Sacramento Real Estate Views

Roseville Real Estate Statistics – October 2008

Roseville Home Sales Down In October 30%

Roseville home sales took a significant dip in October vs. the August sales.  In August there were 196 sales, that includes all Roseville zip codes and in October only 137 homes sold, a drop of 30%.  That’s a rather significant drop in sales over a two month period even with the normal seasonal slowdown for this time of year.

Rocklin sales also dipped but it was less dramatic than Roseville.  It would be pure speculation on my part as to why this occurred but we’ll see how the rest of the year shapes up.  Foreclosures are artificially down for the moment and that could be a contributor.

Year over Year Roseville Home Sales Increase

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Statistics: Homes Sales in Roseville Increase

48% Increase in Sales 2007 to 2008

The encouraging news with all of the negative things going on in the economy is that homes are selling.  The activity has been increasing all year in the South Placer county area with increases across the board with few exceptions.

As the graph shows, from September 2007 to September 2008, sales increased 48% with 156 homes selling in 08 vs. 80 sales in 07 combined in all zip codes of Roseville.  A majority of that activity is short sale and foreclosure based but and increase is an increase.  This is helping the reduction in inventory that we’re seeing across the region.

Median Sales Prices in Roseville Real Estate

The increase in sales is directly proportional to the decrease in values in the area although Roseville and other South Placer county price declines have not been as dramatic as other areas of the region.  Roseville is one of the best cities in the region with lots of parks, a great school system and it’s own electric company that helps to keep energy costs down for residents.

Median sales price year over year has decreased a little over 18% from September 2007 numbers. Acceptable, all in all, considering what’s going on out there.

Current Days On Market in Roseville Real Estate

It’s taking less time to sell a home in the region that it did a year ago.  The Roseville real estate market is no exception to this. Last year, the market seemed to be asking “ok, what the heck is going on here?”  Besides prices being unaffordable, no one knew quite what was looming on the horizon and only the extreme minority could even have been close to predicting what has occurred, especially over the last few weeks.

The average days it takes to get a home sold has improved by 56% over the last year.  In September 07, the average was 61 days vs. 39 days in September of 08.

Year to Date Sales in Roseville Real Estate

Sales this year have increased every month.  Again, regardless of the negative aspects of the market, movement is a good thing.  Backsliding or stagnant sales isn’t good for our economy.

With exception to the seasonal slowdown in September, the Roseville real estate market has increased every month this year.

The Synopsis? It’s a Buyers Market in Roseville Real Estate

This all adds up to the fact that it’s a buyers market in our region at the moment.  If you’re looking to buy or sell a home in the Roseville area, please contact me, I’ll be happy to help you purchase or get your home sold as quickly as possible.

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Rocklin Homes Sales – August

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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