Sacramento County Duplex Market
Duplex sales in Sacramento County in January, 2006 were off almost 50% from January of 2005. Last January 67 units were sold county wide through the multiple listing service, while this year the number had shrunk to 34. The expired to listings ratio has gone up considerably as well, from six percent (four total expired listings) last January to 102.9% (35 expired listings — one more than sold) this January. Inventory is fairly high at about 9.4 months.
On the positive side, appreciation has been good, with the median sale price increasing 19.9% from last January’s $390,000, to a median sale price this January of $467,500. The average sale price was $474,604, or 99.6% of the average list price of $476,298.
