31 homes sold in the Fair Oaks area this month, and as elsewhere in Sacramento county, non-distressed sales have increased by leaps and bounds. Overall inventory itself increased by 24% year over year. Foreclosures fell by 41.7% as compared with foreclosure sales in April of last year. Foreclosures now make up just 22.6% of all sales in the area. Short sales increased by 66.7% while non-distressed sales increased 90% year over year. 61.3% of all homes sold in Fair Oaks are now non-distressed sales.

Average price per square foot is now $154.76 which is 5.2% higher than it was a year ago. Last April, average sold price per square foot was $147.15. Average sales price is now $288,940 which is 5.3% higher than it was a year ago when it was $274,472. Median sales price has also jumped 16.4% year over year to rest at $270,000 from $232,000 last April.

Inventory in Fair Oaks is now at 6.4 months based on the last year of sales and 7.1 months based on the last six months of sales. Foreclosure inventory is right around 2 months while short sale inventory is at a year and a half.

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