Thursday, September 1, 2016

Placer County Average Price per SQFT and For Sale vs. Sold - Stats thru July 2016

Below are two graphs that illustrate what our market has been doing.  August will be similar, maybe even a spike in solds as I know there where people scrambling out there to close escrow and get their kids into school.
Values might be peaking again!  This time of year the market tends to change as we head into fall/winter.   If the feds push up rates like they probably should then that will directly effect the monthly payments of borrowers.  We're in the mist of a crazy election year.  Uncertainty is in the air.  The stock market fells like a fugazi, not putting my money there.  At least real estate is tangible and people always need a place to live.  We're still in a good market when rents will cover a mortgage payment.
Our inventory has increased.  This should help to stabilize the market.  A health market has around 3 months of inventory and we've been well below that.
I have 3 listing coming on the market next week.  1 in Roseville, priced at $379,900, 2200 sqft.  That's $172 a sqft.  1253 Cresendo Dr.
Another listing in Antelope 4229 Cougar Hills Dr.  1900 sqft priced at $339,000.  Just been updated, floors, baths, kitchen...
Lastly a nice house in Folsom, broadstone area.  450K.

If you have any real estate questions or looking to buy or sell, feel free to give me a call.

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Chad M Phillips Broker Assoc. (Lic: 01405825)
RE/MAX Gold (Lic: 00983982)
2998 Douglas Blvd., #125
Roseville, CA 95661
Primary: 916-390-1476 Secondary: 916-218-7500