1-15-23 Real Estate Market in Roseville CA Area

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1-15-23 Real Estate Market in Roseville CA Area Update

Real estate news in 2023 via Kaye Swain Roseville REALTOR
Roseville Area real estate news in 2023 via Kaye Swain Roseville REALTOR

Hi and welcome to my 1-15-23 real estate market in Roseville CA area update. I have some intriguing real estate news stories for our Roseville CA area to start off with – primarily on the West-ish side of town.

Possible New Rental Community

A few years ago, a new community of homes was built at Foothills and Main/Baseline. We were surprised when it turned out to be homes specifically for rental only. And they went fast! That community is still there, seems to be doing great, and is always well maintained from what I can see (It's gated with walls for privacy.) Usually when a community of rentals is built, it's apartments or condos. This was the first time I can recall that it was a neighborhood of homes – lovely idea if priced well, I think.  And since then, one or two more of those communities have popped up – though the one I'm thinking of is a bit on the expensive side.

This week, I read in the Sacramento Business Journal that another rental community is coming our way. Homes by Towne bought West Roseville land for a build-to-rent project with 209 units that may also include a retail space – though probably not til the homes are all built and mostly (totally?) filled. Frustrating for new home buyers, I know, but pretty much standard as business owners want to be sure there will be enough customers to keep their businesses going.  It will be located northwest of where Baseline Road meets Santucci Boulevard in Roseville's Sierra Vista neighborhood. The Google map below shows a rough idea of where it will be. At the bottom of the page I circled Santucci Blvd and Baseline which is approximately where the community will be built. The circle in the top right shows Kitchen 747, Mahan Park, and that road (the bright white line between the two) is Pleasant Grove just past Fiddyment, to help put it all in perspective.
This community, called Estia Roseville, is planned to have “one- and two-bedroom building bungalow rental units, with 10-foot ceilings, and designed in a courtyard setting.” per Division President Jeff Pemstei who also commented in an email that they “could start leasing as soon as next year.” This a 23 acre lot but only 17 acres are planned for homes. The rest is set aside for retail. However – as with many other projects around Roseville, and indeed, most areas, the retail won't start until enough people have moved in to provide the support it needs.  Definitely sounds interesting. And with houses square footage anticipated to be 709-1083 square feet single story units, hopefully they will be priced well for renters.
And there is apparently another community by the same builders planned for Rocklin, which will be called Estia Rocklin. Very interesting, indeed!

More Houses May Be Coming to Placer County Southwest of Roseville

There is talk of one of the largest gated communities in the Sacramento region possibly advancing in the Creekview Ranch area, which is located in Placer County, southwest of Roseville city limits. If it goes through as planned, it “would have 597 single-family homes in a range of sizes, accessed by three gated entrances.”  This will comprise a total of about 186 acres and per the Sacramento Business Journal, “Homes would take up 99.5 acres of the total development footprint, with the rest apparently open space or parks. That includes the northernmost part of the northern parcel, including Dry Creek and its floodplain.” This will certainly be interesting to keep our eye on!

KUDOS To Roseville and Citrus Heights

ABC10 in Sacramento writes that California state officials announced Citrus Heights and Roseville were two of several cities that joined “the list of cities with the most aggressive housing growth agendas.” This means extra funding that can go for housing development. “State officials described cities — including Citrus Heights, Roseville… — as “aggressively” eliminating obstacles to the growth of housing across California.” 

According to their report, “Citrus Heights was recognized by state officials for plans to redevelop the 100-acre Sunrise Mall with capacity for more than 1,000 new housing units — but no finishing date has been announced.State officials also said Roseville was recognized for its zero interest loans of up to $100,000 to low-income households for repairs.”

Moving Along to the 1-15-23 Real Estate Market in Roseville CA Area Update

The statistics, so far, seem to be pretty much staying about the same. One week, one city goes up in number of prices that have decreased while another goes down. The following week, they flip flop. Placer and Sacramento Counties show the same types of flip flops.

1-15-23 Real Estate Market in Roseville CA Area Statistics

Roseville CA Real Estate

  •  259 homes for sale in Roseville CA

In the past 7 days, there were:

  • 23 price reductions in Roseville CA
  • 7 price increases in Roseville CA
  • 16 homes closed in Roseville CA
  •  29 new-to-market homes for sale in Roseville CA

Citrus Heights CA Real Estate

65 homes for sale in Citrus Heights

In the past 7 days, there were:
  • 9 price reductions in Citrus Heights
  • 1 price increases in Citrus Heights

Lincoln CA Real Estate

132 homes for sale in Lincoln CA

In the past 7 days, there were:
  • 14 price reductions in Lincoln CA
  • 4 price increasesLincoln CA

Rocklin CA Real Estate

49 homes for sale in Rocklin CA

In the past 7 days, there were:
  • 10 price reductions in Rocklin CA
  • 1 price increases in Rocklin CA

Diving Deeper Into the 55+ Homes for Sale in Placer County

Sun City Lincoln CA Real Estate 

47 homes for sale in Sun City Lincoln CA

In the past 7 days, there were:
  • 6 price reductions in Sun City Lincoln CA
  • 0 price increases in Sun City Lincoln CA

Sun City Roseville CA Real Estate 

27 homes for sale in Sun City Roseville CA

In the past 7 days, there were:
  • 3 price reductions in Sun City Roseville CA
  • 0 price increases in Sun City Roseville CA
  • 1 homes closed in Sun City Roseville CA
  • 5 new-to-market homes for sale in Sun City Roseville CA

Silverado Homes at Eskaton Village Roseville CA Real Estate 

9 Silverado retirement homes for sale in Roseville CA – prices from $ – $ 

In the past 7 days, there were:

  • 3 price reductions in Silverado Homes at Eskaton Village Roseville 
  • 0 price increases in Silverado Homes at Eskaton Village Roseville 
  • 0 homes closed in Silverado Homes at Eskaton Village Roseville 
  • 3 new-to-market homes for sale in Silverado Homes at Eskaton Village Roseville 

Looking at the Broader Area of Placer and Sacramento Counties

Placer County

412 homes for sale in Placer County CA

In the past 7 days:
  • 66 price reductions in Placer County CA
  • 12 price increases in Placer County CA

Sacramento County

1135 homes for sale in Sacramento County CA

In the past 7 days:
  • 113 price reductions in Sacramento County CA
  • 15 price increases in Sacramento County CA

Bankrate.com Update

January 15 2023 bankrate new pix

Bottom Line

Our interest rates are down from November. However, “‘The [Fed’s] interest rate mantra for 2023 is shaping up as ‘higher for longer,’ says Greg McBride, CFA, Bankrate chief financial analyst. “Unfortunately, we’re likely to feel the pain of a slower economy before we see the gain of lower inflation.'” And I have to agree, considering that the next Fed meeting is scheduled for January 31 to February 1, 2023 and barring a major change, they are expected to raise the rates yet again.

If you are ready to buy OR to sell, give me a call at 916-768-0127 or email me at kayeswainre@gmail.com and let's chat. Let's run the numbers and see what the best option is for YOUR needs! One important thing to remember is that we are approaching the busy season. And even with all the changes, we do still expect it to be busier than now. So best to be prepared! 😊

Call Kaye 916-768-0127
Kaye Swain Roseville CA REALTOR, including our great 55+ communities like Sun City Roseville as well as brand new home construction throughout Roseville, Rocklin, Lincoln, Citrus Heights…

 

 

 

 

 

 

 

P.S.  Want to compare these numbers to past weeks? Just click here for my full list of weekly posts with these stats  – KayeSwain.com/tag/weekly-market-stats/

P.P.S. ALSO, click here and sign up to get my free weekly emails sharing Roseville and Sacramento area updates, fun events, holiday happenings, real estate market info, and new blog post notifications. 😊 KayeSwain.com/free-weekly-area-updates

All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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