Rocklin, California Real Estate

A mid-sized city in the Sacramento area, just north of that city, Rocklin, California, is home to around 55,000 in Placer County and is home to a population with a median household annual income of almost $85,000. Though the Rocklin real estate sector initially suffered many adverse effects from the withering national real estate market that onset in 2008, it has since begin to show some new signs of life and that i may be out of the worst period.

According to statistics from local Re/Max realtors, near the end of January (as of Jan. 27), there were 265 Rocklin homes for sale, a decline in inventory of 6% from four months prior, in September. Of these homes, 25 were bank-owned, 48 were active short sales and 108 were short sale-contingent. The homes ranged in price for as little as $138,000 to as much as $1.7 million.

The average asking price at the end of January was $444,225, a more than 11% increase from four months’ earlier, when it was just over $397,000. The median asking price was $349,000, a 4.6% improvement from four months earlier, when it was $333,687. The fourth quarter of 2009 saw sales activity in Rocklin improve. From October through December, there were 196 homes sold, versus just 181 from July to September. The sales prices, too, were higher.

The average sales price during the fourth quarter was $338,653, up 6.25% from the third quarter, while the median sales price was $310,000, up 3.7% from the third quarter. Despite the increased sales activity, however, homes spent four more days, on average, on the market before selling than in the previous quarter, at 80 days. Sales activity for the year’s final quarter was an improvement of more than 18% from the same quarter in 2008, but both median and average prices were down for the year, by 5.5% and 7.3%, respectively.