Sacramento Real Estate Blog

24 homes sold in the Greenhaven area in the last month of July. This is an overall unit volume drop of 20% year over year, consistent with the volume drop the last time we checked in November of 2009. Of the 24 homes sold, the majority (but just barely) were non-distressed sales. The rest 6 were foreclosure sales and 5 were short sales. Sales dropped 38% year over year for non-distressed homes and 14.3% for foreclosure sales. Short sales were up from 2 last year at this time to 5.

Average sold price per square foot is currently $154.32. This is up 9% year over year from $169.66 last July. Homebuyers preferred smaller homes by far this July with the average home sold sized down to 1738 from 1978 last year. Average sales price fell correspondingly to $268,277 from $335,676 last July. That’s a drop of 20.1% year over year. Median sales price currently rests at $250,000 a fall of 25% for the same period.

Real estate inventory in Greenhaven is at 6.5 months based on the last year of sales and 6 months based on the last six months of sales.