Thursday, February 19, 2009

Below is the monthly press release that our company provides. It is based on actual sales and inventory data in Sacramento County and the surrounding areas. You can find a place on our website(http://andreaandterry.com) where you can view multiple charts in different price ranges and neighborhoods. Just click on the Pricing Trends link on the home page.

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
February 17, 2009
CONTACT: Michael Lyon
CEO
(916) 978-4266
FAX (916) 481-7592

No Help for High End Homes

“Unlike for the entry-level housing market that is enjoying low interest rates and high demand, the government has not come to the rescue of the high end market,” said Michael Lyon, CEO of Lyon Real Estate. “Buyers looking at homes priced above $750,000 are short on choice for lenders and loan options. As a result, standing inventory levels in the high end are now above two years and growing.”
TRENDGRAPHIX’s latest report shows that sales decreased 26 percent during the month of January for the Tri-County region of Sacramento, Placer and El Dorado Counties. January 2009 sales were 66 percent higher than January 2008 sales. Pending sales increased by 20 percent from December 2008 to January 2009.
January 2009 inventory of 8,397 homes for sale is 34 percent lower than January 2008 inventory. This is a 45 percent decrease for the regional inventory record high of 15,302 set in August 2007.

COUNTY HIGHS AND LOWS
Sacramento County sales decreased 26 percent from December 2008 to January 2009. Inventory decreased 7 percent during the month of January. Pending sales increased by 19 percent in the month of January. 60 percent of the homes sold for under $200,000; 35 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 by 4 percent during the month of January to $116.

Placer County sales decreased by 25 percent and inventory decreased by 6 percent during the month of January 2009. Pending sales increased by 18 percent from December to January. 15 percent of the homes sold for under $200,000; 68 percent of the homes sold for between $200,000 and $400,000; and 17 percent of the homes sold for over $400,000. The average price per square foot decreased 1 percent during the month of January at $148.

El Dorado County showed a 24 percent decrease in sales from December to January, and the inventory decreased by 4 percent from December to January. Pending sales have increased 48 percent during the month of January. 22 percent of the homes sold for under $200,000; 39 percent of the homes sold for between $200,000 and $400,000; and 39 percent of the homes sold for over $400,000. The average price per square foot decreased by 1 percent during the month of January to $162.

Yolo County showed a 47 percent decrease in sales for January and the inventory decreased by 1 percent. Pending sales increased 36 percent during the month of January. 32 percent of the homes sold for under $200,000; 51 percent of the homes sold for between $200,000 and $400,000; and 17 percent of the homes sold for over $400,000. The average price per square foot decreased by 3 percent during the month of January to $148.

Nevada County sales have decreased by 16 percent during the month of January, and inventory decreased 6 percent. Pending sales increased by 32 percent. 0 percent of the homes sold for under $200,000; 41 percent of the homes sold for between $200,000 and $400,000; and 59 percent of the homes sold for over $400,000. The average price per square foot decreased by 1 percent during the month of January at $192.

San Joaquin County sales have decreased by 22 percent during the month of January, and inventory decreased 9 percent from December to January. Pending sales are up 20 percent. 47 percent of the homes sold for under $200,000; 44 percent of the homes sold for between $200,000 and $400,000; and 9 percent of the homes sold for over $400,000. The average price per square foot decreased 4 percent to $97 in January.

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