Sacramento Real Estate - February 2007

February grades for the Sacramento definite estate flea market was larger than January but prices maintain to glide. Looking at the 4 counties that craft up our area Sacramento market, Placer, Sacramento, El Dorado and Yolo, we see rate declines in each compared to closing twelvemonth.

In Sacramento County the February income amount of surviving and new homes plus condos was 1,222. This is faint addition from January when we had income noise of 1,178 but the normal damage salaried was fuzz 6.98 proportionality from a period ago to $356.250. The better news for sellers in Sacramento Counties is the normal sales charge raised month-over-month. In January the average was $349,000.

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In Placer County, DataQuick News, reports that 494 homes and condos were sold during the period of time February next to a normal charge of $440,000. Compared to Februarys 2006 when the average price tag prepaid was $465,000 this is a dribble of 5.38 per centum. The apposite communication in Placer County is gross sales manuscript exceeded the January results by nearly 20 per centum. The larger communities in the county, Roseville, Lincoln and Rocklin all had hardback increases from the preceding period but motionless have price declines year-over-year. In Roseville here were 195 homes and condos sold-out next to a average charge of $420,000 which is up from $380,000 and lone off by .36 percentage from a time period ago. In Lincoln where 122 gross sales were recorded with a normal price of $434,000 we brainstorm this was an heighten from the reportable January average of $410,000 but trailing 9.77 percentage from ultimate period. Finally, Rocklin had 73 gross sales during February which is up from 60 in January but the normal of $434,000 (same as Lincoln) shows a doppelganger digit decrease of 13.2 proportionality from a twelvemonth ago. The reported January median gross revenue damage was $449,000 in Rocklin which was a 6 pct soar in the twelvemonth earlier.

In El Dorado and Yolo counties the reportable February gross revenue were 153 and 106 respectively. The average gross sales cost in El Dorado was 480,000 and is one and only off 1.34 proportionality from the most recent yr. The colony next to the large figure of gross sales was El Dorado Hills wherever 64 homes were sold-out in February with a median rate of $592,000 which is a drop of 7.4 percentage from finishing yr. In Yolo County the rumored normal was $400,500 down, 10 percent from a year ago. Almost 50 percentage of the Yolo County income manuscript came from West Sacramento wherever 51 homes were sold-out in February next to a median fee of $363,000. For all communities in the Sacramento band the fee diminution year-over-year was one of the uppermost next to a blob in the average fee of 24.53 pct.

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