Rocklin Real Estate Sales: 95765 2013 Sales Report
Positive Year for Rocklin Real Estate Sales
One question I’ve been getting more and more since it’s been clear the real estate market region wide has been improving is “what’s going on in real estate?” Most folks just don’t have any idea what’s going on save what they hear and read in the media. (a lot of agents are the same way LOL)
Currently, Rocklin real estate sales are down 22% over the same time period as last January. What the year will hold is anyone’s guess but it wouldn’t surprise me to see the Rocklin market averages sales price slip just a little over the course of the year.
When I say “slip” I certainly don’t mean to say that we won’t appreciate but that we just won’t gain that much.
I’ve been wrong before and I hope I am again!
Rocklin Average Sales Price
The average sales price in Rocklin, 95765, went up dramatically in the first half of the year. In April, my colleagues and I began to sense the market was beginning to slow down and, by August, that was indeed the case.
From January 2013 to June 2013 the average sales price increased 10.3% which is pre housing downturn level appreciation. Roseville was just the same..skyrocketing values through the first half of the year.
However, from July 2013 to December 2013, the Rocklin real estate market declined 10.6% from a high average sales price for the year, in July, of $442,000 to a December average sales price of $395,000.
The average sales price in January 2013 was $370,000. The average sales price in December was $395,000 which is a 6.8% increase over the course of the year but the drop from July to December was eye opening to say the least.
Rocklin Real Estate Inventory Levels
One of the big indicators of what type of market we’re in is the amount of homes for sale over the course of the year. From January 2013 to July 2013, the amount of homes for sale bounced around about a month of homes for sale. Starting in August through the end of the year that increased to 2.6 months of homes available for sale.
While on paper that looks like a jump of 188%, it really isn’t that dramatic a turn around. That said, the increase corresponds to lower sales volume.
The source of the increase was in equity sales. The foreclosure starts have declined so much in the last year that they are now at pre downturn levels. This isn’t adding much to the inventory levels. The big change in the market has been the departure of the investors with the increase in sales prices making what was once an attractive investment not as attractive.
When the number of homes for sale is around 6 months, the market is said to be balanced. That said, 2.6 months of inventory for sale is a seller’s market do to “low inventory levels”. It is a seller’s market but, unlike last year, homes aren’t flying off the shelves just yet nor do I expect a repeat of the first half of last year.
It’s still early in the year so we’ll see how things shape up. Considering the preceding 7 years were declining to flat, it’s nice to see a positive sign, overall, for the year.
2013 was a good year in Rocklin real estate sales..no question. Let’s hope for at least a repeat of last year this year.
Thanks for visiting!
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