Looking at September’s numbers for Natomas (area code 95835), unit volume was up considerably this year. Eighty residential units were sold this September as against 52 for September of last year. As in other areas, however, homes spent longer on the market this year than last: 30 days on average this year, versus 17 days on average last year.

The average home sold in Natomas in September listed at $497,226 and sold for 99.4% of list, for an average sale price of $494,442. The median sale price in Natomas was $480,000. In September of 2004, in contrast, the average list price was $438,177, the average sale price was $437,039, and the median was $436,500. Thus, the average sale price increased only some 13.1% since last year, but when adjusted for the slightly smaller average square footage this year, the rate of increase was 16.1%.

In terms of inventory, Natomas still seems to be selling fairly well compared to other markets we’ve examined, with only 3.4 months worth of homes in inventory as of 10/6/05.

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