Rocklin Home Values on the Rise 
You’ll probably be surprised at the value of your Rocklin home. Prices have been steadily increasing lately and values are back to 2009 levels (average Rocklin home price is now $339K). After years of depressing news regarding the real estate market and little more than foreclosures and short sales to buy, Rocklin sellers with increasing equity are finding it a great time to sell.
FIND OUT THE CURRENT VALUE OF YOUR ROCKLIN HOME.
Over 50% of last month’s sales in Rocklin were traditional, equity sales. That’s truly an improvement! This time last year, only 35% of sales had equity. The rest were foreclosures and mostly short sales. Home values are increasing for a few reasons. First, there is very low inventory on the market. That means there are not a lot of options for buyers and buyer competition means higher prices for sellers. Second, there is the sense that we’ve hit the bottom and are in recovery mode. Buyers don’t want to miss a good opportunity and are in a hurry to buy now. Finally, the economy seems to be SLOWLY but surely recovering. There seems to be increased confidence which is sparking the economy and the housing market.
Will Rocklin home values continue to rise? That’s a question I wish I knew the answer to. This winter and spring will be very interesting. If there is a flood of new inventory, either from anxious sellers or the banks who hold foreclosures, that will slow down the prices because there will be less buyer competition. Hopefully we’ll see a lower unemployment rate in the near future. If not, there will still be many homeowners that will not be able to afford their current homes and can’t wait for a complete recovery. For those homeowners, Rocklin short sales are still the best option and offer the best chance at clean slate.
Rocklin Home Values on the Rise
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