What’s The Rocklin Real Estate Market Like?
Homes For Sale At Highest Point Since 2011
To say that the Rocklin real estate market has had a bad year wouldn’t be entirely accurate in my opinion. Based on what happened from the fallout of the 2006/2007 housing collapse then the subsequent economic collapse in 2008, 2014 was actually a good year by comparison.
Interest rates have been low all year and that’s looking to continue into 2015 but how long it goes on below 4.5% is a question for the crystal ball.
By all indications, 2015 is shaping up to be a better year than 2014. What that means exactly remains to be seen. It’s been predicted by many sources that the generation millenial, first time home buyers will be in the housing market with a vengeance. We’ll see.
In the meantime, what’s going on in the West Rocklin real estate market? Here is a summary.
Over 4 Months Of Homes Available
One of the stories for the year has been a lack of available homes for sale. While it’s generally the case that in the slower fall/winter months that inventory tends to rise for slower sales activity, that hasn’t been the case over the last few years. Enter December, 2014.
The total amount of homes for sale at the current pace of sales is 4.3 months, up over 58% in the last 30 days and 64% over the last 12 months. This is the largest rise in the inventory of homes for sale in Rocklin that we’ve seen month over month in years. (also the slowest sales month)
It could be with the reset of interest rates coming due on the 10/1 ARM’s (adjustable rate mortgages) in 2015 that folks are putting their homes on the market in anticipation of not being able to afford the payment. The reason why it’s gone up so much is anyone’s guess.
Rocklin Home Sales
Home sales in Rocklin have been very “seasonal” this year. What this means is that when it’s the buying season, homes sales were higher. When it was the “off season”, sales were slower. In November, for example, we had the lowest units sold of the year at 24 homes.
Additionally, the homes that came on the market in November was also lower than over the last 4 months which has also affected months of homes available for sale. We may very well see a drop in the available homes for sale depending on how many homes close in December.
Rocklin Average Sales Price Steady
The average sales price in West Rocklin has been reasonably steady this year so far. It’s gone up but only about 8%, year over year. Being used to double digit gains, this has been the story all year long. Chugging along but not steaming along.
The GSE’s, Fannie & Freddie, have just recently the down payment requirement from 3.5% to 3% for an FHA mortgage and hopefully this will spur activity throughout the region. While borrowers must have very good credit to get a break on the down payment, many will qualify.
It’s Taking Longer To Sell A Home In Rocklin
This has been the story since August, 2013. The time it takes to get a home sold, on average, has been going up steadily. For November, it was the second highest days it took to sell at 47. The high, so far, was in March at 48 days and the lowest days it took to sell was 28 days in July. It’s bounced around a bit all year but not close to the low of the last two years in August of 2013 at 20 days average to sell a home in West Rocklin.
West Rocklin Real Estate Market Summary
If you’re buying a home in West Rocklin, 95765, right now, there are plenty of homes to chose from. There may be a bit of room for negotiation on the price but that depends on where it’s priced to start with. If you’re a seller of a Rocklin home or considering a sale, in order to attract multiple offers and get the highest price, your marketing has got to be good.
Marketing includes many, many variables which if overlooked can create a situation where your home sits on the market longer than it should to maximize your return on the sale. If you’ve got questions on how to market your home for sale, please contact me, I’m happy to help. 
It hasn’t been a bad year for Rocklin real estate. We’ve been treading some water which is a good thing I think. No highs or lows, just cruising along.
Have questions about buying or selling a home in Rocklin, Roseville or Lincoln? Please call or text me. I know some stuff.
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I can sell your home in 30 days or less for top dollar. Please call or text me directly at 916-532-7653 or click here, for my contact page and let’s talk about how I can help you.
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