Market Update

September 2017 is a Seller’s market! The number of for sale listings was up 9.7% from one year earlier and down 2.5% from the previous month. The number of sold listings was the same year over year and decreased 17.8% month over month. The number of under contract listings was up 4.3% compared to the previous month and up 26.3% compared to the previous year. The Months of Inventory based on Closed Sales is 2.1, up 10.3% from the previous year.

The Average Sold Price per Square Footage was up 1.7% compared to the previous month and up 4% compared to last year. The Median Sold Price increased by 5.1% from last month. The Average Sold Price also increased by 1.8% 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 upward trend, an increase of 27.6% compared to the previous year. The ratio of Sold Price vs. Original List Price is 96%, was the same compared to the 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.

5-Year Charts:


$820,000 (For Sale)
Beds: 4
Baths: 4
Sq. Ft.: 3,952
Listing Office: Sheremet Realty
$750,000 (For Sale)
Beds: 2
Baths: 1
Sq. Ft.: 1,061
Listing Office: Haney Garcia Realty Group
$660,000 (For Sale)
Beds: 5
Baths: 4
Sq. Ft.: 3,408
Listing Office: Lyon RE Downtown
$650,000 (For Sale)
Beds: 3
Baths: 1
Sq. Ft.: 1,345
Listing Office: Coldwell Banker Residential Brokerage
$645,000 (For Sale)
Beds: 4
Baths: 3
Sq. Ft.: 2,755
Listing Office: RE/MAX Gold Midtown
$644,900 (For Sale)
Beds: 3
Baths: 4
Sq. Ft.: 2,542
Listing Office: Allison James Estates & Homes
$599,000 (For Sale)
Beds: 5
Baths: 2
Sq. Ft.: 2,563
Listing Office: Hybrid Brokers Realty-Gold River
$595,000 (For Sale)
Beds: 3
Baths: 2
Sq. Ft.: 1,624
Listing Office: Windermere Granite Bay REALTORS
Open House: Dec 17, 2017 12:00 PM - 3:00 PM
6534 Walnut Avenue, Orangevale, CA 95662
$495,000 (For Sale)
Beds: 3
Baths: 2
Sq. Ft.: 1,503
Listing Office: RE/MAX Gold Sierra Oaks
$494,900 (For Sale)
Beds: 4
Baths: 2 | 1
Sq. Ft.: 2,025
Listing Office: Coldwell Banker Residential Brokerage
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MetroList CA data last updated at December 16, 2017 7:05 PM PT

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