The Greenhaven or “Pocket Area” of Sacramento as it is called didn’t do as well this month as some of the previous months reported. With just 19 homes selling in December, it suffered a unit volume decrease of 9.5% year over year. Sales were quite evenly divided between distressed and non-distressed; in other words, the balance this month was worse than a year ago at about the same time when two-thirds of all homes sold were non-distressed. Homebuyers are beginning to show an interest in short sales however and that can only be seen as good news. There was an increase in short sales by 300% year over year.

Average price per square foot is not $163.65 which is 3.8% under what it was a year ago when it was $170.20. Average sales price of a home is now $297,755 which is 2.8% lower than it was last December. Median sales price currently sits at $280,000.

Inventory in Greenhaven is at 4.8 months based on the last year of sales and 4.3 months based on the last six months of sales.

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