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.