Sacramento Real Estate Blog

In June, Condos in Sacramento County fared about the same as Sacramento County real estate in general.  The eighty-two condos that sold in Sacramento County in June fetched an average price of $243,786 in June, down 6.6% from last year’s $261,129.  The median price dropped 2.6%, from $228,500 to $221,500.  With this year’s average footprint being somewhat larger than last year’s, the average sold price per square foot dropped a more dramatic 9.9% from June to June, being $223.95 last year and $205.26 this year.

The drop in unit volume from June to June was less dramatic for condos at 14.6% than it was for single family homes (31.9%).  If you think about it, that means that condos made up a bigger percentage of the total sales this year than last year.  Sure enough, last June condos accounted for 6.5% of total sales, versus 8.1% this year.

Inventory numbers are slightly higher for condos (11.2 months) than for single family homes (10.1 months). The expired to sold ratio is slightly higher for condos than for single family homes, but in this case the difference really appears to be marginal.