Home buyers can’t get enough of Rosemont. While elsewhere in Sacramento county sales are beginning to slow, Rosemont continues to surprise those of us that keep track of the numbers. Unit volume sales are still up 93% year over year. 39 foreclosures sold this month – that’s 72.2% of all sales, 10 short sales closed – that’s 18.5% of all sales, and 5 non-distressed homes also sold – a small 9.3% of all sales. Year over year, non-distressed sales have suffered a decline of 28.6% while foreclosures have gained 116.7% and short sales have gained 233% in sales year over year.

Sold price per square foot has declined 22.5% year over year, from $156.84 to today’s $121.56. The average sales price has fallen 26% year over year from $228,413 to $169,145. Median sales price has also dropped 23% for the same period from a high of $220,000 to $169,950.

Inventory in Rosemont is at 3.2 months based on the last 12 months of sales and 3.0 months based on the last 6 months of sales. Foreclosure inventory remains low at 1.2 months and 1.0 months for the same period.

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