Sacramento Real Estate Blog

Sacramento’s Natomas area — which consists of the areas 95833, 95844, 95835, 95836, and 95837 — is one area that’s experienced a large number of foreclosures, and where as a result, prices have fallen hard and buyer interest is now very high.  “On paper”, from June of 2007 to June of 2008, prices in the Natomas area fell only slightly more than in Sacramento County as a whole, losing 34.% on a sold price per square foot basis, versus a county-wide 33.4%.  However, as we’ve written about before, county-wide price drops tend to be somewhat inflated because lower priced areas are over-represented.  So when you discuss a smaller area like Natomas, these large double digit price drops are more meaningful than they are over the whole county.

Therefore it’s not surprising that even though the paper difference in price drop is small, the unit volume boost in Natomas has been great even by Sacramento County standards.  Eighty-eight homes sold in Natomas in June of 2007, whereas 203 homes sold in June of 2008, an increase of 130.7%!

The average home sold in Natomas in June for $251,122, down 35.4% from last year’s average of $386,666.   With the bargains to be had, there is some degree of competition taking place.  Buyers paid an average of 99.26% of the list price for their Natomas home in June, and almost half the homes that sold (42.9%), sold for a selling price that was higher than the list price.

Some more statistics for Natomas are below.

Natomas Real Estate Unit Volume Data

Natomas Price Data

Residential Inventory (Based on 12 months of prior sales)

Residential Inventory (Based on 6 months of prior sales)