Roseville Real Estate

Placer County Real Estate Market Update: August 2009

Purva Brown — Fri, 25 Sep 2009 17:40:04 +0000

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.

Rocklin Real Estate Market Update: April 2009

Purva Brown — Sun, 31 May 2009 12:59:47 +0000

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.

Roseville Real Estate Market Update: April 2009

Purva Brown — Sun, 24 May 2009 20:50:05 +0000

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.

Lincoln Real Estate Market Update: April 2009

Purva Brown — Tue, 19 May 2009 20:50:03 +0000

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.

Placer County Real Estate Market Update

Purva Brown — Mon, 11 May 2009 21:53:54 +0000

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.

Lincoln Real Estate Market Update: March 2009

Purva Brown — Thu, 30 Apr 2009 16:33:21 +0000

A total of 74 homes sold this month in Lincoln and the market doesn’t seem much different than it was a year ago. 36 foreclosures, 12 short sales and 26 non-distressed homes closed escrow in March. Foreclosure sales are up 16% from a year ago and short sales up 100% for the same period. Non-distressed sales are down year over year by 38.1% – a statistic that surprises no one. Overall unit volume is down 6.3% year over year.

Prices are following the downward curve as well. The average sold price per square foot is now $134.26 down 13.8% year over year from a high of $155.73. The average sale price is down 22.2% year over year from $364,777 to rest at $283,686. Median sales price is down 21.2% for the same period to $264,000. Interestingly enough, the average home sold is also about 10% smaller than it was a year ago so the more accurate measure of home prices is the average price per square foot.

Inventory is at 5.8 months based on the last year of sales and 6.6 months based on the last six months of sales. Foreclosure inventory is at 1.2 months and 1.3 months respectively.

Rocklin Real Estate Market Update: March 2009

Purva Brown — Mon, 20 Apr 2009 19:10:35 +0000

A total of 55 homes sold in Rocklin last month, down 6.8% year over year from 59. And we see a drop in every kind of real estate sale – except short sales. 19 foreclosures sold in March (that is 34.5% of all sales) 15 short sales (or 27.3% of all sales) and 21 non-distressed homes (38.2% of all sales) but for all that we see a year over year drop of 24% in foreclosures and a 19.2% drop in non-distressed sales. Short sales jumped 87.5% over last March’s sales.

Average sold price per square foot doesn’t give us any better news either. It has fallen 15.5% year over year from $166.73 to $140.83. The average sales price is currently $334,104 – that’s a year over year drop of 10.4% from a high of $372,794. Median price hasn’t fared any better. It registered a drop of 15.5% year over year from $355,000 last March to currently $299,900.

Inventory is at 4.9 months based on the last year of sales and 6.2 months based on the last six months of sales, showing the recent slowdown in sales in this area.

Roseville Real Estate Market Update: March 2009

Purva Brown — Wed, 15 Apr 2009 19:10:32 +0000

A total of 133 homes sold in Roseville this month, barely higher than last March’s 128. And while there seems to be little change in unit volume year over year, the real estate landscape in Roseville does seem to have changed quite a bit. Compare the 68 foreclosure sales this March with the 49 last March. That is a 39% increase year over year. Or the whopping 187% in short sales year over year. 23 short sales closed escrow this March versus just 8 last year at the same time. Needless to say with distress sales taking the cake, non-distressed sales fell 41% year over year. Just 42 sales this March versus 71 last March.

Distress sales dominate the market with foreclosures taking up 51% of the sales pie and short sales taking 17%. Just under a third of all real estate sold in Roseville last month was non-distressed. A big change year over year from more than 55% of all sales being non-distressed.

And of course, the prices reflect that as well. Year over year, the average price per square foot has fallen 16.5% from a high of $172.85 to rest at $144.29. The average sales price has fallen 20.2% from $367,318 to $293,153. Median sales price has also dropped 17.3% from $344,500 to rest at $285,000.

Inventory in Roseville is at 4.1 months based on the last year of sales and 5 months based on the last six months of sales.

Placer County Real Estate Market Update: March 2009

Purva Brown — Mon, 06 Apr 2009 15:27:00 +0000

On the face of it, nothing seems like it has changed much in the Placer county real estate market landscape since last March: 334 homes sold this March as compared with 324 year over year. But if you look closer, you’ll notice that the non-distressed sales and foreclosure sales numbers have reversed. Whereas last March, non-distressed sales made up 50% of the total sales, today foreclosures have taken that coveted spot. As a result, non-distressed sales have lost ground – about 37% to be precise year over year. Short sales have gained 144% year over year and foreclosures have gained 37% for the same period.

Average sold price per square foot is currently at $147.98. That is a drop of 16.5% year over year from a high of $177.27. This is the most accurate measure of a home’s price since home buyers in Placer county also bought homes on average 7.2% smaller than last year. Average sales price is currently at $309,201 and median sales price is at $285,000.

Inventory is at 6.1 months based on the last 12 months of sales and 7.2 months based on the last six months of sales. Foreclosure inventory is at 1.3 and 1.4 months.

Lincoln Real Estate Market Update: February 2009

Purva Brown — Tue, 31 Mar 2009 15:15:50 +0000

A trend we are beginning to see in Placer county lately is that of sales slowing. Could this be a good thing? Well, if it is because there are not that many foreclosures to buy, yes, it could just be a good thing! Consider this: Lincoln on average over the last year has sold 39 foreclosures every month. Currently on the market? 13 foreclosures for sale. Even the short sale inventory here doesn’t seem as scary at 59 or 5.2 months. Of course, residents are waiting with bated breath for these to go away so we can see some price appreciation soon.

A total of 56 homes sold in Lincoln this last month and unit volume is down 11.1% overall. The last of the foreclosures are getting picked up however, a difference from Rocklin. 31 foreclosures sold (up year over year by 7%) 9 short sales sold (up 28.6% year over year) and 16 nondistressed homes sold (down 41% year over year.)

The average sold price per square foot is down for the same period from $145.96 to $128.84 – a drop of 11.7%. The average sales price is down 13.3% from $347,200 to $300,904. Median sales price is also down 17.8% from $337,500 to $277.450.

Inventory is at 1.1 months.