West Rocklin Home Sales Report: Stanford Ranch
Stanford Ranch Real Estate Stable But…
The Stanford Ranch real estate report is a bit mixed this month. I’ve taken the numbers from the last 3 months ending May 31 and compiled the data into graphs depicting the state of this market within West Rocklin real estate.
I’m a little surprised by these numbers as the Sunset West report was a bit more stable with indicators that made a bit more sense. Not so in Stanford Ranch.
If you’ve thought about selling your home in Stanford Ranch and would like to know the value of your home, please click here for a free report on the home values in the 4 major subdivisions of the West Rocklin real estate market. This report is updated monthly. Click here.
Stanford Ranch Average Sales Price Declines
Normally, I wouldn’t be all that concerned with a declination in the average sales price in one month. That said, if you look at the Sunset West subdivision report, click here, you’ll see the same thing happened in that area as well.
Normally, as I said when I created the Sunset West report, I wouldn’t be the least bit concerned with a one month decline but in this case, it’s consistent across to different areas of the zip code.
The Sunset West report was for February through April. I just checked the May number for Sunset West and in May the average sales price was up from April but only slightly. Essentially, Sunset West has had 2 consecutive months of value declines. Stanford Ranch is showing a one month decline.
While not enough info to say there is a trend here it is interesting.
Days To Sell Bouncing Around
The average days to sell has gone up in most areas of the region. In Stanford Ranch real estate, it has averaged about 25 days from the time a home is listed on the market to the time it comes under contract to sell. Roughly 80% of homes are selling in the first 30 days at about 99% of the listed price. The other 20% of homes are selling for roughly 97% of the original list price.
Stanford Ranch Home Sales
Most areas of the region have seen slowing home sales over the last quarter. May was a down month in Stanford Ranch with sales declining 37.5% from April to May, a relatively significant drop considering that we’re currently in the “selling season”.
Stanford Ranch Homes Available For Sale
Currently, Stanford Ranch has 1.78 months of homes available for sale at the current pace of sales. That isn’t a lot of inventory available yet sales have slowed and the average sales price has dropped. This is what I mean by mixed sales results. Normally, you’d see pretty significant average sales price increases when there aren’t many homes for sale yet we’ve seen a significant decrease in the average sales price in May, two months for Sunset West, and slumping unit sales.
Summary
Overall, the Rocklin home sales are tooling along just fine. Results like this significant considering we’re in the midst of the selling season when things are usually hopping. Not this year. I don’t think there is any cause for concern but it makes me wonder about what fall will bring. If we’re seeing declining numbers now, how will things look in the fall/winter? From last July until December, home values decreased a bit then began climbing up again toward the end of the winter months.
I recently did a report for a homeowner in Whitney Oaks and noticed that the active listing prices were below that of the sales prices. That is unusual as normally sales prices are below the active listing prices not above. This is indicative of a declining market.
If you have any questions about this report or would like an estimate of value on your home, please contact me at 916-532-7653 or by email at rob@saxere.com.
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