Market Conditions Report – Fair Oaks

February 22, 2017

Fair Oaks has 76 homes for sale. Of the active listings 4 are short sales with 3 of them already having seller accepted offers and waiting for lender approval. There are 34 REO’s (bank owned) for sale. Home prices range from $257,400 for a 3 bed/1 bath to a 12,663 sq ft home on 8 acres priced at $4,900,000.

There are 66 pending sales with average days on the market of 57. There are 119 sold listings in the last 3 months with average days on the market of 598. Average list price to sale price is 98.5%.

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 Amphitheatre, located in the Village, is the main site of the Fair Oaks Theatre Festival, one of the diverse outdoor community theatres in the area. The village area is also the site of the annual Fiesta Days, an event celebrating the residents of Fair Oaks.