As elsewhere in Sacramento county, Citrus Heights is seeing its foreclosure sales dwindle. Year over year, 48% fewer foreclosures sold this August, while short sales saw an impressive jump up of 187.5%! Even sales of non-distressed properties saw an increase for the same period – of about 95%. Overall though, unit volume was at a negative 3%. 102 homes sold this August as compared with 105 last August.

Average sold price per square foot is currently $125.13, which is 14% lower year over year from a high of $145.58. Average sales price rests at $185,500 which is 6% under last August’s high of $197,247. Median sales price is at $175,500 which is 10% lower for the same period. However, since homebuyers afforded themselves homes on average 9.4% bigger this month than they did a year ago, the more accurate measure of home values is the average price per square foot.

Inventory in Citrus Heights is at 2 months. Foreclosure inventory is at 0.4 months.

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