I get asked all the time, where can I buy a single story home in the Sacramento area? Of course, the answer is everywhere. They do tend to be hidden among all the two story homes being built. You understand that builders want to build as large a home on their available lots to attract higher prices.
I decided to do some research for locating the areas with the greatest number of single story homes for sale.
Methodology for the survey.
I began by selecting all single story homes for sale within selected communities. I excluded age restricted neighborhoods as those tend to be mini-markets that run counter to non-restricted neighborhoods. Besides, every home in these communities is single story. Lincoln and Roseville have the largest concentration of age restricted communities with large Del Webb developments within their boundaries.
When examining the numbers in the table below a couple of items should become apparent. First, single story homes tend to demand a higher price per square foot, and secondly, communities with newer construction proportionally have a higher density of two-story homes compared to single story. Carmichael, Fair Oaks, and Orangevale are older established cities resulting in a higher density of single story homes. El Dorado Hills, Folsom, and Lincoln have new construction occurring resulting in more multi-story dwellings.
The data is based on homes available for sale the weekend of July 1, 2017. For each city listed, I show the least expensive and most expensive homes. Listed next is a median home price comparison between single story and multi-story homes. It will indicate the number of homes in the survey for each breakdown, median square footage, median price, and price per square foot. I use median statistics as it provides a more accurate assessment of the individual markets. Half of all homes available for sale are below the median price, and half are above.
The purpose of this post was not to discourage anyone who wants to purchase a single story home only to educate. Sellers can also glean useful information concerning expectations of asking price and the depth of the competition.