Just 9 homes sold in the Land Park area of Sacramento county this month, an overall unit volume decrease of 35.7% year over year. The majority of homes sold however were non-distressed: 7 non-distressed to be exact for 1 foreclosure and just 1 short sale that closed escrow this month. For an area with already limited real estate sales that Land Park is, this was an overall decline of 50% for both foreclosure sales and short sales and a decline of 30% for non-distressed homes year over year.

Average sold price per square foot is now $247.63 which is an 8.4% drop from last February’s average sales price per square foot of $270.37. Homebuyers on average bought homes 10% larger than a year ago. Average sales price is now $391,722 which is almost the same as it was a year ago when it was $388,850. Median sales price is now $330,000.

Inventory in Land Park is now at 3.4 months based on the last year of sales and 3.7 months based on the last six months of sales. Foreclosure inventory remains fairly high in this area of Sacramento – 2.5 months based on the last year of sales and 3.8 months based on the last six months of sales.

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