Sacramento Real Estate Blog

Whereas elsewhere in Sacramento county, lower foreclosure inventory has forced a slowdown in the real estate market, Orangevale seems immune to it. Overall unit volume is 43.2% higher year over year in this area. 53 homes sold in Orangevale in May: 31 foreclosure sales (58.5% of all sales), 12 short sales (22.6% of all sales) and 10 non-distressed properties (18.9% of all sales.)

Average sold price per square foot is currently $141.53, which is 18% lower than it was a year ago. Average sales price is $208,803 which is 26.7% lower than a year ago. However, keep in mind that here the average sold price per square foot is the more accurate number since homes sold were also on average 10.7% smaller than they were a year ago. Median sales price is currently $200,000.

Inventory in Orangevale is at 4.2 months based on the last year of sales and 4.4 months based on the last six months of sales. Foreclosure inventory is at 1.1 months no matter how you look at it.