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Christian Valley, CA

Chirstian Valley, Applegate & Weimar Housing Trends

Cathy Sarmento: Real Estate Agent in Auburn, CA

Over the last 15 months inventory is up only 1.5% with sales up a whopping 62.5% and pending sales building at 20% over the past. Our remaining unsold inventory at this pace would take 5.2 months to absorb. Home prices seem to be almost finding some stability with ranges from $146-195 per square foot and last month's average at $179. The market is still being driven by 1st time home buyers, though now the Federal tax credit has expired. Interest rates under 5% are spurring others to consider purchases. All buyers are looking at value and condition and sellers must still compete with short sales and bank repos. Realistic pricing is seeing sales times in 60 to 130 days.