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Where Are We Going
acramento Real Estate - February with a median price of
February 2007 $440,000. Compared to Februarys
2006 when the median price paid
February results for the was $465,000 this is a drop of
Sacramento real estate market was 5.38 percent. The good news in
better than January but prices Placer County is sales volume
continue to slide. Looking at the exceeded the January results by
four counties that make up our almost 20 percent. The larger
local Sacramento market, Placer, communities in the county,
Sacramento, El Dorado and Yolo, Roseville, Lincoln and Rocklin
we see price declines in each all had volume increases from the
compared to last year. previous month but still have
price declines year-over-year. In
In Sacramento County the February Roseville there were 195 homes
sales volume of existing and new and condos sold with a median
homes including condos was 1,222. price of $420,000 which is up
This is slight increase from from $380,000 and only off by .36
January when we had sales volume percent from a year ago. In
of 1,178 but the median price Lincoln where 122 sales were
paid was down 6.98 percent from a recorded with a median price of
year ago to $356.250. The good $434,000 we find this was an
news for sellers in Sacramento increase from the reported
Counties is the median sales January median of $410,000 but
price increased month-over-month. down 9.77 percent from last year.
In January the median was Finally, Rocklin had 73 sales
$349,000. during February which is up from
60 in January but the median of
In Placer County, DataQuick, $434,000 (same as Lincoln) shows
reports that 494 homes and condos a double digit decline of 13.2
were sold during the month percent from a year ago. The
reported January median sales The Winners: Communities with at
price was $449,000 in Rocklin least 10 sales:
which was a 6 percent increase in
the year before. City or Town SalesMedian
PriceChange
In El Dorado and Yolo counties Shingle Springs 18
the reported February sales were 432,000.88
153 and 106 respectively. The Sloughhouse 10 526,7504.46
median sales price in El Dorado South Lake Tahoe 32
was 480,000 and is only off 1.34 500,0007.53
percent from the previous year. Rio Linda 12 299,2508.82
The community with the largest Loomis 10 845,00022.46
number of sales was El Dorado
Hills where 64 homes were sold in The Losers: There were 21
February with a median price of communities with at least 10
$592,000 which is a drop of 7.4 sales and year-over-year declines
percent from last year. In Yolo in the median price. The five
County the reported median was worst performing communities in
$400,500 down, 10 percent from a February were:
year ago. Almost 50 percent of
the Yolo County sales volume came City or TownSalesMedian
from West Sacramento where 51 PriceChange
homes were sold in February with North Highland14254,500 -13.58
a median price of $363,000. For Auburn 30359,500 -15.81
all communities in the Sacramento Carmichael46331,500 -17.23
area the price decline West Sacramento51363,000
year-over-year was one of the -24.53
highest with a drop in the median El Macero13449,000 -27.87
price of 24.53 percent.
About the Author:
Julie Jalone is an experienced professional Realtor® serving buyers and sellers of residential real estate in the Greater Sacramento area including Placer and El Dorado counties. Some of the communities served by Julie include Sacramento, Roseville, Rocklin, Lincoln, Loomis and Granite Bay. To learn more about Julie, visit her website, jalone.com, where you will find additional articles, current listings, home search, news, resources for buyers and sellers and her daily blog, "Keep it Real in Sacramento."
Read more articles by: Julie Jalone
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