We’ve compared the August real estate market statistics for the South Land Park / Greenhaven area in Sacramento (95831) for single family homes. Based on 32 homes sold this year and 38 sold last year, South Land Park owners are still seeing property appreciation, but the rate of growth has slowed somewhat from the heyday of 2002-2004. For example, in 2004 the average single family home sold for $448,406 and was 2,053 square feet. This year’s average was $510,202, an increase of 13.8%. However, when adjusted for the smaller size of the average sold home in the area this year (1997 square feet), the increase actually works out to be a more “respectable” 18.1%.

It’s a sign not only of the strong national market but our strong local market that we’re somewhat disappointed to see price appreciation at less than 20% in a given neighborhood.

In terms of days on market, this year’s average of 29 days compares favorably to last year’s (30 days). We’ll see if these numbers can be maintained as we move into Fall — currently we have almost three months (2.94 months) worth of inventory to sell in South Land Park.

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