Home Sales Continue at Brisk Pace as Buyers Take Advantage of Favorable Prices and Other Incentives During Second Quarter

Aggressively priced new construction and bank-owned properties attracted additional homebuyers to Placer County in the second quarter of 2009 as home-builders and banks continued to work off excess inventory, according to a report by the research division of Prudential California Realty based on an analysis of MLS Data.

Sales of existing single-family detached homes climbed 35 percent from 762 closed sales in the first quarter to 1,030 in the second quarter of 2009 - a pace that was just 6 percent lower than the 1,094 closed sales recorded during the second quarter of 2008.

The number of closed sales increased or remained unchanged between the first and second quarters in all seven of the county’s local real estate markets but fell on a year-over-year basis in four. Roseville led the way with 393 sales in the second quarter, followed by Lincoln (253), Rocklin (183) and Granite Bay (79), which was second only to Newcastle (+57) in year-over-year sales gains with a 56 percent improvement.

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