Placer County Median Home Price Up 18.6% in 2012

Posted by Patrick Hake on Thursday, January 17th, 2013 at 6:26am.

2012 was an incredible year for home prices in Placer County. After seeing prices drop month after month, quarter after quarter and year after year over the past 7 years, things finally turned around and started an upward trend in 2012.

Between December 2011 and December 2012, in Metrolist MLS, the median sales price of single family homes in Placer County increased 18.6%, while the average price increased 18.7% and the average price per square-foot rose 13.3%.

Over the past 7 years we have still seen a 38.8% decline in the median price, 36.7% decline in the average price and 41.7% decline in the average price per square-foot, but the bottom had to be reached at some point, and at least for now it appears that it was reached at the end of 2011.

Here are some graphs to provided by www.trendgraphix.com to help illustrate the price changes over the past five years.

placer_county_median_price_2005_-_2012_510

 

  1 quarter 1 year 7 years
  Sep 12 Dec 12 % Change Dec 11 Dec 12 % Change Dec 05 Dec 12 % Change
Median Price 293 300 2.4% 253 300 18.6% 490 300 -38.8%

placer_county_average_price_2005_-_2012_510

  1 quarter 1 year 7 years
  Sep 12 Dec 12 % Change Dec 11 Dec 12 % Change Dec 05 Dec 12 % Change
Avg. Active Price 533 539 1.1% 438 539 23.1% 663 539 -18.7%
Avg. Sold Price 328 343 4.6% 289 343 18.7% 542 343 -36.7%

placer_county_ave_price_sqft_2005_-_2012_510

  1 quarter 1 year 7 years
  Sep 12 Dec 12 % Change Dec 11 Dec 12 % Change Dec 05 Dec 12 % Change
Avg. Sq. Ft. Price 146 151 4% 134 151 13.3% 260 151 -41.7%

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