Sacramento Real Estate Blog

Sales have slowed in Greenhaven or the area referred to as the Pocket Area of Sacramento as elsewhere in the county and the decrease is related to the average price per square foot which has gone up year over year.

Overall unit volume has fallen 20% year over year with just 16 homes selling in the month of November: 5 foreclosure sales (a drop of 61.5% year over year) 1 short sale (a drop of 50%) and 10 non-distressed homes (a 100% increase for the same period.) Compared to last November when 3 out of 4 home sales were distress sales, non-distressed sales now make up 3 out of 5 home sales - a marked improvement.

Average price per square foot is now $167.81 - a small increase of 3.7% year over year but an increase anyway. Average sales price jumped 15.7% year over year from $274,220 to $317,258 but homebuyers also bought homes on average 11.6% bigger so the more accurate number here is the average price per square foot. Median sales price is now $295,000.

Inventory in Greenhaven is now at 5.4 months based on the last year of sales and 4.6 months based on the last six months of sales.