Natomas Real Estate Market Update
The Natomas area of Sacramento encompasses 95833, 95844, 95835, 95836 and 95837. This is an area of Sacramento that has seen a dramatic rise in the number of foreclosures over the last year, with correspondingly steep price drops. As a result, demand is now quite strong in Natomas.
This year the average home sold in Natomas for 272,810, down 29.8% from last year’s average of $388,821. Sold price per square foot fell 29%, from $201.59 in May of 2007 to $143.08 in May of 2008. In May of 2007, only 15.4% of the homes sold were either short sales or foreclosures. By May of 2008, that number had risen to 79%. As a result, unit volume more than doubled during this period, from 65 units in May of 2007 to 138 units in May of 2008.
Even with all that activity, however, there remain 8.4 months of inventory in Natomas. Another strong month or two could easily put a dent in that, however.
The tables below have the numbers for May 2007 and May 2008 and the change during this period.
Unit Volume Data
| Units Sold | May, 2007 | May, 2008 | Change | |
| Foreclosures Sold | 4 | 100 | 2400.00% | |
| (% of total units) | 6.15% | 72.46% | ||
| Short Sales Sold | 6 | 9 | 50.00% | |
| (% of total units) | 9.23% | 6.52% | ||
| Non-distressed Sold | 55 | 29 | -47.27% | |
| (% of total units) | 84.62% | 21.01% | ||
| Total | 65 | 138 | 112.31% | |
Price Data
| Prices | May, 2007 | May, 2008 | Change | |
| Sold Price / Square Foot | $201.59 | $143.08 | -29.03% | |
| Average List Price | $388,821 | $272,810 | -29.84% | |
| Average Sale Price | $382,352 | $267,429 | -30.06% | |
Inventory
| Sold Last 12 Months | Active | Months of Inventory |
| 917 | 642 | 8.4 |
