Sacramento Real Estate Views

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 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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Tags: real estate agents rocklin, rocklin real estate statistics