62 homes sold in the area of Rosemont this past month, an overall unit volume increase of 19.2% year over year. Unlike elsewhere in Sacramento county where foreclosure sales have been falling, Rosemont shows an increase in foreclosure sales year over year – an increase of 38.1% to be exact. Short sales remained largely unchanged year over year as well as non-distressed sales. Roughly 1 out of every 3 homes sold is a non-distressed sale.

Average price per square foot increased by 1% year over year, another indicator that the real estate market might finally be leveling off. Average price per square foot is currently $120.42 up from $119.19 last June. Average sales price rose 3% for the same period from $164,227 last June to rest at $169,101. Median sales price dropped a little – 3.5% from $171,050 to $165,000.

Inventory in Rosemont is currently at 5.5 months (based on the last year of sales). Foreclosure inventory is currently at 3.1 months while short sale inventory remains high at 14.3 months. Nondistressed inventory is at 3.3 months.

A total of 37 homes sold in the area of Rosemont this month, an overall unit volume decline of 24.5% year over year. The biggest drop was experienced by the category of foreclosure sales – 66.7% year over year. of short sales gained 133.3% and non-distressed sales gained 80% year over year. Almost one of two homes sold is now non-distressed, a sign of a relatively healthy market approaching.

Average sold price per square foot also seems to point in that direction. There has been no almost no change year over year. Currently average price per square foot is $121.40 which is almost the same as it was last February at $121.17. Average sales price now sits at $164,100 which is 4.6% lower than it was a year ago but that’s is partially due to the fact that homebuyers bought homes on average 5% smaller than they did last year at this time. Median sales price in Rosemont is currently $170,000.

Inventory is at 4.7 months based on the last year of sales and 5.2 months based on the last six months of sales.

Foreclosure sales are down in Rosemont as elsewhere and even with buyer interest being piqued in short sales, that has not helped the overall unit volume which fell 10.4% year over year. Foreclosure sales dropped 40% for the same period while short sales gained ground by 140%. There was no change in the non-distressed sales. A total of 43 homes sold. Distress sales still take up the majority of the market (2 out of 3 homes sold) but the balance between short sales and foreclosure sales seems to be shifting.

Average price per square foot is now $110.58 which is a 15% change for the worse year over year. Last December average price per square foot was $130.13. Average sale price currently rests at $159,300 also 15% down from last December’s $187,331. Median sale price is now $165,000.

Inventory in Rosemont is at 4.1 months (based on the last year of sales). Foreclosure inventory is still higher than it is in most areas of Sacramento at 1.4 months. Short sale inventory is at 15.5 months.

Rosemont saw a unit volume decline of 25.7% year over year! Not surprising considering distressed property seems to be losing favor with homebuyers in the area. Just 26 foreclosures sold this month as compared with 43 in September of 2008. Short sales also declined by 40% – from 10 to just 6 this month. Non-distressed property sales rose by 17.6% year over year. Perhaps the most important statistic is that non-distressed sales now make up 38.5% of all sales, as compared to just 24.3% from a year ago.

Average price per square foot though has yet to benefit from this turn of sales. It is currently $116.02 as compared with $134.67 from a year ago. That’s a decline of 13.8% year over year. Average sales price now rests at $165,081 down 12.1% year over year from a high of $187,754. Median sales price in Rosemont is now $160,275.

Inventory in Rosemont is at 3.4 months.

With foreclosure inventory down to 0.5 months, homebuyers in the Rosemont area have begun house hunting in other avenues – short sales and non-distressed homes. Foreclosure sales dropped 67.9% year over year while short sales gained 240% and non-distressed sales 52.6% for the same period. We might be seeing here a slow recovery, especially since non-distressed sales are now almost 50% of all total sales. Unit volume was down 20% year over year.

Average sold price per square foot was $125.39, down 12.3% from a high of $142.93 last July. Average sales price is currently $175,208 down 15.3% from last July’s $206,844. Median sales price sits at $170,500 down 14.6% for the same period. The average home sold in Rosemont was also 3.4% smaller this July than a year ago, so the more accurate statistics here are the average sold price per square foot.

Inventory is at 2.6 months based on the last year of sales and 2.7 months based on the last six months of sales.

When foreclosures dry up, homebuyers’ interests are peeked by short sales and finally non-distressed sales. Since the entire real estate market is depressed anyway, there are some bargains to be found in non-distressed sales as well. And that’s exactly what has happened with Rosemont. The 95826 area has suffered a 20% decline in unit volume year over year but that’s largely due to foreclosure sales falling 48.8% year over year. Short sales gained 100% and non-distressed also gained 10.5% for the same period. 52 homes sold in all.

Average price per square foot is now $119.19 down 14.6% year over year from $139.62. Average sales price fell 16.7% below last June’s price of $197,066. It is currently $164,227. Median sales price is at $171,050.

Inventory is at 2.5 months based on the last year of sales and 2.8 months based on the last six months of sales. Foreclosure inventory is at 0.5 months and 0.6 months respectively.

A little good news comes our way today from Rosemont. Inventory is lower than it was last month and prices have inched upwards a little. Sales also have given no indication of having slowed. A total of 57 homes sold this month in Rosemont of which 33 were foreclosure sales, 8 are short sales and 16 were non-distressed sales. And even though distress sales now make up 72% of all sales instead of 58% they did last May, we are beginning to see some hope for prices.

Average price per square foot is now at $122.18, which is 20% lower than it was last May when it was $152.71. However, it is higher than it was last month at $118.70. Average sales price is $175,108 which is 14% lower year over year but higher than April’s $163,306. Median sales price is $166,000.

Inventory in Rosemont is at 2.5 months based on the last twelve months of sales and 2.9 months based on the last six months of sales. Foreclosure inventory is at 0.5 months and 0.6 months respectively.

49 homes sold in Rosemont this month with distress sales still leading the way. 34 of the homes were foreclosure sales, 2 were short sales and 13 were non-distressed. This means that almost 3 out of 4 homes sold in Rosemont were distress sales. While foreclosures are being picked up by home buyers, short sales have a long way to go. there are currently 109 short sales on the market in the area and the average 7 make for more than a year’s inventory of short sales!

But back to the unit volume – it’s up by 36% year over year. And – interestingly enough – this includes the individual groups of foreclosures (up 42% year over year) short sales (up 100% but that’s 2 short sales as compared with 1 so that isn’t saying anything) AND non-distressed sales (up 18.2% for the same period).

Sold price per square foot has stabilized somewhat at $118.70 – almost the same as last month, but 20.3% lower year over year from a high of $149.01. The average sales price is also 24% lower year over year falling from $215,128 to $163,306. The median sales price is at $161,300 down 23% from $209,900.

Inventory in the Rosemont area is at 2.7 months based on the last year of sales and 3 months based on the last six months of sales. Foreclosure inventory is at 0.4 months no matter how you look at it.

A total of 51 homes sold in Rosemont in this month, which is a unit volume increase of about 46% year over year. And at first glance it does seem like nothing much has changed over the last year. A closer look reveals that although the 13 homes that were non-distressed sales last March continued to remain the same number this March, non-distressed sales have been outpaced by distress sales. We have a 53% increase in foreclosures year over year (a total of 29 sold) and a 200% increase in short sales (9 total sold this March.) 75% of all sales are now distress sales.

Average sold price per square foot is currently at $119.63 – a drop of 24% year over year from a high of $157.01. Average sales price is $180,040, which is 20% lower than last year’s $225,329. Median sales price is at $178,695 down 18% from a high of $218,000. Homebuyers have thus afforded themselves homes approximately 5% bigger year over year.

Inventory is at 3 months (based on the last year of sales) and 3.2 months (based on the last six months of sales).

Homes in Rosemont continue to see high demand amidst low prices and foreclosures galore! A total of 49 units sold this month, an overall unit volume increase of 53.1% year over year. Almost 4 out of 5 sales are now distress sales. 36 foreclosures, 3 short sales and 10 non-distressed homes closed escrow this February. The 10 non-distressed homes show no change year over year, but foreclosure sales are up by 80% and short sales up by 50% for the same period.

Sold price per square foot is currently at $121.17 a drop of 21.7% year over year from its high of $153.93. Average sales price is also down 18% from $210,070 to $172,049. Median sales price is down 12% from its high of $204,500 last February to $179,900 this month.

Inventory is at 3.1 months no matter how you look at it, an indication of the strong demand for homes in Rosemont.

Home buyers can’t get enough of Rosemont. While elsewhere in Sacramento county sales are beginning to slow, Rosemont continues to surprise those of us that keep track of the numbers. Unit volume sales are still up 93% year over year. 39 foreclosures sold this month – that’s 72.2% of all sales, 10 short sales closed – that’s 18.5% of all sales, and 5 non-distressed homes also sold – a small 9.3% of all sales. Year over year, non-distressed sales have suffered a decline of 28.6% while foreclosures have gained 116.7% and short sales have gained 233% in sales year over year.

Sold price per square foot has declined 22.5% year over year, from $156.84 to today’s $121.56. The average sales price has fallen 26% year over year from $228,413 to $169,145. Median sales price has also dropped 23% for the same period from a high of $220,000 to $169,950.

Inventory in Rosemont is at 3.2 months based on the last 12 months of sales and 3.0 months based on the last 6 months of sales. Foreclosure inventory remains low at 1.2 months and 1.0 months for the same period.

As in other parts of Sacramento county, inventory in Rosemont seems to be drying up. We’ll have to wait and see if another wave of foreclosures upsets this lowering of inventory or if we can finally heave a sign of relief. Inventory is lower than it was last month, especially for foreclosures. Take a look: we are currently at 3.2 months of inventory if you base it on the average for the last year of sales and 2.6 months if you base it on the last six months of sales. Compare that with last month’s numbers of 4 months and 3.1 months respectively. Foreclosure sales only have inventory of approximately one month!

This is surprising considering total unit volume sales are up a mere 50% year over year. As has been the case for a while now, distress sales make up the major chunk of all homes sold. 62.5% of all sales are now foreclosures, while 10.4% are short sales. Short sales have enjoyed a 400% increase year over year. While the process is slow and drawn out, there seems to be some hope for short sales now. Only 27% homes sold are non-distressed. In spite of suffering a decline of 13.3% in sales year over year, non-distressed sales have almost doubled since last month.

Price data is also slightly better than last month as well, but a far cry from last year. The average price per square foot in Rosemont has fallen 25% year over year, from $173.10 to $130.13, slightly better than last month’s $128.16. Average sales price has fallen 27.4% year over year, from $258,045 to $187,331, again better than $177,780 which was November’s average sales price but nothing to write home about.

Median price is at $190,000, higher than November’s $170,000.

Rosemont continues to be a favorite amongst real estate buyers this November as well. This area close to the river and conveniently located close to highway 50 encompasses the 95826 and 95827 zip codes.

For Rosemont, unit sales are up 147.8% higher than they were last year for the same period, with foreclosure sales up 300%. 86% of all homes sold are now distress sales – that is 40 foreclosures and 9 short sales sold in the month of November. Compare that with only 8 non-distressed properties selling this last month.

Sold price per square foot has fallen 27.2% for the same period. The decline has been sharp, from $176.10 to $128.16. Average sales price has also fallen in tandem with the price per square foot: from $241,713 for a home in Rosemont last November to $177,780 this last month. Median sales price also tumbled 30% – from $244,000 to $170,000.

Inventory remains the same as last month: 4 months based on the last year of sales and 3.1 months based on the last six months of real estate sales.

Rosemont has entered some stability between last month’s and this month’s numbers for real estate sales and prices, but with 46 bank-owned homes still on the market (that’s only a one-month inventory, by the way) and 112 active short sales, that serene surface could change. The short sales are the real concern right now because they make up 22 or 14.3 months of inventory depending on how you look at them.

Sold price per square foot has dropped 32% over last October from $194.53 to $132.39, but not much from last month’s $134.76. The average sales price has fallen 33.8% from last October’s high of $287,494 to $190,234 this last month. Median price has also fallen 36.6% year over year from $288,250 to $182,666.50.

Obviously, foreclosure sales have a lot to do with the price declines. 12 times the number of foreclosures sold last October sold this October. I know, I know – but the sentence is meant to sound confounding. If you want confounding stats, here are the numbers: foreclosures are up by 1150% and short sales up by 1200%. That would be 50 foreclosures (69.4% of all sales), 13 short sales (18.1% of all sales) and 9 non-distressed homes (12.5% of total sales) selling in October 2008.

Unit volume is up by 125% – more than double the number of homes sold year over year. Inventory in Rosemont is at 4.3 months (based on the last year) and 3.1 months (based on the last 6 months.)

One of the hot spots for buyers in Sacramento is the Rosemont area (95826 and 95827).  More than twice as many homes sold this July (80 total) as a year ago in July (38 total).  Bank foreclosures accounted for 70% of all sales in July, with non-distressed homes making up 23.8% of sales.  As in most areas, the dismal bank acceptance rate of short sales meant that short sales came in dead last at 6.3% of sales even though they’re often priced very competitively indeed.

Sold price per square foot averaged $142.93 in July in Rosemont, down 33.1% from last July.  The average sale price was $206,844, down 34.6% from last year’s average of $316,313.

Needless to say, huge sales numbers help to fuel low inventory numbers.  Rosemont currently enjoys only four months of inventory, most of which are short sales.  There are currently 58 foreclosures, two foreclosures more than the 56 that sold last month.

Sacramento’s Rosemont area (95826 and 95827) is an area that’s priced well compared to Sacramento County’s overall average.  The average home in Rosemont sold for $139.48 per square foot in June, down 31.4% from last June’s average of $203.44.  (Sacramento County’s overall average price per square foot is $145.77, down 33.4% from last year).  The average home sold for $197,254 in June in Rosemont, down 30% from last year’s average of $281,760.

Unit volume in Rosemont has increased 37.8% from June of 2007 to June of 2008.  Bank foreclosures made up 62.9% of all sales in Rosemont in June, compared to 24.4% a year ago.

Inventory in Rosemont is currently lower than the greater Sacramento average, with 6.1 months of active inventory based on the sales for the last year.  If you look at the absorption rate for the last six months, however, then our inventory number is even lower, at 5.3 months.