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Home Sales Report – Stanford Ranch, Rocklin – 6/8 to 6/12
Sales Still Slow
3 homes closed escrow in the Stanford Ranch, Rocklin area last week. While this isn’t a sampling of the entire zip code, there haven’t been that many sales in this area.
In my last post regarding home sales in Stanford Ranch I mentioned that a good many listings were overpriced compared to the homes that had sold over the same period. The weak sales continue to point to this market being a bit overpriced.
The current price for a home of these characteristics is $504,789. Compared to the average sold price, this is a difference of $171,456! While I don’t believe all of this is overpricing, it makes you wonder what’s going on.
It is a disservice to overprice a home for sale. It will cost the seller’s money in the long run. IT ALWAYS HAS and it always will unless the market is appreciating quickly which, currently, it is not.
It is a weak real estate agent that accepts an overpriced listing. Would you want to list your home with a weak real estate agent? Not in this market.
Here are the stats from the sales last week:
Beds & baths: 4 / 3
Square feet: 2628
List Price: $340,967
Sold Price: $333,333*
Days on Market: 84
*As of this writing, the average list price of a home like this for sale in Stanford Ranch is $504,789. The average sales price is $333,333 for a home with the same characteristics. It’s no surprise that there are just these few sales in Stanford Ranch last week.
| Address | Beds & Baths | Square Footage | Listing Price | Sold Price |
| 5301 Ridge Gate Ct. | 4 / 2 | 1806 | $259,000 | $250,000 |
| 2864 Hillcrest Rd. | 4 / 2.5 | 2481 | $374,900 | $360,000 |
| 4519 Mountaingate Dr. | 4 / 3 | 3597 | $389,000 | $390,000 |
Looking for advice as to how to price your home for sale? Please click here for a free, no obligation market valuation of your home. I’m happy to tell you the truth most agent in the Rocklin area are afraid to.
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