Sunset West Rocklin Home Sales Report
August 2014 – Includes Cresleigh Springs and Rock Creek
Stats are boring. I know folks like to know what’s going on in the market but I’d rather blog about other things like my son playing fall baseball or well, just about anything other than stats. That said, here we are. 
The Sunset West subdivision in Rocklin has had a pretty good year so far. When the rest of the zip code was lagging in sales, Sunset West was at least keeping pace neither losing much in the way of sales or the average sales price. Such has been the case in the Rocklin home sales this year.
August 2014 was no exception.
Sunset West Average Sales Prices Rises
Last month, the average Rocklin home sales price was down 1.6% year over year. This month? It’s up over 10% year over year. That’s a good turn around considering the direction the Rocklin home sales market has been going over the previous 4 months. July is typically a slow month for real estate and that’s usually painfully obvious in the August numbers but not this year.
As you can see by the graph below, year over year, Sunset West is up almost 7.5%.
Values have gone up almost $30,000 over last year!
Sunset West Home Sales
While the average sales price has gone up almost 7.5% in Sunset West, home sales have not. I wonder how much of a bite the new home sales is taking out of the existing home sales market. It’s seems like it could be making things tougher for the existing home seller as the days it takes to sell a home is significantly longer than last year as well as an increase in competition for buyers.
The days it takes to sell a Rocklin home has gone up 120% since last August. The funny thing about this is when you look at Placer and Sacramento Counties as a whole, the days it takes to sell a home has come down year over year. It’s come down 19% in Placer County and over 15% in Sacramento County yet in Rocklin home sales it’s up 120%.
It’s difficult to estimate just how much new home sales in Rocklin are affecting the existing homes market but one thing is for sure; new construction is here and not going away anytime soon and sellers of existing homes need to take this into account when pricing their home to sell.
Rocklin has seen more new homes being built in the past but right now it seems every vacant piece of land in Rocklin is being built on.
Summary
After 4 consecutive months of a declination in the average sales price, August is a turnaround month..or an anomaly, I’m not sure which. The coming months will tell if this was just a blip jump and we’ll go directly back into a decline in the average sales price or if we’ll see continuing appreciation. Time will tell. For the most part, it’s a good time to buy or sell a home in Rocklin. Although the short term may look a bit unsettled, it’s nowhere near where we were and things look good going forward. Interest rates are low, for now, and it doesn’t look like that will change this year.
For more Rocklin home sales reports, click here.
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