Sacramento Real Estate Views

Buyers On The Sidelines…Again

Number of Single Family Homes for Sale Continues to Rise

With the threat of a double dip housing recession and no incentive for first time home buyers to purchase, the Sacramento real estate market is losing, or has lost, steam.

I know it sounds like a broken record but every month this year the number of homes for sale has gone up.

The threat of a double dip housing recession in the Sacramento region with the typical slowdown point of the “buying season” approaching is very daunting.

Depending on what the banks do, there could be more and more homes coming on the market without buyers to purchase them as investors wisely wait for the fallout yet again.

Where does our market go from here?  From the looks of it right now, not in the preferred direction.

Simple economics dictate that when supply goes up, values go down.  As you can see from the graph, supply is going up and has gone up every month this year.

Status Of Homes For Sale Remains Consistent

The status’ of the homes on the market has remained consistent since the beginning of the year, percentage wise. Looking at the fact that the notices of default keep on coming, albeit at 47% less than last year, it seems as if the foreclosures inventories should be increasing but they aren’t.

The reason for this is that many homeowners are working with their lenders to get loan modifications and some are going the short sale route.

Still, foreclosure sale after foreclosure sale is being postponed. In fact, 29% more postponements than the same time last year and 16% more postponements than last month.

I’ve heard that recovery really isn’t in the cards for our region economically until 2014.

I hope that’s wrong.  What we need right now is a huge bright spot something to get a smile on the face of the region.  A few more jobs would help.

I’m smiling anyway..regardless of what’s going on.

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Tags: homes for sale rocklin, Lincoln, Roseville, sacramento

Stanford Ranch, Rocklin Home Sales Report

All Sales from 10/1 to 10/15

In comparison to other months over the same time period, October has been a solid month of home sales in the Stanford Ranch community in Rocklin.

Our community has been hard hit with value declines, it’s good to see sales continuing.

13 homes have sold/closed with a median sales price of $285,000 from 10/1 to 10/15.

The average home sold in this time frame is 2318 square feet, priced at $148.11 square feet, 3 bedroom with 2.5 baths.  The average selling price on this home is $337,942 and sold in 55 days.

Searching for home in Rocklin, 95765?  Click here to search all homes available!

Homes for Sale in Stanford Ranch, Rocklin

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Tags: homes for sale rocklin, homes sold in rocklin

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.

Search Homes for Sale In Rocklin, Click Here

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!

Tags: homes for sale rocklin

Home Sales Report – Rocklin – 95765 August 2009

Sales Remain Steady

So far in 2009, sales of home in the Rocklin zip code of 95765 have remained relatively consistent.

On average in 2009, 36 homes sell monthly.  While that’s below the monthly sales pace of 2008 (39 homes per month) it’s still very consistent.

So far this year, the average home sold in 95765 has 4 bedrooms, 2.5 baths, 2482 square feet and sells for an average price of $349,911. So far this year, 287 homes have sold in 95765.

In the same period last year for the same home, the average sales price was $408,339, a decline in the average sales price of roughly 16%, and 313 homes sold.

Looking for a home in 95765?  For all homes for sale, click here.

For homes in this zip code in a specific price range, click here then scroll down to the bottom of the page.

Average Sales Prices – 95765

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Tags: homes for sale rocklin, real estate agents rocklin