The best features of Roseville, CA can be seen from inside the beautiful homes and buildings that make it such a beautiful city. It is consistently growing and changing which is evidence that the housing market must present itself stable in order to attract investors and buyers. The annual, quarterly, and monthly changes that occur on the market are a clear indication of the strengths and weaknesses in regards to the numbers and the activity of the buyers. Those in the market to purchase homes or businesses are seeking quality properties at quality prices, which begin with quality rates. Changes in the purchase activity of buyers from month to month or in comparison to the previous year are a great indicator of whether or not the market is stimulated or stagnant at the time.
The Price Point
The average list price of houses in Roseville, CA for the months of July through October 2014 was $369,500. This reflects a decrease of .1%, equivalent to $500 when compared to the previous quarter, but an increase of nearly 3% in comparison to the previous year. The last 5 years have shown an appreciation of nearly 30% on sales prices of homes in Roseville. Most agencies reflected a listing average of approximately $388.526 for Roseville homes for the end of the opening week of October. This reflects a decline of approximately 3.9% when weighed against the previous week and a decrease of almost 2% compared to the same week in the previous month. Square footage price was on the rise compared to the same time last year. The most popular neighborhoods attract the most attention; these neighborhoods include Kaseberg-Kingswood, Blue Oaks, West Roseville Parkway, and Foothill Junction.
Overall Standing of the Roseville Market
The inventory of home sales in Roseville remained the same and reflected no change since September 2014. Those properties under distress, such as short sales and foreclosures, also held the same percentage of the overall market in October. Home prices didn’t change much at all, as they reflected nearly the same list price from month to month between July and October. In light of the market conditions and attempts to purchase and sale, there were adjustments made to prices of the homes. At least 14 home sales resulted in a price increase, while approximately 100 were the result of a price decrease at the point of final sale.