September has been a slow month of real estate sales for Carmichael. Just 37 homes sold in the area which accounted for a unit volume drop of 24.5% year over year. In face, sales in every category fell except for non-distressed properties. Foreclosure sales fell 56.5% year over year while short sales fell 62.5% for the same period. Non-distressed sales rose by 33.3%. Perhaps the most marked change we see in the Carmichael real estate market is the market share that non-distressed property sales now take up as compared with last September – from being just over a third of all sales, these non-distressed homes are now 65% of all properties sold!

Average sold price per square foot sits at $166.26 which is a decline of 5.3% year over year from a high of $175.65. Average sales price rests now at $303,526 as compared with $305,023 from a year ago. Median sales price is now $260,000. Homebuyers also on average bought homes 5.3% bigger this September than the last.

Inventory in Carmichael based on the last twelve months of sales is at 6.2 months and based on the last six months of sales is 5.7 months.

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