If a return to non-distressed property sales is the sign of a normal, healthy real estate market, then Carmichael is definitely showing signs of robust health. Foreclosure sales fell 53.8% year over year and short sales fell a corresponding 57.1% for the same period. Non-distressed properties gained 13% in sales. Overall, however unit volume fell by 18.6%. A total of 35 homes sold in the area of Carmichael, as compared with 43 last August. Today, 74.3% of all sales are non-distressed as compared with just 53.5% last August.

If that wasn’t enough to make you breathe a sigh of relief, here’s another statistic: for the first time in many months, we see an increase in year over year sold price per square foot average. From $176.05 in August of last year, it has now jumped to $188.66. Interestingly enough, homebuyers also bought homes on average 19% smaller this year than they did the last. Average sales price in Carmichael is now $300,867 which is 13% under last August’s $346,409 but the more accurate measure is average price per square foot. Median sales price is $247,000.

Inventory is at 5.8 months based on the last year of sales and 5.7 months based on the last six months of sales.

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