Sacramento Real Estate Views

Archive for the 'Rocklin' Category

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!

Tags: rocklin real estate

Rocklin Real Estate Sold Homes 3/1/09 to 3/15/09

Home Sales in Rocklin

I’ve been out of town and playing catch up the last week so I thought I’d put together a more comprehensive list of sold homes in this post.

Over the last two weeks, there have been 12 closed sales as recorded by the Multiple Listing Service.  This probably doesn’t record all sales in Rocklin but does record enough to give us a good idea of what the sold statistics look like.

The average days on market for these homes was 87.

Original listing price to sold price percentage was 92.03%.

The average cost per square foot was $141.73 on an average square footage of 2214.

The average sold price for this report is $308,144.

These numbers are pretty consistent with past reports which indicates some degree of stabilization in the Rocklin market.  Sacramento County is showing similar stabilization as well.

Tags: homes sales in rocklin

Rocklin Sold Homes 2/5 – 2/12

This Weeks Sales in Rocklin

There weren’t many sales this week in Rocklin.  The stats look good though:

The average days on the market for these homes was 19.

The original listing price to sold price was 99%.

The average cost per square foot was $165 on an average square footage of 1964.

The average sold price was $314,677.

Homes are selling when priced right in all areas of the region and Rocklin was no exception to that this week.  Here are the individual homes by address:

Is there a home you’ve got a question about?  Please feel free to contact with any questions.

Thanks for visiting!

Tags: rocklin homes

Rocklin Homes for Sale

Rocklin Home Sales Statistics

Homes Sales Decline for 4th Straight Month

Home sales in Rocklin declined for the 4th straight month in November.  With 47 sales for both zip codes in November, it’s the 3rd lowest sales month this year.  Only January and February were lower.  This is normal due to the seasonal slowdown that’s typical during this time of year.

While being one of the lowest sales months of the year it’s still an encouraging sign that sales increased from the same month last year.  I’ve been saying this most of the year but with all the bad news out there, it’s still a good, optimistic reminder.

The average days a home stayed on the market was 40 after initial price reductions and 110 days overall for homes that closed in November.

Read the rest of this entry »

Tags: rocklin sales statistics for november

Selling a Home In Rocklin

Important Statistics You Need To Know

I was hunting around the MLS this morning pulling some useful statistics that should be important considerations in pricing a home to sell in Rocklin.  After looking at the data, I was surprised by some things that I’ll elaborate on here.  Hopefully, if you are considering selling a home in Rocklin, this will help you in the most important decision regarding the sale:  What price you choose.

Bank Owned Homes (Foreclosures) vs. Short Sale Listings vs. Neither

There are significant differences between foreclosures, short sales and regular real estate transactions.  “Regular” real estate transactions are defined as selling a home that has the equity to pay off the mortgage and selling costs.  Short sales are where the home will not sell for enough to pay off the mortgage and foreclosures have been seized by the bank for default by the homeowner on the mortgage obligation.

Read the rest of this entry »

Tags: homes in rocklin, rocklin real estate agent

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

Read the rest of this entry »

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

September Rocklin Home Sales Statistics

Rocklin Home Sales Up 145% Over 2007

Home sales increased in Rocklin 145% in September of 08 vs. September of 07. This is a welcome sign and a reminder that the affordability of the region has returned.

There has been a corresponding reduction in the average median home price however that has lead to the increase in sales.

Low interest rates has helped but the bailout might hurt the market for the short term. Time will tell on that one.

Rocklin Homes Median Sales Price Dips 15%

The increase in sales and the reduction in the median sales price mirror each other. The median sales price in September of 2007 was $400K while this year the price dropped down to $346,500.

While losing equity, on paper anyway, isn’t good, it won’t be long until the market begins to appreciate once again. With sales numbers like this, it’s easy to see that the demand for Rocklin homes is there. Once foreclosure inventory levels come down region wide, and depending on how easy mortgages are to obtain, the appreciation could begin to come back. No crystal balls, just youthful optimism.

Steady Increases in Sales Most of 2008

The Rocklin real estate market has had a great come back year this year with sales steadily climbing all year long. The last couple months have been a bit down from previous months but that’s normal for this time of year.

With all the negative press locally and nationwide, the indicators and stats all show that the market is rebounding nicely in sales and that the correction in pricing has helped area sales.

Foreclosures in Rocklin

The numbers of foreclosed homes for September aren’t out yet but in the month of August 138 homes were in some stage of foreclosure.  Rocklin was #3 in foreclosures from Placer County.  Roseville and Lincoln being #1 & #3.

Looking to buy or sell in Rocklin?  Give me a call.  I can help you in either direction.

Tags: homes in rocklin, rocklin homes, rocklin real estate