Sales fell in Natomas recently – after the big push after foreclosures dominated the market. This month, just 161 homes closed escrow as compared with 199 last September. That’s a unit volume drop in sales of 19.1% year over year. Interestingly enough, both foreclosure sales show a decline year over year at 27% and non-distressed property as well shows a fall of 28% for the same period. Short sales gained 43.5% for the same period. I guess that’s where the bargains are, at least homebuyers seem to think so.

Average price per square foot may be a while recovering in Natomas. It is currently $108.75 which is a 15.7% decline year over year from a high (if you can call it that!) from last September’s price per square foot of $128.99. Average sales price has declined 12.6% from $230,891 last September to $201,887 currently. Median sales price is now under the $200,000 mark at $195,000.

Inventory in Natomas is at 3.7 months.

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