Sacramento Real Estate Blog

36 homes sold in the Carmichael area this month - an overall unit volume increase of 24% year over year. In terms of sales the market seems well on its way to recovery, although this could just be because owner-occupied homes are still priced to compete with foreclosures and short sales that remain on the market.

Foreclosure sales fell 30% year over year and short sales fell 40% for the same period. Non-distressed sales took the cake in year over year increases - 19 homes sold this month over just 4 last February for a 375% increase in sales! 1 out of every 2 homes sold is now a non-distressed sale, a far cry from a year ago when just 1 out of 10 homes sold was non-distressed.

Average price per square foot is now $137.28 which is 21.6% lower year over year. Last February it was $175.13. Average sales price is now $227,638 down 21.1% year over year from a high of $288,461. Median sales price on the other hand has gained 13% year over year from a low of $192,375 to rest at $217,500.

Inventory in Carmichael is currently a little under 6 months.