Placer County Condos for Sale and April 2007 Statistics

Placer County Condos for Sale

The number of condos for sale in Placer County remained the same between April 9th and May 6th, 2007. The average asking price increased, but the median asking price decreased. The least expensive condo for sale in Placer County is a 840 square-foot bank repo in Auburn Greens, which is listed for $109,000. The most expensive condo for sale in Placer County is a 1,652 square-foot condo in Southridge in Auburn, which is listed for $568,000. To view these condos, along with all other condos for sale in Placer County, click Placer County condos for sale.

Placer County Condos Pending Sale

The number of condos pending sale in Placer County has increased during the period between April 9th and May 6th, 2007.

Placer County Condos Sold During April 2007

The number of condos sold in Placer County during April 2007 was much lower than than the number sold in March 2007. The average and median sales price increased, along with the average sales price per square-foot. The average days on market fell by 24 days. On average, sellers received a smaller percentage of their asking price, but they had to reduce their price less from their original asking price before they received a workable offer. The number of months inventory raised considerably, due to the drastic fall in sales. The least expensive condo that sold in Placer County during April 2007 was an 840 square foot condo in Roseville Greens, which sold for $168,900 after being listed for $166,900. The most expensive condo that sold in Placer County during April 2007 was a 1,142 square-foot condo in the Phoenician Village in Roseville, which sold for $356,184 after being listed for $356,200.

Compared to April 2006, the number of condos sold in Placer County increased in April 2007. The average and median sales prices were down, along with the average sales price per square-foot. The average days on market was down. On average, sellers accepted a lower percentage of their asking price during April 2007, but they reduced their original asking price less before receiving a workable offer.

Summary

The number of condos for sale in Placer County has remained steady over the past month. The number of pending sales has increased. The number of condos sold in Placer County during April 2007 decreased dramatically. The average and median sales price increased compared to March 2007, but it decreased when compared to April 2006. Average days on market fell. Due to the large decrease in the number of condos sold during April 2007, along with the steady number of condos for sale, the number of months inventory increased dramatically. Unless the sales increase relative to the number of listings, prices will probably soften during the near future.

If you have any questions regarding these statistics or if you are considering buying or selling a condo in Placer County, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.