… And the sales continue! Florin must be our most dependable area for real estate sales, beating even Elder Creek and Fruitridge! 132 homes sold in the area this May, incidentally the same as last May! The difference is that 14.3% less foreclosure sales closed escrow and 143% more short sales did! Non-distressed sales are also up by about 46.2%. An indication that price increases are to follow? Maybe.

For now however, prices are still falling albeit at a slower pace. The current sold price per square foot is at $100.60 – 19.6% less than last May. The average sales price is now $163,166 also 15.7% lower year over year. Median sales price is $148,500.

Inventory in Florin is at 2.6 months whether you consider the last 12 months or the last 6 months as an average, pointing to the stability of sales in this market. Foreclosure inventory is at 0.4 months and 0.5 months respectively.

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