Sacramento Real Estate Blog

The number of homes sold in Natomas continues to be high compared to other parts of Sacramento in spite of the slowdown in foreclosure sales. 114 homes sold in the area this month as compared with 134 last February, an overall unit volume decline of about 15% year over year. Foreclosure sales fell 43.1% while short sales doubled and non-distressed sales increased 50% for the same period. About 1 out of every 5 homes now is a non-distressed sale.

Average price per square foot is now $108.01 which is 4.8% lower than it was a year ago when it was $113.40. Homebuyers afforded themselves on average homes 6.3% larger this year than the last. The average price per square foot then is the more accurate number while average sales price shows a small increase in price year over year of 1.3% from a low of $199,161. It currently rests at $201,731. Median sales price is now $183,750.

Inventory in Natomas is currently at 4.5 months based on the last year of sales and 5 months based on the last six months of sales. Foreclosure inventory is right around 1 month.