Median Home Price Falls In 95765
Itâ€™s been a tough year for real estate values in some areas of the
Sacramento region, again.Â Efforts by the government to stop the slide
of foreclosures and the seemingly constant bleeding of home values has
only served to slow the inevitable. (boy I sound bleak this morning!)
Are we at the bottom of this downturn?Â Many economists, including
those at CSUS, donâ€™t think so.Â I tend to agree based on more variables
than there is time to cite and have been covered aptly here and
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.Â 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.Â I donâ€™t see that trend continuing but what happens is up for
debate and to be perfectly honest, itâ€™s all speculation.
If this downturn has taught us anything itâ€™s that the experts only
have a vague idea of what the future holds and as one of my clients
says, â€œonly people new to the industry and fools try to predict the
futureâ€.Â I agree with this completely.
Average Sales Prices Trend Down
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