As soon as foreclosures hit the market in Natomas, they seem to get picked up by home buyers. On average 128 foreclosures sell in the area every month. That’s more than 40 a day! Not surprisingly then, foreclosure sales make up 70.5% of the total real estate sales. Short sales – although gaining momentum – made up only 11.6% of the total market share with the rest 17.9% going to non-distressed sales.

A total of 173 homes sold in Natomas this March: 122 foreclosure sales, 20 short sales and 31 non-distressed sales. Overall unit volume is up year over year by 41.8%. Foreclosure sales are up 58.4% short sales up by 150% and non-distressed sales are down 16.2%.

The average sold price per square foot currently rests at $110.31 down 23.7% from $144.48 a year ago. Average sale price is at $198,368 down 24.4% from $262,287 a year ago and median sales price is at $192,000 down from $255,000.

Inventory is at 3.8 months based on the last year of sales and 3.9 months based on the last six months of sales.

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