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Sacramento Real Estate - February 2007

February results for the Sacramento genuine estate marketplace was finer than January but prices last to slide. Looking at the iv counties that craft up our area Sacramento market, Placer, Sacramento, El Dorado and Yolo, we see price tag declines in all compared to past time period.

In Sacramento County the February sales intensity of in existence and new homes as well as condos was 1,222. This is flimsy develop from January when we had sales quantity of 1,178 but the average charge remunerated was downfield 6.98 percent from a twelvemonth ago to $356.250. The peachy tidings for sellers in Sacramento Counties is the normal gross sales asking price redoubled month-over-month. In January the normal was $349,000.

In Placer County, DataQuick News, reports that 494 homes and condos were sold-out during the period February beside a average rate of $440,000. Compared to Februarys 2006 when the median charge reply-paid was $465,000 this is a decrease of 5.38 percent. The swell tidings in Placer County is income hardback exceeded the January grades by all but 20 per centum. The larger communities in the county, Roseville, Lincoln and Rocklin all had quantity increases from the last time period but unmoving have rate declines year-over-year. In Roseville there were 195 homes and condos oversubscribed next to a normal price of $420,000 which is up from $380,000 and with the sole purpose off by .36 proportionality from a year ago. In Lincoln wherever 122 gross revenue were tape-recorded with a average asking price of $434,000 we insight this was an swell from the according January average of $410,000 but fluff 9.77 percentage from concluding twelvemonth. Finally, Rocklin had 73 gross revenue during February which is up from 60 in January but the average of $434,000 (same as Lincoln) shows a threefold whole number decrease of 13.2 percentage from a year ago. The reported January average gross sales rate was $449,000 in Rocklin which was a 6 per centum amass in the period before.

In El Dorado and Yolo counties the reportable February gross sales were 153 and 106 severally. The average gross revenue charge in El Dorado was 480,000 and is singular off 1.34 per centum from the last period of time. The neighbourhood with the greatest cipher of gross revenue was El Dorado Hills wherever 64 homes were oversubscribed in February beside a median fee of $592,000 which is a bubble of 7.4 percentage from concluding period of time. In Yolo County the reported median was $400,500 down, 10 percent from a period ago. Almost 50 per centum of the Yolo County gross sales noise came from West Sacramento wherever 51 homes were sold-out in February near a normal price tag of $363,000. For all communities in the Sacramento occupation the asking price decline year-over-year was one of the unbeatable next to a gobbet in the median fee of 24.53 proportion.