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Sacramento Year to Date Home Sales

By
Real Estate Broker/Owner with Riede Real Estate, Lic. 01310792

Sacramento Real EstateHave you been wondering how real estate in the Sacramento region is doing?

To the left is a chart showing the single family homes sold in and around the Sacramento, CA area from January 1, 2008 through August 31, 2008

This chart does not include condos, land, multi dwelling units or business opportunities.

The trend of sold houses as seen in the chart was a steady increase from January 2008 until July 2008 with August home sales down 201 houses sold the previous month in July. The chart below shows the number of homes sold in the Sacramento region along with the average sold price for each month.  Although, the number of sold houses in August was down from July, the average sold price of a house was up by $5,506.

Sacramento Real Estate Chart

 

 If you are thinking of relocating to the Sacramento California area, check out what homes are typically selling for in each of the neighborhoods.

 If you would like to know what your neighborhood real estate trends show for the month of August 2008 with homes for sale, homes in pending sale (received offers) and sold homes, simply click Sacramento neighborhood real estate market report for August 2008.

Please remember, that each neighborhood within a one square mile radius of you house will have its own real estate market trend of homes sold, average prices and homes for sale. The chart is an overview of each zip code not necessarily a specific neighborhood.

In August 2008, the Sacramento area had 1,073 homes for sale for the month and by the end of August 1,862 homes sold for an average price of $240,541. It took an average of 51 days to sell these homes for sale and the average square footage of homes sold in Sacramento for August 2008 was 1,697.

Data Quick reported 3,677 detached homes and condos sold in August in Sacramento. This figure represented 50 sales drop from July. Home prices in Sacramento County were 32.7% down over last year.  However, the overall home sales were up 41.6% in August for the area.

From January 2008 through August 2008 in the Sacramento County area 11, 942 single family homes have sold.

You are welcome to visit the Sacramento County Real Estate Market Stats and check each month for the city you live in or are thinking of relocating to for the current monthly report of homes for sale and homes sold.

 

If you like what you read here on Sacramento Real Estate Voice simply click and subscribe FeedButton to get the latest articles sent to your email.

Sacramento MLS where you can pick any community or city around Sacramento and see homes for sale.or simply click on the search icon and pick the area you are interested in finding a home or condo for sale in Sacramento MLS .

 

Other Real Estate Market Sales Reports:

Sacramento Real Estate Market Report for June 2008

The Outlook for Sacramento Real Estate is on the Upswing

Sacramento St. Particks Parade and February Home Sales

Sacramento Home Sales Report for January 2008

Comments(4)

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Interesting stats.  It is scary to look at average price in you chart, the lower the prices the more the sales.  I would be curious to find out how many of these sales are foreclosures.

Sep 14, 2008 02:51 AM
Gena Riede
Riede Real Estate, Lic. 01310792 - Sacramento, CA
Real Estate Broker - Sacramento CA Real Estate (916) 417-2699

Jim, many are. We have a tremendous amount of Short Sales and Foreclosures here. That is the nature of the sub-prime beast that has reared its ugly head. The sooner we get these babies sold and off the books, the sooner the economy will have a positive turn.

Sep 14, 2008 05:15 AM
Chris Carter
eVolV Equity - Roseville, CA

What's really strange about this market is all the investor cash on one end of the spectrum, and all the 1st time buyers on the other. It's amazing how many people are buying homes now!

By the way, have you heard about the "short refinance"? I'd be happy to share with you if you don't know about it.

Chris

Sep 17, 2008 06:42 PM
Gena Riede
Riede Real Estate, Lic. 01310792 - Sacramento, CA
Real Estate Broker - Sacramento CA Real Estate (916) 417-2699

Chris, your absolutely right. It seems as though they are either First Time Home Buyers or Investors...either way everyone is looking for a deal. I've also had some that have purchased new home sales, as well.

It sounds like I hear a blog article coming....short refinance...

Sep 18, 2008 03:57 AM