Newcastle Market Report – February 2019

Single Family Homes in Newcastle

Newcastle Market Report – Real Estate Market

The Newcastle Market Report was prepared by Leilani Souza.

What is the real estate market like in Newcastle, California? According to market data from February 2019, Newcastle has 2.4 months of inventory. This means that it is a Seller’s Market in Newcastle, CA. If you have a home on acreage to sell, contact a ranch property specialist like Souza Realty.

How do we calculate the months of inventory? Find out in the next section.

Newcastle Market Report – For Sale / Sold / Pending

The number of properties for sale divided by the number of properties sold equals the months of inventory. It is a Neutral Market when there are 3-6 months worth of inventory. A Buyer’s Market is when the current inventory exceeds 6 months. When there is less than 3 months of inventory, it is a Seller’s Market.

• 17 homes for sale in Newcastle, CA
• 7 homes sold in Newcastle, CA
• 9 homes pending in Newcastle, CA

Compared to 1 month earlier, homes for sale are down 15%, homes sold are the same and homes pending are up 80%.

Compared to 12 months earlier, homes for sale are up 30.8%, homes sold are down 12.5% and homes pending are up 28.6%.

Newcastle Market Report – Average Price For Sale / Sold

The average for sale price is Neutral and the average sold price is Neutral.

• $1,203,000 average price of homes for sale in Newcastle, CA
• $846,000 average price of homes sold in Newcastle, CA

Compared to 1 month earlier, the average for sale price decreased 3.8% and the average sold price is not applicable, as there were no sales that closed in January 2019.

Compared to 12 months earlier, the average for sale price increased 26.4% and the average sold price increased 20.2%.

We hope you found this Newcastle Market Report to be a helpful resource. The charts above show the real estate activity for single family homes in Newcastle, CA. Contact us if you’d like to know the value of your home, land or rental property. If you want more information about a specific neighborhood or if you have any questions, we’d love to hear from you too!

Bob Souza (925) 513-3400
Leilani Souza (916) 408-5500

Interested in the latest news about the Newcastle real estate market for homes and land? Visit the Newcastle – Placer County, California Real Estate section. Here is a list of February 2019 Market Reports for the surrounding areas:

• Auburn Market Report
• El Dorado Hills Market Report
• Folsom Market Report
• Foresthill Market Report
• Granite Bay Market Report
• Lincoln Market Report
• Loomis Market Report
• Meadow Vista Market Report
• Penryn Market Report
• Rocklin Market Report
• Roseville Market Report

All reports are published March 2019, based on data available at the end of February 2019. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.