The numbers are in for Roseville for November, 2007. The average home sold in Roseville this November for $383,605, down 17.3% from last year's average of $463,647. However, at least some this drop was due to this year's average home being 1976 square feet versus 2051 square feet last year. As a result, the average sold price per square foot dropped less dramatically (well, a little less dramatically, anyway, but we'll take what we can get). Sold price per square foot for Roseville homes in November averaged $194.13, a 14.1% decline from last November's average of $226.06.

The number of foreclosures in Roseville -- and in Placer County as a whole -- is midway between the Sacramento County numbers, which are quite high, and the low numbers in El Dorado County. In active inventory, 15.2% of homes are bank owned foreclosures, and 21.7% are short sales. Of the November sales, 23.5% were bank owned foreclosures and 17.6% were short sales.

Although unit volume in November was a pathetic 41.4% of last November's unit volume, other recent months must have made up for it, because inventory in Roseville continues to be somewhat low compared to Sacramento or Placer County as a whole. Currently there are 7.5 months of unsold inventory, down from 8.2 months in October.

Related Links

Browse Roseville Real Estate by Price and Location

General Home Search -- Greater Roseville Area

Roseville Real Estate Market Update (October)

Older Market Updates (Archives)

 

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John Lockwood

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Lockwood Real Estate

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