As 2013 comes to a close, it's time to take a statistician's look into the real estate numbers in our own Placer County, California.
These numbers are compiled from TrendGraphix, Inc. and span September 2012 into November, 2013, and the December information will be tallied and updated soon.
What does this add up to? A healthy, appreciating market, with high demand and an increase in supply. Listings are selling quickly and for full price or above, when priced correctly to start. That is important, because there were a large number of houses sitting on the market and left unsold. The market is seeing plenty of inventory, so it's a great time to buy while rates are still low, before demand increases and prices escalate in the spring and summer of 2014.
Average Price for Sales and Listings.
Summary: The average active listing price is up 3.3% and the average sold price up 15.5% over one year.
Average Price per Square Foot.
Summary: There is a 19.6% increase in average price per square foot.
Number of Homes For Sale, Pending, and Sold.
Summary: The number of homes for sale are up 40.8%, pending are up 2.6%, and homes sold are down 25.6%
Average Days on Market and Sale Price Compared to Listing Price.
Summary: The average combine days on market are down 21.6%, while the percentage of sale prices versus original listing prices is down .01%
Months of Available Inventory.
Summary: There is a 85.7% increase in the number of months of inventory available on the market.
The Alfano Group Real Estate is happy to help you if you have any questions about the Placer County real estate market, or if you'd like to see what your home is worth.
Look for a release of the Sacramento real estate numbers next week.