Sacramento Real Estate Home Sales Report for October 2007

Home Sales in Sacramento for October 2007

November 8th, 2007 categories: Sacramento, Sacramento County, Sacramento RE Stats

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

Sacramento Real Estate Statistics For Five Years

This entry was posted on Thursday, November 8th, 2007 at 6:20 am and is filed under Sacramento, Sacramento County, Sacramento RE Stats. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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