Are Rocklin Home Prices on Their Way Up?

By
Real Estate Agent with Roseville CA & Rocklin CA Short Sale Agent Broker DRE#01247876

Are Rocklin Home Prices on Their Way Up?

Are Rocklin Home Prices on Their Way Up?

Rocklin home prices are the highest they've been in two years!  New stats show what I've been talking about for the last couple months.  Rocklin home prices are up to $136 per square foot  That's over 12% more since just last month! 

The reason Rocklin home prices are up is because we are in the midst of a mini seller's market.  Inventory is the lowest it's been in many months.  The low inventory creates competition, multiple offers, and higher prices for sellers.

Does this mean that Rocklin has recovered and home prices will stay up?  Probably not.  Last year the banks held back most of their foreclosure inventory and didn't initiate foreclosures on thousands of homeowners behind on their mortgage.  Experts say this year, the banks will release a lot more inventory.  There is soon to be more bank owned homes on the market as well as short sales from sellers who want to avoid a foreclosure

These higher Rocklin home prices are probably short lived.  If you're thinking about selling your Rocklin home, do it now before higher inventory drives values down. 

Find out the value of your Rocklin Home. 

Are Rocklin Home Prices on Their Way Up?

Posted by

Keller Williams Realty-Roseville

916.205.2265

www.AllansHomes.com

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*Allan Sanchez is a licensed real estate broker in the state of California and does not give legal or tax advice regarding short sales and other real estate sales.  Please consult a real estate attorney or CPA for any legal or tax questions.

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Topic:
Home Selling
Location:
California Placer County Rocklin
Tags:
rocklin short sale agent
home value rocklin
rocklin home prices
rocklin real estate agent

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Allan Sanchez

Rocklin & Roseville, Short Sale Agent
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