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auburn home sales: Real Estate Market Trends for Auburn, California 95614 - 06/27/11 06:10 PM
From the graph below you can see the local foothill market of Auburn is bucking the national trend. Our sales are up in a big way! Closed sales are up a whopping 77% from last year and pending sales are up 45%, while the inventory has dropped just under 12%. If these patterns hold we will begin to see prices rise. Simple economics of supply and demand. Many price ranges and micro markets are seeing multiple offers for the most desireable properties. For home values see the next chart
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auburn home sales: Auburn Real Estate Trends in the $500,000. price range & up - 04/28/11 09:02 PM
Sales have remained somewhat consistent for the last 15 months, allowing for seasonal fluctuations. The inventory is nearly half of what it was a year ago, however there is still a great selection of quality homes at bargain prices. Speaking of Prices, we have seen an uptick in higher end home sales in great condition with extravagant upgrades, correspondingly we see an increase in the price per square foot; which might mean we will see prices stablizing; however with 12 months of inventory at the current absorption rate, it is too soon to tell. California is on SALE, no sale lasts forever … (0 comments)
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auburn home sales: Auburn Home Sales Trends Priced under $250,000. - 04/28/11 07:58 PM
California is ON SALE! Buyers are recognizing this and have come out along with the Sunshine to take advantage of great deals. Correspondingly, inventory has dropped just as home buyers take action, leaving even less to choose from. Simple economics indicate at this pace prices will start to rise! Buyers who continue to wait may miss out on the best selection, as pending sales have increased dramatically tying up the most desirable homes
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Cathy Sarmento
Auburn,
CA
More about me…
Granite Real Estate "Cool Team"
Address: 1011 Lincoln Way, Auburn, CA, 95603
Office Phone: (530) 823-5783
Cell Phone: (530) 320-5783
Email Me
Real Estate Topics and Tips for Central California Sierra Foothill towns of Auburn, Meadow Vista, Newcastle, Cool Pilot Hill, Garden Valley, Georgetown, Applegate, Weimar, Colfax,Loomis, Rocklin and surrounding areas
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