Homeowners (and home sellers, I suppose as well) in the Land Park area have quite a bit to smile about and can afford to feel a little optimistic. Whereas in other areas of Sacramento county September has been a bit of a slow month, Land Park seems to be doing better than elsewhere. Unit volume was higher in Land Park by 28.6% year over year and it also included two short sales! Land Park has been in the past averse to getting rid of its short sale inventory so we hope this is a step in the right direction. 2 foreclosures and 14 non-distressed properties also sold. Homebuyers in the area have always seemed to prefer non-distressed homes over distressed, an important fact that gives Land Park its relative stability.

Speaking of stability, average price per square foot rose from last month’s $255.80 to $273.63. It is still 4% under last September’s $284.63 however. Average sales price is currently at $347,018 down 9.3% year over year from a high of $382,786 but since homebuyers bought homes 6% smaller on average this year over last year, the more accurate number here is the price per square foot. Median sales price is now at $319,062.50.

Inventory is at 4.9 months based on the last year of sales and 4.3 months based on the last six months of sales.

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