Andrea and Terry's Sacramento Real Estate Blog

Trendgraphix Monthly Real Estate Report

2011-02-14T14:38:00.000-08:00

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

2011-02-01T13:05:00.000-08:00

Sacramento Market Data

2010 Market recap and 2011 outlook

2011-02-01T12:47:00.000-08:00

2010 Market recap and 2011 outlook

TRENDGRAPHIX MONTHLY REAL ESTATE REPORT

2010-11-18T10:58:00.000-08:00

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

10 reasons you should buy a home now !!!!!!!!!!!

2010-10-19T09:44:00.001-07:00

Sacramento real estate trends - last ten years

2010-10-18T15:11:00.000-07:00

Bank America resumes foreclosures

2010-10-18T15:08:00.001-07:00

2010 - 2011 Housing Market Forecast

2010-10-13T15:15:00.000-07:00

Here is a link to a great report from the chief economist at the California Association of Realtors. Enjoy...

Bank of America to Halt Foreclosures Nationwide - DailyFinance

2010-10-09T16:40:00.000-07:00

Bank of America to Halt Foreclosures Nationwide - DailyFinance

Price Trends - No REO or Short Sale Properties

2010-01-13T12:40:00.000-08:00

Home sales rise 9.4 percent in September - Real estate- msnbc.com

2009-10-23T13:01:00.000-07:00

Home sales rise 9.4 percent in September - Real estate- msnbc.com

Foreclosure flood fails to materialize in Sacramento area - Sacramento News - Local and Breaking Sacramento News | Sacramento Bee

2009-10-16T09:52:00.001-07:00

Foreclosure flood fails to materialize in Sacramento area - Sacramento News - Local and Breaking Sacramento News | Sacramento Bee

Posted using ShareThis

Housing News

2009-09-22T11:34:00.000-07:00

Home prices creep higher
But the values of US homes aren't as high as expected.
Posted by Elizabeth Strott on Tuesday, September 22, 2009 10:49 AM
Prices for U.S. homes rose by 0.3% in July from June, the Federal Housing Finance Agency reported today, the third monthly gain in a row.

The first-time homebuyer tax credit helped lift prices in July after June prices were revised down to a 0.1% gain from a previously reported 0.5% increase. Economists had expected a 0.5% gain in July home prices.

Prices were down 4.2% from July 2008 and were down 10.5% from the housing market's peak in April 2007. Prices in July were at the same level as March 2005.

Five of nine regions in the U.S. saw price increases, with a 1.6% gain in the Pacific region leading the way. On a year-over-year basis, that region saw prices fall 9%.

The biggest monthly drop was in the East South Central states, which include Kentucky, Tennessee, Mississippi and Alabama. That region saw prices fall 0.9% in July.

"Mortgage rates have come back down, and demand for homes remains high," Brian Bethune, the chief financial economist of IHS Global Insight, told Bloomberg News. "There are a lot of positives in housing right now."

Monthly Real Estate Report

2009-06-01T14:11:00.000-07:00

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
May 11, 2009
CONTACT: Michael Lyon
CEO
(916) 978-4266
FAX (916) 481-7592

Short Sales on the Increase

“In a reaction to REO inventories now below one month’s supply, more buyers are turning to short-sales in hopes of snagging the home of their dreams. Relatively, the price-per-foot is on the rise in Sacramento, Placer and Yolo counties, although we are still seeing declines in price-per-foot for El Dorado and Nevada counties. The 8% jump in Pended sales over last month reflects strong buyer demand however, with short-sales having only a 25% successful closing rate, we may not see the same result in future closed transactions. Even the Non-REO inventories have dropped down to a 4 months’ supply which is very different from last year at this time when we had 9 months supply of inventory. We still anticipate large numbers of REO properties to enter the market in late spring but if they are spread out and absorbed quickly there is the real possibility that prices under $200,000 have seen the bottom.”

TRENDGRAPHIX’s latest report shows that sales decreased 7 percent during the month of April for the Tri-County region of Sacramento, Placer and El Dorado Counties. April 2009 sales were 3 percent higher than April 2008 sales. Pending sales increased by 7 percent from March to April 2009.
April 2009 inventory of 6,821 homes for sale is 42 percent lower than April 2008 inventory. This is a 55 percent decrease for the regional inventory record high of 15,302 set in August 2007.

COUNTY HIGHS AND LOWS
Sacramento County sales decreased 7 percent from March to April 2009. Inventory decreased 17 percent during the month of April. Pending sales increased by 5 percent in the month of April. 62 percent of the homes sold for under $200,000; 32 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 by 2 percent during the month of April to $115.

Placer County sales decreased by 8 percent and inventory decreased by 5 percent during the month of April 2009. Pending sales increased by 6 percent from March to April. 11 percent of the homes sold for under $200,000; 66 percent of the homes sold for between $200,000 and $400,000; and 23 percent of the homes sold for over $400,000. The average price per square foot increased 1 percent during the month of April at $150.

El Dorado County showed a 5 percent decrease in sales from March to April, and the inventory decreased by 1 percent from March to April. Pending sales have increased 31 percent during the month of April. 22 percent of the homes sold for under $200,000; 46 percent of the homes sold for between $200,000 and $400,000; and 32 percent of the homes sold for over $400,000. The average price per square foot decreased by 8 percent during the month of April to $150.

Yolo County showed a 16 percent decrease in sales for April and the inventory decreased by 9 percent. Pending sales increased 18 percent during the month of April. 39 percent of the homes sold for under $200,000; 44 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 increased by 9 percent during the month of April to $153.

Nevada County sales have increased by 67 percent during the month of April, and inventory increased 5 percent. Pending sales increased by 16 percent. 5 percent of the homes sold for under $200,000; 30 percent of the homes sold for between $200,000 and $400,000; and 65 percent of the homes sold for over $400,000. The average price per square foot decreased by 2 percent during the month of April at $185.

San Joaquin County sales have increased by 1 percent during the month of April, and inventory decreased 23 percent from March to April. Pending sales are down 2 percent. 51 percent of the homes sold for under $200,000; 40 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 remained the same at $91 in April.

Great opportunities

2009-03-25T11:26:00.000-07:00

I was out in Roseville yesterday showing property in the $100k range. There are some tremendous opportunities in our current market for investors and first time home buyers. It is a very interesting time for the California real estate market.

Monthly Trendgraphix Real Estate Report

2009-03-25T11:17:00.000-07:00

Some interesting statistical data about our market..

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
March 9, 2009
CONTACT: Michael Lyon
CEO
(916) 978-4266
FAX (916) 481-7592

Banked Owned Inventory Declines 20%

“Bank-Owned (REO) Inventory has declined 40% and ‘Solds’ have increased 84% since February 2008,” said Michael Lyon, CEO of Lyon Real Estate. “There has been a 20% drop in REO inventory in just the last 30 days in our region. With state moratoriums and enticements of federal aid, the general feeling is that a lot of REO inventory has been delayed entering the market. Meanwhile, the non-REO market above $500k has seen a 6% increase in inventory and a 37% drop in sales, when comparing February over January 2009. It’s likely that financing constraints are now affecting upper-end market sales and inventory.”

TRENDGRAPHIX’s latest report shows that sales decreased 5 percent during the month of February for the Tri-County region of Sacramento, Placer and El Dorado Counties. February 2009 sales were 44 percent higher than February 2008 sales. Pending sales increased by 4 percent from January to February 2009.
February 2009 inventory of 8,136 homes for sale is 35 percent lower than February 2008 inventory. This is a 47 percent decrease for the regional inventory record high of 15,302 set in August 2007.

COUNTY HIGHS AND LOWS
Sacramento County sales decreased 4 percent from January to February 2009. Inventory decreased 5 percent during the month of February. Pending sales increased by 3 percent in the month of February. 61 percent of the homes sold for under $200,000; 33 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 decreased by 1 percent during the month of February to $115.

Placer County sales decreased by 14 percent and inventory increased by 2 percent during the month of February 2009. Pending sales increased by 7 percent from January to February. 10 percent of the homes sold for under $200,000; 65 percent of the homes sold for between $200,000 and $400,000; and 25 percent of the homes sold for over $400,000. The average price per square foot increased 1 percent during the month of February at $149.

El Dorado County showed a 13 percent increase in sales from January to February, and the inventory decreased by 1 percent from January to February. Pending sales have increased 4 percent during the month of February. 18 percent of the homes sold for under $200,000; 49 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 increased by 2 percent during the month of February to $165.

Yolo County showed a 12 percent decrease in sales for February and the inventory decreased by 10 percent. Pending sales increased 18 percent during the month of February. 46 percent of the homes sold for under $200,000; 47 percent of the homes sold for between $200,000 and $400,000; and 7 percent of the homes sold for over $400,000. The average price per square foot decreased by 12 percent during the month of February to $128.

Nevada County sales have decreased by 9 percent during the month of February, and inventory increased 6 percent. Pending sales decreased by 10 percent. 7 percent of the homes sold for under $200,000; 48 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 decreased by 4 percent during the month of February at $188.

San Joaquin County sales have decreased by 18 percent during the month of February, and inventory decreased 8 percent from January to February. Pending sales are up 3 percent. 48 percent of the homes sold for under $200,000; 43 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 1 percent to $96 in February.

Economic Forecast for California Real Estate

2009-03-10T10:51:00.000-07:00

We attended our March main meeting at the Sacramento Association of Realtors last week. The guest speaker was Leslie Appleton - Young, the chief economist for the California Association of Realtors. It was a very sobering report but did provide some hope for a light at the end of the tunnel. We have gone through approximately 80% of our current foreclosure inventory. That is good news. There are more on the way however. According to the reports Sacramento was one of the first areas to be hit and will be one of the first to recover- Yeah. I have attached a link to her power point presentation below. Even with all the negative news this is still a tremendous time for first time homebuyers to purchase an affordable property or for investors who are looking for rentals. Interest rates are great.

http://www.sacrealtor.org/documents/events/03-03-09sacto.ppt

"Property of the Week"

2009-02-26T16:41:00.000-08:00

This little gem is right down the street from Sierra Oaks Elementary School (k-8) in the heart of Sierra Oaks - one of Sacramentos finest neighborhoods. This house has 4 bedrooms and 2 1/2 baths. Clean and ready to move into. This is a great opportunity to get in to Sierra Oaks. It is listed at $550,000. Interested? Contact us for more information or to arrange a private showing.

Golf Day

2009-02-26T15:56:00.000-08:00

What a great day. After all this rain the weather was perfect today. Played a fun outing at Ancil Hoffman with the mens club. Fun format - had a blast. Back to work now looking for our next "Property of the Week".

2009-02-20T13:05:00.000-08:00

This is our "Property of the Week". This beautiful South Land Park home has been tastefully remodeled and is a 10 inside. Beautiful and open kitchen with high quality stainless steel appliances. Gorgeous hardwood floors. This is one of the nicest homes we have seen in awhile. It has only been on the market 2 days.
6016 13th Street
3 or 4 bedrooms-2 baths
Approximately 1815 sq.ft.
Offered at $555,000

Call us for details or a private showing- 916-616-6622

2009-02-19T14:12:00.000-08:00

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.

2009-02-11T11:48:00.000-08:00

This is my first post. I am sitting at my desk(having just created this blog) and wondering what to post. We are going to share our favorite houses(for sale) every week. We specialize in the Arden/East Sacramento areas so most of the properties that we highlight will be in those areas. However we will post anything we come across that is interesting.