The Natomas area of Sacramento encompasses 95833, 95844, 95835, 95836 and 95837.  This is an area of Sacramento that has seen a dramatic rise in the number of foreclosures over the last year, with correspondingly steep price drops.  As a result, demand is now quite strong in Natomas.

This year the average home sold in Natomas for 272,810, down 29.8% from last year’s average of $388,821.  Sold price per square foot fell 29%, from $201.59 in May of 2007 to $143.08 in May of 2008.  In May of 2007, only 15.4% of the homes sold were either short sales or foreclosures.  By May of 2008, that number had risen to 79%.  As a result, unit volume more than doubled during this period, from 65 units in May of 2007 to 138 units in May of 2008.

Even with all that activity, however, there remain 8.4 months of inventory in Natomas.  Another strong month or two could easily put a dent in that, however.

The tables below have the numbers for May 2007 and May 2008 and the change during this period.

Unit Volume Data

Units Sold	May, 2007		May, 2008	Change
Foreclosures Sold	4		100	2400.00%
(% of total units)	6.15%		72.46%
Short Sales Sold	6		9	50.00%
(% of total units)	9.23%		6.52%
Non-distressed Sold	55		29	-47.27%
(% of total units)	84.62%		21.01%
Total	65		138	112.31%

Price Data

Prices	May, 2007		May, 2008	Change
Sold Price / Square Foot	$201.59		$143.08	-29.03%
Average List Price	$388,821		$272,810	-29.84%
Average Sale Price	$382,352		$267,429	-30.06%

Inventory

Sold Last 12 Months	Active	Months of Inventory
917	642	8.4

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