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Rosemont Market Trends

The Rosemeont Area of Sacramento: Real Estate Market Trends June 2009

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Rosemont is a community of single story, two-story and tri-level houses just South of Highway 50 and East of Watt Avenue in Sacramento. The neighborhood has easy access to Folsom Blvd and the Light Rail Station and is located within close proximity to Downtown Sacramento.

What’s been happening in the Rosemont area of Sacramento in terms of real estate activity? The data below is based upon information provided in Sacramento Metrolist within the following defined boundaries:

rosemont-trends

  • Sales in Past 12 Months:  139
  • Sales in Past 90 Days:  31
  • Current Active Listings:  6
  • Current Active Short Sale Listings:  19
  • Current Pending Listings:  18
  • Low Sale in Past 90 Days:  $90,000
  • High Sale in Past 90 Days:  $230,000
  • Low Sale in Past 12 Months:  $90,000
  • High Sale in Past 12 Months:  $280,000

It looks like the oversupply of listings is being absorbed and that price levels are becoming more attractive to local buyers. That’s a good thing and encouraging to home owneres too. Yet one question to ponder within Rosemont and any local neighborhood is how many foreclosures are coming to the market soon and how that might impact property values. Are banks holding on to some of their inventory within Rosemont right now? That’s a key factor in evaluating the coming future of local real estate. If you have any questions about the Rosemont area of Sacramento or any other local neighborhoods, feel free to give us a call at 916-595-3735 or see www.lundquistcompany.com

Market Trends: Past 90 Days in the Rosemont Area

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What’s been happening in the Rosemont area of Sacramento in terms of real estate activity? The trend graph below is based upon the past 90 days of sales and listings from information provided in Sacramento MLS (the only listings included in the graph are those which were actually listed in the past 90 days – some listings have been on the market for well over 90 days and were not used in the graph).

rosemont-area-of-sacramento-past-90-days

From the trend graph it appears that there are many recent sales and current listings being priced between $175-200K. It appears too that there are a good amount of listings priced below the level of the most recent sales, which is a classic feature of a declining market.

Data for Rosemont Area of Sacramento as of 02/27/09:

  • 7 current Actives
  • 20 current Short Sale Actives
  • 20 current Pendings
  • 27 sales over the past 90 days
  • Median Price of $190,000 over past 90 days
  • Average price per square foot over past 90 days: $126.33

The graph and data is based upon the following boundaries:

rosemont-trends

Please contact Lundquist Appraisal Company if you have further questions about the Rosemont area of Sacramento or other areas we cover within the Greater Sacramento Region. Thank you.