Rosemont Real Estate Market
Like most areas in Sacramento County, Rosemont experienced sharp declines in prices over the last year. The median home price fell 29.8% from the first quarter of 2007 to the first quarter of 2008, from $307,500 to $216,000. The average home sold this year in Rosemont for $221,287, down 26.7% from last year’s average of $301,786. Sold price per square foot fell 29%, from $219.80 in the first quarter of 2007 to $156.17 in the first quarter of 2008.
Currently there are 9.7 months of homes in inventory in Rosemont, with some 33 homes selling every month and 323 homes available. 36.5% of the available homes in Rosemont are short sales, and 23.2% of sales are bank owned. In contrast, last quarter’s sales were made up of 8.7% short sales, and 59.8% bank owned.
