25 homes sold in Orangevale this month, as compared with 32 last July. That’s a drop in unit volume by 22% overall year over year and the biggest drop has been in foreclosure sales: 54% lesser homes sold year over year in the REO market, but whereas in other places that has been countered by renewed buyer interest in non-distressed sales, the same has not happened in Orangevale. Non-distressed sales fell along with foreclosures, albeit at a slower pace: just 12.5% lower year over year. Short sales gained by 67%.

Sold price per square foot now averages at $145.72 down 27% year over year from a high of $198.80. Average sales price is currently $235,200 down 31% from last July’s $339,875. Median sales price is $210,000, also down 28% from last July.

Inventory in Orangevale is at 4.3 months based on the last year of sales and 4 months based on the last six months of sales. Foreclosure inventory is at 1.1 months and 1 month respectively.

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