Roseville Real Estate, July 2007 Market Update

The average home that sold in Roseville, California, in July sold for $435,211, or 97.6% of the list price of $446,018. The average price was down 8.1% from last year's average of $473,666, but with this year's home being 5.3% bigger, price per square foot dropped 12.8% over this period.

The median sale price dropped 5.9% from last July's median of $425,000 to a median this July of $400,000. Unit volume is down 13.6%, from 140 units sold last July to 121 sold this July.

The number of foreclosures being sold has risen dramatically during this period. In July of 2006, only 1 of the 140 sold units was listed as "Real Estate Owned" (i.e., bank owned). This year, seventeen of the 121 units that sold in July were bank owned (fourteen per cent).