The Sacramento Bee reports a Housing Crsis for Sacramento, with historically high mortgages in defaults. The number of defaults in the 2nd quarter in 2007 is about 2.5 times that of the 2nd quarter of 2006. The Roseville & Rocklin Today reported that the median price of sold home in August in Sacramento declined 13.9% to $310,000 from a year ago.
Real estate is a very local thing and every city may be a little different from the others. In this article, I am going to explore the main large cities in the Sacramento area to see how these places are doing. For each of these cities, I am going to review the total number of homes on the market for those area, the average number days of homes on the market, and the average dollar per square foot.
Number of homes: 496
Averate days on market – 54 days
$/sf – $188
Number of homes: 544
Average days on market – 62 days
$/sf – median $207
Number of homes: 1631
Average days on market – 61 days
$/sf – 191
Number of homes: 430
Average days on market – 54 days
$/sf – median $238
Number of homes: 271
Average days on Market – 61 days
$/sf – $189
Number of homes: 1,002
Average days on market – 61 days
$/sf – $218
Number of homes: 5,906
Average days on market – 60
$/sf – median $199
Number of homes: 384
Average days on market – 76 days
$/sf – $235
To see a list of homes currently on the market, you can click on one of these links:
