Market Conditions Report – Auburn

11/3/17

Residential properties in Auburn and surrounding areas offer affordable residential living with 139 homes for sale. Of the active listings, there are 2 short sales and both have accepted offers and waiting for lender approval. There is 1 bank owned (REO) listing.

There are 78 pending sales with average days on the market of 45. There were 161 sold listings in the last 3 months with average days on the market of 35. List to sales price is 98.5% 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 211 active listings on acreage. Of these listings, 4 are short sales of which 2 already have seller accepted offers and waiting for lender approval. There are 2 REO’s (bank owned).

There are 82 pending sales with average days on market of 84.

There are 189 sold listings in the last 90 days with average days on the market of 50. List price to sales price is averaging 97.8%.