Sacramento Duplex Market
The inventory of duplexes in Sacramento County grew in November as unit volume slowed from October. Forty-three duplexes sold through the MLS in Sacramento County in November, compared to seventy units in October and eighty-four units in November of 2004.
The average duplex sold in November for $441,400, or 99.2% of the average list price of $444,881. The median sale price was $423,000. The average sale price this year represents a 15.6% increase over the average sale price of last year.
Average days on market were up 28%, from 29 last November to 37 this November. The expireds to sold ratio increased even more dramatically, from a meager 13.1% last November to a hefty 86% this November.
On a personal note, this morning I was doing some searching for a client for duplexes including 3 bedroom units, and I saw many nice possibilities in that group. The upside of high inventory, of course, is lots of good inventory if you’re a buyer — you just have to weed out the turkeys as you do in any market.
