Loomis Homes for Sale and June - August 2007 Statistics

Loomis Homes for Sale

The least expensive home for sale in Loomis is a 1,405 square-foot home on Kathy Way, which is listed for $309,000. The most expensive home for sale in Loomis is a 6,600 square-foot home on 5.2 acres on Barton Road, which is listed for $3,475,000. To view the details and photos available for these homes, along with all other homes for sale in Loomis, click Loomis homes for sale.

Loomis Homes Pending Sale

Loomis Homes Sold Between June and August, 2007 vs. March to May, 2007

The least expensive home that sold in Loomis between June and August, 2007 was a 1.208 square-foot home on Noah Lane, which sold for $295,000 after being listed for $315,000. The most expensive home that sold in Loomis between June and August, 2007 was a 5,033 square-foot home on 1.17 acres in Mote Sereno, which sold for $1,820,000 after being listed for $1,899,900.

Loomis Homes Sold Between June and August, 2007 vs. June through August, 2006

Summary

The number of homes for sale in Loomis increased between June 13th and September 3rd. The average asking price increased, but the median asking price and average asking price per square-foot decreased during the same period.

The number of homes pending sale in Loomis remained steady at 17 homes between June 13th and September 3rd.

The number of homes sold in Loomis between June and August 2007 was lower than the number of homes sold between March and May, but it was higher than the number of homes sold between June and August of 2006.

The average sales price for Loomis homes between June and August, 2007 was lower than the average sales price between March and May, but was higher than the average sales price between June and August, 2006.

The median sales price and average sales price per square-foot for Loomis homes between June and August, 2007 were lower than the median sales price for Loomis homes between March and May and between June and August, 2006.

The average number of days that it took to sell a home in Loomis between June and August, 2007 was two weeks greater than the average between March and May and 5 weeks greater than the average between June and August, 2006.

On average, Loomis homes were dropped by a larger percent from their original asking price before receiving a workable offer and were dropped by a larger percent during negotiations between June and August, 2007 than between March and May and between June and August, 2006.

The projected number of months inventory for Loomis homes increased from 6.78 months to 10.11 between June 13th and September 3rd. This was due to a drop in the number of sales during the period and an increase in the number of homes for sale in Loomis. Typically anything over 5 months is considered a buyer's market.

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