'Rocklin' Category
Rocklin Homes for Sale
December 15th, 2008 categories: Market Commentary, Market Statistics, Rocklin
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.
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Selling a Home In Rocklin
November 30th, 2008 categories: Market Commentary, Market Statistics, 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.
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Rocklin Real Estate Statistics - October 2008
November 11th, 2008 categories: Market Statistics, Rocklin
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
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September Rocklin Home Sales Statistics
October 6th, 2008 categories: Market Statistics, Rocklin
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.
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Rocklin Homes Sales - August
September 20th, 2008 categories: Market Statistics, Rocklin
Rocklin Home Sales
Home sales in Rocklin decreased 16% from July of this year but increased 41% over August of last year. August is the second m month this year where sales have decreased slightly.
This has been largely due to the price correction over the last year and a half.
Overall, sales have increased dramatically over the year due to the increasing affordability in the region.
Rocklin Median Sales Price
The resulting increase in sales has been due to a corresponding decrease in values. As the graph shows, prices have come down dramatically over the last year. Rocklin has had a 25% decrease in the median sales price when comparing August 08 to August 07.
The homes in the Rocklin area have faired far better than other communities in the region and not as good as just a few. If you’re looking for homes in Rocklin, please contact me.
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