Sacramento Real Estate Views

Rocklin Real Estate Report – September 2009

Sales Are Up, Average Sales Prices Are Down

This is the hardest report for me to do.  I live in Rocklin and to continually see the values dropping is depressing.  I guess that’s what we’re stuck with for the short term.

With an apparent absence of move up buyers due to the seller’s in the lower price ranges being banks, it doesn’t appear that values in above $275K price range will be appreciating soon.

I hope I’m wrong about that.

Rocklin 95677 Home Sales and Prices

A good time was had by all in both zip codes of Rocklin in September.

Sales were up in both zips which is nice to see.  I hope it continues.

There were 27 sales in 95677 last month, up from 21 in August and 17 in July.  September was the best sales month of 2009 so far.

The average home sold is a 4 bedroom, 2.5 baths, 2153 square feet and sold in 65 days.

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Average sales prices have been up and down all year in 95677. 

The best way to figure out what the average is to use the the last 90 days of sales as a basis to estimate an average sales price for the average sold home.

The average sales price for September was up over August by 17% but down from July by 5.59%.

As the graph shows, sales prices have varied greatly all year.  There is almost a pattern to the inconsistency.

Currently, there are 68 homes on the market in 95677.  The average home for sale is a 4 bedroom, 2.5 bath, 2309 square feet and is priced at $379,747.  The average days on market for this home is 123 days.

What’s the Value of Your Home In Rocklin? Click here for a Free Home Valuation Report

Rocklin 95765 Home Sales & Prices

95765 also had a great month of sales.

45 homes sold in September versus 34 homes in both July and August.

The average home sold in September was a 4 bedroom, 3 bath, 2337 square feet and sold in 76 days average.

As of today, there were 111 homes on the market for sale.  This includes regular real estate, bank owned and short sale listings.  The average list price is $475,536 and has been on the market 122 days.

This year, the average sales price has taken a beating in 95765.   The average sales price for the average sale in 95765 this year is $346,411 versus an average sales price of $401,471 in 2008.

This represents at 13.7% drop in the average sales price over the last year for a home of virtually the same characteristics.

Not good news.

I spoke to one of my favorite title representatives today, Honey Winter of Placer Title Company who was upbeat about the future stating that she has seen some price increases and steady activity.

I believe that too.   No one knows what the future holds and few, with exception to Honey, knew this was going to get as bad as it got.

We can only hope it gets better from here.

Have questions?  Please feel free to contact me below.

Thanks for visiting!

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Tags: homes for sale rocklin

This entry was posted on Tuesday, October 13th, 2009 at 8:55 pm 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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