Market Conditions Report – Auburn

8/26/17

The town of Auburn offers affordable residential living with 92 homes for sale. Of the active listings, there is 1 short sale and no accepted offer yet. There are no bank owned (REO) listings.

52 pending sales with average days on the market of 35. There were 94 sold listings in the last 3 months with average days on the market of 28. List to sales price is 100.5% indicating many multiple offer situations.

The rural areas in and surrounding Auburn include the areas of Loomis, Newcastle, Penryn, Rural Lincoln, Meadow Vista, Colfax, Weimar, Foresthill and South County of Nevada County.

There are 206 active listings on acreage. Of these listings, 5 are short sales of which 3 already have seller accepted offers and waiting for lender approval. There are no REO’s (bank owned).

There are 73 pending sales with average days on market of 81.

There are 161 sold listings in the last 90 days with average days on the market of 37. List price to sales price is averaging 98.9%.