A total of 35 homes sold in Orangevale this month, an overall unit volume increase of 34.6% year over year. Unlike in the rest of Sacramento county, Orangevale has not seen a reduced homebuyer interest in foreclosure sales. 18 of the homes sold were REOs which was a 20% increase year over year and 9 of the homes sold were short sales, which is a 125% increase for the same period. Non-distressed sales remained almost the same as last year at this time. Approximately 4 out of 5 homes sold in Orangevale are still distress sales.

Those statistics don’t bode well for prices. Average price per square foot has fallen 19.1% year over year from a high of $157.93 to a low of $127.70. Average sales price is now $184,532, an overall drop of 20% year over year. Median sales price sits at $188,000.

Inventory in Orangevale is at 4.9 months based on the last year of sales and 5.2 months based on the last six months of sales. Foreclosure inventory is around 1.5 months.

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