Land Park Real Estate Market Update
Homes in Sacramento’s Northern Land Park / Curtis Park area (95818) enjoyed a fairly high price tag of $311.37 per square foot, down only 5.6% from last year’s average of $329.82. With this year’s buyers also picking off the smaller homes, however, the average sold price drop appeared more dramatic. Last May’s average home in 95818 sold for $547,833, while this May the average was $385,126, a 29.7% drop.
With price per square foot still above $300, this area also enjoys a high rate of non-distressed sales 73.7%. Unit volume this year is down about 10%, from 21 units last May to 19 this May. However, inventory is still low in this area at 3.8 months.
