Much like East Sacramento, Arden-Arcade has shown an uptick in sales this month. Overall unit volume was up by 14.3% even though foreclosure sales fell by 14.5%. The biggest winners were short sales which gained 87.5% year over year. Non-distressed homes also gained 50% for the same period. A total of 104 homes sold in the area this July as compared with 91 last July.

40.4% of all sales are now non-distressed while foreclosures take 45.2% of the sales pie and short sales 14.4% of the overall sales in Arden-Arcade.

Average sold price per square foot was $138.94 down 18.7% year over year from a high of $170.97. Average sales price was $193,720 down 17.4% from last July’s $234,387. Median sales price rests at $162,500 down 14.5% year over year from $190,000.

Inventory is at 5.1 months based on the last year of sales and 5.3 months based on the last six months of sales. Foreclosure inventory is at 0.8 months and 0.9 months respectively.

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