I thought you guys find this interesting. I was looking at some sales statistics in Sacramento County. This numbers are as of May 15, 2008. Let me know what you think and if you would like more content like this.
In Sacramento County, there are presently 2459 active foreclosures listings (single family homes, condos and half plexes).
There are presently 2740 foreclosures in escrow.
The average listing price for the pending homes was $199,429.
The average time it took to get an accepted offer was 46 days.
The median listing prices for the pending homes was $185,000.
The median time it took to get an accepted offer was 20 days.
1356 foreclosures sold from 4/1/08 to 5/15/08 or over 30 per day.
The average listing price for the sold homes was $211,444.
The average sales price for the sold homes was $207,250 or 98.02% of the list price.
The average time it took to get an accepted offer was 56 days.
The median listing prices for the sold homes was $198,450.
The median sales price for the sold homes was $195,000 or 98.26% of the list price.
The median time it took to get an accepted offer was 26 days.
1109 foreclosures sold between 2/15/08 and 3/31/08 or 24.64 per day.
The average listing price for the sold homes was $228,564.
The average sales price for the sold homes was $220,595 or 96.51% of the list price.
The average time it took to get an accepted offer was 57 days.
The median listing prices for the sold homes was $215,000.
The median sales price for the sold homes was $210,000 or 93.02% of the list price.
The median time it took to get an accepted offer was 34 days.
797 foreclosures sold between 1/1/08 and 2/15/08 or 17.32 per day.
The average listing price for the sold homes was $243,102.
The average sales price for the sold homes was $230,681 or 94.89% of the list price.
The average time it took to get an accepted offer was 70 days.
The median listing prices for the sold homes was $232,000.
The median sales price for the sold homes was $225,000 or 96.98% of the list price.
The median time it took to get an accepted offer was 47 days.
Foreclosure Sales from 1st period compared to 3rd period:
Average sales price down 11.57%
Median Sales price down 13.34%
Number of Sales increased 41.32%
Average days on the market has decreased 34%
Median days on the market has decreased 57%
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