Sacramento Real Estate Blog

39 homes sold in all in the city of Fair Oaks in June 2010. That number was an overall unit volume increase of 18.2% year over year. Of the 39 homes, 11 were foreclosure sales, 9 were short sales and 19 were non-distressed homes. Overall, it seems as if the market is relatively unchanged from last June. Roughly 1 out of 2 sold homes is not distressed. The increase in unit volume was evenly dispersed over all three categories we track.

Average price per square foot is currently $155.92 which is on overall drop of 4.8% year over year. Average sales price fell 6.9% from a high of $288,042 last June to rest at $268,253. Median sales price also fell but not very far from $241,000 to currently $237,000. That is a drop of 1.7% year over year. Home buyers also preferred houses on average 2.2% smaller this June over last June.

Inventory in Fair Oaks is at 5.8 months based on the last year of sales and 6.1 months based on the last six months of sales. Foreclosure inventory is at 1.2 months no matter how you look at it.