Homebuyers lately definitely seem taken by the idea of smaller homes. We’ll have to see if this is just an indication of the times and the return to McMansions happen soon or this trend is here to stay for generations. For now however, it is as true in Greenhaven as it is elsewhere in Sacramento county: homebuyers are buying smaller homes. The average home sold in the Pocket area this month was 7% smaller than it was a year ago.

Sales remained fairly consistent – 21 homes sold this August as compared with 24 last August. Of these 5 were foreclosures, 2 were short sales and the rest 14 were non-distressed properties.

Average price per square foot is now $178.03 which is a 4.6% drop from last August’s price of $186.55. The average home in Greenhaven now sells for $293,810 as compared to $331,121 last August which indicates a fall of 11.3% year over year. Median sales price in the Pocket area is $292,000.

Inventory is at 4.5 months based on the last year of sales and 4.2 months based on the last six months of sales.

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