Natomas Real Estate Market
We lumped three zip codes together when dealing with Florin, now we’ll tackle the no less than five zip codes that the MLS considers “North Sacramento / Florin / Del Paso Heights”: 95833, 95834, 95835, 95836, and 95838.
The average home in Natomas sold for $292,763 in November, down 16.5% from the $350,415 average of November of 2006. The median price fell 16.2% from year to year, from $340,000 last November to $285,000 this November. Sold price per square foot fell 22.3%, from $215.11 last November on average to $167.20 this November.
Currently there are 13.5 months of inventory in Natomas. Of this, 27.1% are bank owned foreclosures, and 35.1% are short sales. Of the 92 units that sold in November, 33 were bank foreclosures (35.9%).
Related links:
How Have the Credit Crisis and Bailout Affected The Real Estate BusinessSacramento County Real Estate — Sold Prices and Unit Volume Charts
Sacramento County Real Estate Market Review :: September, 2008
