A Look at Roseville Real Estate

16 Dec A Look at Roseville Real Estate

So far into the 4th quarter, Roseville real estate has continued to be active with no significant slow down.  While active listings have decreased, so have pending and closed sales, thus keeping the demand/supply in balance (see charts below). Based upon current data and graphs, the Roseville real estate market looks to remain very healthy heading into 2016. Here is a brief breakdown on what is happening in Roseville.

Looking at overall prices in Roseville, both the median and average prices (left graph below) and price per SF graphs (right graph below) appear stable overall with an upward trend since the 4th quarter of 2014. As of November 2015, the median price was $387,000 compared to $357,000 in Nov. 2014. The average price was $397,000 compared to $373,000 in Nov. 2014. From Sept 15th to Nov 15th, the average price per SF was approx. $197 per SF, which is a 6.2% increase over the same time period one year ago.

KEY NOTE- While trending upward since the 4th quarter of 2014, overall prices appear to have leveled the past few months. Will this level off continue into 2016 or will spring of 2016 continue to trend upward?

Regarding Roseville inventory, it’s interesting to observe that active listings, pending sales and closed sales have decreased in similar pattern and ratio (left graph below). This has maintained the ratio between supply and demand as the months of inventory continues to have a slight shortage overall (right graph below) with 2.1 months of inventory currently (as a general rule, when a market has 3 months or less of inventory- this is defined as a shortage). However, one can observe a slight seasonal uptick the past few months, which can be expected in most winter months in any market.

KEY NOTE- Will 2016 see an increase of active listings followed by similar demand? If active listings increase in 2016 and demand does not increase, this will likely soften the market somewhat.

SUMMARIZING- As 2015 closes, there are many factors to support that Roseville real estate should enter 2016 continuing to be a balanced market for both buyers and sellers. With the threat of an interest rate hike looming, it will be interesting to see how the markets respond if this is the case.

Any thoughts or comments?

Disclaimer: All information deemed reliable but not guaranteed. The information is meant entirely for educational purposes and casual reading only and is NOT intended for any other use.  This information is NOT intended to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or other potential real estate or non real estate purpose. This appraiser is NOT a qualified home inspector and any tips are for informative purposes only. If you’d like to obtain and order an appraisal for your specific needs, please contact Bryan at 530-878-1688 for more information.