It’s been a while since we took a look at our favorite real estate market – East Sacramento. The last time we took a look in the month of February the market was busy on its road to some sort of stability and recovery. I’m happy to report that it seems fairly stable and recovering still.

46 homes sold in this last month, an overall unit volume decline of 11.5% year over year. Foreclosure sales alone fell 62% for the same period while short sales and non-distressed property received buyer interest to rise 60% and 15.4% respectively year over year. 65.2% of all sales are now non-distressed up from just 50% of all sales last May.

Average price per square foot has risen to $232.13 – up 6.8% year over year from a low of $217.45. Average sales price has also gone up from $288,529 to $303,203. That’s a rise of 8.1% since last May. Median sales price has jumped 19% in the same period from $250,000 to $297,450.

Real estate inventory in East Sacramento is now at 4.6 months based on the last year of sales and 5.1 months based on the last six months of sales.

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