Sacramento Real Estate Blog

Hope you had a good and scary Halloween weekend because if you’re looking to be scared by the real estate prices in Orangevale, you’re not going to find anything here. Prices actually climbed month over month in Orangevale from $145.72 to $152.12. This is still a year over year decline of 12.9% but that may change soon enough. Average sales price now rests at $231,497 again down by 14.4% year over year. Median sales price holds steady at $205,000.

32 homes sold this month down 8.6% year over year. The biggest drop was of course in foreclosure sales which fell 52.6% for the same period. Short sales gained 100% in sales and non-distressed property gained 10%. The percentages seem large, but really only 6 more short sales closed escrow along with just 1 more non-distressed property. So, apart from foreclosure sales falling, the market seems to be regaining some of its stability in Orangevale.

Orangevale has 4.2 months of overall real estate inventory based on the last year of sales and 3.8 months based on the last six months of sales. Foreclosure inventory is right around 1 month.