Rocklin Home Sales Report: Stanford Ranch

March 6th, 2014 by Rob Saxe

Days To Sell Sees Dramatic Increase

The time it takes to sell any home in region has increased over the last 3 to 6 month but in Stanford Ranch, it has really gone up…136% in the last 90 days.    My first thought was that it had to do with the price of the homes but when comparing the average sales price in Stanford Ranch to the other major subdivisions in West Rocklin, Whitney Oaks and Whitney Ranch were substantially higher so it wasn’t that.

In fact, Stanford Ranch has the lowest average sales price in West Rocklin subdivisions over the last 90 days yet the time to sell, when compared to the Sunset West subdivision, has increased dramatically.

The table below shows the average sales prices in the four major subdivisions in Rocklin over the last 90 days:

If you’re familiar with West Rocklin, you’d assume that the time to sell a home would be higher in Whitney Oaks and Whitney Ranch as the average sales price is higher.

In comparison to Sunset West (Click here for that report), Stanford Ranch average days to sell, over the last 90 days, are almost double in February yet with only a $10,000 difference in average sales price.  The graph below illustrates this.The big difference is the month over month change in the last 90 days as the graph below illustrates.  Again, that’s a 136% increase over the last 3 months.  That is eye opening.

This information is important to know especially if you own a home in Stanford Ranch and are thinking about selling.  These are real market numbers and set the proper expectation in preparation to sell your Rocklin home.  Please keep in mind that a home, when properly priced, should sell in under 2 weeks.

Any other approach to home selling generally produces a result that is unfavorable to a seller’s net proceeds from the sale.

The Average Sales Price Decreases

While prices are increasing in Rocklin home sales, the month of January was not normal.  Some higher end homes closed, there weren’t that many sales and this drove the average sales price up artificially.  In February, the average sales price settled back down to what I consider a more normal level.   Rocklin home sales, like most areas of the region, have slowed.  First time home buyers are shutout due to affordability and investors are gone for essentially the same reason both contributing factors to the slowdown.

The silver lining on this is that values are continuing to increase.  That said, it doesn’t look like this is sustainable over the short term.  I would expect that we’ll go up, settle back down, then go up again all the while with advancing averages that mirror demand.

Thanks for visiting!

Buying or selling a home in Rocklin?  If so, I’d like to help you.  Please call or text me directly at 916-532-7653 or click here, for my contact page.

Rocklin Real Estate Views is the most comprehensive online source for Rocklin real estate information. Whether you are looking for the latest sales, trends or homes for sale in Rocklin, Rocklin Real Estate Views has it all at your fingertips.

Subscribe to Rocklin Real Estate Views by Email

Related Posts

• 

  Sunset West Real Estate Report

• Rocklin Home Sales Report: Sunset West

• Rocklin Home Sales: A Buyers Market Is Coming

• New FHA Guidelines To Help Boomerang Buyers