Increasing Home Sales: Placer and Sacramento Update
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 email@example.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
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesHoliday in the Hills on the Placer Wine Trail in DecemberRoseville, CA, - Come join us and help celebrate the holidays on the Placer Wine Trail to benefit Toys for Tots. Enjoy the holidays in Placer County
How the Grinch Stole Christmas Comes to Life at This EventSacramento, Calif. - Dr. Seuss' beloved holiday tale "How the Grinch Stole Christmas" will come to life at Fairytale Town's annual Winter Wonderland event.
California Bowl in Roseville November 24- 26Roseville, CA - Nov. 16, 2017 -One of the most competitive and exciting youth football tournaments on the west coast returns to Roseville over Thanksgiving weekend.
Kids with Disabilities to Get Help with Telemedicine Program (Sacramento, Calif.) - The UC Davis Department of Pediatrics has received a $2 million, five-year grant from the Agency for Healthcare Research and Quality (AHRQ) to fund a new telemedicine program
Gun Scare in Roseville at Woodcreek HighRoseville, CA, - Roseville Police find loaded handgun following alert from Woodcreek High Students.
Ford can 'Focus' on its futureRoseville, CA,- Not many people are probably aware, but the Ford Focus has been among the top-selling cars in the world, and even held the top spot in 2013.
$1.5 Million in Grants for Sacramento-area NonprofitsRoseville, CA,- Kaiser Permanente has awarded 52 grants totaling more than $1.5 million to local not-for-profit organizations, schools and public entities in Sacramento, Yolo and Placer counties.
Roseville Gas Prices Up 20 Percent Year from Last YearRoseville, CA,- Gas prices in Roseville ticked up slightly this past week. Following on the heels on California's $5 billion a year gas tax hike
Holiday Safety Tips by Roseville Police Dept.Roseville, CA,- The holiday season is a busy and festive time. While you're busy preparing, criminals are stepping up their efforts to increase their holiday haul.
Fishing Club Monthly Breakfast in AuburnThe Rooster Tails Fishing Club monthly breakfast will be held at the Auburn Elks Lodge at 195 Pine Street in Auburn on November 17
Placer County Regional Bikeway Plan UpdateAs Placer County experiences dramatic growth in population, new homes and businesses, the popularity of cycling grows at the same time
Orange is New Pink 5K Walk for Breast CancerOrange is the New Pink 5K Walk for Breast Cancer will take place Sunday, Dec. 3 at Mandarin Hill Orchards in Penryn
NEWS: In Case You Missed It