Citrus Heights real estate continues to see a high demand amongst home buyers. In fact, overall unit volume is up 79.6% year over year in this investor-friendly community in Sacramento county. A total of 97 homes sold here last month of which 69 (or 71.1% of total sales) were foreclosure sales, 13 (or 13.4% of all sales) were short sales and 15 (or 15.5% of total sales) were non-distressed homes. Almost 85% of all sales are now distress sales.

Year over year, foreclosure sales have seen an increase of 115.6% while short sales have seen an increase of 225%. The only sales suffering are of course the non-distressed properties that have fallen 16.7% for the same period.

Average sold price per square foot has dropped 22.1% year over year from a high of $150.39 to $117.09 currently. The average sales price has dropped $23.3% from $214,083 to $164,172. Median sales price for the same period has fallen 32.9% from $230,000 to rest at $154,400.

Inventory for Citrus Heights is currently at 3.4 months (based on the last year of sales) and 3.8 months (based on the last six months of sales.)

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