Sacramento Real Estate Blog

44 homes sold in the Antelope area this month, an overall unit volume decline of 20% year over year. This was to be expected with foreclosure sales falling 59.5% - from 42 homes to just 17 for the same period. Short sales have gained ground from last January, however. They increased in sales by 88.9% year over year while non-distressed homes increased 150%. Overall, Antelope seems like it is recovering - 22.7% of sold homes are now non-distressed as compared with just 7.3% a year ago.

Prices seem to have steadied as well. Average sold price per square foot now sits at $118.48 which is just 0.6% under what it was a year ago when it was at $119.14. Homebuyers however preferred homes on average 9.1% smaller this January than the last and so the average sales price seems to be 9.6% lower year over year. It is currently $184,691 from a high of $204,291. Median sales price is now $186,000.

Inventory in Antelope is at 4.8 months based on the last year of sales and 5.1 months based on the last six months of sales.