Market Conditions Report – Fair Oaks

11/3/17

Fair Oaks has 101 homes for sale. Of the active listings, there are no short sales or REO’s (bank owned) for sale. Home prices range from $294,950 for a 2 bed/1 bath to a 12,663 sq ft home on 8 acres priced at $4,400,000.

There are 75 pending sales with average days on the market of 33. There are 179 sold listings in the last 3 months with average days on the market of 37. Average list price to sale price is an excellent 99% indicating many multiple 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.