I tend to report the medians and averages for the market as a whole because they give us the best indicator of what is happening in general.

With that in mind, it is important to realize that there are cases that occur on the extremes and all along a spectrum.

While our average home price in Placer County in June 2023 was $786,000 and the median was $680,000, there are examples on the extreme that are far above and below that.

On the top end of the market, a home in Loomis sold this June for $4,000,000,

At the bottom end of the market, a condo in Auburn sold for $205,000.

On average, homes sold for their asking price during June, but there are extremes on either side of that too.

A home in Roseville received 35 offers and was bid up 39% from $269,000 to $375,000.

Another home in Roseville was bid up $200,000 with 10 offers from $1,450,000 to $1,650,000.

During the same month a home in Auburn sold for $2,150,000 after being listed for $2,400,000, for a discount of $350,000 or 14%.

The average number of days it took a home to sell in June was 30 days.

That average included homes that sold in a single day and a home that sold in Roseville after being listed for 359 days.

All of these extreme examples can help provide us with goal posts for what is possible.

The truth is, each home, buyer, seller, and negotiation should be approached as unique.

The stats and the anecdotal experiences of recent sales should be taken into account together when preparing for a real estate negotiation as a buyer or a seller.

If you would like help from an experienced agent who is aware of the stats, anecdotes and uniqueness of each home buyer and seller, let me know.

I’m happy to help and I would love to help you succeed with your real estate goals.

Posted by Patrick Hake on
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