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Sacramento Real Estate was experiencing yet another problem with the Real Estate Home Sales stats page for October 2007. However, at the 9th hour, I was able to enter the Sacramento home sale information for you.
Overall, in Sacramento County for the month of October 2007 there were:
9,799 homes for sale
1,276 homes in Pending Sale
747 homes sold in October for an average of $335,178 with 1,769 square feet
These numbers are indicators for residential single family homes, only. As you can see by the numbers, there are an incredible number of homes for sale and very few homes sold in October. Sacramento County has 13.1 months worth of residential single family home sale inventory.
Now, you ask is this a good time to buy? Of course it is a good time to buy a house, as long as you can afford the payment. And the only way to know is to speak with a reputable Mortgage Lender. There are some great buys and some fabulous neighborhoods. Sellers are eager to negotiate to sell their houses.
In Sacramento County at the end of October 2007 there were:
832 Condos for sale 114
Condos in Pending Sale 42
Condos Sold for an average price of $232,944 with 1291 square feet
In the meantime, here is a sampling of the Sacramento homes sold for a few of the areas in and around Sacramento. If you would like to know what sold in your area, feel free to email me and I’ll be more than happy to provide those numbers for you.
If you would like to see the real estate market statistics for your area, just click here. You may also pull the menu down and check out the previous months for comparison.
And of course, if you are interested in know what is for sale in and around the Sacramento area please feel free to click on Sacramento Home For Sale.
| City/Community | How Many | Average Price | Pending | Average PendingPrice | Sold | Average Sold Price | Days On the Market | |
| Carmichael | 253 | $488,958 | 33 | $381,932 | 25 | $404,756 | 67 | |
| Citrus Heights 95621 | 171 | $336,737 | 28 | $317,127 | 13 | $301,908 | 67 | |
| Citrus Heights 95610 | 226 | $289,878 | 33 | $242,482 | 25 | $269,406 | 65 | |
| Elk Grove 95624 | 516 | $474,319 | 73 | $434,816 | 41 | $386,724 | 69 | |
| Elk Grove 95758 | 374 | $427,144 | 61 | $379,928 | 30 | $380,783 | 60 | |
| Elk Grove 95757 | 540 | $369,226 | 89 | $337,433 | 51 | $335,359 | 72 | |
| Fair Oaks | 221 | $609,122 | 37 | $443,088 | 24 | $432,528 | 56 | |
| Folsom | 362 | $570,690 | 70 | $519,848 | 42 | $450,355 | 60 | |
| Orangevale | 184 | $449,649 | 31 | $362,212 | 13 | $371,269 | 46 | |
| Rancho Cordova/Gold River | 261 | $343,466 | 50 | $315,443 | 33 | $337,671 | 73 | |
| Rancho Cordova | 135 | $441,729 | 18 | $405,963 | 6 | $281,788 | 73 | |
| Rancho Murieta | 79 | $592,487 | 14 | $541,161 | 0 | 0 | 0 | |
| Sacramento Midtown 95811 | 3 | $425,546 | 1 | $385,900 | 0 | 0 | 0 | |
| Sacramento DowntownMidtown 95814 | 14 | $560,150 | 8 | $427,438 | 1 | $470,000 | 384 | |
| Sacramento Downtown Midtown 95816 | 43 | $563,299 | 9 | $384,078 | 9 | $418,821 | 32 | |
| East Sacramento | 145 | $215,405 | 20 | $188,020 | 9 | $223,757 | 68 | |
| Sacramento Land Park/Curtis Park | 75 | $524,219 | 22 | $488,543 | 7 | $473,000 | 55 | |
| South Land Park/Greenhaven | 275 | $266,283 | 23 | $247,630 | 18 | $302,772 | 80 | |
| Wilton | 78 | $842,497 | 2 | $1,034,984 | 5 | $698,600 | 67 | |
Tip: This month, the County Assessors office will be lowering County taxes for those whose home value has decreased. It is important to contact the tax assessor to obtain this reduction in your taxes. It will not be done automatically. If you need verification of the reduction in price for your area, dont hesitate to contact me.
Prior Sacramento Real Estate Statistics:
Sacramento Real Estate Home Sales for July 2007
Home Sales in Sacramento County for June 2007
Sacramento Home Sales Report for May 2007
Sacramento Real Estate Home Sales for April 2007
March 2007 Sacramento Home Sales Report
February 2007 Sacramento Real Estate Market
January 2007 Home Sale Report For Sacramento Real Estate
What Sold in Sacramento County in December
November Real Estate Market Stats For Sacramento County By City
Sacramento County Market Statistics For October 2006 By City
Sacramento County Statistics By City 10“19“06
