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Posts Tagged ‘el dorado county’

Pended Sales Rebound

Wednesday, July 21st, 2010

TRENDGRAPHIX’s latest report shows a 38% increase in pended sales for the month of June for the four-county region of Sacramento, Placer, El Dorado and Yolo Counties. This increase was surprising; especially given the 12% decline in pended sales the previous month. Seeing such a steep increase in sales in conjunction with increasing inventory and flat prices is not common. “We can only attribute this to 50 year lows in interest rates and well priced inventory,” stated Michael Lyon, CEO - Lyon Real Estate. “Most sellers realize that only aggressively priced properties are selling now; which is giving buyers a lot of options. This latest jump in pended sales is yet another recovery step towards stable housing prices.”

The June Trendgraphix report also shows that closed sales decreased 2% during the month of June for the four-county region of Sacramento, Placer, El Dorado and Yolo Counties; and June 2010 sales were 2% lower than June 2009. June 2010 inventory of 7,529 homes for sale is 4% higher than June 2009 inventory, representing a 51% decrease from the regional inventory record high of 15,302 homes for sale set in August 2007.

COUNTY HIGHS AND LOWS

Sacramento County sales decreased 3 percent from May to June 2010. Inventory increased 8 percent during the month of June. Pending sales increased by 42 percent in the month of June. 52 percent of the homes sold for under $200,000; 41 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 2 percent during the month of June to $125.

Placer County sales increased by 5 percent and inventory increased by 8 percent during the month of June 2010. Pending sales increased by 25 percent from May to June. 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 decreased by 1 percent during the month of June to $146.

El Dorado County sales decreased by 1 percent from May to June, and the inventory increased by 7 percent from May to June. Pending sales have increased 43 percent during the month of June. 21 percent of the homes sold for under $200,000; 39 percent of the homes sold for between $200,000 and $400,000; and 40 percent of the homes sold for over $400,000. The average price per square foot increased 1 percent during the month of June to $153.

Yolo County sales decreased by 15 percent for June 2010 and the inventory increased by 2 percent. Pending sales increased 37 percent during the month of June. 24 percent of the homes sold for under $200,000; 48 percent of the homes sold for between $200,000 and $400,000; and 28 percent of the homes sold for over $400,000. The average price per square foot increased 6 percent during the month of June to $171.

Nevada County sales have increased by 48 percent during the month of June, and inventory increased 9 percent. Pending sales decreased by 17 percent. 5 percent of homes sold for under $200,000; 48 percent of the homes sold for between $200,000 and $400,000; and 47 percent of the homes sold for over $400,000. The average price per square foot increased by 9 percent during the month of June to $190.

San Joaquin County sales have increased by 4 percent during the month of June, and inventory increased by 9 percent in June. Pending sales increased 34 percent. 38 percent of the homes sold for under $200,000; 50 percent of the homes sold for between $200,000 and $400,000; and 12 percent of the homes sold for over $400,000. The average price per square foot decreased 2 percent during the month of June to $101.

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Posted in Streamline(k), Uncategorized, VITEK Mortgage Group, tax credit | No Comments »

15% Increase in Values on Homes Under $200,000

Wednesday, June 16th, 2010

The median price for homes in the five-county area of Sacramento, Placer, El Dorado, Nevada and Yolo increased 1% from April to May, also representing a 3% increase over the last 12 months in all price-points. Additionally, homes under $200,000 have seen their price-per-square-foot values increase 15% in the last 12 months. “This very large increase is due to an overall inventory shortage as well as record-low interest rates,” stated Michael Lyon, CEO, Lyon Real Estate. “The majority of all sales are occurring under the $300,000 threshold; however, due to significant price-reductions, we are starting to see an increase in sales in the $500,000+ upper-end market.”

TRENDGRAPHIX’s latest report shows that sales increased 6 percent during the month of May for the Tri-County region of Sacramento, Placer and El Dorado Counties. May 2010 sales were the same than May 2009 sales. Pending sales decreased by 10 percent from April to May 2010.

May 2010 inventory of 7,229 homes for sale is 10 percent lower than May 2009 inventory. This is a 53 percent decrease for the regional inventory record high of 15,302 set in August 2007.

COUNTY HIGHS AND LOWS

Sacramento County sales increased 8 percent from April to May 2010. Inventory increased 8 percent during the month of May. Pending sales decreased by 14 percent in the month of May. 55 percent of the homes sold for under $200,000; 39 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 2 percent during the month of May to $127.

Placer County sales increased by 5 percent and inventory increased by 1 percent during the month of May 2010. Pending sales increased by 5 percent from April to May. 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 1 percent during the month of May to $149.

El Dorado County sales remained the same from April to May, and the inventory increased by 6 percent from April to May. Pending sales have decreased 11 percent during the month of May. 18 percent of the homes sold for under $200,000; 50 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 1 percent during the month of May to $153.

Yolo County sales increased by 14 percent for May 2010 and the inventory increased by 5 percent. Pending sales decreased 3 percent during the month of May. 22 percent of the homes sold for under $200,000; 52 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 increased 3 percent during the month of May to $163.

Nevada County sales have decreased by 15 percent during the month of May, and inventory increased 8 percent. Pending sales decreased by 29 percent. No homes sold for under $200,000; 49 percent of the homes sold for between $200,000 and $400,000; and 51 percent of the homes sold for over $400,000. The average price per square foot increased by 4 percent during the month of May to $175.

San Joaquin County sales have decreased by 10 percent during the month of May, and inventory increased by 10 percent in May. Pending sales decreased 9 percent. 36 percent of the homes sold for under $200,000; 52 percent of the homes sold for between $200,000 and $400,000; and 12 percent of the homes sold for over $400,000. The average price per square foot increased 2 percent during the month of May to $103.

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Posted in Uncategorized, VITEK Mortgage Group | No Comments »

Tons of Pending Escrows but Closings Slow

Monday, May 10th, 2010

TRENDGRAPHIX’s latest report shows that sales decreased 12% during the month of April for the Tri-County region of Sacramento, Placer and El Dorado Counties; which is 13% lower than April 2009 sales. However, pending sales increased by 34% from March to April 2010.

“Industry experts really have no explanation as to why so many closings were pushed from April into May”, said Michael Lyon, CEO-Lyon Real Estate. “The rate of new sales continues to accelerate, but this increase is not represented in all price-points. When looking at the Months of Inventory per Price Bracket statistics, it shows that lower priced properties have too little inventory and high priced properties have too much.”

Price Months of Inventory based on Closed Sales
0 - $200,000                     2 months
$200,000 - $400,000         3.5 months
$400,000 - $750,000         6.5 months
$750,000 +                       20 months

April 2010 inventory of 6,802 homes for sale is 20% lower than April 2009 inventory. This represents a 56% decrease from the regional inventory record high of 15,302 set in August 2007.

COUNTY HIGHS AND LOWS

Sacramento County sales decreased 15 percent from March to April 2010. Inventory increased 2 percent during the month of April. Pending sales increased by 34 percent in the month of April. 56 percent of the homes sold for under $200,000; 39 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 increased 3 percent during the month of April to $125.

Placer County sales decreased by 12 percent and inventory increased by 7 percent during the month of April 2010. Pending sales increased by 30 percent from March to April. 5 percent of the homes sold for under $200,000; 47 percent of the homes sold for between $200,000 and $400,000; and 48 percent of the homes sold for over $400,000. The average price per square foot increased by 1 percent during the month of April to $148.

El Dorado County showed an 8 percent increase in sales from March to April, and the inventory increased by 8 percent from March to April. Pending sales have increased 31 percent during the month of April. 21 percent of the homes sold for under $200,000; 48 percent of the homes sold for between $200,000 and $400,000; and 31 percent of the homes sold for over $400,000. The average price per square foot increased 1 percent during the month of April to $154.

Yolo County sales decreased by 1 percent for April 2010 and the inventory increased by 10 percent. Pending sales increased 18 percent during the month of April. 35 percent of the homes sold for under $200,000; 48 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 3 percent during the month of April to $160.

Nevada County sales have decreased by 5 percent during the month of April, and inventory increased 7 percent. Pending sales increased by 77 percent. 8 percent of the homes sold for under $200,000; 49 percent of the homes sold for between $200,000 and $400,000; and 43 percent of the homes sold for over $400,000. The average price per square foot decreased by 7 percent during the month of April to $170.

San Joaquin County sales have decreased by 10 percent during the month of April, and inventory remained at 1766 in April. Pending sales increased 22 percent. 38 percent of the homes sold for under $200,000; 51 percent of the homes sold for between $200,000 and $400,000; and 11 percent of the homes sold for over $400,000. The average price per square foot increased 2 percent during the month of April to $101.

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Posted in Uncategorized, VITEK Mortgage Group | No Comments »