Placer County Real Estate Market
Countinuing our look at local real estate markets on a county-wide basis, we turn now to Placer County, Sacramento County’s neighbor to the northeast. As in most local markets we’ve looked at, prices are up, up, up, but sellers are paying the price in terms of days on market and overall number of homes sold.
Placer County’s home sellers sold 476 homes through the MLS in September. The average home listed for $562,768 and sold for 98.1% of list at an average sale price of $552,143. The median sale price in Placer County in September was $485,000.
This year’s homes sold were larger on average than last year. On a cost per square foot basis, Placer County seller’s enjoyed a 15.4% increase in home values from September to September. The unit sales volume of 476 units represents a 16.8% drop from September 2005′s unit volume of 572 units. Average days on market increased 50% during this time, from 26 days in September of 2004 to 39 days in September of 2005. Inventory is slightly higher than in Sacramento, with 4.0 months of residential inventory.
