Sacramento’s Arden / Arcade Creek area posted deep losses in value from July to July, with only a moderate increase in volume to show for it.  This July the average home sold for $234,387, down 45.8% from last year’s average of $432,437.  Since this year’s home was substantially smaller than last year, some of that drop is an artifact of smaller homes being sold.  On a sold price per square foot basis, Arden Arcade lost 35.4% of it’s value from July to July, starting at $264.50 per square foot last July and coming in at $170.97 this July.

60.4% of the homes that sold in July were foreclosures, while short sales accounted for another 8.8% of sales.  Unit volume is up 4.6% from last year in July.

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