Natomas had been posting some impressive numbers for sales recently and perhaps that was because of all the new homes or relatively new homes that were in foreclosure. Home buyers were impressed with the size and the lack of repairs they had to make and those homes were bought rather quickly. In July, that pace has slowed. Foreclosure sales fell by 40% this month year over year going from 157 homes sold to just 94 this July. Short sales gained ground however with 150% increase in sales. Non-distressed sales remained in keeping with last July at 35 sales. Overall unit volume fell by 20.8% year over year.

Average price per square foot is now at $107.93 – that’s an 18.8% drop year over year from a high of $132.93. Average sales price also suffered a decline of 21% year over year to rest at $192,117. Median sales price is currently at $190,000.

Inventory in Natomas is at 3.6 months based on the last year of sales and 3.7 months based on the last six months of sales. Foreclosure inventory is at 0.5 months.

Comments are closed.