The real estate market in Fair Oaks CA is recovering well!

I love Fair Oaks California, and one of my favorite things is how it is a little bit of everything. It is primarily a bedroom community, but it contains many small businesses and is very near large shopping malls and centers. It feels rural and is considered semi-rural, yet it is actually not that far from the "big city."

Its housing continues with the theme of having a combination of varied styles and sizes of homes. You can find McMansions next to tiny cabins, and up the street will be a tract of middle-sized homes.

It is this diversity of styles, sizes and prices that makes it an interesting place to live, though it can sometimes be challenging to arrive at comparable sales for listings.

There are several tracts that have been built through the years, but a large number of homes are custom, including some very old ones and some very big and new that have been built in the last few years. There are homes selling for as much as $2,000,000+ and a few under $100,000.

Preparing a market report for Fair Oaks California is therefore a different experience - particularly if it is to have any meaning. For that reason, I like to analyze the sales and active listings by price range. That way you can see what range has the most active listings and which is selling more.

It can also be useful to see the market trends, rather than a static snapshot of market conditions. Here is a graph showing how the market is improving over–all in Fair Oaks California, through all price ranges over the past 15 months.

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One problem with the news reporting is that they seem to pick out a very simplified set of numbers. They will say things like: There were fewer sales last month or prices are down.

My questions are: Fewer sales of what? And prices on what? Where? Those “news” statements don’t reflect my experience here in Fair Oaks.

Below are the past 15 months of Fair Oaks active listings, sales, and pendings (those for whom a contract has been submitted to escrow).

Here are records of Fair Oaks homes listed or sold at up to $299,000 between October 1, 2010 and December 31, 2011.

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The same information for homes listed or sold between $300,000 and $599,999.

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Homes listed or sold between $600,000 and $999,999.

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Homes listed or sold at $1,000,000 or more.

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As you can see, the trends are very different in different price ranges. This can give you an idea of where the market is stabilizing and where it is not yet settling down. Clearly the very high end market is a bit uncertain and the graph looks erratic.

But in most price ranges, there are fewer homes sitting on the market, more sales and pendings, and with multiple offers on the narrowing inventory, the prices are beginning to inch up.

With interest rates still historically low, now is a great time to buy. And with a smaller inventory, sellers have less competition, so it is also a great time to sell! Our local market is achieving a great balance – and that is good for all.

So I think you can see that the real estate market in Fair Oaks CA is recovering well.

Right now there are 2 homes listed in Fair Oaks, CA at over one million dollars. They are both spectacular and different. I would love to find just the right buyer for either of them.

Call me if you are interested in buying a home in the wonderful community of Fair Oaks, CA and I would be glad to help you in any price range that fits your budget.

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Susan Neal "Happy clients make me happy."
Broker / Realtor
Century 21 Noel David Realty
Fair Oaks, California

Full time real estate services in Fair Oaks CA, with friendly professionalism, 30+ years experience.

I work hard to give my buyer or seller a low-stress transaction.

For all your real estate needs or questions, call me at (916)705-8951 or visit my website at www.SusanNealFineProperties.com.

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