Sacramento Real Estate Blog

Those of you who read the recent “article” (more of a table really) about where the foreclosures are have probably already surmised that I have become one with Structured Query Language and Excel. Be afraid, be very afraid: nothing resembling an essay is slipping by these days, just a lot of good wholesome database results.

With this in mind, the table below lists average sold price per square foot for several areas in Sacramento County, El Dorado County, and Placer County.  Averages are based on sales from March 1st, 2008 through approximately April 28th, 2008.

I hadn’t realized until running the numbers how the combination of high prices and small home size in the downtown area had done so much to keep this figure so high for downtown.  I had expected Granite Bay to be the highest value, but it comes in at #8.   There were a few other surprises as well, probably the result of a small sample size.

Sold price per square foot can sometimes be thrown off as well by the old “Garbage In / Garbage Out” method.  Sometimes I’ll see listings where an agent enters “99999″ in the square foot field, for example.  I do try to filter that out when I query the database for you, but you never know, there may still be some red herrings in the data. 

For all of that, this should be a fairly good thumbnail guide — you’ll of course want your Realtor® to run comps on specific properties that are like the one you’re interested in and not make a buying decision based on this table.