Sacramento Real Estate Views

Rocklin Real Estate Statistics – October 2008

Year Over Year Growth in Rocklin Home Sales

Considering the decline in values and the economic turmoil that our country finds itself in, the performance of real estate in Rocklin is nothing short of awesome.

With great schools and city leadership, Rocklin is the perfect place to live.  Now if they only had their own electric company like Roseville, we’d really be in!

In October, Rockin home sales increased almost 37% over the same month in 2007.  While it is a 17% decrease over September sales, it’s the time of year when sales tend to decrease as a result of the season. That said, it’s still strong performance all things considered

Median Sales Price in Rocklin Declines Year over Year

It won’t be long until we see these numbers reverse themselves and we begin to see appreciation again in our market.  The thing to keep in mind is that the values in Rocklin, Roseville and surrounding communities haven’t come down as much as other communities closer to and in Sacramento.  Some  communities in south Sacramento have seen 40% – 60% decline in values from the height of the market.  This is something Rocklin homeowners can be grateful for.

From October 2007 to 2008, the median sales price declined 18%, a significant decline but still better than some areas of our region.

Year to Date Home Sales in Rocklin

As the graph shows, there is a seasonal decline in sales in October.  The year over year improvement from 2007 to 2008 is significant though and encouraging.

Foreclosures and short sales still dominate the market and will for some time.  There isn’t much equity left in our market with all the value declines but it will return as it always does.  South Placer county is still one of the best places to buy a home in the Sacramento region.

Have question about real estate?  Give me a call if I can help.

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Tags: placer county homes, rocklin homes, rocklin real estate

This entry was posted on Tuesday, November 11th, 2008 at 8:48 am and is filed under Home Sales Reports, Rocklin. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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