Home Prices in Fair Oaks, CA 95628 for February 2014
Real estate market data for Fair Oaks, CA 95628 provided by David Vandermyden of Pacific Coast Group, KellerWilliams
Fair Oaks Home Prices
We have seen home prices flat for the past 6-7 months on home prices in Fair Oaks and don’t expect things to change for the short term. If you are considering buying a home you can still find deals on a house in Fair Oaks but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Fair Oaks home on which you are making an offer.
If you are interested in how much current inventory is on the market in Fair Oaks you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Fair Oaks, homes have a median time of 51 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Fair Oaks has multiple offers coming in on homes similar to what we saw back in 2005. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices could continue to rise.
Fair Oaks Real Estate Report Summary
The median list price in January for single family homes in Fair Oaks is $409,410.
The list prices increased by 3.5% from the previous month.
The price per square foot for listings in this area is $185.
The median sale price in January for single family homes was $387,000.
The sale prices increased by 24.2% from January 2013.
The average price for sale in this area is $387,000.
Find Homes for Sale in Fair Oaks, CA 95628
Visit my website to search for homes in Fair Oaks or to be notified when Fair Oaks homes come on the market.
To find out what your home is worth in the current market email me or call 916-787-1200.
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