Sunset West Home Sales Report – March 2013
Real Estate Sales Are HOT!
Just as the rest of Rocklin has increased in home values, so has Sunset West. Between December of 2012 and February 2013, there have been 18 closed sales in the Sunset West subdivision.
Although the average sales price dipped in January, it came back strong as can be in February. From all indications, the “selling season” has begun earlier than normal throughout the region. The nice weather has something to do with that.
What the future holds is anyone’s guess but from what we can see right now, 2013 looks to be a banner year for sellers. Low availability of homes to sell is our only issue. Demand is high, interest rates are still low and sellers are having a field day!
Buyers…not so much! Competition is fierce and buyers are willing to do most anything to get into a home.
Average Sales Price Surges!
Over the last 3 months, the average sales price has increased over 4%. Extrapolate that out and the year percentage increase could be 16% or more. January’s lower average sales price is likely seasonal.
The table below illustrates the average house for each month. There is a trend here as the average home gets smaller and the price is getting higher. Compare the difference between the December and February numbers you can see that buyers are getting less home for more money in only a 3 month span.
| Month | Beds/Baths | Square Feet | Avg Sales Price |
| December | 5 beds/3 baths | 2611 | $325,000 |
| January | 4 beds/3 baths | 2564 | $316,000 |
| February | 4 beds/2.75 baths | 2235 | $339,000 |
Average Days On The Market Declines
Homes are virtually gone before the hit the market..it’s going that fast! The average amount of time a home stays on the market has decreased 80% in just 3 months. The average days on market is just 33 days. Most homes, however, are gone far sooner.
The median days on market over the last 3 months is just 13 days. Median is defined by the same amount of homes above this number as below. If you’re in the market to sell, be ready to move quickly!
Homes Sold In Sunset West, Rocklin
The table below lists the homes that have sold in the last 90 days in Sunset West. They are in loose alphabetical order.
|
Address |
Initial List Price |
Sold Price |
Square Feet |
| 2946 Avon Rd | 279900 | 290425 | 1889 |
| 2944 Avon Rd | 349000 | 355000 | 2235 |
| 2030 Cobble Hills Ct | 319900 | 309900 | 2173 |
| 6462 Cormorant Cir | 350000 | 360000 | 2331 |
| 6702 Denali Ct | 334900 | 329900 | 2591 |
| 6606 Escallonia Way | 379000 | 360000 | 2032 |
| 6221 Jack Frost Ct | 379950 | 385000 | 3196 |
| 6016 Little Rock Rd | 400000 | 400000 | 3503 |
| 6139 Lonetree Blvd | 216000 | 219000 | 1771 |
| 6127 Lonetree Blvd | 199900 | 211100 | 1771 |
| 6313 Mallard Ct | 304000 | 304000 | 2608 |
| 1517 Olympic Cir | 355000 | 350000 | 3072 |
| 5924 Pebble Creek Dr | 349900 | 330000 | 2485 |
| 2206 Solitude Way | 329900 | 332000 | 1968 |
| 2302 Spanish Trl | 399900 | 375000 | 3821 |
| 6311 Surfbird Ln | 275900 | 277500 | 2485 |
| 6329 Surfbird Ln | 301000 | 309000 | 2864 |
| 6551 Turnstone Way | 339000 | 330000 | 2156 |
This should give you a very rough estimate of what your home in Sunset West subdivision should sell for should you be considering selling. That said, it’s a very rough estimate and a consultation is necessary to ascertain the value of your home.
Summary
The market is very hot, buyers are paying over list price in many cases and seller’s are coming out of underwater to equity positions. All is rosy for the Sunset West and Rocklin real estate markets.
Have questions? Please feel free to contact me by phone, text, email or simply fill out the form below and I’ll get back to you promptly.
All information herein comes directly from the MLS where 95% of all homes are sold.
