Real Estate Market Update
January 2018 is a Seller’s market! The number of for sale listings was down 30% from one year earlier and up 21.7% from the previous month. The number of sold listings increased 58.3% year over year and decreased 34.5% month over month. The number of under contract listings was up 10.5% compared to previous month and up 40% compared to previous year. The Months of Inventory based on Closed Sales is 2.9, down 57% from the previous year.
The Average Sold Price per Square Footage was down 9.1% compared to previous month and up 0.7% compared to last year. The Median Sold Price decreased by 10% from last month. The Average Sold Price also decreased by 27.8% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.
The Average Days on Market showed a neutral trend, a decrease of 45.8% compared to previous year. The ratio of Sold Price vs. Original List Price is 93%, an increase of 2.2% compared to previous year.
Proprietary charts with momentum (Þ):
Granite Bay is well-know for being the highest priced homes in the 3-County area. Proximity to Folsom Lake and popular private/gated communities make this the million-dollar zip code. Some more expensive communities include Bella Terra, Los Lagos, Cavitt Ranch, Chelshire, The Boulders, and Folsom Lake Estates. When the wealthy start buying, they buy in Granite Bay.
- For Sale, Sold, Pended (Granite Bay)
- Avg Price Per Square Foot (Granite Bay)
- Avg CDOM, SP/OLP (Granite Bay)
- Median, Sold, For Sale (Granite Bay)
- Mos Inventory (Granite Bay)
Listing Co-Office: Lyon RE Roseville
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