When foreclosures dry up, homebuyers’ interests are peeked by short sales and finally non-distressed sales. Since the entire real estate market is depressed anyway, there are some bargains to be found in non-distressed sales as well. And that’s exactly what has happened with Rosemont. The 95826 area has suffered a 20% decline in unit volume year over year but that’s largely due to foreclosure sales falling 48.8% year over year. Short sales gained 100% and non-distressed also gained 10.5% for the same period. 52 homes sold in all.

Average price per square foot is now $119.19 down 14.6% year over year from $139.62. Average sales price fell 16.7% below last June’s price of $197,066. It is currently $164,227. Median sales price is at $171,050.

Inventory is at 2.5 months based on the last year of sales and 2.8 months based on the last six months of sales. Foreclosure inventory is at 0.5 months and 0.6 months respectively.

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