2023 Year-End Sacramento Area Market Stats

Page 1

2023 YEAR-END MARKET STATS TRI-COUNTY | EL DORADO | PLACER | SACRAMENTO

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Contents Chase International

3-4

Market Opinion

5-6

El Dorado County

7-8

Placer County

9-15

Sacramento County

16-20

Chase Ready

21-22

My Home Value?

23-24

Chase International

25-28


888.70.CHASE | chaseinternational.com


Strong Demand with improved affordability. Greater Sacramento real estate market shows promise as 2023 ends. As the year draws to a close in 2023, the Greater Sacramento real estate market showcased several promising aspects. Despite the challenge of limited housing availability, the sustained high demand indicated a strong interest in the region’s properties. This continued enthusiasm from buyers contributed to a competitive market landscape. The decrease in interest rates worked in favor of buyers, enhancing affordability and likely prompting increased interest in property purchases. This could have motivated prospective homeowners and investors to take advantage of more favorable lending conditions. Sacramento’s enduring attractiveness as a vibrant, livable area likely remained a key factor driving market activity. Its blend of urban amenities, cultural offerings, and desirable living conditions could have further solidified its appeal among buyers and investors. These collective factors painted a promising picture for the Greater Sacramento real estate market by year-end, showcasing robust demand, improved affordability, sustained appeal, and overall stability. For those considering entering this market, these positive indicators could have offered a favorable environment for real estate endeavors. If you would like to learn more, please call our local office at 888.70.CHASE


El Dorado Hills 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$608,799,267

$762,189,464

-20%

Number of Sales

565

710

-20%

Average Sales Price

$1,077,521

$1,073,506

0%

Median Sales Price

$905,000

$950,000

-5%

Average Price Per Sqft.

$367

$371

-1%

Average Days on Market

40

27

48%

List to Sales Price Ratio

97%

98%

-1%

SALES VOLUME 2023 $608,799,267 2022 $762,189,464

888.70.CHASE | chaseinternational.com Information gathered from MetroList 12/29/2023

UNITS SOLD 2023 565 2022 710


Placerville 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$98,247,320

$146,574,685

-33%

Number of Sales

185

261

-29%

Average Sales Price

$531,067

$561,589

-5%

Median Sales Price

$495,000

$525,000

-6%

Average Price Per Sqft.

$320

$319.23

0%

Average Days on Market

37

32

16%

List to Sales Price Ratio

98%

97%

0%

SALES VOLUME 2023 $98,247,320 2022 $146,574,685

UNITS SOLD 2023 185 2022 261


Auburn 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$261,459,795

$332,440,619

-21%

Number of Sales

377

485

-22%

Average Sales Price

$693,527

$685,445

1%

Median Sales Price

$615,000

$620,000

-1%

Average Price Per Sqft.

$341

$354

-4%

Average Days on Market

37

24

54%

List to Sales Price Ratio

97%

98%

-1%

SALES VOLUME 2022 $261,459,795 2021 $332,440,619

888.70.CHASE | chaseinternational.com Information gathered from MetroList 12/29/2023

UNITS SOLD 2023 377 2022 485


Granite Bay 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$312,109,282

$405,229,749

-23%

Number of Sales

244

296

-18%

Average Sales Price

$1,279,136

$1,369,019

-7%

Median Sales Price

$1,200,000

$1,200,000

0%

Average Price Per Sqft.

$415

$417

1%

Average Days on Market

45

26

57%

List to Sales Price Ratio

98%

96%

1%

SALES VOLUME 2023 $312,109,282 2022 $405,229,749

UNITS SOLD 2023 244 2022 296


Lincoln 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$570,243,484

$748,783,421

-24%

Number of Sales

835

1,085

-23%

Average Sales Price

$682,926

$690,123

-1%

Median Sales Price

$618,000

$650,000

-5%

Average Price Per Sqft.

$327

$335

-3%

Average Days on Market

34

25

36%

List to Sales Price Ratio

98%

100%

-1%

SALES VOLUME 2023 $570,243,484 2022 $748,783,421

888.70.CHASE | chaseinternational.com Information gathered from MetroList 12/29/2023

UNITS SOLD 2023 835 2022 1,085


Twelve Bridges 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$143,028,558

$171,373,301

-17%

Number of Sales

160

191

-16%

Average Sales Price

$893,928

$897,242

0%

Median Sales Price

$736,208

$737,000

0%

Average Price Per Sqft.

$328

$339

-3%

Average Days on Market

42

36

17%

List to Sales Price Ratio

99%

100%

-2%

SALES VOLUME 2023 $143,028,558 2022 $171,373,301

UNITS SOLD 2023 160 2022 191


Loomis 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$185,420,916

$215,311,920

-14%

Number of Sales

148

157

-6%

Average Sales Price

$1,252,844

$1,371,414

-9%

Median Sales Price

$880,500

$1,012,500

-13%

Average Price Per Sqft.

$468

$467

0%

Average Days on Market

49

33

48%

List to Sales Price Ratio

97%

95%

2%

SALES VOLUME 2023 $185,420,916 2022 $215,311,920

888.70.CHASE | chaseinternational.com Information gathered from MetroList 12/29/2023

UNITS SOLD 2023 148 2022 157


Rocklin 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$535,491,548

$623,812,758

-14%

Number of Sales

713

836

-15%

Average Sales Price

$751,040

$746,188

1%

Median Sales Price

$680,000

$698,500

-3%

Average Price Per Sqft.

$334

$343

-3%

Average Days on Market

36

21

71%

List to Sales Price Ratio

97%

98%

-1%

SALES VOLUME 2023 $535,491,548 2022 $623,812,758

UNITS SOLD 2023 713 2022 836


Roseville 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$1,123,620,292

$1,412,405,821

-20%

Number of Sales

1,713

2,108

-19%

Average Sales Price

$655,937

$670,022

-2%

Median Sales Price

$619,754

$645,000

-4%

Average Price Per Sqft.

$323

$344

-6%

Average Days on Market

40

23

74%

List to Sales Price Ratio

98%

99%

0%

SALES VOLUME 2023 $1,123,620,292 2022 $1,412,405,821

888.70.CHASE | chaseinternational.com Information gathered from MetroList 12/29/2023

UNITS SOLD 2023 1,713 2022 2,108


Sacramento 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$4,202,759,072

$5,739,812,286

-27%

Number of Sales

7,083

9,512

-26%

Average Sales Price

$593,359

$603,429

-2%

Median Sales Price

$540,000

$550,000

-2%

Average Price Per Sqft.

$346

$357

-3%

Average Days on Market

30

23

30%

List to Sales Price Ratio

98%

98%

0%

SALES VOLUME 2023 $4,202,759,072 2022 $5,739,812,286

UNITS SOLD 2023 7,083 2022 9,512

*Sacramento stats include Arden Arcade, Carmichael, Curtis Park, East Sacramento, Fair Oaks, Land Park, Midtown


Folsom 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$539,329,883

$725,234,067

-26%

Number of Sales

700

878

-20%

Average Sales Price

$770,471

$826,007

-7%

Median Sales Price

$720,500

$760,000

-5%

Average Price Per Sqft.

$369

$381

-3%

Average Days on Market

33

26

27%

List to Sales Price Ratio

97%

99%

-1%

SALES VOLUME 2023 $539,329,883 2022 $725,234,067

888.70.CHASE | chaseinternational.com Information gathered from MetroList 12/29/2023

UNITS SOLD 2023 700 2022 878


Elk Grove 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume of Sales

$747,311,669

$1,003,414,168

-26%

Number of Sales

1,167

1,492

-22%

Average Sales Price

$640,370

$672,530

-5%

Median Sales Price

$520,000

$645,000

-19%

Average Price Per Sqft.

$320

$343

-7%

Average Days on Market

32

22

45%

List to Sales Price Ratio

98%

97%

1%

SALES VOLUME 2023 $747,311,669 2022 $1,003,414,168

UNITS SOLD 2023 1,167 2022 1,492


INTRODUCING, CHASE READY Make your home ready to SELL and easy for buyers to BUY!

916 234 0247

888 70 CHASE


Stand out from the crowd with Chase Ready With Chase Ready, your home will stand out from the crowd by providing buyers full transparency on the condition of your home. Buyers will know what they are purchasing and can make an educated and confident decision when making an offer on your property. Your home is ready to SELL and easy for buyers to BUY!

What distinguishes a Chase Ready Property? Prior to putting your home on the market, Chase Ready Properties have completed the following: Full Home Warranty for Buyers: Coverage for the sellers during the listing period Property Inspection Fully Completed Disclosures Preliminary Title Search Completed Natural Hazards Disclosure Report Completed Sewer Clearance if necessary Defensible Space Evaluation if necessary

Benefits to Sellers ELIMINATE SURPRISES Eliminates virtually all major surprises that often occur during the inspection process.

SAVES TIME & MONEY Allows you to cost-effectively complete repairs and improvements.

REDUCES STRESS Greatly reduces the stress and lost time of canceled transactions.

Benefits to Buyers CONFIDENCE Enable buyers to make educated and confident decisions when writing an offer.

SECURITY Protect buyers from the cost of systems repairs during the first year of ownership.

CHASEINTERNATIONAL.COM/READY


888.70.CHASE | chaseinternational.com


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