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John Lockwood

West Roseville Real Estate Market Snapshot 95747

Finishing up our series of Roseville Market snapshots (for now -- anyway -- we may have an aggregate market update for Roseville available soon), here is a snapshot of market data for West Roseville (95747) for May, 2008. This snapshot reprinted by permission from the Roseville Real Estate Blog.

Unit Volume Data

Units Sold May, 2007 May, 2008 Change
Foreclosures Sold 12 36 200.00%
(% of total units) 18.75% 42.35%
Short Sales Sold 4 11 175.00%
(% of total units) 6.25% 12.94%
Non-distressed Sold 48 38 -20.83%
(% of total units) 75.00% 44.71%
Total 64 85 32.81%

Price Data

Prices May, 2007 May, 2008 Change
Sold Price / Square Foot $230.26 $172.48 -25.09%
Average List Price $472,039 $400,729 -15.11%
Average Sale Price $461,728 $387,516 -16.07%

Inventory

Sold Last 12 Months Active Months of Inventory
723 344 5.7

Central Roseville Real Estate Market (95678)

This Central Roseville real estate market snapshot is reprinted by permission of the Roseville Real Estate Blog. It covers the period of May, 2008 with inventory figures as of June. This report is based on MLS data and covers Roseville 95678.

Unit Volume Data

Units Sold May, 2007 May, 2008 Change
Foreclosures Sold 7 32 357.14%
(% of total units) 16.67% 56.14%
Short Sales Sold 2 6 200.00%
(% of total units) 4.76% 10.53%
Non-distressed Sold 33 19 -42.42%
(% of total units) 78.57% 33.33%
Total 42 57 35.71%

Price Data

Prices May, 2007 May, 2008 Change
Sold Price / Square Foot $223.99 $162.71 -27.36%
Average List Price $368,172 $295,658 -19.70%
Average Sale Price $359,077 $288,693 -19.60%

Inventory

Sold Last 12 Months Active Months of Inventory
456 230 6.1

East Roseville Real Estate Market Snapshot

This market snapshot covers the period May, 2008 for East Roseville, California (95661). Reprinted by permission from http://www.rosevillehomesandland.com.

Price Data

Prices May, 2007 May, 2008 Change
Sold Price / Square Foot $229.39 $190.22 -17.08%
Average List Price $421,297 $405,650 -3.71%
Average Sale Price $407,416 $395,374 -2.96%

Inventory

Sold Last 12 Months Active Months of Inventory
247 152 7.4

Unit Volume Data

Units Sold May, 2007 May, 2008 Change
Foreclosures Sold 2 11 450.00%
(% of total units) 9.09% 37.93%
Short Sales Sold 2 0 -100.00%
(% of total units) 9.09% 0.00%
Non-distressed Sold 18 18 0.00%
(% of total units) 81.82% 62.07%
Total 22 29 31.82%

Greater Sacramento Real Estate Market Update Roundup

Here's a roundup of some of the real estate market updates that Elite Properties bloggers published in May in Sacramento County. Generally these articles deal with sales for the previous month (April):

Folsom

Franklin / Freeport

East Florin / Churchhill Downs

Rosemont

Elk Grove

Antelope

Sacramento County Condo Market

Sacramento County Real Estate Market Part I and Part II.

Overall the story for our entire area is one where prices have fallen heavily, and demand has turned a corner and is picking up. Even the Sac Bee is picking up the story of a real estate recovery.