Sacramento Downtown Grid

Sacramento Downtown Grid

While the Sacramento Midtown market was popular for buyers in 2014, so was the Downtown area and for most of the same reasons (see my Sacramento Midtown Grid post).

During the twelve-month period ending 12/31/14 there were 60 properties sold, 31 single-family residences and 29 condominiums.  The price range for the single-family units was $95,000 to $575,000 for the period with an average sales price of $365,637 and a median sales price of $379,950.  The price range for the condominiums was $169,000 to $1080,000 with an average sale price of $315,393 and a median sales price of $280,000.

The breakdown of the single-family units sold was as follows:

  • 2-bedrooms – 10 units sold, average sq ft = 1,170, average sales price = $308,690

  • 3-bedrooms – 16 units sold, average sq ft = 1,584, average sales price = $374,591

  • 4- bedrooms – 4 units sold, average sq ft = 2,501, average sales price = $431,125

  • 5-bedrooms – 1 unit sold, average sq ft = 2,306, average sales price = $449,900

The breakdown of condominium units sold was as follows:

  • 2-bedrooms – 26 units sold, average sq ft = 1,026, average sales price = $317,092

  • 3-bedrooms – 3 units sold, average sq ft = 1,361, average sales price = $300,667

Sean Safholm BRE#01270334 Headshot
Phone: 916-920-7000
Dated: January 23rd 2015
Views: 358
About Sean: Sean Safholm started his career in real estate in 1999 when he was going to college to study real es...

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