Sacramento Real Estate Blog

Real estate sales in the city of Orangevale have almost doubled year over year, largely due to the non-distressed sales in the area. Foreclosure sales fell 10% from 20 REOs sold last April to 18 this April, which constitutes not much of a difference. Short sales increased 25% while non-distressed home sales were up 300% year over year. 20 non-distressed homes sold in the city of Orangevale in April. Overall, 43 homes sold in the area, an increase of 48.3% year over year.

Average price per square foot is now $141.42 - a 5% increase year over year from $134.70 last April. Home buyers also afforded themselves houses on average 11.6% bigger year over year. The more accurate figure then of price increase year over year is the average dollar per square foot and not average sales price which has jumped 17.2% from $182,032 to $213,353 currently. Median sales price is now $201,000 a 9.6% increase year over year from $183,370 last April.

Inventory in Orangevale is now 5.3 months based on the last year of sales and 5.8 months based on the last six months. Foreclosure inventory is around 1.5 months.