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.

A total of 35 homes sold in Orangevale this month, an overall unit volume increase of 34.6% year over year. Unlike in the rest of Sacramento county, Orangevale has not seen a reduced homebuyer interest in foreclosure sales. 18 of the homes sold were REOs which was a 20% increase year over year and 9 of the homes sold were short sales, which is a 125% increase for the same period. Non-distressed sales remained almost the same as last year at this time. Approximately 4 out of 5 homes sold in Orangevale are still distress sales.

Those statistics don’t bode well for prices. Average price per square foot has fallen 19.1% year over year from a high of $157.93 to a low of $127.70. Average sales price is now $184,532, an overall drop of 20% year over year. Median sales price sits at $188,000.

Inventory in Orangevale is at 4.9 months based on the last year of sales and 5.2 months based on the last six months of sales. Foreclosure inventory is around 1.5 months.

If it weren’t for the short sale inventory in Orangevale, the zip code of 95662 would be well on its way to recovery right now. December was an exceptionally good month for Orangevale given the current state of the market – unit volume increases and price increases along with low numbers of foreclosure sales were the hallmarks of December.

A total of 24 homes sold in the month of December in Orangevale, an overall unit volume increase year over year of 9.1%. Foreclosure sales dropped for the same period by 31.2% while short sales increased 100% and non-distressed property sales were also up by 125%.

As regards price, average price per square foot went up 1.6% year over year from $145.72 last December to $148.06 this December. Interestingly enough, homebuyers also bought homes on average 12.8% bigger year over year. This would explain the discrepancy of the average sale price being 14.7% higher than it was a year ago at $258,453. Median sales price is currently $209,500.

Inventory is at 4.4 months based on the last year of sales and 4.7 months based on the last 6 months of sales. Foreclosure inventory is around 1 month. Short sale inventory is at 11.4 months and 10.1 months respectively.

A total of 41 homes sold this month in the city of Orangevale, an overall unit volume increase of 24.2% year over year. Of these, 19 were foreclosure sales, 4 were short sales and 18 were non-distressed homes. The good news of course is that non-distressed home sales are up by 100% year over year. Foreclosure sales have of course fallen but not as drastically as other places in Sacramento county. Foreclosure sales have fallen by 17.4%. Distressed and non-distressed properties are now almost evenly divided.

Average price per square foot is not $135.66 down 16.6% year over year. Homebuyers used the opportunity to afford themselves homes 9.1% bigger on average than a year ago. Average sales price is now $236,927 down 9% from a high of $260,467 from last October. Median sales price is now $227,000.

Inventory in Orangevale is at 4.3 months based on the last year of sales and 3.7 months based on the last 3.7 months of sales. Foreclosure inventory is at little more than one month.

Hope you had a good and scary Halloween weekend because if you’re looking to be scared by the real estate prices in Orangevale, you’re not going to find anything here. Prices actually climbed month over month in Orangevale from $145.72 to $152.12. This is still a year over year decline of 12.9% but that may change soon enough. Average sales price now rests at $231,497 again down by 14.4% year over year. Median sales price holds steady at $205,000.

32 homes sold this month down 8.6% year over year. The biggest drop was of course in foreclosure sales which fell 52.6% for the same period. Short sales gained 100% in sales and non-distressed property gained 10%. The percentages seem large, but really only 6 more short sales closed escrow along with just 1 more non-distressed property. So, apart from foreclosure sales falling, the market seems to be regaining some of its stability in Orangevale.

Orangevale has 4.2 months of overall real estate inventory based on the last year of sales and 3.8 months based on the last six months of sales. Foreclosure inventory is right around 1 month.

25 homes sold in Orangevale this month, as compared with 32 last July. That’s a drop in unit volume by 22% overall year over year and the biggest drop has been in foreclosure sales: 54% lesser homes sold year over year in the REO market, but whereas in other places that has been countered by renewed buyer interest in non-distressed sales, the same has not happened in Orangevale. Non-distressed sales fell along with foreclosures, albeit at a slower pace: just 12.5% lower year over year. Short sales gained by 67%.

Sold price per square foot now averages at $145.72 down 27% year over year from a high of $198.80. Average sales price is currently $235,200 down 31% from last July’s $339,875. Median sales price is $210,000, also down 28% from last July.

Inventory in Orangevale is at 4.3 months based on the last year of sales and 4 months based on the last six months of sales. Foreclosure inventory is at 1.1 months and 1 month respectively.

For the first time this year, we are seeing a slowdown in the Orangevale real estate market. 37 homes sold this June, about 5% lower than last June and the biggest change has occurred, as elsewhere, in the foreclosure sales. Foreclosures have dropped 16.7% year over year, while short sales gained 50% for the same period. There has been no change in the non-distressed sales. So for the first time in a long time in Orangevale, non-distressed property sales have inched past distress sales! 51.4% of all homes sold are now non-distressed sales.

This change reflects itself in average sold price per square foot as well. Prices headed up month over month by about $10 but they were still 14.7% under prices from a year ago. Average price per square foot is currently $152.66 down from a high of $179.00 last June. Average sales price is $261,605 which is 7.6% lower year over year from a high of $283,032. Median sales price is currently $206,000.

Inventory in Orangevale is at 4 months based on the last year of sales and 3.9 months based on the last six months of sales. Foreclosure inventory is under a month.

Whereas elsewhere in Sacramento county, lower foreclosure inventory has forced a slowdown in the real estate market, Orangevale seems immune to it. Overall unit volume is 43.2% higher year over year in this area. 53 homes sold in Orangevale in May: 31 foreclosure sales (58.5% of all sales), 12 short sales (22.6% of all sales) and 10 non-distressed properties (18.9% of all sales.)

Average sold price per square foot is currently $141.53, which is 18% lower than it was a year ago. Average sales price is $208,803 which is 26.7% lower than a year ago. However, keep in mind that here the average sold price per square foot is the more accurate number since homes sold were also on average 10.7% smaller than they were a year ago. Median sales price is currently $200,000.

Inventory in Orangevale is at 4.2 months based on the last year of sales and 4.4 months based on the last six months of sales. Foreclosure inventory is at 1.1 months no matter how you look at it.

Real estate sales in Orangevale seem to have picked up over last month as well as year over year. A total of 33 homes sold in Orangevale this month, of which 22 or 66.7% were foreclosure sales, 6 or 18.2% were short sales and 5 or 15.2% were non-distressed sales. Year over year, overall unit volume is up by 37.5% no doubt fueled by foreclosures and low prices. Foreclosure sales are up 57.1% year over year while short sales are up 100%. Non distressed properties are down 28.6% year over year.

When bargains and foreclosures abound, prices always take a hit. Average price per square foot is now $134.43 down 23.8% year over year from a high of $176.32. Average sales price is down 20.7% for the same period from $261,436 to $207,237. The median sales price is down 20% to hit $193,000.

Inventory based on the last 12 months of sales is at 4.8 months and based on the last six months of sales is at 5.6 months. Foreclosure inventory is at 2.2 months.

A total of 26 homes sold in Orangevale in February of this year: 15 foreclosure sales, 7 non-distressed and 4 short sales. While the majority of homes sold are still distressed properties, we do see a year over year increase in unit volume by 44.4%. Foreclosure sales are also up 87% and non-distressed sales are up 75%. The only group suffering a decline in sales are short sales: down by 33.3%.

Average sold price per square foot has not changed much since last month: it is currently $157.93, a decline of 21.2% year over year from a high of $200.53. We also see an average sales price decline of 18.7% for the same period to rest at $230,437. The average home in Orangevale would sell for $283,603 last year at the same time. The median sales price offers no hope either: it is currently at $199,500, a drop of 23% from last February’s $258,430.

Inventory in Orangevale is at 5.1 months (based on the last year of sales) and 5.8 months (based on the last six months of sales) pointing to a slowdown just recently in sales. We will have to see if this slowdown is a result of the winter months or will stick around through the summer.

More home buyers seem to be gravitating towards non-distressed homes today than a year ago. Surprised? Well, at least that seems to be the case in Orangevale. Non-distressed homes sales have seen an 80% increase year over year, along with foreclosures and short sales. A total of 22 homes sold in Orangevale this January: 10 foreclosures, 3 short sales and the aforementioned 9 non-distressed homes. That’s an overall increase in sales year over year of 69.2%.

Incidentally, the average home sold in Orangevale this January is also 25% bigger than the home sold in January of 2008. The reason for this is perhaps the fallen prices. Average price per square foot is now 23% under last January’s $205.90. It is currently $158.70. Average sales price is down 4.7% year over year – but remember the more accurate measure is price per square foot. Average sales price is currently $290,434, down from $304,847 last January. Median price is down 2.1% from a high of $268,107 to $262,500 for the same period.

Inventory is at 5.3 months (based on the last 12 months of sales) and 5.2 months (based on the last six months of sales.)

The real estate landscape in Orangevale is mostly unchanged since last month. 16 foreclosures, 2 short sales and 4 non-distressed homes have sold in this little community close to Fair Oaks, which makes 82% of all sales now distress sales. Foreclosure sales have picked up the most, not surprisingly since last year – they are up by 78%. Conversely, non-distressed sales are down by 43%. Unit volume is up by an almost negligible 22%.

Average sold price per square foot is down again – it is currently $145.72. That’s a drop of $21.8% over last December’s high of $186.46. Average sales price is also down for the same period. Currently at $225,418, it siginifies a drop of 20.3% over last December’s high of $282,940. Median price has also fallen 22% – from $263,202 to $205,000 for the same period.

Inventory is at 5.4 months based on the last year of sales and 5 months based on the last six months of sales.

A curious thing is happening all over Sacramento county – homes that are selling are smaller, much smaller and Orangevale is no exception. Homes sold in this November in Orangevale were almost 16% smaller than the houses sold last November. Is this because they are mostly owned by investors? Or are we just beginning to see the culture of downsizing? We’ll have to see.

Meanwhile, non-distressed homes have dropped in sales. 50% less sold this November over the last, while foreclosure sales were up 183%. 76.9% of all home sales in Orangevale are now distress sales. Overall sales are up by 36.8% – no surprise there.

Another statistic which is not a surprise is the decline in prices. While price per square foot has remained almost the same as last month’s $162.84 to rest at $165.97 this month, the average sales price of a home has dropped 34.3% since last November. The number however is still higher than last month’s average sale price of $258,607. It is currently $260,706. The median sale price has dropped 31.8% over last November’s $340,000 to rest at $232,000.

Inventory is at 5.6 months based on the last year of sales and 4.7 months based on the last 6 months of sales.

The Orangevale real estate market is having trouble finding a bottom. Homes in this nice little community nestled close to the Sunrise Mall, Fair Oaks and Citrus Heights are still declining in price. The reason, of course, is the number of foreclosures that are still increasing. There are currently 40 active foreclosure listings in Orangevale, but going by how fast they are selling, they only make up 2.1 months of inventory (based on the last 6 months of sales.) 22 foreclosures sold this October, up from just 2 that sold last October. That should give you an idea of why the price declines in the 95662 zip code are not slowing down.

Sold price per square foot dropped 24.5% over last October from $215.77 to $162.84. (The average home sold is also 9.4% smaller than last year – an interesting little trivial detail.) Average sale price fell further from last month’s $270,590 to rest at $258,607. Year over year, that constitutes a 31.8% decline. Median sale price also fell 31.2% over last October’s $365,000 to this year’s $251,000.

Another marked change from last year: 72% of all home sales are now distress sales as compared with last October’s numbers where 85.7% were non-distressed. In fact, non-distressed sales fell 25% over last year.

Inventory hasn’t changed much since last month. Based on the last year of sales, it is at 5.5 months and based on the last 6 months, it is at 4.4 months.

Sales of existing homes have doubled in Orangevale since last September, with foreclosures and short sales making up the bulk of all sales. While no short sales sold last September, this month we have 6 short sales. And foreclosure sales have almost quintupled from a mere 4 last September to as many as 19 in September of 2008.

Clearly, there have been bargains to be found in this little community of Orangevale – the 95662 area code of Sacramento county. The sold price per square foot has fallen 18.8% from $215.13 to $174.69. And the average sale price has fallen 23.9% over last September to rest at $270,590.

Based on the last 12 months of sales inventory is at 5.6 months and based on the last 6 months of sales, inventory is at 4.2 months. Again, we see short sales making up the bulk of active listings in the area at 15.5 months and 11.8 months respectively.