The Sacramento area housing market continues to struggle. Here is some selected home sales stats in several different parts of town from DataQuick for February '08:
Elk Grove 95624
Homes Sold: 58 Median Price: $299,750 %Change from '07: -26.8% Highest Price: $925,000
Folsom 95630
Homes Sold: 48 Median Price: $420,000 %Change from '07: -8.6% Highest Price: $635,000
Sacramento 95818
Homes Sold: 27 Median Price: $404,000 %Change from '07: -19.0% Highest price: $899,000
Sacramento 95822
Homes Sold: 44 Median Price: $179,250 %Change from '07: -34.8% Highest Price: $595,000
Sacramento 95834
Homes Sold: 10 Median Price: $280,000 %Change from '07: -27.7% Highest Price: $725,000
West Sacramento 95691
Homes Sold: 25 Median Price: $306,000 %Change from '07: -16.8% Highest Price: $470,000
Pretty grim isn't it? Unless your in the market to buy right now. We'll soon know if we'll see our usual Spring upswing or a continued downward spiral. Regardless of whether we've seen the bottom of the market or not, this downturn was needed to bring prices back down to affordable levels. Unfortunately, now credit is much harder to come buy.
But for some sellers in Placer County, here's a bit of good news:
Granite Bay 95746
Homes Sold: 11 Median Price: $735,000 %Change from '07: 8.8% Highest Price: $1,125,000
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