Sacramento Real Estate Blog

Foreclosure sales are down in Rosemont as elsewhere and even with buyer interest being piqued in short sales, that has not helped the overall unit volume which fell 10.4% year over year. Foreclosure sales dropped 40% for the same period while short sales gained ground by 140%. There was no change in the non-distressed sales. A total of 43 homes sold. Distress sales still take up the majority of the market (2 out of 3 homes sold) but the balance between short sales and foreclosure sales seems to be shifting.

Average price per square foot is now $110.58 which is a 15% change for the worse year over year. Last December average price per square foot was $130.13. Average sale price currently rests at $159,300 also 15% down from last December’s $187,331. Median sale price is now $165,000.

Inventory in Rosemont is at 4.1 months (based on the last year of sales). Foreclosure inventory is still higher than it is in most areas of Sacramento at 1.4 months. Short sale inventory is at 15.5 months.