Home > Blogs > Rob Saxe's Blog
10,004 views

Rob Saxe's Blog

By Rob Saxe | Agent in Rocklin, CA
  • 2009 Rocklin Home Sales Report

    Posted Under: Market Conditions in Rocklin  |  January 17, 2010 10:24 AM  |  2,131 views  |  No comments

    Median Home Price Falls In 95765

    It’s been a tough year for real estate values in some areas of the Sacramento region, again.  Efforts by the government to stop the slide of foreclosures and the seemingly constant bleeding of home values has only served to slow the 2009_average_median_home_price_by_quarter_inevitable. (boy I sound bleak this morning!)

    Are we at the bottom of this downturn?  Many economists, including those at CSUS, don’t think so.  I tend to agree based on more variables than there is time to cite and have been covered aptly here and elsewhere.

    In Rocklin, unlike the below $250K price range in Sacramento where sales price averages have gone up, values are still going down.

    This year, the median home price bottomed out at $299,500 for a 4 bedroom, 3 bath, 2350 square foot home in the third quarter.  Incidentally, per quarter, the characteristics of the median home fit this description.

    In the last quarter of 2009, the median home price rose to $314,000.  I don’t see that trend continuing but what happens is up for debate and to be perfectly honest, it’s all speculation.

    If this downturn has taught us anything it’s that the experts only have a vague idea of what the future holds and as one of my clients says, “only people new to the industry and fools try to predict the future”.  I agree with this completely.

    Average Sales Prices Trend Down

    Read the rest of this entry »

  • Underwater Mortgages: Should you walk away?

    Posted Under: Market Conditions in Rocklin  |  January 14, 2010 7:16 PM  |  2,116 views  |  4 comments

    Over 1/3 Of California Mortgages “Underwater”

    homes-under-water I was surfing some of my favorite blogs today and ran into an article by Lori Turoff from HobokenRealEstateNews.com.

    Lori does an excellent job on her site and I’ve gotten many great ideas from her and used them here.  Go by and visit sometime.

    The article, from the NY Times Online,  click here,  is about how it used to be a moral question as to whether or not a homeowner, hopelessly “underwater” on their mortgage, should walk away from their home or continue to pay on an asset with little or no hope of recovering equity in the near term.  (The term “underwater” means that the borrower owes more on the home than the home is worth.)

    The Scenario

    Read the rest of this entry »

  • Stanford Ranch, Rocklin Home Sales Report

    Posted Under: Market Conditions in Rocklin  |  October 25, 2009 9:20 PM  |  457 views  |  No comments

    All Sales from 10/1 to 10/15

    stanford-ranch-homes-for-sale In comparison to other months over the same time period, October has been a solid month of home sales in the Stanford Ranch community in Rocklin.

    Our community has been hard hit with value declines, it’s good to see sales continuing.

    13 homes have sold/closed with a median sales price of $285,000 from 10/1 to 10/15.

    The average home sold in this time frame is 2318 square feet, priced at $148.11 square feet, 3 bedroom with 2.5 baths.  The average selling price on this home is $337,942 and sold in 55 days.

    Searching for home in Rocklin, 95765?  Click here to search all homes available!

    Homes for Sale in Stanford Ranch, Rocklin

    Read the rest of this entry »

  • Home Sales Report - Rocklin - August 2009

    Posted Under: Market Conditions in Rocklin  |  September 11, 2009 7:28 AM  |  326 views  |  No comments

    Sales Remain Steady

    homes_sold_rocklin_-_95765_-_august_2009 So far in 2009, sales of home in the Rocklin zip code of 95765 have remained relatively consistent.

    On average in 2009, 36 homes sell monthly.  While that’s below the monthly sales pace of 2008 (39 homes per month) it’s still very consistent.

    So far this year, the average home sold in 95765 has 4 bedrooms, 2.5 baths, 2482 square feet and sells for an average price of $349,911. So far this year, 287 homes have sold in 95765.

    In the same period last year for the same home, the average sales price was $408,339, a decline in the average sales price of roughly 16%, and 313 homes sold.

    Looking for a home in 95765?  For all homes for sale, click here.

    For homes in this zip code in a specific price range, click here then scroll down to the bottom of the page.

    Average Sales Prices – 95765


    Read the rest of this entry »
  • Home Sales Report - Rocklin - 95677 August 2009

    Posted Under: Market Conditions in Rocklin  |  September 10, 2009 3:58 PM  |  309 views  |  No comments

    95677 – Steady Sales Continue

    rocklin_home_sales_-_95677_-_august_2009 The story this year for the Rocklin zip 95677 has been consistency.  Month to month, homes sales have varied slightly from a low of 14 in February to a high of 26 in June.

    The average number of homes sold per month is just about 19.  Not burning up any records but consistency speaks for itself.

    The average home sold in August for 95677 is a 4 bedrooms, 2.5 baths, 1961 square feet and sold for an average price of $269,686 in roughly 110 days.

    The value of every home in each neighborhood will vary from the average mentioned above.

    To get the value of your home based on the sales in your neighborhood, click here.

    Homes for Sale in 95677

  • Home Sales Report - Stanford Ranch, Rocklin - 6/29 to 7/10

    Posted Under: Home Selling in Rocklin  |  July 17, 2009 2:33 PM  |  365 views  |  No comments

    Typical Summer Slowdown

    stanford-ranch-homes-for-sale Home sales in Stanford Ranch, Rocklin have slowed down to a snails pace over the last 2 weeks.  Only 8 homes have closed escrow since the 29th of June.  That’s not many but is reflective of a time when most folks are vacationing.

    August could pick up depending on the weather but it’s not typically a barn burning sales month.

    Homes for Sale in Stanford Ranch

    There is still an adequate number of homes available for sale, 77 homes as of this writing.  The selection is very nice but still seems a bit overpriced considering the pace of sales and the sales statistics.  I think there are still good opportunities to get a better than average deal in Stanford Ranch.

    Here are the averages of the homes for sale in Stanford Ranch:

    Beds & Baths: 4 / 3

    Square Feet: 2704

    Current List Price: $501,663 (36% higher than the average sales price)

    Days on the Market: 128  (this is too long in a market where multiple offers are common)

    Read the rest of this entry »

  • Homes Sale Report - Stanford Ranch - 6/22 to 6/26

    Posted Under: Home Selling in Rocklin  |  June 30, 2009 6:34 PM  |  322 views  |  No comments

    Nice Week of Home Sales in Stanford Ranch

    stanford-ranch-homes-for-sale 5 homes closed last week in Stanford Ranch, Rocklin.  This is a nice week for a market where homes aren’t moving very quickly.  Part of it is that the market is over priced and the other part is that mortgages aren’t easy to get in this price range.  That said, there are buyers closing homes in this area as we’ve seen.

    Currently, there are 76 homes actively for sale and 22 homes in sale pending. Of the 76 homes on the market in this area, 58 are regular real estate or bank owned homes and 18 are short sales.

    Homes For Sale in Stanford Ranch

    Read the rest of this entry »

« Read older posts
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer