369 homes sold in the Placer county area this August and yet it seems a little lackadaisical when compared with last year’s numbers. 458 homes sold last August, so unit volume this August has fallen by 19.4% overall. The good news is that non-distressed sales have gained a little ground in the sales pie and now almost 50% of all sales are non-distressed properties as compared with a little over 45% last August. I know, not great news, but a little energizing.
Average sold price per square foot is now $149.15 which is 12.8% lower year over year from a high of $171.01. The average sized home in Placer county now sells for $321,217 so homebuyers that waited a year from last August to this August could have hoped to pay – on average – 12.8% less. Last August they would have paid $368,478. Median sales price is now $291,000 which is 10.5% lower year over year.
Inventory in Placer county is at 6.3 months based on the last year of sales and 5.9 months based on the last six months of sales. Foreclosure inventory is at 1.2 months and 1.3 months respectively.