A total of 41 homes sold this month in the city of Orangevale, an overall unit volume increase of 24.2% year over year. Of these, 19 were foreclosure sales, 4 were short sales and 18 were non-distressed homes. The good news of course is that non-distressed home sales are up by 100% year over year. Foreclosure sales have of course fallen but not as drastically as other places in Sacramento county. Foreclosure sales have fallen by 17.4%. Distressed and non-distressed properties are now almost evenly divided.

Average price per square foot is not $135.66 down 16.6% year over year. Homebuyers used the opportunity to afford themselves homes 9.1% bigger on average than a year ago. Average sales price is now $236,927 down 9% from a high of $260,467 from last October. Median sales price is now $227,000.

Inventory in Orangevale is at 4.3 months based on the last year of sales and 3.7 months based on the last 3.7 months of sales. Foreclosure inventory is at little more than one month.

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