Greenhaven (Pocket Area) Real Estate Market Update: June 2009
The real estate market in Greenhaven or the “Pocket Area” as it is fondly called has all but come to a halt. Even though unit volume has only fallen by 11.4% which is much less significant a number than other communities in Sacramento county, Greenhaven sees a drop in all categories we have been following. Foreclosure sales fell 10% and short sales also fell, but a much larger 50% over last June. Non-distressed sales reported no gain or loss in terms of sales numbers. They continue to inch upward however and now make up 61.3% of the sales pie as compared with 54% last June.
Average price per square foot in this 95831 area is now $165.88 down 10.7% from last June’s price of $185.82. Average sales price is at $289,644 down 18.4% from $355,027 year over year. Median sales price in Greenhaven currently rests at $272,000 also 18.8% lower year over year.
Inventory is at 4.9 months based on the last year of sales and 5.5 months based on the last six months of sales. Foreclosure inventory is at a little more than a month.
