Get a simplified and clear real estate market report in Auburn California and buy with more confidence. Lean about the Auburn area property investment values. Sell your property with certitude of the value.
How has the Auburn California real estate market performed?
This is the spring 2023 Auburn real estate market report with lots of detailed numbers that can help us evaluate the real estate market. The report has many detailed ways of looking at how homes sell that helps us compare one home value to another home value the comparative home sales numbers are very important for appraisers. They use these numbers to establish the appraised value of the home this will help lenders and buyers and sellers come to an agreement on a fair price for the property.
There are two parameters that we have to agree on first to get the right data to make this analysis. First is the area which is the Auburn California area we’ll be looking at and second is the type of homes we’ll be looking at single-family homes for this evaluation.
The Sales chart for Auburn California
The first chart we will look at in the Auburn area is the “for sale sold pending” chart. This is probably one of the easier ones to understand how it relates to the actual values of the different properties. We can see that inventory is low. Low inventory is part of this whole seller’s market we’re into these days. Then we had a good little upswing on the actual pending sales near the end of the quarter. And we’ll see how those pending sales actually close we’re having a little bit of problem with the pending’s as far as these higher interest rates causing some
of the buyers not to qualify for the final closing. So we may see a little percentage of higher pending’s to lower closings in this chart.
The Northern California real estate market
To get some perspective on the Auburn real estate market we’ll compare it to the counties around it Auburn’s in the Placer County area and here’s the chart on the for-sale sold pending for the 13 surrounding areas. You can see that we’re dealing with thousands of homes we’re in Auburn we’re dealing with fewer than hundreds of homes in these charts. So when you have that fuel numbers to compare you just want to see if it’s an outlier or if it’s running close to the areas that are around it as you can see by this chart Auburn is tracking fairly close to the greater area which gives legitimacy to these numbers.
Is Auburn California a good place to buy a home?
That’s something we could talk about together to see if it’s a good fit.
The average price per square foot in the Auburn area homes
This next chart is the average price per square foot in the Auburn area it is one of the best charts to see how the value of the homes are improving. They’re moving up or moving down and as you can see this five-year chart Auburn had a quite a big increase and then it seems to be holding on to that increase with some stability over the last year so prices are definitely high in the Auburn area and holding steady.
Is Auburn real estate a good deal?
Well that’s a good question each property could be a good deal depending on your criteria let’s talk about it and see if we can find one for you.
The average days on the market insights into the Auburn area
This next chart has two pieces of data on it. First is the average days on the market so when the market days go down it shows it’s more of a seller’s market and if it takes longer to sell at home then it’s more of a buyer’s market as you can see the prices are going down overall
The second line is that little Thin Red Line at the top is the sold price versus the original list price. If it’s around 100 percent you’re looking at it a fairly priced Market. If it’s above then we know that it’s a stronger sellers’ market and if it goes below then we know it’s a strongest buyer Market. This one’s about 98 so fairly close to a fairly priced Market which is indicating by those days on the market so when the prices are fair they sell good when the prices are overpriced takes longer to sell. And if they’re under-priced because of a strong seller’s market then there will be a bidding Market where prices can go quite a bit above the market price.
How are Auburn’s home prices?
This last chart is the month of inventory based on closings the chart is basically showing if it’s a buyer’s market with more than six months of inventories sellers’ Market with less than three months of inventories and a neutral market for three to six months of inventories Auburn is in a seller’s market with a lower inventory total.
Seller Market
During this time period yes Auburn is in a seller’s market. The seller Market is defined by having more buyers than sellers some of the ways we evaluate if it’s a seller’s market is how fast are the houses selling days on Market. What is the ratio between the inventory and sold? Does the buyer receive multiple offers?
Work with real estate professionals to find your home or sell your property
Even in a seller’s market if you work with real estate professionals like Coffee Real Estate and Dan Parisi you can find a great house to make a home. If you want to sell a property or even buy a home you can contact us to see if we can help with a free consult.
How to begin looking for a home can create problems. Each person has their own priority of what is important. For some it is where to buy a home in Sacramento or in Placer County. Others, it is the must haves of the house the wants, needs and must have list. Coffee Real Estate works with home buyers to find the right home for them. Let’s begin the process today.
