Sacramento Real Estate Blog

The real estate market in Carmichael, California (95608) in July was a bit stronger than Sacramento County as a whole. Unit sales were the same as last year at the same time (thirty-six), though less than the twelve-month average (forty-four). The average home sold in Carmichael in July for $416,588, or 95.6% of the average list of $435,906. The average sale price this year was down 8.6% from last year’s average of $455,987, however, unlike many of the snapshots we take, the average size was down somewhat, so the average sold price per square foot was down only 4.2%. The median price dropped dramatically (13.8%), from $429,000 last year to $370,000 this year.

With unit volume staying the same and falling expireds, the expired to sold ratio in Carmichael dropped from 83.3% last year to 58.3% this year.

With 328 units unsold as of this writing, there are currently 7.5 months of inventory in Carmichael, somewhat less than for Sacramento as a whole but still in the “Buyer’s Market” category. The thirty-one foreclosures (REOs) listed in the MLS make up 9.5% of the total.