Like Elk Grove, Sacramento’s Rosemont area experienced price drops in September that were somewhat less sharp than the county-wide average, while enjoying a more pronounced increase in volume.  Sixty-eight homes sold in Rosemont in September, one home short of triple the number a year ago, which was twenty-three.  Of these 68 homes, 43 were bank foreclosures (63.2%), 10 were short sales (14.7%), and 15  were non-distressed sales (22.1%).

The average sold price per square foot in September in Rosemont was $134.76, down 24.76% from last year’s average sold price per square foot of $178.94.  The median selling price was $188,350 in Rosemont, down 24.5% from last year’s median 245,000.

The average sale price in Rosemont in September was $188,350, down 23.2% from last year’s average of $255,635.  It’s a sign of how much the market for foreclosures has heated up that (as we recently reported for Elk Grove) the average home sold for more than asking price.  In Rosemont in September, the average buyer paid an average of $1,635 over list for their home, a little more than 8/10 of 1% over list.

Another sign of the high activity in Rosemont is the extremely low inventory — between 3.2 and 4.3 months, depending how you count it.

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