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.

The Fair Oaks real estate market continues in its painfully slow steadying. 31 homes sold this month, an overall decline of 24% in unit volume from a year ago when 41 homes had sold that May. Foreclosures alone declined 50% year over year and even non-distressed sales didn’t get as many homebuyers as they did a year ago. Non-distressed home sales declined 10% for the same period. Short sales remained the same at 6 total sales – the same as last May.

Average price per square foot remained almost unchanged at $146.44 – a decline of 0.3% year over year. Average sales price rose by 4.1% year over year from $278,519 to rest at $289,848. Median sales price in the meanwhile fell from $285,000 last May to $274,000. That’s a drop of 3.9% for the same period.

Inventory in Fair Oaks is at 6.5 months based on the last year of sales and 6.8 months based on the last six months of sales. Foreclosure inventory is at 1.7 months no matter how you look at it and short sale inventory is at a year and a half.

31 homes sold in the Fair Oaks area this month, and as elsewhere in Sacramento county, non-distressed sales have increased by leaps and bounds. Overall inventory itself increased by 24% year over year. Foreclosures fell by 41.7% as compared with foreclosure sales in April of last year. Foreclosures now make up just 22.6% of all sales in the area. Short sales increased by 66.7% while non-distressed sales increased 90% year over year. 61.3% of all homes sold in Fair Oaks are now non-distressed sales.

Average price per square foot is now $154.76 which is 5.2% higher than it was a year ago. Last April, average sold price per square foot was $147.15. Average sales price is now $288,940 which is 5.3% higher than it was a year ago when it was $274,472. Median sales price has also jumped 16.4% year over year to rest at $270,000 from $232,000 last April.

Inventory in Fair Oaks is now at 6.4 months based on the last year of sales and 7.1 months based on the last six months of sales. Foreclosure inventory is right around 2 months while short sale inventory is at a year and a half.

A mixed bag of news for Fair Oaks, especially as it relates to home sales in the area. This 95628 zip code has had 32 homes sold this last month. Why mixed bag? Because overall sales are up, which is a good thing. As compared to a year ago at the same time the 32 sold homes are a 33.3% increase over a year ago when just 24 homes had closed escrow.

The sales however are primarily in the category of non-distressed properties as well as foreclosures. Short sales have suffered a decline. In fact, just 1 short sale closed escrow this month and with short sale inventory in this area hovering around a year and a half, that is definitely not something to celebrate.

Average price per square foot is now $146.76 – a 4.4% increase year over year from $140.60 last March. Homebuyers also bought homes on average 11% bigger this March than they did last March. Affordability and tax credits may have something to do with that. Average sales price is now 16.1% higher than it was a year ago when it was $226,573. Median sales price now rests at $232,000 which is 5.7% higher than a year ago.

Inventory in Fair Oaks is at 6.2 months based on the last year of sales and 6.4 months based on the last six months of sales. Short sale inventory has grown to 21 months based on the last six months of sales and is now inching towards 2 years.

Finally – a ray of hope for those living in Fair Oaks! For the first time in months, we see both – a unit volume increase year upon year as well as a price increase. Now before we all get too excited, it’s still a good idea to keep an eye on the short sale inventory, but let’s go into it one by one.

Unit volume was up this last month by 50% year over year. Although just 24 homes sold, the fall in foreclosure sales of 25% year over year was countered by a corresponding increase in non-distressed property sales (150% for the same period) and short sales which increase 50% for the same period. Almost 2 out of 3 homes sold are now non-distress sales, twice the number from last February.

Average price per square foot is now $151.43 which is up 2% year over year from the low of $148.41. Interestingly enough, homebuyers bought homes about a fourth larger on average this February than they did the last. So the average sale price seems to have gained more than it really has. Average sales price is now $336,256 which is 30% higher than a year ago when it was $258,254. Median sales price is now $318,450.

Inventory in Fair Oaks is at 5.4 months based on the last year of sales and 5.6 months based on the last six months of sales. Short sale inventory however is still 13.8 months – a number that should be watched.

In terms of real estate sales, the Fair Oaks market has remained largely unchanged. 29 homes sold this month as compared with 27 last January, an overall unit volume increase of 7.4% year over year. The increase in sales was felt mainly in the area of short sales where 60% more sold year over year. Distressed sales still make up 80% of all homes sold in the Fair Oaks area, an indication that the real estate recovery still has a way to go.

Average sold price per is now $136.08 down 8.7% year over year from a high of $149.01. Interestingly enough, homebuyers also chose homes on average 6.4% smaller than they did a year ago. This caused the average sales price to fall 14.6% year over year. It is currently $229,261 down from $268,307 last January. Median sales price sits at $200,000.

Inventory in Fair Oaks is at 5.2 months based on the last year of sales and 4.8 months based on the last six months of sales. There is still a fair amount of foreclosure inventory – right around 2 months – more than in other areas of Sacramento county.

The Fair Oaks real estate market suffered a bit of a lull in the month of December. Home sales were down as well as the prices. 36 homes sold in the month as compared with 39 a year ago at the same time. That was a 7.7% drop year over year. All categories suffered including foreclosure sales which fell 25% and non-distress sales which fell 5.3%year over year. Only short sales gained by 50% in sales.

Average price per square foot is now $143.77 which is 10.5% lower than it was a year ago. Last December it stood at a high of $160.72. Average sales price seems to have fallen by 17.2% but that is inaccurate as homebuyers bought homes on average 7.5% smaller than they did a year ago. (The more accurate number for price declines is this the average price per square foot.) Current average sales price is $253,442. Median price sits at $240,500.

Inventory is at 4.9 months based on the last twelve months of sales and 4.5 months based on the last six months of sales. Foreclosure inventory is around two and a half months.

The real estate market in Fair Oaks is now nicely poised for a recovery. Of course we’ll have to see how it actually happens and how long it takes but the homebuyers definitely seem to be making their move lately. 41 homes sold in the area, up 28.1% year over year. Even with foreclosure sales falling 37.5% for the same period! Non-distressed sales have almost doubled from 15 last October to 29 this October! Short sales also doubled but going from 1 a month to 2 doesn’t seem to be news.

Average sold price per square foot is now $160.37 down 7.8% year over year from a high of $173.90. Homebuyers seem to have jumped in both feet first here and homes sold this month were on average 9% bigger than they were a year ago. So the more accurate figure here for prices is the price per square foot even though the average sales price shows a more positive picture of a year over year increase of 0.5% from $321,0123 last October to $322,595 this October. Median sale price now rests at $290,500.

Inventory is at 4.7 months based on the last year of sales and 4 months based on the last six months of sales. Foreclosure inventory is at 1.6 months.

Just 31 homes sold in the Fair Oaks area this month leading to the question where are the homebuyers? Perhaps they are waiting for more price declines. With 4.9 months of overall inventory (based over the last year of sales) and 1.2 months of foreclosure inventory it isn’t lack of houses to look at that’s holding buyers back. 37 homes had sold last September. Unit volume thus is down 16.2% year over year. Foreclosure sales fell 45.5%, short sales gained 100% and there was no change in non-distressed property sales.

Average sold price per square foot is now $147.80 down 12.3% from a year ago when it used to be $168.51. Average sales price is now $269,474 down 12.7% from last September’s high of $308,785. Median sales price now rests at $225,000.

While foreclosure sales seem to have fallen we are seeing no corresponding gain in non-distressed property sales as we are seeing in other parts of Sacramento county. Based on the last six months of sales, there is 9.2 months of inventory for short sales and 5 months of inventory for non-distressed property alone!

Even though there seems to be a lack of homebuyer interest in the Fair Oaks real estate market, there seems to be hope for the overall housing market in general. Why do I say that? Because average sales prices are falling in single digits year over year instead of the general free fall we have been seeing them in for a while now.

A total of 33 homes sold this month in Fair Oaks, a unit volume drop of 25% year over year. That drop includes a 5.3% fall in foreclosure sales and a 55% fall in non-distressed sales. Short sales gained by 20%.

Average sold price per square foot is currently $153.94 – that is a 12.3% fall year over year. Average sales price rests at $288,803 which is 6.4% under last July’s average sales price. Median sales price rests at $250,000.

Inventory in Fair Oaks is at 5.5 months based on the last year of sales and 6.1 months based on the last six months of sales, pointing to the slowdown in the real estate sales market, at least in this part of Sacramento county.

Homeowners in Fair Oaks can breathe a sigh of relief. Sales are up year over year and at least some seasonal price relief is being seen. A total of 33 homes sold this June, up 3.1% year over year. Meanwhile, foreclosure sales have fallen 40% for the same period and short sales have gained 100%. Non-distressed sales are also up 23.1%. Good news overall.

Average sold price per square foot has recovered from last month’s drop to $163.78. It still is 13.2% under last June’s high of $188.70. Average sales price for a house in Fair Oaks is currently $288,042, down 15% year over year from $338,416 but better than last month’s average of $278,519. Median sales price is at $241,000.

Inventory in Fair Oaks points toward the recent slowdown in sales we saw over winter: based on the last 12 months of sales, it is at 5.4 months but if you consider the last six months of sales, inventory is at 6.3 months. Foreclosure inventory is at 1.2 months and 1.5 months respectively.

Fair Oaks definitely made up for its lackluster sales of April and made up in a big way. In fact, sales in Fair Oaks are even better than they were last May, which is a rare thing to see when compared with other communities in Sacramento. 41 homes sold in May, as compared with just 29 last May – that’s a year over year increase of 41.4%. Of these 16 were foreclosure sales – an increase of 78% year over year, 6 were short sales – increase of 200% year over year and 19 were non-distressed sales – an increase of 5.6% for the same period.

Average sold price per square foot numbers aren’t doing too badly either. Even though average sold price has dropped 22.4% year over year – from $189.19 to $146.87 currently, it has held its own since last month, falling only a few cents below. Average sales price is higher than it was last month – currently $278,519, but still 26% lower than last May’s $376,682. Median sales price currently rests at $285,000, also higher than it was last month.

Inventory in Fair Oaks is at 5.4 months based on the last 12 months of sales and 6.2 months based on the last 6 months of sales. Foreclosure inventory is at 1.3 months and 1.5 months respectively.

Is the mystique of Fair Oaks fading? Sales have been fairly lackluster in April in the area in keeping with last month’s boring performance. A total of 25 homes sold in the area in the April for a unit volume decline of 36% year over year! 12 foreclosures closed escrow along with 3 short sales and 10 non-distressed homes. So 3 out of every 5 homes sold is now a distress sale. We’ll have to see if this moves any closer to a balance.

The sold price per square foot is at $147.15 down 23% from a year ago when the high was $191.46. Interestingly enough the average home sold was also 6% smaller than the average sold the same time last year. The current average sales price is $274,472 which is 28% lower than a year ago. Median price is 37% under what it was a year ago. The median price is $232,000. A year ago it was $369,000. Average sales price a year ago was $379,387.

Inventory in Fair Oaks is at 5.7 months based on the last year of sales and 7.1 months based on the last six months of sales, pointing toward the slowdown in purchases. Foreclosure inventory is at 0.9 months and 1.2 months respectively.

Sales in Fair Oaks have been better in March than they were last month, but still haven’t kept pace with the demand in January. A total of 24 homes sold in Fair Oaks this month: 12 foreclosures, 5 short sales and 7 non-distressed homes. The 12 foreclosures are unchanged from a year ago, whereas we see a 30% dip in demand for non-distressed homes year over year and an increase in short sales. No short sales closed this time last year and this March, 5 have closed escrow. Overall unit volume is up by 9% year over year.

Average sold price per square foot has dipped 23.7% year over year from a high of $184.39 to currently $140.60. Average sales price has fallen 36.3% from $355,964 to $226,573 for the same period. Median sales price is currently at $219,500, a plunge of 23.3% year over year. Interestingly enough, the average home sold is also 16.5% smaller year over year, so the more accurate measure of prices is the average sold price per square foot.

Inventory is at 5.8 months (based on the last year of sales) and 7.3 months (based on the last six months of sales).

Sales of homes in Fair Oaks have been pretty slow this month. After the interest they saw in January, this month has definitely taken a dive. Just 16 homes sold this month and although February seems to be a slow month for local Sacramento markets, this one in Fair Oaks seemed slower than most.

Overall unit volume is down 20% year over year with 8 foreclosures, 2 short sales and 6 nondistressed homes closing escrow. Also, as compared with a year ago, the balance of sales has now shifted to distress sales. Last year at this time, we saw homes sales perfectly balanced between the two. Not so any more after nondistressed sales suffered a decline of 40% year over year.

Sold price per square foot is lower again, although it is now falling at a slower pace. Fair Oaks is currently at $148.41 – a decline of 18% year over year from a high of $181.16. Average sales price is down 25% year over year from $342,500. It is now $258,254. Median sales price is also down 25% for the same period; it is currently at $244,920 from $327,250. The average home sold was also 8% smaller than last year, so the most accurate measure here is the price per square foot.

Inventory is at 5.6 months based on the last 12 months of sales and 6.5 months based on the last six months.

Homes in Fair Oaks continue to see a fairly strong demand. 15 foreclosures, 5 short sales and 7 non-distressed homes sold in this area in the month of January, leading to an overall unit volume increase of 42% year over year. Three-quarters of all sales are now distress sales, a fact that does not bode well for prices. As we see elsewhere, short sales have picked up momentum and are now almost equal in numbers to the non-distress sales.

Sold price per square foot in Fair Oaks fell again to rest at $149.02. This is a decline of 22% year over year from a high of $192.09. Average sales price has suffered a decline of 30% for the same period from $380,458 to $268,307. (However, the average home sold is also 10% smaller, so the more accurate number here is the average sold price per square foot.) Median sales price has also declined 24.2% from $293,000 to $222,100 for the same period.

Inventory is at 5.2 months based on the last year of sales and 4.9 months based on the last six months of sales.

Fair Oaks real estate continues to see a high demand. Unit volume sales are up 95% year over year and, surprisingly enough, even non-distressed sales are up. 39 residential units sold in December 2008 over just 20 last December. 16 foreclosures also sold, a marked 300% increase over last December’s 4 and 4 short sales also sold, again a 300% increase over last December’s 1. 19 non-distressed homes have also sold, an increase (!) of 26.7% over last December’s 15.

Distressed and non-distressed homes are now equally divided in sales with each taking half of the sales pie, something not commonly seen in many areas of Sacramento where foreclosure sales make up the majority of all home sales.

The price data is of course nothing for homeowners to cheer about, but maybe we can find heart in the fact that homes are selling. Sold price per square foot is now at $160.72 – a 20% decline over last December’s $201.62. The average sales price has fallen 25% year over year from its high of $408,598 to today’s $306,158. Median sales price has fallen 16% from $359,950 to $301,000 for the same period. Interestingly, the average home sold is 6% smaller than last year.

Inventory is lower than last month. Currently, Fair Oaks has 4.9 months of inventory (based on the last year of sales) and 4.2 months of inventory (based on the last 6 months of sales.)

There is little good news in the real estate market today in and around greater Sacramento, so homeowners should take it when it comes and consider themselves lucky. Fair Oaks is one such place. Sales have dropped since last year. We see a unit volume decrease in this area of 32%. The biggest difference is in the short sales – where only one had sold last November, this November saw 7 short sales sell in Fair Oaks. Non-distressed sales meanwhile have fallen sharply: from 20 to just 5 for the same period. Foreclosure sales remained unchanged at 7 sales.

Average sold price per square foot is bobbing around the same it was last month: $166.83 in October to $165.08 in November. This is however a 22.5% drop from last year’s $213.03. Average sales price has declined 26.7% from $446,032 to $326,816 for the same period. That is however an increase from last month’s average of $291,828. Like I said, accept the good news where you get it. Median sales price has fallen 32.4% from $403,750 to $273,000 year over year.

Inventory is lower than it was last month. And that inspite of the overall decline in sales. Fair Oaks is currently at 5.8 months based on the last 12 months of sales and 4.9 months based on the last six months of sales.

Here’s a real estate trivia question: what happens in a well established community which usually commands higher than average sales prices in real estate when the market contracts and foreclosures abound all around it? Answer: Home sellers quit selling. That’s exactly what has happened in Fair Oaks. In fact sold inventory dropped a whopping 38.7% over last October for the same time period and non-distressed sales dropped 63.6%.

Foreclosures always cause downward pressure on prices, so the 11 foreclosures that sold in October caused sale prices to drop even further. Sold price per square foot is down 17.1% over last year for the same period – from $201.32 to $166.83. Like I’ve said before, this is perhaps the most important measure in knowing price differences because the average house sold this October is 14% smaller than last October and average sale price and median sale price doesn’t tell the whole story.

However, here are the details for the curious minds: Average sales price has dropped 28.7% from last October’s high of $409,550 to rest at $291,828. Median sales price has dropped 22.2% over last October’s $405,000. It is now $315,000. Short sales have begun to poke their head through active inventory. Based on the last 12 months of sales, inventory is at 6.1 months and based on the last 6 months of sales, inventory is at 5.2 months.

With slightly fewer foreclosures than Sacramento County overall, Fair Oaks has seen prices erode somewhat less swiftly.  In that respect, it’s behaving much like Folsom or many areas in Placer County or El Dorado County.

In June, volume rose just slightly (3.1%) from last year.  This June, 42.4% of sales were non-distressed sales, versus 12.1% short sales and 45.5% REOs.  The average home sold for $345,991 in June, down 19.5% from last year’s average of $429,625.  On a sold price per square foot basis, Fair Oaks homes lost 18.6% of their value during this time, selling for $230.91 per square foot on average in June of 2007 versus $187.93 on average in June of 2008.

Inventory in Fair Oaks is rising over the last few months, and currently there are 7.5 months of inventory overall.

Fair Oaks is a beautiful, established community in Sacramento, commanding higher than average prices.  The foreclosure rate here, though not trivial, is lower than the Sacramento County average.  As a result, though prices have taken less of a dive here than elsewhere in Sacramento County, inventory is somewhat high.

This June, the average home sold in Fair Oaks for $187.93 per square foot, down 18.6% from the average of $230.91 in June of 2006.  The average home that sold in Fair Oaks in June listed for $345,991, and sold for $335,736.  The selling price average was down 19.7% from last year’s $418,091.

Though the county-wide combined average for the sale of short sales and foreclosures was 75% in June, in Fair Oaks that figure was only 57.6% (45.5% REOs and 12.1% Short Sales).

With prices falling less dramatically in Fair Oaks, inventory is somewhat higher than average at 7.4 months.