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Increasing Home Sales: Placer and Sacramento Update




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Roseville, CA - California home sales were up in September for the first time in seven months as a shortage of homes for sale continues to hold back the market.
  
According to the California Association of Realtors (CAR), closed sales of existing, single family homes totaled a seasonally adjusted annualized rate of 425,680 units in September.  The statewide sales figure represents what would be the total number of homes sold during 2016 if sales maintained the September pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

The September figure was up 1.3 percent from the 420,360 level in August and up 0.8 percent compared with home sales in September 2015 of a 422,360. Home sales remained above the 400,000 pace for the sixth straight month, and the year-over-year increase was the first since January. Sales in Sacramento and Placer County were both up on a year-over-year basis.  Sacramento County sales increased 2.9 percent while Placer County sales were up 1.1 percent.

The statewide median price remained above the $500,000 mark for the sixth straight month.  The median price of an existing, single-family detached California home was down 2.3 percent in September to $514,320 from $526,580 in August. September's median price increased 6.1 percent from $484,670 recorded in September 2015. 

  • Placer County's median price was $430,240 up from the August figure of $430,000 and 10.3 percent above the September 2015 median price of $390,000.
  • In Sacramento County the September median price was $317,500 which is a decline from August but a 9.2 percent increase from September 2015.

Demand remains strong for lower-priced homes while we are seeing a slow down for homes in the higher end of the market.  Statewide active listings continue to decline, falling 3.1 percent from August and 4.9 percent from a year ago. The year-over-year listings decline is the highest since January 2016.  With the number of listing declining and demand still strong affordability will become a challenge for potential buyers as we end the year and start 2017.

If you have any questions or comments please feel free to contact me at the MagnumOne Realty office in Roseville (916-899-6571) or send an email to me at juliej@jalone.com.



About Realtor Julie Jalone


Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.

Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento


Placer County News Headlines

Buying a Home is Still Better Than RentingRoseville, CA-- Home prices continue to rise faster than incomes and new employment, but it is still more cost efficient to own a home than to rent.

Parking Fees being levied at Hidden FallsAUBURN, Calif. -- Placer County's Hidden Falls Regional Park in North Auburn is a gem of a park. Unfortunately, parking can be hard to find, especially during weekends

$22.5 Million Approved for Placer County BuildingsAUBURN, Calif. -- Placer County Board of Supervisors approve an investment plan that will allocate a minimum of $4.5 million annually over the next five years

Placer SPCA Sees Success in Waiving Adoption FeesRoseville, Calif. - Adoption fees are waived for all animals, without exception, at the Placer SPCA during the month of August for its "full hearts, empty kennels" campaign

Classic Car Show in Grass Valley August 25(Grass Valley, CA) Cascades of Grass Valley, a senior living community located at 415 Sierra College Drive in Grass Valley, will be hosting a classic car show on Friday, August 25

Warriors Set to Start 2017 Volleyball CampaignROCKLIN, Calif. - The William Jessup women's volleyball team will start the season this week hosting the Warrior Invitational

Podcasts for Fundraising Professionals and DonorsWith that goal in mind, Eric Hogue and David Pineschi of William Jessup University are regularly producing light-hearted podcasts each month

Mono County Events for Scenic Adventure SeekersMONO COUNTY, Calif. - After record-setting snowfall that refilled lakes and rivers, leaving glistening snow on high peaks and meadows below

Lowest Reported Gas Prices in RosevilleRoseville, CA- Gas prices in Roseville and Rocklin are holding relatively steady as residents shift from summer vacations back to school and work

WJU Volleyball signs Isabella MauricioROCKLIN, Calif. - The women's volleyball head coach, Shasta Millhollin announced the signing of Isabella Mauricio from Foster City, Calif. to the 2017-18 roster.

Foam Fest Craft Beer and Live Music Festival[Olympic Valley, Calif.] - Achieve Tahoe (formerly Disabled Sports USA Far West) will host its 28th annual "Foam Fest" fundraising event

The Great Banquet in Roseville October 7thROSEVILLE, Calif., - Joni and Friends Sacramento will hold its fourth bi-annual event titled "The Great Banquet" at Bayside Church in Roseville on October 7, 2017


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