West Sac
The real estate market in West Sac in February shows a significant downturn from last year but some signs of stabilizing. This year’s average home in West Sacramento (95605 plus 95691 combined) sold for $444,146, down 8.3% from last year’s average of $462,644. At the same time, the average size of sold West Sac homes increased 6%, from 1951 square feet on average in February of 2006 to an average of 2068 square feet in February of 2007. On a price per square foot basis, therefore, the average dropped some 9.4% during the period.
Inventory was slightly into the seller’s market spectrum at seven months, but the expired to sold ratio was down quite a bit from last year’s 96.6% to only 44.8%. Unit volume is unchanged at 29 units selling in each February. Over the last year in West Sac, the average monthly sales were approximately 37 units.
Interestingly, people often ask me about West Sacramento and I get the sense that buyers are a little shy on the area. I’m not sure what the roots of that are. What I’ve found in my own work in West Sac is that the area is quite nice overall, has many great neighborhoods to recommend it, and is very competitive in terms of price.
