We may have just seen the bottom of the real estate market with my most recent Rocklin sale. 5756 Terrace Drive was a bank owned home that just closed for $165,000. With 3 bedrooms, 2 baths, and 1,577 square feet, this home is priced just under $105 per square foot! Even considering this home was a bit of a fixer, it's a great deal. The average price per square foot in March 2012 was $141! While this Rocklin home was in escrow, the inventory of homes on the … (0 comments)
It's been the real estate buzz for a few months now. Where's all the Rocklin home inventory and where did all the foreclosures go? It's turned into a mini seller's market lately as inventory has significantly dropped...down 33% from last year. Buyer's are in a frenzy. Multiple offers on all of my listings and sellers are getting at or over list price. Foreclosures in Rocklin and the rest of California have been stalled while banks held back foreclosures during their robo-signing settlement. Now, that California has settled, foreclosure starts are up 28% in January as reported … (1 comments)
Rocklin Real Estate Agent - Did We Just See the Bottom?
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