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Closings in the small Placer County town fell sharply from a year ago, but the homes that did sell traded in a fraction of the time.
With a median sale price near $684,000, Newcastle buyers are absorbing a $125-a-month hit from the latest rate move — well above typical regional pain.
Median asking rents in the small Placer County community edged up just $11 over the past year, leaving renters with one of the flattest annual changes around.
With only four homes sold over three months, a single transaction can swing Newcastle's headline price — and this spring it swung sharply upward.