We all have our prejudices. When I think about “starter homes” or “first time buyers”, I often think about Citrus Heights. To me, this area brings together a good location with decent neighborhoods, coupled with older, somewhat smaller homes that are still within reach of first time buyers (at least by comparison to Midtown, for example, or suburbs such as Cameron Park or Roseville).

I bring this up to preface this Citrus Heights real estate market update, because I believe it explains why the numbers are somewhat less “soft” in Citrus Heights than elsewhere. For example, instead of being up around six months, Citrus Heights inventory is only 3.6 months — somewhat low by recent Sacramento County standards.

In other respects, the numbers are somewhat typical. Cost per square foot increased 12.6% from November to November. The average home sold through the MLS in Citrus Heights in November listed for $358,889 and sold for 98.7% of list at $354,226. The median sale price was $344,250, up 14.8% from a year ago.

The expired to sold ratio has gone up a good deal over the last year in Citrus Heights, though at a current level of 44.1%, the increase is not as dramatic as it’s been in other areas. Unit volume last November was 131 homes sold, while this November it’s 102 homes. Days on market are up from 23 days last year at this time to 37 this November.

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