The Rosemont area of Sacramento has many relatively affordable homes in established neighborhoods, convenient to both Folsom and Rancho Cordova on the east and to downtown Sacramento on the west.  In November, 21 homes sold in both Rosemont zip codes, 95826 and 95827.  The average sale price was $241,400, down 21.4% from last year’s average price of $307,095.  The average sold price per square foot was $176.98, down 19.3% from last November’s average of $219.20.  The median sale price of $244,000 was down 23.1% from last year’s median of $317,500.

The 9.45 months of inventory in Rosemont has a fairly high percentage of Foreclosures (20.8%) and REOs (26.4%) — though slightly less than the average for Sacramento County.  Of the homes that sold in November, 42.9% were bank owned foreclosures, versus only 2.3% last November.

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