Sacramento Real Estate Blog

Since we last took a look at East Sacramento, prices are faring quite a bit better, but let’s get to that in a bit. First, let’s look at unit volume. A total of 52 homes sold in the area in May, an overall unit volume increase of 57.6% year over year. Of these 21 were foreclosures, 5 were short sales and 26 were non-distressed sales. Overall, sales are perfectly balanced between distressed and non-distressed properties. Foreclosures have gained 133.3% year over year, but non-distressed property sales have gained slightly as well over last May - 13% overall.

Sold price per square foot looks quite a bit better than it did last September when it was at $190.40. It is currently at $217.45, a drop however year over year of 6.5%. Average sales price currently rests at $280,382 and median price at $250,000. Year over year, average sales price is down by 11% and median price is down ay 26.3%.

Inventory in East Sacramento is at 3.8 months based on the last 12 months of sales and 3.9 months based on the last 6 months of sales. Foreclosure inventory is at 0.7 months no matter how you look at it.