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January 06, 2008

Placer County Condos for Sale and December 2007 Statistics

Placer County Condos for Sale

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The number of condos for sale in Placer County has decreased since December 6th, but is slightly higher than the number for sale on January 5th, 2007. The average asking price, median asking price and average asking price per square-foot have all decreased since November and January of last year.

Of the 126 condos for sale in Placer County, 19 are bank owned condos and 28 are short sales. That means 15% of the condos for sale are bank repos and 22% are short sales.

The least expensive condo for sale in Placer County is a 922 square-foot condo in Auburn Greens, which is listed for $105,000. The most expensive condo for sale in Placer County is a 1,652 square-foot condo in Southridge in Auburn, which is listed for $525,000. To view the details and photos available for these condos, along with all other condos for sale in Placer County, please click Placer County condos for sale.

Placer County Condos Pending Sale

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The number of condos pending sale in Placer County has decreased since Last month and has also less than the number of condos pending sale during the same period last year.

3 of the condos pending sale in Placer County are bank owned and 0 are short sales. That would mean 37.5% of the condos in contract are bank repos.

Placer County Condos Sold in December 2007 vs. November 2007

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The number of condos that sold in Placer County during December 2007 was less than the number of condos sold during November 2007.

Based on the sales pace in December, there is currently a 12.60 months of condo inventory in Placer County.

The least expensive condo that sold in Placer County during December 2007 was a 991 square-foot condo in Auburn Greens, which sold for $120,000 after being listed for $139,000. The most expensive condo that sold in Placer County during December 2007 was a 1,149 square-foot condo in Shasta Oaks in Roseville, which sold for $265,500 after being listed for $266,900.

Of the 10 condos that sold in Placer County during December 2007, 1 was a bank owned condo and 1 was a short sale. That means 10% of the condos sold were bank repos and 10% were short sales.

Placer County Condos Sold in December 2007 vs. December 2006

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The number of condos that sold in Placer County during December 2007 was lower than the number of condos sold during December 2006.

Summary

The number of condos for sale in Placer County has continued its seasonal decline.

The decrease in sales was greater than the decline in condos for sale. Because of this, there is now over a years worth of condo inventory.

The number of pending sales is down by 50%, which will most likely lead to low sales numbers for January.

If you have any questions regarding these statistics or if you are interested in 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.

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