25 Oct
Orangevale Real Estate Market Update
Posted October 25th, 2005 | View Comments
In Orangevale California in the September, 2005 time frame, the average residence (single family detached, condo, or halfplex or the like) sold for $417,749, or 97.4% of the average list of $429,074. The median sale price this September was $374,500.
The average sale price was 12.9% higher than at the same time last year, though the average size home sold this year was smaller. On a cost per square foot basis, the average sale price increased 14.5% from $223 / square foot last September to $256 / square foot this year.
September’s real estate sales in Orangevale were down somewhat in terms of unit volume, with 85 units sold in September versus 97 in September of 2004. Average days on market were up to 37, from 31 days on average last year. Orangevale’s inventory numbers, however, fared much better (lower) than in other markets, with only 2.3 months of homes in inventory.
