Sacramento Real Estate Blog

The real estate landscape in Orangevale is mostly unchanged since last month. 16 foreclosures, 2 short sales and 4 non-distressed homes have sold in this little community close to Fair Oaks, which makes 82% of all sales now distress sales. Foreclosure sales have picked up the most, not surprisingly since last year - they are up by 78%. Conversely, non-distressed sales are down by 43%. Unit volume is up by an almost negligible 22%.

Average sold price per square foot is down again - it is currently $145.72. That’s a drop of $21.8% over last December’s high of $186.46. Average sales price is also down for the same period. Currently at $225,418, it siginifies a drop of 20.3% over last December’s high of $282,940. Median price has also fallen 22% - from $263,202 to $205,000 for the same period.

Inventory is at 5.4 months based on the last year of sales and 5 months based on the last six months of sales.