Some interesting changes year over year in the real estate landscape of Land Park – I’m glad I took a peek! 16 homes sold in the neighborhood liked by quite a few homebuyers. This number was 15.8% lower than it was a year ago in May. 3 of these sold homes were foreclosure sales, 2 were short sales and the rest 11 were non-distressed properties.

When dealing with such small numbers of sales, statistics can sometimes seem to jump very high and very low as we see with prices. Average price per square foot is now $274.63 up a whopping 29.8% year over year from a low of $211.64. Homebuyers for some reason also picked up homes 26.3% smaller than a year ago, a glaring difference that makes the average sales price (not based on price per square foot) a little inaccurate. It is now $378,125 down 4.3% year over year from $395,126. Median sales price is now $349,750 down 9.2% for the same period.

Land Park has an overall inventory of 6.2 months based on the last year of sales and 7 months based on the last six months of sales. Foreclosure inventory still hovers around 3 months, one of the largest in Sacramento county.

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