Sacramento’s Churchill Downs Area, 95829, is an area where you can find good values on relatively newer homes.  Many of the homes here were built in the late 80s and through the 1990s, so the neighborhoods are established yet the homes don’t really feel dated.

Prices here have been hit hard, and the average sold price per square foot is running somewhat lower than the county average.  This July the average home sold for $133.59 per square foot, down 36% from last July’s average of $208.70.  With many foreclosures selling (only 12.2% of homes selling in this area were non-distressed), the ratio of selling price to listing price this July was 100.5%.  In other words, homes are selling on average for about $1,350 more than they’re listed for.  We’ve seen similar results for Antelope — another area with many recently built foreclosures and large numbers of recently built homes.

Though the absolute numbers look small since this is only one zip code with not all of the land devoted to high density use, demand this year has climbed 192.9% compared to last year, with 41 units selling this July versus 14 last July.

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