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:


$569,000 (For Sale)
Beds: 4
Baths: 2 | 1
Sq. Ft.: 2,644
Listing Office: Weichert REALTORS-Galster Group
$1,100,000 (For Sale)
Beds: 5
Baths: 3
Sq. Ft.: 3,607
Listing Office: Berkshire Hathaway Home Services Dunnigan Properties
$949,000 (For Sale)
Beds: 5
Baths: 4
Sq. Ft.: 3,424
Listing Office: RE/MAX Gold Laguna
$925,000 (For Sale)
Beds: 4
Baths: 4
Sq. Ft.: 3,740
Listing Office: FREN
$899,000 (For Sale)
Beds: 3
Baths: 2
Sq. Ft.: 2,784
Listing Office: Real Estate EBroker Inc.
$899,000 (For Sale)
Beds: 4
Baths: 3 | 1
Sq. Ft.: 3,120
Listing Office: Lyon RE Fair Oaks
$795,000 (For Sale)
Beds: 5
Baths: 4
Sq. Ft.: 3,312
Listing Office: Excel Realty Inc.
$769,000 (For Sale)
Beds: 3
Baths: 2
Sq. Ft.: 1,850
Listing Office: Coldwell Banker Residential Brokerage
$750,000 (For Sale)
Beds: 4
Baths: 3
Sq. Ft.: 2,752
Listing Office: Harmon Real Estate
$750,000 (For Sale)
Beds: 2
Baths: 1
Sq. Ft.: 1,061
Listing Office: Haney Garcia Realty Group
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MetroList CA data last updated at October 22, 2017 7:16 AM PT

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