July Real Estate Market Update (data from June 2012)
for Roseville and Rocklin, California
Some of this dialogue is a repeat from last month, as much of it still holds true …
What IS unique to this month – Rocklin is at an ALL-time high for 2012 for average sales price and Roseville is finally under 700 homes for shadow inventory (hooray). All great things and positive indicators for our local real estate market this past month.
If you are a buyer, you know what challenges are out in the market right now … many homes are receiving multiple offers with contingencies waived, creating almost a frenzy on turn-key homes in highly-targeted areas. Though we will state, some price brackets and areas aren’t seeing the same frenzy, so this isn’t a blanket comment. We have heard that many homes in Sun City Roseville have slowed on showings, so it is still case-by-case how this real estate environment is being received by different communities. Bottom line still is … inventory is lower – which is reflective in our ridiculously low, absorption rate (number mentioned in our updates are represented in terms of months).
Also please note, MAJOR changes are coming soon to our Sacramento Metrolist in regards to the status of “short sale contingent” … this will mean less homes will show up on standard searches (by default which often include SSC – short sale contingent). Let us know if you would like more info, because this is a MAJOR changes for buyers on the hunt for their next home.
Are you curious about your home or what’s going on with sales in your neighborhood?
Please give us a call or email us and we’re happy to give you feedback.
Thinking of listing your home?
We would like to believe we’re one of the best home marketing solutions out there – with our full scale in-house design department and creation of videos and websites. E-interview us here …
Steve Ostrom (team leader / primary listing agent)
Jennifer Klein • Desirée Pointer • Heather Ostrom
www.RosevilleAndRocklin.com – Roseville and Rocklin Real Estate
Coldwell Banker Sun Ridge – Roseville
4011 Woodcreek Oaks #110, Roseville, CA 95747