Real Estate Market Update
January 2018 is a Seller’s market! The number of for sale listings was down 27.6% from one year earlier and down 46.2% from the previous month. The number of sold listings increased 16.7% year over year and decreased 33.3% month over month. The number of under contract listings was down 18.9% compared to previous month and up 42.9% compared to previous year. The Months of Inventory based on Closed Sales is 0.8, down 33.1% from the previous year.
The Average Sold Price per Square Footage was up 2.1% compared to previous month and up 5.3% compared to last year. The Median Sold Price increased by 2.9% from last month. The Average Sold Price also decreased by 1.5% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Appreciating”.
The Average Days on Market showed a neutral trend, was the same compared to previous year. The ratio of Sold Price vs. Original List Price is 95%, a decrease of 5% compared to previous year.
Proprietary charts with momentum (Þ):
Orangevale boasts of larger (horse property) lots and a rural feel. There are infill areas of newer and higher-priced homes. If it’s horses you want or need, this may be the place.
- For Sale, Sold, Pended (Orangevale)
- Avg Price Per Square Foot (Orangevale)
- Avg CDOM, SP/OLP (Orangevale)
- Median, Sold, For Sale (Orangevale)
- Mos Inventory (Orangevale)
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