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QUICK STATS – Rocklin 95765 Median Sales Price Stable

4th Quarter ‘09, 1st Quarter ‘10 Match

The median home price in Rocklin’s 95765 zip code has taken a thrashing as all areas of the Sacramento regional real estate market have.  

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First Quarter Home Sales Decline

Pace of Home Sales Slows In Sacramento Region

homes_sold_10_09_to_3_10Over the last couple of years, the pace of home sales in the Sacramento real estate market has been very brisk.  Prices have been very low in comparison to the 2005/2006 peak and home buyers have been coming out in droves to snatch up the great deals as soon as the come on the market.

With incentive after incentive being tossed about like water balloons on a hot, summer day, the pace of sales depleted the inventory of homes for sale more rapidly in 2009 making the buying environment very competitive.

Even though January 2010 sales were down by almost 17% compared to last year, January 2010 ranked second in sales over a span of the last 5 years.  Still decent sales just not as high as last january_home_sales_2006_thru_2010year.

Many expect sales to slump after the credit money runs out.  For the federal government, that’s in 22 DAYS!

For the state, as they have set a cap on the amount of money that will be credited back to buyers in state tax credits, that incentive should be depleted by June or July by state estimates.

The state of California homebuyer incentive only lasted 3 to 4 months last year.  The credit has expanded this year and officials expects people to buy in similar numbers as last year.

We’ll see.  With interest rates poised to go up, who knows what affect that will have on sales regardless of the incentives available.

As usual, it’s a wait and see.

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QUICK STATS – Home Values In Rocklin Drop

4th Quarter of 2009 to 1st Quarter of 2010 Comparison

average_sales_price_by_quarter_95765 I know it’s a couple days short of the end of the first quarter but I thought it close enough to give a relatively accurate assessment of the changes in home values in the 95765 zip code of Rocklin.

I was surprised by what the numbers from our MLS, Metrolist Services, Inc. revealed.

Overall, 95765 has had an average drop of just over 5% in home values in the last 6 months according to the sold numbers in the MLS.

I wouldn’t expect this trend to continue over the remainder of the year but based on these findings, homes in Rocklin are one hell of a value right now.

The orange bars represent the 1st quarter numbers and the blue bars represent the 4th quarter numbers.  The table below gives the specific data that the graph above is based on.

Square Footage 4th Qtr 2009 Avg. Sales Prices 1st Qtr 2010 Avg. Sales Prices % Change
1500 – 1800 $259,390 $234,841 -9.16%
1801 – 2200 $284,915 $279,061 -2.05%
2201 – 2600 $325,637 $320,163 -1.68%
2601 and above $459,359 $414,081 -9.85%

While these numbers are accurate, each home in each neighborhood may come in slightly above or below these numbers.

For an accurate assessment of the value of your home, please fill out the form below and I’ll create a professional Market Analysis specifically for your home in your neighborhood.

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What’s Your Home Worth – Rocklin 95765

Sold Prices Per Home Square Footage

rocklin-homes-for-sale As we’ve turned into the new year, the fallout from the housing crisis still looms perhaps not as large as one year ago but it’s still there none the less.

The Rocklin zip code of 95765 has been, like most other communities in the region,  dealt severe valuation losses since 2006 when I noticed homes weren’t selling as they had been and by the end of 2006 it was clear something was dreadfully wrong.

Like most, I was wrong about this entire mess.  I was in good company!

I thought I’d put together two tables, homes built after 2000 and homes built before 2000, of square footage ranges and their corresponding sold prices over the last 60 days to give you a semi accurate assessment of what your home in Rocklin might be worth today if you were planning to sell.

Every neighborhood and home are different.  To get a very accurate assessment of the value of any home, details such as it’s address, amenities and a visual inspection are needed.  Otherwise just a range is possible when comparing apples to apples, so to speak.

These tables are based on square footage only without any account for amenities like pools or upgrades.

Your home may be valued higher or lower than these averages based on location and amenities.  Square footage ranges clearly skipped over reflects no sales in this home size over the last 60 days.

For a free market evaluation of your Rocklin home, please fill out the form below and I will respond promptly!

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Table 1:  Homes built prior to 2000 sold over the last 60 days.

Square Footage Low High Average
1500 to 1600 $247,900 $247,900 $247,900 (1 sale)
1601 to 1700 $245,000 $262,000 $254,000
1900 to 2000 $250,000 $420,000 $306,250
2001 to 2100 $253,050 $375,000 $295,983
2101 to 2200 $275,000 $346,000 $313,000
2201 to 2400 $325,000 $343,000 $334,000
2401 to 2600 $315,000 $330,000 $325,000
2601 to 2800 $349,000 $477,500 $415,750
2801 to 3000 $445,000 $445,000 $445,000 (1 sale)
3001 to 3500 $390,000 $425,000 $407,500 (2 sales)

Table 2:  Homes built after 2000 sold over the last 60 days.

Square Footage Low High Average
1400 to 1600 $232,500 $245,000 $237,500
1601 to 1900 $245,000 $285,000 $262,000
1901 to 2100 $250,000 $330,000 $277,150
2101 to 2400 $275,000 $360,000 $310,667
2401 to 2600 $285,000 $435,000 $324,158
2601 to 2800 $330,000 $410,000 $357,250
3201 to 3400 $439,000 $503,000 $471,000
4500 to 4600 $550,000 $610,000 $580,000 (2 sales)
4990 $621,000 One Sale N/A

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2009 Rocklin Real Estate Sales Report – 95677

Steady Year for 95677

When looking at the numbers for the 95677 zip code of Rocklin, I don’t get that anything astounding happened in real estate in 2009.2009_rocklin_average_sales_price_-_95677

Prices fluctuated through the year as they always do as there is a stark contrast in a small area of higher priced  homes and the lowest priced homes in the city of Rocklin.  Homes in virtually every price point around $200K and above are available in this area of Rocklin.

Clover Valley has a mix of older and newer higher end, for Rocklin, homes but as you get closer to Highway 80, there are multi-family units and apartments as well as the downtown area.  Get on the south side of Highway 80 and there are more mid range and higher end homes as you get closer to the college.

This presents a mix of results in the statistics as one $900K home sale in this zip code throws a wrench into the stats and gives the impression that sales prices fluctuate wildly.  It’s just the nature of the area.

Average Home Sales Price 95677

2009_rocklin_median_sales_price_by_quarter_-_95677 The average sales price did bounce around quite a bit last year and I believe, based on my research,this is caused by the disparity in the home prices mentioned above.

December, however, did come in as the anomaly being the lowest sales price month of the year.  That said, the 4th quarter as a whole fared much better in so far as the median home price is concerned but not as good a showing as the third quarter.

The median home price in 95677 was $264,900 for the fourth quarter and that is up from the first quarter at $254,500 but down from the 3rd quarter results of $290,000.

As you can see, there just hasn’t been a lot of movement in this area of Rocklin either way this year.  When you average the median out over the course of all 4 quarters of the year, the number comes in at $268,600 which is reflective of the fourth quarter alone.  Not much movement this year.

If there was movement this year, it was that the higher end homes lost value, the mid range priced homes stayed reasonably steady and the lower end may have appreciated slightly.

Home Sales Rocklin 956772009_rocklin_homes_sold_-_95677

The number of homes sold per month was also relatively steady with the lowest number of homes sold in October at  12 and the highest month being September with 27 homes sold.  The average homes sold per month over the course of the year was 19.5 so again, just a steady year of homes sales.

As the foreclosure crisis deepens due to the economy of the area changing drastically, communities like Rocklin and Roseville who have thus far been largely spared from what Sacramento has been through, could see a higher percentage of defaults, both strategic and otherwise, hit the community and continue to depress values.

Have questions about the value of your home in Rocklin?  Fill out the form below and I’ll prepare an estimate of value for you promptly.  No hassle or sleazy agent tactics, just good old fashioned work you can depend on.

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2009 Rocklin Home Sales Report

Median Home Price Falls In 95765

It’s been a tough year for real estate values in some areas of the Sacramento region, again.  Efforts by the government to stop the slide of foreclosures and the seemingly constant bleeding of home values has only served to slow the 2009_average_median_home_price_by_quarter_inevitable. (boy I sound bleak this morning!)

Are we at the bottom of this downturn?  Many economists, including those at CSUS, don’t think so.  I tend to agree based on more variables than there is time to cite and have been covered aptly here and elsewhere.

In Rocklin, unlike the below $250K price range in Sacramento where sales price averages have gone up, values are still going down.

This year, the median home price bottomed out at $299,500 for a 4 bedroom, 3 bath, 2350 square foot home in the third quarter.  Incidentally, per quarter, the characteristics of the median home fit this description.

In the last quarter of 2009, the median home price rose to $314,000.  I don’t see that trend continuing but what happens is up for debate and to be perfectly honest, it’s all speculation.

If this downturn has taught us anything it’s that the experts only have a vague idea of what the future holds and as one of my clients says, “only people new to the industry and fools try to predict the future”.  I agree with this completely.

Average Sales Prices Trend Down

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How Did Your Zip Code Fare In 2009?

Value Increases, Or Not!

UpIn my last post, I researched that the average home sales price in Sacramento had increased by about 18% in 2009.  That being  the case, Sacramento is a larger city and I thought I’d run the numbers by zip code to see changes per individual zip.

These numbers are estimates but they are close based on information from Metrolist, Inc., the Realtor Multiple Listing Service serving the Sacramento region.  These numbers a “generally” correct.

Search Criteria

The criteria I used was very simple.  February was among the months with the lowest value in 2009 and December among the highest months.  There are some zip codes where there weren’t any sales prices to compare due to the no homes being sold in that area because that area is predominately commercial or industrial.

I searched single family detached homes only.  No condos or multi family properties.  And the results are:

Zip Code 2009 Low Sales Price 2009 High Sales Price % Change
95816 $401,786 $434,692 +8.1%
95817 $80,824 $122,188 +72.5%
95818 $388,850 $416,978 +7.2%
95819 $375,377 $343,646 -8.45%
95820 $79,022 $101,390 +28%
95821 $186,317 $191,300 +2.7%
95822 $128,463 $153,641 +19.6
95823 $112,673 $129,710 +15%
95824 $80,875 $91,785 +13.5%
95825 $154,000 $202,939 +31.8%
95826 $198,967 $190,663 -4%
95827 $176,993 $166,948 -5.7%
95828 $139,437 $145,827 +4.5%
95829 $211,258 $239,344 +13.3%
95831 $343,164 $319,522 -6.9%
95832 $89,893 $126,125 +40%
95833 $156,237 $142,864 -8.5%
95834 $229,049 $222,040 -3%
95835 $249,134 $245,785 -1.3%
95838 $86,243 $105,009 +21.7%
95841 $168,728 $192,360 +14%
95842 $129,328 $136,923 +5.9%
95843 $201,337 $195,505 -2.9%
95864 $361,167 $507,353 +40.5%

These calculations add up to about a 13% gain for 2009 for the zip codes of Sacramento.  Not bad considering how tough the market is currently.

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