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July 24, 2011

Carmichael Real Estate Statistics Report - July 2011

Carmichael Home Sales 

  1 quarter 1 year 6 years
  Mar 11 June 11 % Change June 10 June 11 % Change June 05 June 11 % Change
For Sale 191 190 -0.5% 213 190 -10.8% 124 190 53.2%
New Listing 77 90 16.9% 100 90 -10% 108 90 -16.7%
Sold 42 51 21.4% 47 51 8.5% 67 51 -23.9%
Pended 57 72 26.3% 52 72 38.5% 70 72 2.9%

The number of homes for sale in Carmichael remained even in June when compared to March of this year, but fell when compared to June of last year.

The number of new listings that were added to to the market in June was higher than the number added in March, but was lower than the number added in June of last year.

As of July 24th, 2011 there are 74 homes listed in Carmichael that are short sales in contract awaiting bank approval, compared to 52 on April 17th and 44 on July 17th, 2010.

The number of homes that were pending sale in June was higher when compared to March and June of last year.

The number of homes that sold in Carmichael in June was up compared to March of this year and June of last year.

To view a list and map of the recent homes that sold in Carmichael, click Carmichael home sales April - June 2011.

To view an analysis of foreclosure activity in Carmichael, CA for the period, click Carmichael Foreclosure Report June 2011.

To view a current list of the homes for sale in Carmichael, click Carmichael Homes for Sale.

Carmichael Average Price Per Square-Foot

Carmichael Price Per Square Foot 

  1 quarter 1 year 6 years
  Mar 11 June 11 % Change June 10 June 11 % Change June 05 June 11 % Change
Avg. Sq. Ft. Price 140 138 -1.3% 156 138 -11.4% 259 138 -46.5%

The average price per square-foot of Carmichael homes decreased in June when compared to March of this year and June of last year.

Carmichael Average List Price and Average Sales Price

Carmichael Average Home Price 

  1 quarter 1 year 6 years
  Mar 11 June 11 % Change June 10 June 11 % Change June 05 June 11 % Change
Avg. Active Price 325 358 10.2% 412 358 -13.1% 610 358 -41.3%
Avg. Sold Price 252 242 -4% 283 242 -14.5% 475 242 -49.1%

The average asking price for Carmichael homes was higher in June than it was in March of this year, but was lower than June of last year. 

The average sales price was down in June compared to March and June of last year.

Carmichael Median Home Sales Price 

Carmichael Median Home Price 

  1 quarter 1 year 6 years
  Mar 11 June 11 % Change June 10 June 11 % Change June 05 June 11 % Change
Median Price 207 215 3.9% 243 215 -11.5% 414 215 -48.1%

The median sales price of homes in Carmichael was up in June when compared to March, but was down when compared to June of last year.

Carmichael Number of Months of Housing Inventory

Carmichael Inventory of Homes for Sale 

  1 quarter 1 year 6 years
  Mar 11 June 11 % Change June 10 June 11 % Change June 05 June 11 % Change
Months of Inventory (Closed Sales) 4.5 3.7 -17.8% 4.5 3.7 -17.8% 1.9 3.7 94.7%

The inventory of homes for sale in Carmichael, when calculated using the number of homes for sale compared to the number of homes that have recently sold, stands at 3.7 months, which is lower than March of this year and June of last year.

Carmichael Average Days on Market and Sales Price to List Price %

Carmichael Days on Market 

  1 quarter 1 year 6 years
  Mar 11 June 11 % Change June 10 June 11 % Change June 05 June 11 % Change
Avg. CDOM 114 100 -12.3% 62 100 61.3% 0 100 n/a
Sold/List Diff. % 96 98 2.1% 97 98 1% 99 98 -1%

Average consecutive days on market was down 14 days for Carmichael homes sold in June compared to March, but was up 38 days compared to June of last year.

The average discount negotiated off the list price of Carmichael homes was 2% in June compared to 4% in March and 3% in June of last year.  

If you have any questions about the statistics provided in this report, or if you are interested in buying or selling a home in Carmichael, please feel free to contact us at 916-728-1981.

 

*All reports are published July. 2011, based on data available at the end of June. 2011.
All reports and graphs presented  were created by www.TrendGraphix.com and are based on data supplied by the Metrolist MLS. The Metrolist MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Metrolist MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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