Sacramento’s Pocket Area Real Estate Market
June was a good month for Sacramento’s Pocket Area (95831), with a combination of strong sales volume and low inventory. Of course there’s the usual background of a declining market to talk about, but the Pocket’s June numbers compare favorably with the county as a whole.
In June, the average home sold in the Pocket area for $355,027, down 8.8% from last year’s average of $389,110. Sold price per square foot fell more sharply, down 16.3% from last year’s $221.95, to an average of $185.82 per square foot this year. Some 54.3% of all sales in the Pocket area were non-distressed in June, compared to 25% for the county at large.
Even though the Pocket area has held its value well from June to June, it still posted a respectable 59.1% increase in sales volume from year to year. Of course, the Pocket area is not all that huge, so statistical significance is low.
The other good news for the Pocket area is that there are only 3.9 months of non-distressed inventory, and only 3.7 months of inventory overall.
The tables below give more information on the Pocket area.
Unit Volume Data
| Units Sold | June, 2007 | June, 2008 | Change | |
| Foreclosures Sold | 1 | 10 | 900.0% | |
| (% of total units) | 4.5% | 28.6% | ||
| Short Sales Sold | 0 | 6 | N/A | |
| (% of total units) | 0.0% | 17.1% | ||
| Non-distressed Sold | 21 | 19 | -9.5% | |
| (% of total units) | 95.5% | 54.3% | ||
| Total | 22 | 35 | 59.1% | |
Price Data
| Prices | June, 2007 | June, 2008 | Change | |
| Sold Price / Square Foot | $221.95 | $185.82 | -16.3% | |
| Average List Price | $396,683 | $367,621 | -7.3% | |
| Average Sale Price | $389,110 | $355,027 | -8.8% | |
Inventory (Based on 12 months of prior sales)
| Sale Type | Average Sales Per Month | Active | Months of Inventory |
| All Sales | 23 | 95 | 4.0 |
| Foreclosures | 5 | 14 | 2.8 |
| Short Sales | 1 | 19 | 16.3 |
| Nondistressed | 17 | 62 | 3.6 |
Inventory (Based on 6 months of prior sales)
| Sale Type | Average Sales Per Month | Active | Months of Inventory |
| All Sales | 25 | 95 | 3.7 |
| Foreclosures | 7 | 14 | 1.8 |
| Short Sales | 2 | 19 | 9.5 |
| Nondistressed | 16 | 62 | 3.9 |
