Sales are now neatly balanced between distressed and non-distressed sales in the Arden-Arcade area. A total of 96 homes sold in the area of which 34 were foreclosures, 13 were short sales and 49 were non-distressed sales. Year over year, this represents a drop of 33.3% in foreclosure sales and 2% in non-distressed sales. Short sales on the other hand gained 225% year over year. Overall unit volume is down 8.6%.

Average sold price per square foot fell again since last month, unlike elsewhere in Sacramento county where we have seen it rise. It is currently $160.47 down 18% year over year from a high of $195.77. Average sales price peaked this month at $240,974 – down 16.2% from last June’s high of $287,475. Median sales price shows a 1% increase year over year from $200,000 to $201,920.

Inventory is at 5.2 months based on the last 12 months of sales and 5.5 months based on the last 6 months of sales. Foreclosure inventory is at 1.1 months and 1.2 months respectively.

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