Sacramento Real Estate Market - Downtown Sacramento (95814)
Metrolist MLS designates two areas as comprising “Downtown / Midtown” in Sacramento, 95816 and 95814. (To see which is which, you may find the zip code maps we’ve published elsewhere, for 95814 and 95816, to be of use.)
Today we look at 95814 by itself, which we have to do with a grain of salt. The reason is that the numbers of homes sold in this area are in general far too low to allow much in the way of generalization, much as you couldn’t guess the average height of the American male either by a single basketball player or horse jockey.
Nevertheless, for the sake of those who live there, we’ll report that this year’s nine sold units was an improvement on the the twelve-month average of four units sold per month. There are fifty-five units in inventory, which works out to a little over fourteen months worth. Only one of the four is an REO, giving us a charmingly low foreclosure rate of 1.8%, but again, remember, our overall sample size is low even at 55 actives.
The average home that sold in 95814 in July sold for $465,737, or about 97% of the average list price of $480,717. The median sale price was $475,000.
