What Metrolist calls Sacramento’s Arden-Arcade area is a fairly heterogeneous mix of neighborhoods, including the areas in the four zip codes 95841, 95821, 95864 and 95825.  Nevertheless we follow tradition by simply calling it Arden-Arcade or Arden-Arcade Creek.

Overall, this area continued to command higher than average prices in September, though like most areas in Sacramento the numbers are down significantly from last year.  The average home sold in Arden-Arcade for $167.78 per square foot, down 26.4% from last year’s average of $228.09 per square foot.  With this year’s crop being significantly smaller than last (1358 square feet versus 1656 square feet), naturally the average sale price fell even more, 39.7%, fro $377,873 in September of 2007 to $227,954 in September of 2008.  The median price fell 44%, from $339,500 to $190,000.

Volume rose from year to year in Arden-Arcade, though not as quickly as in the rest of the county.  Unit volume rose 47.3% from September to September.  There are about 6.5 months of active inventory in Arden-Arcade, 48% of which are non-distressed homes.  The other 52% are either short sale listings or bank foreclosures.

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