Real Estate Market Update
January 2018 is a Seller’s market! The number of for sale listings was down 24.1% from one year earlier and the same as the previous month. The number of sold listings increased 33.3% year over year and decreased 18.2% month over month. The number of under contract listings was up 81.5% compared to previous month and up 14% compared to previous year. The Months of Inventory based on Closed Sales is 1.7, down 41% from the previous year.
The Average Sold Price per Square Footage was up 5.1% compared to previous month and up 5.1% compared to last year. The Median Sold Price decreased by 8.3% from last month. The Average Sold Price also decreased by 3.9% from last month. Based on the 6 month trend, the Average Sold Price trend is “Depreciating” and the Median Sold Price trend is “Neutral”.
The Average Days on Market showed a neutral trend, a decrease of 28.6% compared to previous year. The ratio of Sold Price vs. Original List Price is 96%, an increase of 1.1% compared to previous year.
Proprietary charts with momentum (Þ):
5-Year Charts without momentum:
- For Sale, Sold, Pended (95628)
- Avg Price Per Square Foot (95628)
- Avg CDOM, SP/OLP (95628)
- Median, Sold, For Sale (95628)
- Mos Inventory (95628)
Fair Oaks (updated indicators below) is a popular suburb of Sacramento where the hills start to grow and trees rule the dirt. In fact, oak trees are protected and “owners” fined when a tagged tree is modified – call an arborist before you prune an oak. But it’s my favorite area because of its proximity to shopping, commute, peaceful walks, and an abundance of trees – I like trees and dirt.
Call me to get insider info into any of these Listings:
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