Sacramento Real Estate Blog

It has been a while since we looked at real estate sales in the Citrus Heights area. It doesn’t look like we have missed much, however. In fact, Citrus Heights is one of the few places in Sacramento county that seems to have been among the most stable areas in terms of prices.

When it comes to real estate sales, unit volume has fallen 11.4% year over year. 70 homes sold this month. Foreclosure sales have fallen quite dramatically which has no doubt been the biggest reason for declining sales. Foreclosure sales fell 31% year over year while short sales gained 50% and non-distressed property sales increased 38.5% for the same period.

Average price per square foot is pretty similar to what it was the last time we checked in. It is at $116.02, just 1.4% lower than it was a year ago when it was $117.68. Average sales price is now $163,860 down 3.1% year over year. Median sales price is currently $169,000, up 5.6% from where it was last year at this time.

Real estate inventory in Citrus Heights is at 2.3 months based on the last year of sales and 2.5 months based on the last six months of sales.