Nothing much has changed in the Carmichael area in terms of real estate sales or prices year over year. In fact, almost the same number of homes sold at almost the same prices as last December. How’s that for stability? 32 homes sold in the 95608 zip code as compared with 33 last December. Of which, 10 were foreclosures, 3 were short sales and the rest were non-distressed homes. About 60% of all sales remain non-distressed.

Average price per square foot is currently $168.55 which is 3.8% lower than it was a year ago from a high of $175.21. Average sales price fell to $303,973 a seeming decline of 9.6% from $336,430 but that was because homebuyers also bought homes on average 6.1% smaller than a year ago, so the more accurate figure here is the average price per square foot. Median sales price is currently $251,750.

Inventory in Carmichael is at 5.6 months based on the last year of sales and 5.4 months based on the last six months of sales.

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