Non-distressed sales remain mainly unchanged for the same period. 2 out of 3 homes sold are currently distress sales. 

Average sold price per square foot is currently $125.85 down 11.4% from last April’s $142.07. Average sales price is $298,676, also down 11.5% year over year from a high of $337,327. Median sales price is $277,450. That’s a fall of 13.3% year over year from a high of $320,000. 

Inventory is at 5.4 months based on the last year of sales and 6.1 months based on the last six months of sales. Foreclosure inventory in the Lincoln area is at 0.7 months and 0.8 months respectively.

356 homes sold in Placer county this month of which 144 were foreclosures, 75 were short sales and 137 were non-distressed homes. That means 61.5% of all sales are currently distress sales, a number quite different from last year at the same time when just a little over 50% were distress sales.

However, foreclosure sales are down year over year by 12.7%. One wonders if this is because home buyers are losing interest in them or because the foreclosure inventory seems to be shrinking rapidly. Short sales are up year over year by 102.7% while non-distressed sales are down for the same period by 23%. Overall unit volume is down, albeit by a small 6.3% for the same period.

Average sold price per square foot in Placer county is currently at $147.64 which is 16.5% lower than last year’s $176.85 year over year. Average sales price has also dropped 20.5% for the same period to rest at $331,370 from a high of $416,799. Median sales price is currently at $285,000 which is 18% lower than last year’s $347,975.

Inventory in Placer county is at 6.1 months based on the last year of sales and 7.3 months based on the last six months of sales. Foreclosure inventory is at 1.1 months and 1.2 months respectively.