Market Conditions Report – Fair Oaks

6/5/17

Fair Oaks has 117 homes for sale. Of the active listings 3 are short sales with all of them already having seller accepted offers and waiting for lender approval. There are 2 REO’s (bank owned) for sale. Home prices range from $285,000 for a 3 bed/1 bath to a 12,663 sq ft home on 8 acres priced at $4,400,000.

There are 93 pending sales with average days on the market of 36. There are 155 sold listings in the last 3 months with average days on the market of 28. Average list price to sale price is an excellent 99.8% indicating many accepted offers were over list price.

Fair Oaks (population: 28,808) is a well-established community located in the eastern area of Sacramento County. It consists of a mix of suburban and semi-rural neighborhoods. The area is home to rolling hills and numerous native oaks that add its quality of life. The views of the American River Bluffs and the surrounding attractions of the Nimbus Hatchery and Folsom Dam also add to the distinctive character of Fair Oaks.

Fair Oaks uniqueness also stems from its existing business core and town center, known as the Fair Oaks Village. The village is home to narrow winding roads, rolling hills, an open-air amphitheater, and a historic plaza of historic buildings full of unique galleries and shops. The village shares the similar characteristics one could find in a small town atmosphere. The Plaza Park Amphitheater, located in the Village, is the main site of the Fair Oaks Theater Festival, one of the diverse outdoor community theaters in the area. The village area is also the site of the annual Fiesta Days, an event celebrating the residents of Fair Oaks.