Sacramento Real Estate Blog

I just ran the numbers for the Sacramento areas of Rosemont / College Greens / Mayhew, which are in 95826 and 95827.  I have a tendency to call the whole area Rosemont, myself, so that’s the convention I’ll use here as well.  Rosemont has been hit harder than average in Sacramento by depreciation over the past year.  (To me that was pretty much expected, since I had a listing there during the price drop which we finally got sold).  The average home sold in Rosemont for $281,760 in June, down 14.5% from last June’s average of $329,378.  Since the average sized home worked out to be about the same size, the sold price per square foot was very close to this figure at 14.4%.  Likewise, the median price dropped 14.3% during this time, from $332,500 in June of 2006 to $285,000 in June of 2007.

On the brighter side, Rosemont’s inventory, though high, is lower than Sacramento’s June average of 10.14 months.  Rosemont in contrast currently has 8.2 months of unsold inventory.  The expired to sold ratio is up to 55.6%, which is somewhat high but not exhorbitantly high.