Orangevale Homes for Sale and May - July 2007 Statisitcs

Orangevale Homes for Sale

The least expensive home for sale in Orangevale is a 793 square-foot bank repo, which is listed for $199,900. The most expensive home for sale in Orangevale is a 4,142 square-foot home on 6.74 acres on Santa Juanita Avenue, which is listed for $4,500,000. To view the details on these homes, along with all other homes for sale in Orangevale, click Orangevale homes for sale.

Orangevale Homes Pending Sale

Orangevale Homes Sold Between May and July 2007 vs. February to June 2007

The least expensive home sold in Orangevale between May and July 2007 was a 1,136 square-foot home on Hazel Avenue, which sold for its asking price of $215,000. The most expensive home that sold in Orangevale between May and July 2007 was a 4,603 square-foot bank repo on 2 acres on Creek Oaks Lane, which sold for $925,000 after being listed for $969,900. 

Orangevale Homes Sold Between May and July 2007 vs. May to July 2006

Summary

The number of homes for sale in Orangevale has increased since May 4th, 2007. The number of homes pending sale in Orangevale has fallen dramatically. The number of homes that sold in Orangevale between May and July 2007 was higher than the number sold between February and April 2007, but it was lower than the number of homes sold in Orangevale between May and July 2006.

The average asking price for homes in Orangevale has increased since May 4th, 2007, along with the median asking price and the average asking price per square-foot.

The average sales price, median sales price and average sales price per square-foot all fell between May and July 2007 when compared to February through June 2007 and May through July 2006.

The average number of days on market for homes sold in Orangevale between May and July 2007 was lower that the average number of days on market for Orangevale homes sold between February and June 2007 and Orangevale homes sold between May and July 2006.

On average, Orangevale homes sold for a lower percentage of their asking price between May and July 2007 when compared to February through June 2007 and May through July 2006. However, between May and July 2007 the original asking price for homes sold in Orangevale were reduced by a lower percentage before a workable offer was received when compared to February through June 2007 and May through July 2006.

The projected number of months inventory for Orangevale homes increased to 8.11 months from the projection of 7.86 months on May 4th, 2007. This was due entirely to the increase in the number of homes for sale in Orangevale, which may in turn be related to the decrease in the number of homes pending sale in Orangevale. Because of the increase in the number of homes for sale in Orangevale and the decrease in the number of homes pending sale, the projected inventory numbers will probably continue to rise when we look at Orangevale again in November.

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