12-11-22 Real Estate Market in Roseville CA Area
As I have been writing about how our 12-11-22 real estate market in Roseville CA area is doing, we are in the midst of the holiday season – with Happy Hanukkah greetings, Merry Christmas salutations, and cute gingerbread houses all around…
It's also raining this weekend and we're so happy for that since we know we need the rain, even while being a tinge disappointed as it has cancelled or changed a fun holiday happening here or there. But winter is definitely approaching and that, coupled with the fun holiday spirit, almost always slows the real estate market down a bit. Add to that the interest rate changes and things are definitely a bit quiet right now. But that's NOT to say there aren't some lovely homes available for sale right now for serious buyers, as you can see from the samplings of them below. So let's see just how quiet our holiday real estate market is…
Roseville CA Real Estate
- 263 homes for sale in Roseville CA
In the past 7 days, there were:
- 24 price reductions in Roseville CA
- 2 price increases in Roseville CA
- 23 homes closed in Roseville CA
- 28 new-to-market homes for sale in Roseville CA
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Citrus Heights CA Real Estate
93 homes for sale in Citrus Heights
In the past 7 days, there were:
- 5 price reductions in Citrus Heights
- 0 price increases in Citrus Heights
Lincoln CA Real Estate
162 homes for sale in Lincoln CA
In the past 7 days, there were:
- 8 price reductions in Lincoln CA
- 2 price increasesLincoln CA
Rocklin CA Real Estate
74 homes for sale in Rocklin CA
In the past 7 days, there were:
- 5 price reductions in Rocklin CA
- 0 price increases in Rocklin CA
Diving Deeper Into the 55+ Homes for Sale in Placer County
Sun City Lincoln CA Real Estate
54 homes for sale in Sun City Lincoln CA
In the past 7 days, there were:
- 2 price reductions in Sun City Lincoln CA
- 1 price increases in Sun City Lincoln CA
Sun City Roseville CA Real Estate
31 homes for sale in Sun City Roseville CA – prices from $437,500 (1102 sq ft) to $875,000 (2538 sq ft)!
In the past 7 days, there were:
- 3 price reductions in Sun City Roseville CA
- 0 price increases in Sun City Roseville CA
- 0 homes closed in Sun City Roseville CA
- 2 new-to-market homes for sale in Sun City Roseville CA
Silverado Homes at Eskaton Village Roseville CA Real Estate
4 Silverado retirement homes for sale in Roseville CA – prices from $490,000 – $609,000
In the past 7 days, there were:
- 0 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
- 0 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
501 homes for sale in Placer County CA
In the past 7 days:
- 53 price reductions in Placer County CA
- 9 price increases in Placer County CA
Sacramento County
1422 homes for sale in Sacramento County CA
In the past 7 days:
- 161 price reductions in Sacramento County CA
- 17 price increases in Sacramento County CA
Bankrate.com Update
Bottom Line
The market is definitely slower than last summer and the number of homes available reflect that. We have about half as many homes available now as back then. For example, Placer County had 1139 homes for sale in August. Last week Placer had 504 homes for sale. And today I'm seeing 501. When I looked at each category above, it reflected a similar trend. Due to the number of homes available, that still places our area in a “seller's market.” BUT with the prices continuing to fall – it's actually kind of a buyer's market too. And happily, interest rates are still dropping. It's just by a hair, but we'll take that, right? 😊
The average number of days on market for Placer County in November was 43 days on market. October and November tied for the highest number of days on market for the year. I had to go back to February 2020 to find days on market that long!
BUT, prices are still MUCH higher than in past years so sellers still have good equity IF they need to move and IF they price it according to the current market. Many are still trying to go for last year's high prices (that were extremely unusual) and as a result, we continue to see prices dropping – though not enough.
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. I'd love to share more market data with you as well as update you on the various options available to help you determine the best course for YOU. And yes, I'd love to help you with all your real estate needs. 😀
