Sacramento Real Estate Blog

Rosemont saw a unit volume decline of 25.7% year over year! Not surprising considering distressed property seems to be losing favor with homebuyers in the area. Just 26 foreclosures sold this month as compared with 43 in September of 2008. Short sales also declined by 40% - from 10 to just 6 this month. Non-distressed property sales rose by 17.6% year over year. Perhaps the most important statistic is that non-distressed sales now make up 38.5% of all sales, as compared to just 24.3% from a year ago.

Average price per square foot though has yet to benefit from this turn of sales. It is currently $116.02 as compared with $134.67 from a year ago. That’s a decline of 13.8% year over year. Average sales price now rests at $165,081 down 12.1% year over year from a high of $187,754. Median sales price in Rosemont is now $160,275.

Inventory in Rosemont is at 3.4 months.