Looking a bit closer at the recent SacBee story, “Home sales seek bottom” we see that Placer County real estate may be looking harder for the bottom than some of the other local areas that make up the greater Sacramento real estate market. The median sales price for existing homes sold in May dropped $10,750 from April to $437,750. This is off 9.6 percent from a year ago. This is the largest one year price decline in the four major counties, Placer, Sacramento, El Dorado and Yolo. The good news in Placer County is sales volume. Including condos there were 512 closed escrows in May. This is up sharply from 378 in April and is on par with May 2006 when there was 516 closed escrows.
Hopefully we will continue to see buyers out looking, especially in Rocklin where I have a new listing. Check out this great 4 bedroom, 3 bath home off of 3rd Street on Willard Way. It is a great home, with loads of extras and ready for a new family. With almost 1,900 square feet of living area you won’t find anything this nice priced below $200 per square foot.
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