Trendgraphix Monthly Real Estate Report

Inventory Decline with Increase Pending Sales

Sales for the tri-county area are up with pending sales that continued to

increase through the end of 2010. Inventory totals declined in December but

remain higher than a year ago. The largest number of home sales occurred

under $200,000; but there has also been a recent upsurge in the $200,000-

$400,000 price range. However, sales over $400,000 only represented 5%

of total sales. “Moving forward, it appears home sales should pick-up in

2011”, stated Jim Waters, VP & Regional Manager of Lyon Real Estate. “We

should continue to see a large number of short sales and foreclosure

properties dominate the market place. Financing rates have remained stable

and that should help to drive the market in the coming months.”

TRENDGRAPHIX’s latest report shows that sales increased 5 percent

during the month of December for the Tri-County region of Sacramento,

Placer and El Dorado Counties. December 2010 sales were 11 percent lower

than December 2009 sales. Pending sales increased by 16 percent from

November to December 2010.

December 2010 inventory of 7908 homes for sale is 43 percent higher

than December 2009 inventory. This is a 49 percent decrease for the

regional inventory record high of 15,357 set in August 2007.

COUNTY HIGHS AND LOWS

Sacramento County sales increased 9 percent from November to

December 2010. Inventory decreased 3 percent during the month of

December. Pending sales increased by 17 percent in the month of

December. 59 percent of the homes sold for under $200,000; 36 percent of

the homes sold for between $200,000 and $400,000; and 5 percent of the

homes sold for over $400,000. The average price per square foot decreased

0.8 percent during the month of December to $117.

Placer County sales increased by 2 percent and inventory decreased

by 4 percent during the month of December 2010. Pending sales increased

by 15 percent from November to December. 20 percent of the homes sold

for under $200,000; 59 percent of the homes sold for between $200,000

and $400,000; and 20 percent of the homes sold for over $400,000. The

average price per square foot decreased by 4 percent during the month of

December to $138.

El Dorado County sales decreased by 17 percent, and the inventory

decreased by 7 percent from November to December. Pending sales have

increased 12 percent during the month of December. 29 percent of the

homes sold for under $200,000; 42 percent of the homes sold for between

$200,000 and $400,000; and 30 percent of the homes sold for over

$400,000. The average price per square foot remained the same during the

month of December at $138.

Yolo County sales increased by 37 percent for December 2010 and

the inventory decreased by 5 percent. Pending sales increased 13 percent

during the month of December. 36 percent of the homes sold for under

$200,000; 47 percent of the homes sold for between $200,000 and

$400,000; and 18 percent of the homes sold for over $400,000. The

average price per square foot increased 3 percent during the month of

December to $144.

Nevada County sales have increased by 37 percent during the month

of December, and inventory decreased 11 percent. Pending sales decreased

by 10 percent. 22 percent of homes sold for under $200,000; 62 percent of

the homes sold for between $200,000 and $400,000; and 16 percent of the

homes sold for over $400,000. The average price per square foot decreased

by 11 percent during the month of December to $151.

San Joaquin County sales have increased by 8 percent during the

month of December, and inventory decreased by 3 percent in December.

Pending sales increased 19 percent. 68 percent of the homes sold for under

$200,000; 29 percent of the homes sold for between $200,000 and

$400,000; and 3 percent of the homes sold for over $400,000. The average

price per square foot decreased 4 percent during the month of December to

$94.

Sacramento pricing trends since 2001

Sacramento Market Data

2010 Market recap and 2011 outlook

2010 Market recap and 2011 outlook

TRENDGRAPHIX MONTHLY REAL ESTATE REPORT

TRENDGRAPHIX MONTHLY REAL ESTATE REPORT
BROUGHT TO YOU BY
Lyon Real Estate

3640 American River Drive, Suite 100, Sacramento, CA 95864

F O R I M M E D I A T E R E L E A S E
November 18, 2010
CONTACTS: Jim Waters
Senior Vice President
(916) 484-3600
JaCi M Wallace
Regional Sales Manager
(916) 552-7231

Pending Sales now at a steady 4-Month Climb

Our four-county region of El Dorado, Placer, Sacramento and Yolo has seen a steady increase in pending sales over the past four months. In October alone, pending sales increased by 22%, a substantial amount over September. “There are two important elements attributing to the steady increase in our local marketplace: low prices, especially those homes priced below $200,000 (57 % of the October Sacramento sales) and historically low interest rates in the 4% range,” stated JaCi Wallace, Regional Manager, Lyon Real Estate. In the following counties the pending sales for the price range between the $300,000- $400,000 was higher than the previous months; El Dorado with 44%, Placer 51% and Yolo 52%. “It is also possible that pending sales are picking up steam as the short sale process becomes more streamlined and approvals are generated faster,” continues Wallace.
Short sales accounted for 33% all single family homes for sale in our regional area in October. “Although sales can typically decline in November and December, we may see a slight jump in closed sales through the end of the year due to the continued rise in pending sales numbers,” stated Wallace. “Also, the REO market has seen the gap between list price and sales price narrowing considerably, indicating that banks are pricing inventory more realistically.”
Inventory has increased steadily over a 14 month period, with only a slight dip in October, thus giving buyers more choices. Therefore, homebuyers are taking longer to make decisions and are viewing a larger number of homes before buying. This is true in almost every market except the $750,000 price range and above. The number of homes for sale in the $750,000 price range has dropped to 496 homes, the lowest inventory in 15 months. However, the price per square foot for homes over $750,000 has increased in the four-county region by 31% over September 2010 from $197 per square foot to $248 per square foot in October.
TRENDGRAPHIX’s latest report shows that sales decreased 10 percent during the month of October for the Tri-County region of Sacramento, Placer and El Dorado Counties. October 2010 sales were 24 percent lower than October 2009 sales. Pending sales increased by 22 percent from September to October 2010.
October 2010 inventory of 8,556 homes for sale is 48 percent higher than October 2009 inventory. This is a 44 percent decrease for the regional inventory record high of 15,302 set in August 2007.

COUNTY HIGHS AND LOWS

Sacramento County sales decreased 9 percent from September to October 2010. Inventory remained the same during the month of October. Pending sales increased by 22 percent in the month of October. 57 percent of the homes sold for under $200,000; 37 percent of the homes sold for between $200,000 and $400,000; and 6 percent of the homes sold for over $400,000. The average price per square foot increased 3 percent during the month of October to $121.

Placer County sales decrease by 19 percent and inventory decreased by 2 percent during the month of October 2010. Pending sales increased by 20 percent from September to October. 4 percent of the homes sold for under $200,000; 51 percent of the homes sold for between $200,000 and $400,000; and 45 percent of the homes sold for over $400,000. The average price per square foot increased by 4 percent during the month of October to $147.

El Dorado County sales increased by 1 percent, and the inventory decreased by 8 percent from September to October. Pending sales have increased 31 percent during the month of October. 30 percent of the homes sold for under $200,000; 44 percent of the homes sold for between $200,000 and $400,000; and 26 percent of the homes sold for over $400,000. The average price per square foot decreased 2 percent during the month of October to $145.

Yolo County sales decreased by 14 percent for October 2010 and while the inventory remained the same at 564. Pending sales increased 20 percent during the month of October. 38 percent of the homes sold for under $200,000; 52 percent of the homes sold for between $200,000 and $400,000; and 10 percent of the homes sold for over $400,000. The average price per square foot decreased 1 percent during the month of October to $145.

Nevada County sales have decreased by 2 percent during the month of October, and inventory decreased 6 percent. Pending sales increased by 5 percent. 7 percent of homes sold for under $200,000; 60 percent of the homes sold for between $200,000 and $400,000; and 33 percent of the homes sold for over $400,000. The average price per square foot decreased by 2 percent during the month of October to $165.

San Joaquin County sales have decreased by 14 percent during the month of October, and inventory decreased by 3 percent in October. Pending sales increased 22 percent. 37 percent of the homes sold for under $200,000; 53 percent of the homes sold for between $200,000 and $400,000; and 10 percent of the homes sold for over $400,000. The average price per square foot decreased 1 percent during the month of October to $99.
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About Trendgraphix, Inc.
Trendgraphix, Inc. is a real estate reporting company based in Sacramento that uses local MLS data to provide highly-visual market statistical graphs to real estate brokers, agents, and MLS/Realtor associations across the USA. Trendgraphix's programs are currently used by tens of thousands of agents in more than 100 brokerages in 18 U.S. states. For more information visit www.TrendGraphix.com or email mcarter@trendgraphix.com

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