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« Fair Oaks Foreclosures Statistics Report for June 2011 | Main | Roseville Real Estate Sales April - June 2011 »

July 25, 2011

Fair Oaks Real Estate Statistics Report - July 2011

Fair Oaks 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 168 176 4.8% 155 176 13.5% 122 176 44.3%
New Listing 67 79 17.9% 67 79 17.9% 101 79 -21.8%
Sold 36 46 27.8% 35 46 31.4% 59 46 -22%
Pended 43 57 32.6% 35 57 62.9% 69 57 -17.4%

The number of homes for sale in Fair Oaks increased slightly in June when compared to March of this year, but increased more substantially 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 and the number added in June of last year.

As of July 25th, 2011 there are 48 homes listed in Fair Oaks that are short sales in contract awaiting bank approval, compared to 28 on April 26th and 43 on July 16th, 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 Fair Oaks 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 Fair Oaks, click Fair Oaks home sales April - June 2011.

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

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

Fair Oaks Average Price Per Square-Foot

Fair Oaks Average 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 135 136 0.6% 155 136 -12.2% 250 136 -45.5%

The average price per square-foot of Fair Oaks homes increased in June when compared to March of this year, but decreased compared to June of last year.

Fair Oaks Average List Price and Average Sales Price

Fair Oaks Average Sales 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 350 350 0% 393 350 -10.9% 644 350 -45.7%
Avg. Sold Price 256 259 1.2% 293 259 -11.6% 505 259 -48.7%

The average asking price for Fair Oaks homes was the same in June as it was in March of this year, but was lower than June of last year. 

The average sales price was up in June compared to March, but was down compared to June of last year.

Fair Oaks Median Home Sales Price 

Fair Oaks 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 227 222 -2.2% 264 222 -15.9% 455 222 -51.2%

The median sales price of homes in Fair Oaks was down in June when compared to March of this year and June of last year.

Fair Oaks Number of Months of Housing Inventory

Fair Oaks Number of Months Housing Inventory 

  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) 4.7 3.8 -19.1% 4.4 3.8 -13.6% 2.1 3.8 81%

The inventory of homes for sale in Fair Oaks, when calculated using the number of homes for sale compared to the number of homes that have recently sold, stands at 3.8 months, which is lower than March of this year and June of last year.

Fair Oaks Average Days on Market and Sales Price to List Price %

Fair Oaks 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 103 103 0% 67 103 53.7% 0 103 n/a
Sold/List Diff. % 98 97 -1% 97 97 0% 99 97 -2%

Average consecutive days on market for Fair Oaks homes sold in June was the same as in March of this year, but was up 36 days compared to June of last year.

The average discount negotiated off the list price of Fair Oaks homes was 3% in June compared to 2% 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 Fair Oaks, 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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