Real estate sales in the Arden-Arcade area have picked up since we last took in a look in February of this year but we have yet to see if this is because of the summer/spring bounce in sales or it is sustainable over the year. 88 homes sold in the month of May, an overall increase in sales by 22.2% year over year. Foreclosure sales on the other hand fell by 25%. Short sales jumped 260% (they went from 5 to 18) and non-distressed home sales increased 31.4% year over year. 1 out of 2 homes sold are now non-distressed.

Average price per square foot fell slightly by 6.1% year over year. It currently rests at $164.12 down from a high of $174.73. Average sales price followed the same trajectory to settle at $251,671 from a high of $268,815 last May. That’s a decline of 6.4% year over year. Meanwhile, median sales price gained a miniscule 1% from $179,000 to $180,750.

Overall inventory hovers around 6 to 7 months in the Arden-Arcade area, foreclosure inventory around 2 to 3 months.

The Arden-Arcade area of Sacramento seems to be showing signs of stability. Overall sales and prices are almost unchanged year over year, an almost flat line on the graph. 62 homes sold overall this month as compared with 61 last February. That is a 1.6% increase year over year. Foreclosure sales fell 26.7% year over year while non-distressed home sales gained 40%. Short sales were largely unchanged. Almost 1 out of 2 homes sold is now non-distressed, a marked improvement over last February where 1 out of 3 homes sold was non-distressed.

Average price per square foot remains almost unchanged year over year at $137.68 which is a small increase of 0.4%. Average sales price has fallen 4.8% to reach a low of $182,097 down from $191,189 last February. Median sales price rests at $155,300.

Inventory is at 5.8 months based on the last year of sales and 6.1 months based on the last six months of sales. Short sale inventory however is still relatively high at 18.8 months and 17.6 months respectively.

It’s been a while since we looked at the real estate market of Arden Arcade. The last time we checked in was October 2009 and the average price per square foot has remained the same since then while sales are building up.

61 homes sold this month in the area, of which 13 were foreclosures (an overall drop in sales of 72.3% year over year), 18 were short sales (an increase of 157.1% for the same period) and 30 were non-distressed sales (another increase in sales of 36.4% for the same period.) Overall unit volume however fell by 19.7% year over year.

Average sold price per square foot is now $160.31 which is the same as the last time we checked in but is 11% higher than last January. Interestingly, homebuyers also bought homes on average 6.2% bigger than a year ago. Average sales price currently rests at a high of $252,769 up from $214,451 a year ago. That’s an increase of 17.9% year over year. Median sales price is $185,000.

Inventory is at 5.3 months based on the last year of sales and 5.4 months based on the last six months of sales.

No foreclosures sold in downtown Sacramento this month and unlike elsewhere in Sacramento county the difference was not made up by non-distressed property sales. This led to an overall unit volume decline of 41.2% year over year. 2 short sales also sold in the area. While minor differences look like sweeping changes in this real estate landscape, overall apart from sales going down, the ratio of distress sales to non-distressed has remained fairly the same as last October at 1:4.

Average sold price per square foot has fallen by 2.2% year over year from $288.94 to $282.71. The average home sold was 26% bigger this October than it was last October and that skews the numbers for average sale price. So keep that in mind when I say that average sale price is now $473,290 which is 23.2% higher year over year from a low of $384,235 last October. Median price is now $356,950.

Inventory is at 9.9 months based on the last year of sales and 9.1 months based on the last six months of sales.

The news is good. But I can’t guarantee it will stay that way. I believe that we may be in the middle of a market recovery, at least in certain areas of Sacramento county like Arden-Arcade and east Sacramento. But the short sales in the area and declining sales can change that scenario pretty drastically. So even though the news in Arden-Arcade is encouraging, it should probably be taken cautiously.

Foreclosure sales fell 43.6% year over year from 55 REOs sold in October last year to 31 this October. Short sales rose from 5 sales to 8 for the same period whereas non-distressed property sales also rose from 34 to 39 sales. Overall unit volume however dropped by 17% year over year.

Average sold price per square foot is now $160.34 down just 1.1% from last October’s high of $162.19. Average sales price is now $223,993 up 2.3% year over year from $218,954. Median sales price is now $175,950.

Inventory is at 5.2 months based on the last year of sales and 5 months based on the last six months of sales. Foreclosure inventory hovers around one month. Short sale inventory should be watched. It is at 17.5 months and 16.2 months respectively.

From a lackadaisical August in Arden-Arcade we come to a September that did better than expected by most in terms of real estate sales and prices. 90 homes sold in the area and we see a unit volume increase of 11.1% year over year. Not bad considering that foreclosure sales fell by 21.7% for the same period. Short sales gained 120% and non-distressed sales were also up by 43.3% however. This brings us closer to the balance between distressed and non-distressed property to about 50-50.

Average sold price per square foot is a little higher than it was last month at $144.95. Last month it was $141.84. Nothing to celebrate yet however because year over year it is still a decline of 13.6% from a high of $167.78. Interestingly enough, homebuyers also bought homes on average 15% bigger this September than they did the last. Average sales price thus shows only the smallest amount of decline year over year (falsely so) from $227,954 to $227,004. Median sales price currently rests at $181,500.

Inventory in Arden-Arcade is at 5.5 months based on the last year of sales and 5.1 months based on the last six months of sales.

This has not been a fantastic month for Arden-Arcade on any count. Unit volume has fallen along with price. A total of 81 homes sold in the month of August in the area, which was a unit volume drop of about 21.4% year over year. Foreclosure sales fell by 34.1% and non-distressed property sales also fell by 31%. The only real winners were short sales which gained 250% year over year!

Average sold price per square foot is now $141.84 which is 27.2% under last August’s price per square foot measure. And other numbers aren’t comforting either: the average home that sold for $271,781 last August can today not even hit the $200,000 mark. Average sales price in the area today is $194,537, which is 28.4% lower year over year. Median sales price is now at $165,000.

Inventory in Arden-Arcade is now at 5.1 months based on the last year of sales and 5 months based on the last six months of sales. Foreclosure inventory is at 0.7 months and 0.8 months respectively.

Much like East Sacramento, Arden-Arcade has shown an uptick in sales this month. Overall unit volume was up by 14.3% even though foreclosure sales fell by 14.5%. The biggest winners were short sales which gained 87.5% year over year. Non-distressed homes also gained 50% for the same period. A total of 104 homes sold in the area this July as compared with 91 last July.

40.4% of all sales are now non-distressed while foreclosures take 45.2% of the sales pie and short sales 14.4% of the overall sales in Arden-Arcade.

Average sold price per square foot was $138.94 down 18.7% year over year from a high of $170.97. Average sales price was $193,720 down 17.4% from last July’s $234,387. Median sales price rests at $162,500 down 14.5% year over year from $190,000.

Inventory is at 5.1 months based on the last year of sales and 5.3 months based on the last six months of sales. Foreclosure inventory is at 0.8 months and 0.9 months respectively.

Sales are now neatly balanced between distressed and non-distressed sales in the Arden-Arcade area. A total of 96 homes sold in the area of which 34 were foreclosures, 13 were short sales and 49 were non-distressed sales. Year over year, this represents a drop of 33.3% in foreclosure sales and 2% in non-distressed sales. Short sales on the other hand gained 225% year over year. Overall unit volume is down 8.6%.

Average sold price per square foot fell again since last month, unlike elsewhere in Sacramento county where we have seen it rise. It is currently $160.47 down 18% year over year from a high of $195.77. Average sales price peaked this month at $240,974 – down 16.2% from last June’s high of $287,475. Median sales price shows a 1% increase year over year from $200,000 to $201,920.

Inventory is at 5.2 months based on the last 12 months of sales and 5.5 months based on the last 6 months of sales. Foreclosure inventory is at 1.1 months and 1.2 months respectively.

If foreclosure sales fueled the real estate market, it goes without saying that once the foreclosure inventory begins to dry up, prices head up and sales begin to slow. Arden-Arcade is a textbook example of this: just 72 homes sold in the area this May, 25% less than a year ago. We see drops in just about every area of real estate too, from foreclosure sales (down 13.5%) to short sales (down 16.7%) to non-distressed property (down 48.6%) year over year.

The average sold price per square foot is currently at $174.73 which is higher than the last time we checked in March. It is however still 9.6% lower than a year ago when it was $193.29. Average sold price is $268,815 – a big jump over March’s $181,615 but still 9.8% lower than last May’s $297,877. Median sales price is currently at $179,000.

Inventory in Arden-Arcade is at 4.7 months based on the last year of sales and 5.1 months based on the last six months of sales. Foreclosure inventory is at 0.8 months no matter how you look at it.

The number of sales continue to surprise! More foreclosures sold this March than the total number of homes sold last March. 1296 foreclosures closed escrow this month – an increase of 74.4% year over year. 220 short sales also closed for an increase year over year of 189.5%. Unfortunately, non-distressed sales fell further: just 320 sold this month, down 19.4% year over year. Overall unit volume is up 51% year over year with a total of 1836 homes sold.

The majority of all sales are now distress sales, which comes as no surprise. 70.6% of all sales are foreclosure sales, 12% are short sales and 17.4% are non-distressed sales.

The average sold price per square foot is now $112.70 down 26.9% year over year from a high of $154.24. The average sales price is down to $181,685 from $261,337 for the same period – that’s a drop of 30.5%. The median sales price is currently $160,000 down 35% from $246,048.50.

Inventory is at 3.5 months based on the last year of sales and 3.6 months based on the last six months of sales. Foreclosure inventory is at 0.9 months.

The same number of homes that sold in January sold in February: 1658. The Arden Arcade real estate market seems not to change much month to month. But if you are considering buying a short sale, this might defnitely be the market for you. Unit volume is up year over year by 65%. 1237 foreclosures sold in the Arden Arcade area along with 175 short sales and 246 non-distressed homes. So 85% of homes sold here are now distress sales, which is never a good thing for home prices.

Average sold price per square foot is down 30% from a high of $162.17 to $113.57. The average sales price is down 34% year over year to rest at $180,757. Median price is also down 38% for the same period to $155,000.

Inventory is at 3.7 months based on the last 12 months of sales and 3.6 months based on the last six months of sales. Foreclosure inventory is at 1 month. Short sale inventory is going to take its sweet time drying up – in spite of its recent surge it is still at 20.5 and 17.5 months respectively.

The numbers for real estate sales in the Arden Arcade area of Sacramento would stay pretty much the same as last year if it wasn’t for the foreclosures. We see almost the same number of short sales year over year and almost the same number of non-distressed sales year over year: 7 over 4 and 22 over 19, respectively. What is vastly different in the real estate landscape this year is the number of foreclosure sales: 47 this year over a mere 20 last year at the same time.

So it is no wonder that overall sales are up this January by 76.7% year over year. A total of 76 homes sold in the month of January as compared with just 43 last January.

Another effect foreclosure sales have on real estate is that they push prices down. We definitely see that in Arden-Arcade. Average price per square foot is down from $194.21 to $144.40 currently – that’s a drop of 25.6% year over year. Average sales price is also down 29.7% year over year from $305,053 to $214,451. Median sales price is down to $143,500 – a drop of 40.2% for the same period.

Inventory in Arden Arcade is at 4.6 months based on the last year of sales and 4.4 months based on the last six months of sales.

Arden Arcade is still a desirable place to live as evidenced by how many homes here have sold in the month of December alone. Here are some interesting averages based on the last six months of sales: 89 homes sell every month, of which 47 are foreclosure sales, 7 are short sales and 35 are non-distressed. This month then was better than average with 56 foreclosures, 9 short sales and 35 non-distressed properties sold.

Demand continues to be high with 144% more homes sold this December than the last. Even non-distressed sales were 34.6% higher year over year. That is not something commonly seen elsewhere in Sacramento county. Foreclosure sales and short sales were 300% higher and 800% higher year over year respectively.

The average sold price per square foot is 21.3% lower than it was last year at this time. Arden-Arcade has seen it drop from $212.02 to $166.83. The average sales price is also 27% lower for the same period – from $337,025 to $246,989. The median sales price has seen a 30% drop from a high of $269,000 to $187,500.

Inventory is at 4.9 months based on the last year of sales and 4.3 months based on the last six months of sales. Keep an eye on the 117 short sales that drag the inventory numbers higher. They constitute 22.3 and 16.7 months of inventory respectively!

The face of real estate in Arden-Arcade may be changing, or this month may have just seen a more normal month than October. There’s nothing “normal” about this market of course when 97 foreclosures make up just 2 months of inventory. Last month, I was surprised when one foreclosure was selling every day; needless to say, now I’m just speechless.

Year over year the numbers do not look good at all. Sold price per square foot has dropped 30.4% over last November – from $233.50 to $162.58, almost the same as last month’s $162.19. Average sales price has dropped 30% over last year from $350,724 to rest at $245,436. Median sale price is also down 38.2% from $275,000 to $170,000. Not great numbers, but a little heartening when compared with last month’s average of $218,954 and median of $166,000.

Of course, the majority of sales remain distress sales. 47.8% of inventory sold was foreclosed property and 16.4% were short sales. Non-distressed sales were down by 45.5% and made up just over a third of all sales: 36% to be exact. Overall unit volume is up by 13.6%.

Inventory is at 5.6 months based on the last 12 months of sales and 4.5 months based on the last 6 months of sales.

Bargains abound in Arden-Arcade and real estate buyers are lapping them up! To give you an idea of the home sales market consider this fact: there are currently 101 foreclosures in the zip codes of 95821, 95825, 95864 but they only make up only 3 months of inventory! That means about 30 foreclosures sold every month on average for the last year – that’s almost one every day!

Speaking of foreclosures, 60 distressed properties sold in October of this year – 55 foreclosures and 5 short sales. Those made up 63.8% of all sales. Needless to say, with overall sales up 84.3% and non-distressed sales down 10.5% from last Otober, prices are down year over year.

The average home in Arden Arcade sold for 38.1% lower than last October with average home prices falling from $353,457 to $218,954. The median sale price dropped 42% over the same period from $286,000 to $166,000. Of course, you should take into consideration that the average home sold was also 14% smaller than last October, so a more accurate measure of the price decline is the sold price per square foot. Unfortunately, there is no good news there either: sold price per square foot declined 28% from $225.21 to $162.19 over the same time last year.

Inventory is at 6 months (based on the last year of home sales) and 4.7 months (based on the last six months of home sales.)