In the chart below we are using the average housing market data. Prices continue to rise sharply. In comparing April sales of 2020 to April sales of 2021, you can see that the prices have drastically increased. Up an amazing 21%! You can see that in April of 2020 home sellers had to drop the price some to get it sold. You can see that in comparing Original Price to the List Price. You can also see the Selling Price is less than the List Price which means that there were fewer buyers and not many multiple offers happening. During this time homes sat on the market for 18 days before they received an offer. Remember these are average numbers. In looking at the data for this year you see that sellers have raised the price before it goes pending. This biggest thing I see is the List Price to the Sale Price. Properties are selling for 4% above asking. This is cause be multiple offers not the seller setting the price.
This also was the time when Covid-19 started to become a factor in the United States.
Average
|
April-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
89 |
$673,311 |
$674,305 |
$0 |
12 |
|
Pending |
235 |
$628,750 |
$630,479 |
$0 |
9 |
|
Sold |
239 |
$592,890 |
$593,147 |
$618,533 |
8 |
|
Sold 2020 |
133 |
$514,535 |
$511,518 |
$511,152 |
18 |
In the chart below we are using the median statistics. Personally, I feel that these numbers are a little more accurate in this market. You can see that last year homes sold for just over List Price while this year properties are selling for over $25,000 over List Price. Again, this is cause by multiple offers!!! There are more home buyers then homes listed which causes an inventory shortage. Using this data home prices are up 16% from last year.
Median
|
April 21 |
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|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
89 |
$649,500 |
|
4 |
|
Pending |
235 |
$599,900 |
|
5 |
|
Sold |
239 |
$550,000 |
$575,000 |
5 |
|
Sold 2020 |
133 |
$487,500 |
$493,000 |
8 |
The chart below is comparing the last 6 months of sales from this year to the same time last year. This data is using the median data. Home prices are up 15%. You can see also that DOM are much higher last year.
|
Roseville |
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|
Home Sales last 6 months |
|||
|
|
Number of Sales |
Median Ave |
DOM |
|
Apr 20 |
988 |
$479,000 |
13 |
|
Apr 21 |
1140 |
$549,000 |
6 |
Rocklin Housing Market Data
The chart below is using data averages. This is comparing the month April in 2020 to April in 2021. This chart shows that sellers last year were dropping their price of the home to sell. You see that in the Original Price and List Price. The Sale Price is less than List Price which indicates that multiple offers were not happening, and you can see that homes sat on the market for 30 days before getting an offer. The housing prices are up 27% comparing April of 2020 to April of 2021. Looking at this year’s data you can see that homeowners are raising the price of the home while for sale and that the homes are selling for $30,000 over the List Price. This is being caused by multiple offers. Homes are only on the market for 8 days before accepting an offer. Marketing in this housing market situation is especially important and needs to reach as many buyers as possible to get the highest and best price.
Consult a professional to get the most for your home. The wrong marketing can hurt you in this market condition.
Average Sale Price
|
April-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
44 |
$805,173 |
$825,420 |
|
22 |
|
Pending |
148 |
$669,327 |
$671,065 |
$0 |
12 |
|
Sold |
99 |
$633,744 |
$638,425 |
$670,208 |
8 |
|
Sold 2020 |
52 |
$537,023 |
$532,362 |
$528,039 |
30 |
In the chart below we are using the Median statistics and still comparing March data of 2020 to March data of 2021. This is only March numbers. In the chart you can see that homes are selling for $26.000 over asking. Again, you can see that homeowners are raising the price while listed which is because they have received an above asking offer. Especially important, this is being caused be low inventory and selling on your own can cost you thousands.
Median Sale Price
|
April-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
44 |
$724,450 |
|
5 |
|
Pending |
148 |
$610,000 |
|
6 |
|
Sold |
99 |
$599,000 |
$625,000 |
5 |
|
Sold 2020 |
52 |
$512,500 |
$510,000 |
11 |
In the chart below we are comparing the last 6 months of sales from this year to the last 6 months of sales at the same time last year. Home prices are up 15% from last year.
|
Rocklin |
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|
Home Sales last 6 months |
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|
|
# of Sales |
Median Price |
DOM |
|
Apr 20 |
410 |
505000 |
19 |
|
Apr 21 |
599 |
580000 |
6 |
I have a system put on place to get you the best price possible on a home without over biding. I want to put you in the best possible position to get a home at the best price. Please feel free to give me a call, text or email me to find out how my system works.
Please feel free to give me a call, text, or email so we can put a plan together to save you as much money as possible in these circumstances. It is possible that waiting may make for sense for you then purchasing now. Planning is the best way to save some money.