Since we haven’t really been keeping up on sales and statistics in the Mather area of Sacramento county every month, I have nothing to compare the real estate statistics here with besides a year ago and the swings are pretty interesting. For instance, total unit volume fell 53.8% year over year, which also translates into 6 homes selling this June over 13 last June. But it is interesting to note that just 3 foreclosures sold this month as compared with 10 last June! The rest were short sales (2) and non-distressed properties (1).

Average sold price per square foot in Mather is now $125.98, a drop of 7.5% year over year. It was $136.27 last June. Average sales price is $206,950, also a fall of 28.6% year over year. If this seems drastic, it is: the average home sold was also 23% smaller than it was a year ago, so the more accurate measure of prices is the average price per square foot, not the average sales price. Median sales price is at $199,150.

Inventory is at 2.6 months based on the last year of sales and 3.2 months based on the last six months of sales. Foreclosure inventory is at 0.3 months and 0.5 months respectively.

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