This month we saw an increase in unit volume sales in the city of Carmichael. 52 homes sold in the month of June – an increase year over year in real estate sales by 18.2%. Foreclosure sales remained at almost the same number, which is an oddity in a county where elsewhere foreclosure sales are falling at a rapid rate. Short sales more than doubled year over year while non-distressed sales fell 21% for the same period. Overall, home buyers seem to be gravitating towards short sales more than non-distressed homes or foreclosure sales. 1 out of 3 homes sold today is non-distressed.

Average price per square foot is now $152.92 which is 1.2% lower than it was a year ago when it was $154.82. Home buyers also seemed drawn to smaller homes – the average sold home in Carmichael this month was 7.5% smaller than it was a year ago. Average sales price is currently $257,227 which is 8.7% lower year over year from a high of $281,637. However, keep in mind that the more accurate figure here is the average price per square foot. Median sales price fell 10.9% year over year from $248,450 to $221,250.

Real estate inventory in Carmichael is currently at 5 and a half months.

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