Sacramento Real Estate Views

Rocklin Real Estate Shows Improvement

Average Sales Price Increases

Since the beginning of the year, the real estate market across the region has been improving.  The number of homes sold has increased, the average sales price has increased and inventory numbers have declined.  In Rocklin, the average sales price has increased almost 17%, January to March.

While there is some light at the end of the tunnel, there are still many homes that have been foreclosed on yet are not on the market.  There aren’t as many of these homes in the Rocklin/Roseville real estate market as there are in Sacramento but they are still out there.  Now that the government has announced the “bail out” plan and are purchasing troubled assets, there should be some resolution as to how these properties will be sold.

Foreclosure Sales Lead the Pack

Of the homes sold over the first quarter of 2009 in Rocklin, 56 were bank owned homes that were foreclosed on, 31 were short sales and 55 were “regular” real estate deals.

I don’t expect this to change that much throughout this year.  In other markets throughout the region, the percentage of bank owned sales to regular real estate sales is much higher.

We are still in the midst of a moratorium in California put into place by the Governor at the end of February.  It is supposed to be over at the end of May but so far, it’s been extended 3 times since September 1, 2008.

With markets stabilizing, I guess that, if the banks can figure out what’s going on with the homes not yet on the market, why not extend it?  With values and sales increasing, on some level, it’s working for now.  The jury is still out on this.

Home Sales Increase

Every month this year, the number of homes sold has increased.  This isn’t as significant as the average sales price increasing as the buying season is here. With interest rates down and summer coming, it’s the time to buy and move if you’re in a position to do so.  Rocklin is an awesome place to live.  My family and I love it here.

Additionally, the banks are starting to loosen up with regard to short sales as the government is providing an incentive to do so.

If you must sell and you have to sell short, please give us a call.  We can help you navigate through a tough time and help you get it done.

Thanks for visiting!

Related posts:

1. QUICK STATS – Sacramento County Homes for Sale
2. Short Sales Are Becoming Easier!

Tags: rocklin real estate

This entry was posted on Monday, April 13th, 2009 at 6:43 am and is filed under Home Sales Reports, Local Real Estate Info, 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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