Northern CA's premier residential market report directed at answering the questions "where are we now?", and "what direction is the market headed- up or down?".
Residential Real Estate market update covering the Macro Economy and its influence on local real estate markets. Designed to assist investors to make informed decision, and move forward with confidence.
Residential real estate market report. Review of current Macro market trends and their potential affects on real estate markets. Focus on Northern CA counties including Sacramento, El Dorado, Placer, Yolo & San Joaquin.
The Wright Report is perfect bathroom reading to help understand local real estate. Well, maybe for some. This is a very detailed report to unpack the housing market in Northern California as well as other national economic influences. What is making value move? And where have values been moving? Compiled by Real Estate Broker Joel Wright (and yours truly contributed a couple pages). Counties covered include: Sacramento, Placer, Yolo, El Dorado & San Joaquin.
This document provides a summary of the top 10 real estate markets in the United States for investment based on forecasts for price appreciation and future job growth. It lists McAllen, Texas as the top market, followed by Las Vegas, Nevada and Colorado Springs, Colorado. For each market it provides data on population, housing prices, unemployment rates, job growth forecasts, median sales prices, and 3-year and 5-year home appreciation forecasts. The document is from Norada Real Estate Investments and is analyzing housing market conditions and investment opportunities.
Annie Williams Real Estate Report - Dec 2015Jon Weaver
- Housing affordability in California is expected to experience long-term issues due to high home prices, not enough homes being built, and rising rents making it difficult for many to save for a down payment.
- In many California markets, including the San Francisco Bay Area and Southern California, the luxury home market remains active with Asian buyers continuing to fuel demand. However, overall home sales are down while prices continue rising.
- A lack of housing inventory is seen as a key factor sustaining high home prices in San Francisco, with the median home price rising 13% year-over-year and staying over $1 million for most of the past two years.
Annie Williams Real Estate Market Trends Aug/Sep 2013Jon Weaver
The document summarizes local real estate market trends in San Francisco. It reports that median condo prices rose 10.3% month-over-month and 24.6% year-over-year in July. Condo sales were down 26.3% from June but up 18.9% year-over-year. Single-family home sales were up 19.9% year-over-year in July, while the median price dipped 7.3% from June but rose 17.3% from the previous July. Mortgage closing costs have increased 6% over the past year due to low rates bringing more refinancing and new regulations. Foreclosure activity remained low with one notice of default and sale filed
June Phoenix East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix was still weighted towards buyers in June 2014, though not as strongly as the previous month. While housing demand declined in May, housing supply dropped at a slightly faster rate, keeping the market balanced. The number of active listings was up significantly from the previous year but down slightly from the month before. Median home sales prices were up around 8-9% from the prior year but some measures of high-end home prices dropped in May compared to April. The analyst expected sales and price appreciation rates to fluctuate but continue trending lower over the next 6-9 months.
Residential Real Estate market update covering the Macro Economy and its influence on local real estate markets. Designed to assist investors to make informed decision, and move forward with confidence.
Residential real estate market report. Review of current Macro market trends and their potential affects on real estate markets. Focus on Northern CA counties including Sacramento, El Dorado, Placer, Yolo & San Joaquin.
The Wright Report is perfect bathroom reading to help understand local real estate. Well, maybe for some. This is a very detailed report to unpack the housing market in Northern California as well as other national economic influences. What is making value move? And where have values been moving? Compiled by Real Estate Broker Joel Wright (and yours truly contributed a couple pages). Counties covered include: Sacramento, Placer, Yolo, El Dorado & San Joaquin.
This document provides a summary of the top 10 real estate markets in the United States for investment based on forecasts for price appreciation and future job growth. It lists McAllen, Texas as the top market, followed by Las Vegas, Nevada and Colorado Springs, Colorado. For each market it provides data on population, housing prices, unemployment rates, job growth forecasts, median sales prices, and 3-year and 5-year home appreciation forecasts. The document is from Norada Real Estate Investments and is analyzing housing market conditions and investment opportunities.
Annie Williams Real Estate Report - Dec 2015Jon Weaver
- Housing affordability in California is expected to experience long-term issues due to high home prices, not enough homes being built, and rising rents making it difficult for many to save for a down payment.
- In many California markets, including the San Francisco Bay Area and Southern California, the luxury home market remains active with Asian buyers continuing to fuel demand. However, overall home sales are down while prices continue rising.
- A lack of housing inventory is seen as a key factor sustaining high home prices in San Francisco, with the median home price rising 13% year-over-year and staying over $1 million for most of the past two years.
Annie Williams Real Estate Market Trends Aug/Sep 2013Jon Weaver
The document summarizes local real estate market trends in San Francisco. It reports that median condo prices rose 10.3% month-over-month and 24.6% year-over-year in July. Condo sales were down 26.3% from June but up 18.9% year-over-year. Single-family home sales were up 19.9% year-over-year in July, while the median price dipped 7.3% from June but rose 17.3% from the previous July. Mortgage closing costs have increased 6% over the past year due to low rates bringing more refinancing and new regulations. Foreclosure activity remained low with one notice of default and sale filed
June Phoenix East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix was still weighted towards buyers in June 2014, though not as strongly as the previous month. While housing demand declined in May, housing supply dropped at a slightly faster rate, keeping the market balanced. The number of active listings was up significantly from the previous year but down slightly from the month before. Median home sales prices were up around 8-9% from the prior year but some measures of high-end home prices dropped in May compared to April. The analyst expected sales and price appreciation rates to fluctuate but continue trending lower over the next 6-9 months.
Investment Outlook for Commercial Real Estate June 2015Lewei He
Foreign capital flows into US commercial real estate reached a record high in the first quarter of 2015, surpassing the previous record set in 2007. While job growth has slowed, real estate fundamentals remain healthy overall. Apartment prices and cap rates have continued to rise and compress, though some markets may have peaked in occupancy and rents. Industrial indicators point to moderate expansion in 2015, while trends in online retail will impact demand for warehouses and distribution facilities. Office absorption was lower than completions in the first quarter after being higher in previous years, and certain markets like Houston face rising vacancy risks if oil prices remain low. Retail sales volume was unchanged from a year ago despite challenges from online shopping that are transforming the sector.
Real Estate Market Trends in Miami-Dade and Broward CountiesShelia Gasson
In the very first TRENDS market report published in 2010, it is stated that the general mood at the time was a sense of cautious optimism. Fast-forward to 2015, the year-to-year improvement of the market has led South Florida to become one of the most sought-after residential destinations in the world. Miami was ranked the happiest city to work in by Forbes Magazine and is now considered one of the top ten cities that matter to ultra-high-net-worth investors. By the same token, Fort Lauderdale, a prime destination for yacht owners and boating connoisseurs, is experiencing great demand due to its many canals and waterfront living options.
The document discusses uncertainty in the housing market and its impact on sales in July. Key points:
1) Sales in the region were down 10% month-over-month and 4% from last July, with some cities like Hemet and Murrieta seeing even steeper declines.
2) Uncertainty appears to have caused the housing market to weaken earlier than usual, with the slowdown typically happening in September rather than July.
3) Prices held steady month-over-month despite the sales decline. Inventory rose slightly and properties stayed on the market longer.
4) The author expects continued uncertainty through the November election and for the housing market performance to remain unclear.
Washington DC Housing Market Continues to Grow into 2019, Real Estate Expert ...dhbwashingtondc
While the previous real estate recission negatively impacted Washington DC’s real estate prices, the years following the event made DC into one of the fastest growing cities in America. Emerging from the housing crisis and recession was one of Washington DC’s strongest real estate markets in decades.
This document provides a summary of key luxury real estate trends in 2017. It analyzed data from nearly 50 major US luxury markets ("Power Markets") to identify trends. The main trends were:
1) In many markets, record price increases from prior years leveled off to more historically sustainable growth as inventory rose 30% and demand settled.
2) Median luxury home prices decreased slightly from 2016 but increased up to 10% over the year. Sales decreased slightly but activity remained highest from April to June.
3) Days on market increased to 40-45 days, while sales prices to list prices rose to 98%, indicating the luxury market is adjusting to a "new normal" after explosive gains following the recession.
March Phoenix East Valley Real Estate Market reportLen Nevin
The real estate market in Phoenix, Arizona has shifted from a balanced market to a buyer's market. Active listings have increased by 55.6% from the previous year while pending listings are down 37.3% and monthly sales are down 16.7%. The report attributes the weak demand to changing demographics as millennials replace baby boomers, citing that millennials on average have higher student loan debt, lower earnings and net worth than previous generations. The author predicts the need for more affordable rental options in the medium term as millennials choose to rent over buying homes.
BoyarMiller Breakfast Forum: The Houston Commercial Real Estate Markets - Wha...BoyarMiller
The document summarizes presentations from a Houston commercial real estate breakfast forum on the state of various markets in 2013. It discusses trends in the residential, retail, office, industrial, and energy sectors. Residential is expected to become a seller's market as supply and demand balance out. Retail sales are recovering and new developments are planned. Office leasing will remain robust, especially in suburban areas. The industrial market will continue to see growth driven by the energy sector.
Gregg Carlson report sample California LV Strip Sept 18Gregg Carlson
1) Southern California is the largest feeder market for visitors to the Las Vegas Strip, supplying around 25-30% of visitors annually between 2004-2008.
2) Historical economic trends in Southern California like GDP, employment and income have tracked closely with visitation and spending levels on the Las Vegas Strip.
3) Both the Southern California and Las Vegas Strip economies have suffered significantly during the recent recession, with most economic indicators remaining negative in 2009. A recovery is not expected until late 2010 or 2011 according to forecasts.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
Concierge Auctions Luxury Homes Market IndexChad Roffers
Detailed report that covers the top 40 luxury real estate markets in the United States. Detailed analysis of the top 10 transactions in respective markets showing the true days on market and sale to original list price.
Survey of Realtor Perspectives on the Housing Market Nationally Heather McClaren
Winter weather lingered into February, dampening housing activity from year-ago levels according to a survey of 500 real estate agents across major US markets. The Buyer Traffic Index declined 11 points year-over-year to 37, up slightly from the prior month but below the historical average, with Phoenix, Dallas, and Washington DC seeing the largest drops in traffic. The Home Price Index rebounded to 51, indicating price increases after declines in prior months despite rising inventory, though affordable supply remains tight. Agents noted moderating demand from last year's robust levels and an uptick in builder incentives in some markets as buyers adopted a wait-and-see approach given expectations for ongoing rate stability.
Harris County Appraisal District market trends report Nandhish Varma
This document provides a market trends report for Harris County for 2016. It summarizes trends in the residential, commercial, industrial, and other real estate markets. For residential, inventory is up but still low, sales volume declined slightly year-over-year, and prices continued to rise. The commercial market saw job growth, though slower than previous years. Office vacancy may increase as oil companies sublet space. Overall, the report expects stability in the Houston economy despite challenges from low oil prices.
The quarterly report summarizes real estate market trends in the San Francisco Bay Area in the fourth quarter of 2015. Key points include:
- Average home sale prices rose year-over-year across all regions, with Marin County reaching a new record high average of $1.515 million.
- The luxury market (top 10% of homes) saw gains in all regions, with the Mid-Peninsula having the highest average sale of $4.631 million.
- Total sales in the Bay Area were strong at $8.014 billion, led by the East Bay which accounted for 58% of sales and 46% of total dollar volume.
California foreclosure expert Steve Dexter previews his April 5th 2008 seminar on foreclosures. To register for the seminar please visit www.womensinvestclub.com. Learn more about Steve Dexter at www.california-foreclosure-expert.com
Princeton Real Estate Market Presentation March 2017Weichert Realtors
Here is the slide deck from the Weichert, Princeton office Real Estate Market Update. Shows the Princeton area real estate trends and buyer and seller strategies for the 2017 market.
This document provides a real estate market analysis for Tierra Verde for the years 2007-2015. It analyzes sales data for the island broken into six segments: off-water flats, on-water flats, off-water townhomes, on-water townhomes, off-water single family homes, and on-water single family homes. In 2015, there were 139 total residential real estate sales on the island, a 8% decrease from 2014. The median and metrics are used rather than averages to account for the diverse property types. Overall sales dollar volume was down slightly in 2015 but higher than in previous years.
January East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix remained weak in December 2013, with sales much lower than the previous year. While active listings increased compared to January 2013, they decreased from the previous month. Pending listings also dropped significantly from the previous month and year. The report concludes that the cooling phase of the market has not finished and there is no evidence yet of a rebound in the spring market of 2014.
Top Rochester, NY Real Estate Communities | Realtors Irondequoit, NY | Real E...Kyle Hiscock
Irondequoit, NY is a one of the top notch real estate communities of the Greater Rochester, NY area. It is located northeast of downtown Rochester. A quick 10 minute drive and you'll be on Main Street, downtown Rochester. Affordable housing, great quality of life, and convenience make Irondequoit, NY a great place to live, work, and play as well as a top real estate community.
Wright Report: Northern CA Premier Residential Market Reportwrightrealestate
Northern California's premier residential market update covering Sacramento, Placer, El Dorado, Yolo & San Joaquin Counties. The Q3-Q4 2013 report discusses current trend from the U.S., California & County levels that affect the residential real estate markets today. It provides insights for investors and home owners alike to help them make informed decisions in the residential markets.
The document provides an overview and statistics on the residential real estate market in Northern California from January to June 2013. It includes commentary from experts in the Sacramento market, data on median home prices, inventory levels, and sales in Sacramento, Placer, El Dorado, Yolo and San Joaquin counties. The key points are that the market has seen large price increases over the last year but inventory is rising, and the recovery may be slowing as interest rates increase and demand remains steady.
This report summarizes the residential real estate market in Northern California from July to December 2012. It finds that the market is poised for large price increases due to two artificially created forces: historically low interest rates around 3.5% and historically low inventory around 3 weeks of homes for sale. This combination of low rates and supply is driving prices higher rapidly. The recovery is also supported by investors purchasing properties, a decline in foreclosures putting homes on the market, and government programs refinancing underwater homeowners, all reducing inventory levels. The market is shifting from a buyer's to a seller's market with many over-asking-price offers on each home.
Investment Outlook for Commercial Real Estate June 2015Lewei He
Foreign capital flows into US commercial real estate reached a record high in the first quarter of 2015, surpassing the previous record set in 2007. While job growth has slowed, real estate fundamentals remain healthy overall. Apartment prices and cap rates have continued to rise and compress, though some markets may have peaked in occupancy and rents. Industrial indicators point to moderate expansion in 2015, while trends in online retail will impact demand for warehouses and distribution facilities. Office absorption was lower than completions in the first quarter after being higher in previous years, and certain markets like Houston face rising vacancy risks if oil prices remain low. Retail sales volume was unchanged from a year ago despite challenges from online shopping that are transforming the sector.
Real Estate Market Trends in Miami-Dade and Broward CountiesShelia Gasson
In the very first TRENDS market report published in 2010, it is stated that the general mood at the time was a sense of cautious optimism. Fast-forward to 2015, the year-to-year improvement of the market has led South Florida to become one of the most sought-after residential destinations in the world. Miami was ranked the happiest city to work in by Forbes Magazine and is now considered one of the top ten cities that matter to ultra-high-net-worth investors. By the same token, Fort Lauderdale, a prime destination for yacht owners and boating connoisseurs, is experiencing great demand due to its many canals and waterfront living options.
The document discusses uncertainty in the housing market and its impact on sales in July. Key points:
1) Sales in the region were down 10% month-over-month and 4% from last July, with some cities like Hemet and Murrieta seeing even steeper declines.
2) Uncertainty appears to have caused the housing market to weaken earlier than usual, with the slowdown typically happening in September rather than July.
3) Prices held steady month-over-month despite the sales decline. Inventory rose slightly and properties stayed on the market longer.
4) The author expects continued uncertainty through the November election and for the housing market performance to remain unclear.
Washington DC Housing Market Continues to Grow into 2019, Real Estate Expert ...dhbwashingtondc
While the previous real estate recission negatively impacted Washington DC’s real estate prices, the years following the event made DC into one of the fastest growing cities in America. Emerging from the housing crisis and recession was one of Washington DC’s strongest real estate markets in decades.
This document provides a summary of key luxury real estate trends in 2017. It analyzed data from nearly 50 major US luxury markets ("Power Markets") to identify trends. The main trends were:
1) In many markets, record price increases from prior years leveled off to more historically sustainable growth as inventory rose 30% and demand settled.
2) Median luxury home prices decreased slightly from 2016 but increased up to 10% over the year. Sales decreased slightly but activity remained highest from April to June.
3) Days on market increased to 40-45 days, while sales prices to list prices rose to 98%, indicating the luxury market is adjusting to a "new normal" after explosive gains following the recession.
March Phoenix East Valley Real Estate Market reportLen Nevin
The real estate market in Phoenix, Arizona has shifted from a balanced market to a buyer's market. Active listings have increased by 55.6% from the previous year while pending listings are down 37.3% and monthly sales are down 16.7%. The report attributes the weak demand to changing demographics as millennials replace baby boomers, citing that millennials on average have higher student loan debt, lower earnings and net worth than previous generations. The author predicts the need for more affordable rental options in the medium term as millennials choose to rent over buying homes.
BoyarMiller Breakfast Forum: The Houston Commercial Real Estate Markets - Wha...BoyarMiller
The document summarizes presentations from a Houston commercial real estate breakfast forum on the state of various markets in 2013. It discusses trends in the residential, retail, office, industrial, and energy sectors. Residential is expected to become a seller's market as supply and demand balance out. Retail sales are recovering and new developments are planned. Office leasing will remain robust, especially in suburban areas. The industrial market will continue to see growth driven by the energy sector.
Gregg Carlson report sample California LV Strip Sept 18Gregg Carlson
1) Southern California is the largest feeder market for visitors to the Las Vegas Strip, supplying around 25-30% of visitors annually between 2004-2008.
2) Historical economic trends in Southern California like GDP, employment and income have tracked closely with visitation and spending levels on the Las Vegas Strip.
3) Both the Southern California and Las Vegas Strip economies have suffered significantly during the recent recession, with most economic indicators remaining negative in 2009. A recovery is not expected until late 2010 or 2011 according to forecasts.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
Concierge Auctions Luxury Homes Market IndexChad Roffers
Detailed report that covers the top 40 luxury real estate markets in the United States. Detailed analysis of the top 10 transactions in respective markets showing the true days on market and sale to original list price.
Survey of Realtor Perspectives on the Housing Market Nationally Heather McClaren
Winter weather lingered into February, dampening housing activity from year-ago levels according to a survey of 500 real estate agents across major US markets. The Buyer Traffic Index declined 11 points year-over-year to 37, up slightly from the prior month but below the historical average, with Phoenix, Dallas, and Washington DC seeing the largest drops in traffic. The Home Price Index rebounded to 51, indicating price increases after declines in prior months despite rising inventory, though affordable supply remains tight. Agents noted moderating demand from last year's robust levels and an uptick in builder incentives in some markets as buyers adopted a wait-and-see approach given expectations for ongoing rate stability.
Harris County Appraisal District market trends report Nandhish Varma
This document provides a market trends report for Harris County for 2016. It summarizes trends in the residential, commercial, industrial, and other real estate markets. For residential, inventory is up but still low, sales volume declined slightly year-over-year, and prices continued to rise. The commercial market saw job growth, though slower than previous years. Office vacancy may increase as oil companies sublet space. Overall, the report expects stability in the Houston economy despite challenges from low oil prices.
The quarterly report summarizes real estate market trends in the San Francisco Bay Area in the fourth quarter of 2015. Key points include:
- Average home sale prices rose year-over-year across all regions, with Marin County reaching a new record high average of $1.515 million.
- The luxury market (top 10% of homes) saw gains in all regions, with the Mid-Peninsula having the highest average sale of $4.631 million.
- Total sales in the Bay Area were strong at $8.014 billion, led by the East Bay which accounted for 58% of sales and 46% of total dollar volume.
California foreclosure expert Steve Dexter previews his April 5th 2008 seminar on foreclosures. To register for the seminar please visit www.womensinvestclub.com. Learn more about Steve Dexter at www.california-foreclosure-expert.com
Princeton Real Estate Market Presentation March 2017Weichert Realtors
Here is the slide deck from the Weichert, Princeton office Real Estate Market Update. Shows the Princeton area real estate trends and buyer and seller strategies for the 2017 market.
This document provides a real estate market analysis for Tierra Verde for the years 2007-2015. It analyzes sales data for the island broken into six segments: off-water flats, on-water flats, off-water townhomes, on-water townhomes, off-water single family homes, and on-water single family homes. In 2015, there were 139 total residential real estate sales on the island, a 8% decrease from 2014. The median and metrics are used rather than averages to account for the diverse property types. Overall sales dollar volume was down slightly in 2015 but higher than in previous years.
January East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix remained weak in December 2013, with sales much lower than the previous year. While active listings increased compared to January 2013, they decreased from the previous month. Pending listings also dropped significantly from the previous month and year. The report concludes that the cooling phase of the market has not finished and there is no evidence yet of a rebound in the spring market of 2014.
Top Rochester, NY Real Estate Communities | Realtors Irondequoit, NY | Real E...Kyle Hiscock
Irondequoit, NY is a one of the top notch real estate communities of the Greater Rochester, NY area. It is located northeast of downtown Rochester. A quick 10 minute drive and you'll be on Main Street, downtown Rochester. Affordable housing, great quality of life, and convenience make Irondequoit, NY a great place to live, work, and play as well as a top real estate community.
Wright Report: Northern CA Premier Residential Market Reportwrightrealestate
Northern California's premier residential market update covering Sacramento, Placer, El Dorado, Yolo & San Joaquin Counties. The Q3-Q4 2013 report discusses current trend from the U.S., California & County levels that affect the residential real estate markets today. It provides insights for investors and home owners alike to help them make informed decisions in the residential markets.
The document provides an overview and statistics on the residential real estate market in Northern California from January to June 2013. It includes commentary from experts in the Sacramento market, data on median home prices, inventory levels, and sales in Sacramento, Placer, El Dorado, Yolo and San Joaquin counties. The key points are that the market has seen large price increases over the last year but inventory is rising, and the recovery may be slowing as interest rates increase and demand remains steady.
This report summarizes the residential real estate market in Northern California from July to December 2012. It finds that the market is poised for large price increases due to two artificially created forces: historically low interest rates around 3.5% and historically low inventory around 3 weeks of homes for sale. This combination of low rates and supply is driving prices higher rapidly. The recovery is also supported by investors purchasing properties, a decline in foreclosures putting homes on the market, and government programs refinancing underwater homeowners, all reducing inventory levels. The market is shifting from a buyer's to a seller's market with many over-asking-price offers on each home.
The Southwest California housing market saw declines in sales and prices recently but hopes a traditional spring buying season will provide a boost. While sales were down 7% year-over-year, prior years saw an increase starting in March. Low inventory and high buyer qualifications continue to hamper the market. The region saw a 4% increase in inventory and 9% rise in days on market last month.
The document discusses a meeting of realtors where speakers explained the slow housing recovery, noting that recovery depends on one's financial position prior to the crisis. Younger generations are not buying homes as expected due to factors like student debt or preference to live at home. While local markets are improving, with sales and prices up, the national recovery remains uneven and hampered by restrictive lending and high unemployment.
- Home sales in 2014 are expected to hold steady at around 5.12 million units, similar to projected sales in 2013. Median home prices are forecast to rise nearly 6% in 2014 after an expected 11% increase in 2013.
- Inventory shortages continue to put upward pressure on home prices. Housing starts need to increase substantially to meet demand and alleviate the shortage.
- Mortgage rates are projected to rise through 2014, reaching over 5% by year-end, which will impact affordability. Job growth and potential easing of lending standards could offset higher rates.
- Inflation may start to rise in 2014 as the rent component increases, emphasizing the need for more new home construction to control price growth
Mortgage Closing Costs Rising - The Real Estate Report August/SeptemberAMSI, San Francisco
The Real Estate Report August/September, local market trends San Francisco: "Mortgage Closing Costs Rising" by AMSI's Real Estate Broker Robb Fleischer
The document discusses mixed signals in the housing market recovery based on recent economic data and housing reports. It begins by noting that March saw improvements in home sales and prices locally, but the overall outlook is mixed based on other articles. One article points to stalled consumer sentiment while another shows a surge in housing demand. Economic forecasts were revised down based on weaker-than-expected job growth numbers in March. The local real estate market saw a jump in home sales in March with reduced inventory and seller skepticism despite signs of a strong seller's market. The impact of potential water rate increases on the recovery is uncertain.
Autumn Buyers Guide
Do your property buying research without having to spend your whole weekend searching the web. This reference guide for home buyers and investors from ING Direct will quickly bring you up to speed on house and unit prices and suburb affordability across Australia.
This document provides a summary of real estate market trends in San Francisco for August/September 2014. Key points include:
- The median home price in San Francisco was $988,500 in August, up 1.2% year-over-year but down from July. Condo prices also declined slightly.
- Home and condo sales saw small declines compared to previous months but were up year-over-year. Inventory remains low while demand is high.
- Mortgage rates dipped slightly in recent weeks but are expected to remain stable overall.
- Foreclosure activity continued declining from previous years.
Annie Williams Market Trends June-July 2015Jon Weaver
- Home prices in San Francisco reached new all-time highs in April and May, with median single-family home prices up 22.7% year-over-year in April. Condo prices also set new records.
- Home sales were up year-over-year for the second month in a row in April and May, while condo sales were down slightly year-over-year.
- The tight inventory and high demand from tech industry buyers and foreign investors is expected to continue driving up prices in the San Francisco market.
E-book_The Ultimate Guide to Real Estate Investing in Orange County_SK Articl...Jason Townsend
The document provides guidance on real estate investing in Orange County, California. It discusses different types of investors, benefits of investing in real estate, and how to buy the best properties. Key steps include knowing your budget and affordability, researching neighborhoods, and treating real estate investing like a business to maximize profit potential from purchases and sales. The document also summarizes trends for the 2016 Orange County real estate market, such as increasing interest rates, job growth, reduced investor interest, and rising rents.
Annie Williams Market Trends Nov-Dec 2013Jon Weaver
Annie Williams is a real estate agent in San Francisco who publishes a monthly real estate report. The October 2013 report showed that median home prices in SF rose 9.2% year-over-year to $911,944, though the rate of price increases has slowed. Condo prices rose 13.2% to a record high. Home sales fell 4% while condo sales rose 19.3%. Mortgage rates are expected to rise in the coming weeks as economic data improves. Foreclosures continue to fall significantly in SF with notices of default down 65.9% and homes owned by banks down 43.4% from a year ago.
The document discusses the state of the housing market in California. It notes that while prices rose quickly in 2013, driven by low inventory and investors, the market may be reaching a tipping point. Rising mortgage rates have slowed buyer demand and impacted affordability. However, inventory levels are starting to increase, and investors are playing a smaller role. While interest rates caused pause, the recovery is expected to continue as buyers adjust to new market conditions. The recovery is moving toward a more sustainable pace led by traditional buyers and sellers.
THis is a brief look at how many homes are selling on the North Shore of Chicago - Evanston to Lake Bluff and the Lake (Michigan!) to the west side of Northbrook.
Real estate is a MicroMarket business. That means, some markets will explode while others will languish. Fortunately, we see fairly consistent unit growth in all our communities. Still with the press trumpeting a 12% increase in home prices in April (over last year), I wanted to see exactly what was happening. This is Part 1 - unit growth. Next, I'll post dollar sales - median and average prices.
This document provides a summary of the Western North Carolina real estate market in the first quarter of 2016. It finds that there is a severe shortage of low-to-moderate priced homes, with a 36% shortage in Buncombe County price brackets. This shortage is slowing sales for buyers looking in these price ranges and increasing the frequency of competitive bidding situations. The document also provides statistics on home sales, prices, inventory levels and forecasts for the mortgage market in coming quarters.
Annie Williams - Real Estate Market Trends - Oct/Nov 2013Jon Weaver
The real estate market in San Francisco remains very challenging for buyers, with the median home price rising 29.4% year-over-year in September. Mortgage rates have fallen to low levels but government shutdown is causing processing delays. Condo prices rose 7.1% year-over-year in September while sales were down slightly. Foreclosures decreased from a year ago with fewer properties owned by banks.
Annie Williams Market Trends June/July 2014Jon Weaver
This document summarizes real estate market trends in San Francisco for May 2014. It finds that while home prices were flat, condo prices rose to new highs. Home sales fell 6.1% year-over-year while condo sales dropped 21.7%. The sales to list price ratio remained over 100% for both property types. The document also provides statistics on mortgage rates, foreclosures, and sales momentum to give an overview of the challenging local real estate market for buyers.
Similar to Wright Report: Residential Market Statistics (20)
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Victory by Maskeen Group Surrey Floor plans June 2024 PDF
Wright Report: Residential Market Statistics
1. January - June, 2014
Wright Report
TTHHEE WWRRIIGGHHTT RREEPPOORRTT
Perspectives and Overview of Northern California’s
Residential Real Estate Market:
Statistics and Trends for the United States, State of California, and Northern California
Counties: including Sacramento, Placer, Yolo, El Dorado & San Joaquin Counties.
January to June, 2014
www.WrightRealEstate.us Page 1 (916) 726-8308
2. January - June, 2014
Wright Report
The Wright Report
Prepared by:
Prepared By: Joel Wright
Document Version: Final
Last Updated On: August, 2014
This work is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported
License. To view a copy of this license, visit http://creativecommons.org/licenses/by-sa/3.0/
or send a letter to Creative Commons, 171 Second Street, Suite 300, San Francisco,
California, 94105, USA.
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3. January - June, 2014
Wright Report
TABLE OF CONTENTS
TABLE OF CONTENTS ....................................................................................................................... 3
EXECUTIVE SUMMARY:.................................................................................................................... 4
THE EXPERTS WEIGH IN: .................................................................................................................. 5
Sacramento Appraiser: Ryan Lundquist ........................................................................ 5
MARKET UPDATE: ............................................................................................................................ 8
MACRO ECONOMIC CONDITIONS: ................................................................................................ 12
BANKING & LENDING: ................................................................................................................... 14
DISTRESSED PROPERTIES: .............................................................................................................. 15
COUNTY STATISTICS: ..................................................................................................................... 17
Sacramento County ..................................................................................................... 17
Placer County .............................................................................................................. 18
El Dorado County ......................................................................................................... 19
Yolo County ................................................................................................................. 20
San Joaquin County ..................................................................................................... 21
HISTORICAL PRICE GRAPHS: .......................................................................................................... 23
RESOURCES: ................................................................................................................................... 24
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4. January - June, 2014
Wright Report
EXECUTIVE SUMMARY:
A Normal Market? Since 2001 residential real estate in the
Sacramento Metro Area has been anything but normal. We have
experienced (in the following order) artificially inflated markets,
collapse of demand, price collapse, a healthy bounce along an artificial
bottom, a rebounding price boom as strong as the high point in the
previous artificially inflated market, and then in the last half of 2013 a
flat, unstable market. Now in 2014 we are seeing something a little
different… something slower… something not so frenetic… something
perhaps normal.
2014 started with a bang with Obamacare and its surrounding
insecurity as millions of Americans scurried to sign up after being
bounced by their previous health care providers. Perhaps this
redirection of energy caused the break from business as usual that
generated the GDP’s Q1-14 decline of -2.1%.
At the same time new Qualified Mortgage laws began to take effect.
These nationally instituted guidelines for screening loan applicants
have the added benefit of protecting the lending banks from possibly
having to buy back bad loans from the GSEs (Fannie & Freddie) if the
borrower defaults. This mostly affected smaller banks that gave more
latitude in their lending requirements to qualified borrowers who don’t
fit into conventional guidelines. The result? Loans are harder to
obtain for buyers and small banks have less flexibility to lend.
The U.S. economy is making slow progress and residential markets are
beginning to slow moving into the summer months. No longer are
large hedge funds buying properties to rent out, and large banks are
still reeling from losses in recent court battles and hesitant to mess
with foreclosures. So Wall Street money and distressed sales are
moving away from real estate, which means more stability.
Overall it is beginning to look and feel like a more normal real estate
market. Ironically, normal numbers do not feel normal when we have
become accustomed to bidding wars and distressed sales.
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5. January - June, 2014
Wright Report
THE EXPERTS WEIGH IN:
Sacramento Appraiser: Ryan Lundquist
What does it mean to be a normal real estate market? That is what the Sacramento real
estate market is trying to figure out. There has been a normal season uptick during the
first two quarters of 2014, but the market this year was nothing like we saw in 2013.
Inventory is higher, interest rates are higher, there are less cash investors, and the rate
of appreciation has been far less aggressive.
After a small seasonal uptick these past two quarters, the market now feels as if it is
cooling since some properties are being priced at similar levels to the most recent sales
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6. January - June, 2014
Wright Report
(or slightly lower in some areas). The market is competitive because inventory is still
relatively low, but at the same time it is very price sensitive. Buyers are not offering on
listings that are priced too high, and they are not willing to pay top dollar for outdated
homes either. In a hot market buyers tend to look past some negatives when inventory
is really tight, but that’s becoming less common now.
Cash sales are down 13% county-wide compared to where they were one year ago
(down 16% from their peak). There has been a dramatic decrease of cash in the
Sacramento market, and it has really made the rest of the market adjust or “normalize”
so to speak. What does it look like to be a market that is not driven by cash investors
from outside of Sacramento? That’s what the housing market is trying to figure out.
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7. January - June, 2014
Wright Report
The keys drivers for the real estate boom in 2012 and 2013 were cash investors,
historically low interest rates, and incredibly low inventory. Now the “layers” of the
market have shifted though where inventory is increasing, interest rates are no longer in
the 3s, and cash investors have sincerely stepped back their involvement. This means
we have a real estate market that is much more sensitive to the health and strength of
the local economy instead of being driven by rates and out-of-town investors. Key
factors to watch over the next two quarters are inventory, sales volume, and interest
rates.
Ryan Lundquist is a Certified Real Estate Appraiser in the Greater Sacramento Area. He also
specializes in reducing property taxes. Check out his great Blog at
www.SacramentoAppraisalBlog.com or contact directly at (916) 595-3735.
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8. January - June, 2014
Wright Report
MARKET UPDATE:
The median price across the United States increased dramatically in
the first half of 2014 ending the year in December 2013 at $197,700
and rising 12.8% to $223,000 by June 2014. In CA median sold price
hit $457,630 in June, up 4.5% from December and up 6.8% from
June, 2013. That median price is 87% higher than the 2009 bottom of
$245,230. The CA market is still 23% below the 2006 high of
$594,530.
Affordability, the percent of people who can afford to purchase the
median priced home with 20% down payment, is down 6 points to
30% in California from Q2-13 to Q2-14. Sacramento’s affordability is
down to 48% in Q2-14: 8 points lower than in Q2-13.
In Sacramento County, the median price rose 8% from December to
June to end the quarter at $270,000. That is an increase of 9.8%
from the year before in June. The average sold price for Sacramento
County for June 2014 rose to $293,884, up 7.24% from June 2013.
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9. January - June, 2014
Wright Report
COUNTY
Average Sold Price %
Change
13-Jun 14-Jun
Sacramento $274,051 $293,884 7.24%
Placer $404,911 $420,892 3.95%
El Dorado $390,080 $420,176 7.72%
Yolo $343,567 $427,921 24.55%
Since the market turned downward in September 2005 the median
price for single family homes (SFR) declined 59%, with the lowest
point reaching $160,000 in January 2012. Since that point the market
has risen 69%, a full $100,000, through June 2014.
In June 2014 13% of sales were distressed sales (Short Sales or REO);
down from 18.6% in December 2013. Short sales made up 7.1% of
sold properties in June, and REOs (foreclosed bank owned sales) made
up 5.9% of sales.
The inventory of homes available for sale increase substantially from
June 2013 with 1,553 SFR units available for sale to June 2014 with
2,752 units on the market, an increase of 77%. June 2014 also had
approximately 1.9 months of unsold inventory.
COUNTY
Inventory for Sale %
Change
June-13 June-14
Sacramento 1,553 2,752 77%
Placer 671 1,284 91%
El Dorado 548 791 44%
Yolo 164 256 56%
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10. January - June, 2014
Wright Report
In June 2014 homes sold for 1.4% below the original asking price,
reflecting seller’s desire to test market prices. In June 2013 homes
sold for 3% above the original asking price. This is mostly due
primarily to large numbers of Short Sales priced unusually low and the
sales price being raised by the short selling bank during the sale.
In June 2014 REOs sold for an average of 1.5% below original list
price, and conventional sales sold on average 1.7% lower. Short Sales
sold for 3% higher than the original listing price.
Inventory continues to remain low with just under 2 months of
inventory available for sale and just over 3,000 listings available for
sale at the end of the second quarter on July 1, 2014. While 3,000
homes for sale, 2 months inventory, is generally considered very low it
is a great deal more than has been available since the market
bottomed in January 2012.
Sales of SFR resale homes across the nation reached 4.48 million units
in 2013, and as of June 2014 is estimated to be slightly lower at 4.43
million units sold.
SFR (Single Family Residence) New Home sales is expected to reach
412,000, slightly less than the 428,000 units sold in 2013, but
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11. January - June, 2014
Wright Report
nowhere close to historically average of more than a million units built
and sold annually. The median New Home sales price for June 2014
was $280,000 up just 1.6% from December 2013 ($275,500).
http://economistsoutlook.blogs.realtor.org/2014/07/25/new-home-sales-in-june/
A concern across the nation among builders is the lack of inventory,
aka. buildable lots. The time to get lots ready and costs for
entitlements continues to increase costs and reduce annual homes
sales, at least in CA which will be reflected in higher prices for the
consumer.
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12. January - June, 2014
Wright Report
MACRO ECONOMIC CONDITIONS:
While residential real estate nationally has increased in price and with
moderate sales numbers and seems to be approaching more normal
market status, the U.S. economy appears to be lagging behind.
A growing economic concern for the US is GDP growth. Q1-14 started
the year close with a GDP that was revised down to -2.1% for the first
three months. Q2-14 rebounded to 4%, but that is still just 2%
growth for the first six months of the year.
Employment is growing consistently with over 200,000 new jobs
monthly through the first 6 months of the year. This would be more
substantial if there were not 150,000 new people entering the work
force monthly.
In addition to slow job growth is the lack of new good paying jobs and
with it wage stagnation. This is not a problem when inflation remains
at or near zero, but when inflation returns it will be with a vengeance.
Much of this slow job growth is affecting the millennial generation
(aged 25 – 34) of whom 23% are living with family, running into
student loan debt, and postponing new family creation. The effect of
this will be felt in the residential market for some years to come.
The income gap between the middle class and top 1% does not
concern me as much as the lack of viable job growth through the U.S.
Washington continues to enact laws resulting in little economic growth,
the results of which trickle down to small businesses making them
equally unwilling to expand and/or risk a new hire. Business owners
are not expanding, hiring, building, and growing… they are putting
their heads down and working defensively. It seems, in fact, that
reserves from Main Street, rather than being invested locally, are
going to invest in Wall Street and the stock market.
The stock market has grown past historic highs, and as of this writing
has not turned downward. Yet if these companies whose stocks we
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13. January - June, 2014
Wright Report
purchase were doing so well it seems like the economy should see
income growth, stronger job numbers, and a general feeling of
increased security. From my layman’s perspective I do not see it
happening.
The unemployment rate continues to decline ending Q2-14 (June) at
6.9% for Sacramento, which is lower than CA (7.4%), but not as good
as the US rate at 6.1%.
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14. January - June, 2014
Wright Report
Even though unemployment continues to decline the labor force
participation rate (the % of the population actually working) is also in
decline dropping through the first half of 2014 to 62.8% in June.
BANKING & LENDING:
There are some shifts in the lending world as the results of previously
implemented programs begin to be seen. The introduction of QM
(Qualified Mortgage) requirements at the beginning of 2014 to the
lending world has slowed the number of loans made by smaller banks,
while not affecting the pipeline of larger banks.
This is likely because smaller banks are more likely to look at a client’s
historical qualifications as a borrower and their relationship with the
bank when providing the loan. Long term relationships and in depth
consumer knowledge is not something QM takes into account. As a
result small banks are more limited in what they can do for their
clients who may not fit perfectly into QM guidelines, which naturally
hurts the bank’s ability to serve and their potential borrower.
Large banks are still dealing with legal issues resulting from the
foreclosure debacle that began in 2007 and 2008 and their
intentionally selling bad loans and securities to their investors. For
this the price tag keeps rising and several multi-Billion dollar
settlements have been reached to date.
Lending guidelines are still quite restrictive and borrowers continue to
complain about not being able to qualify for loans. Congress is still
trying to get rid of the GSEs (Fannie & Freddie) even though they are
now bringing in sizable profits quarterly.
Interest rates have gone down for the first two quarters of 2014 from
4.46% in December 2013 to 4.16% in June 2014. They are the lowest
we have seen since the increase in June 2013. The FED continues to
keep interest rates from rising and they are projected to remain low
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15. January - June, 2014
Wright Report
over the next year. The current rate of just over 4% is still historically
low when you compare it to the last 40 years, which from 1974 to
2014 has averaged 8.5%.
DISTRESSED PROPERTIES:
Inventories of Short Sales and REOs (foreclosures) continue to decline
throughout the Sacramento Region. In June 2014 only 9% of SFR
properties for sale were distressed. That is lower than the 13% of
inventory in June 2013.
Sales of distressed properties have dropped dramatically over the past
year. In June 2014 13% of all homes sold were distressed: half the
26% sold in June 2013.
Despite reduction in the number of sales the sold price of REOs and
Short Sales continue to remain below the average price for
Conventional sales within the Sacramento region.
Here are some of the price variations between seller types:
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16. January - June, 2014
Wright Report
SELLER TYPE
Average Sold Price by County (June 2014)
Placer Sacramento
El
Dorado Yolo
Conventional $427,868 $305,080 $435,720 $450,968
Foreclosure $309,889 $199,893 $230,184 $193,490
Short Sale $351,694 $235,323 $425,864 $344,675
This is due in part because REOs typically take place in more
economically distressed neighborhoods where prices are not as
resilient and/or owners may not be as motivated to keep the property.
This causes a disproportionately low average price compared to other
conventionally sold homes.
Another reason for price differentiation is property condition. To
become an REO the owner must stop paying their mortgage for an
extended period of time. When they do they become emotionally
detached and are frequently unwilling to improve or keep up the
home.
New Foreclosure Filings: California NOD (Notice of Default) filings
fell 25% and NOT (Notice of Trustee Sale) filings fell 24% from June
2013 to June 2014. The number of properties that went back to the
bank increased 18.3% during the same period to 1,395 from 1,179 in
June 2013.
Existing Inventory: Pre-foreclosure inventory (NOD - Notice of
Default) in California was down 24% to 35,635 (June 2014) from
47,094 (June 2013). NOT (Notice of Trustee Sale) inventory is down
29% for the same period to 17,915 units, and the number of bank
owned inventory (REOs) is down 11% to 39,414 in June from 44,405
units in June 2013.
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17. January - June, 2014
Wright Report
COUNTY STATISTICS:
Sacramento County
Q2-2014 ended with 3002 listings on July 1, 2014, up 56% from the
1,928 listings 1 year earlier - July 1, 2013. REO (Real Estate Owned-foreclosed
properties) inventory dropped slightly to 126 listings and
Active Short Sale listings were up 8% over the same period.
Conventional sales inventory was up 62%.
Pending: Pending sales are down 7% from June 2013 to June 2014:
from 2,248 to 2,089 homes. Pending foreclosures are down 31% and
pending short sales are down 58% for the same period. Pending
conventional sales are up 3.8% to 1,832 homes.
Sold: Sales numbers for SFR (Single Family Residence) for June 2014
were 1,456 units sold in Sacramento County. Foreclosures accounted
for 6% of properties sold in June. Short sales accounted for 7% of
sales. Conventional sales accounted for the rest, 87% of sales.
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18. January - June, 2014
Wright Report
AVERAGE SOLD
PRICE by SELLER
TYPE
# Sold
June
2014
# Sold
June
2013
Yr/Yr %
Change
Average
Sold Price
June 2014
Average
Sold Price
June 2013
Yr/Yr %
Change
Total Sold 1456 1514 -3.8% $293,884 $272,890 7.7%
REO 86 112 -23.2% $199,893 $216,484 -7.7%
Conventional 1266 1117 13.3% $305,080 $295,168 3.4%
Short Sale 104 285 -63.5% $235,323 $207,741 13.3%
Placer County
Placer County ended Q2-2014 with 1,366 listings on July 1, 2014, up
72% from the 796 listings 1 year earlier - July 1, 2013. REO (Real
Estate Owned- foreclosed properties) inventory rose slightly to 28
listings and Active Short Sale listings were up 89% to 53 for sale over
the same period. Conventional sales inventory was up 49%.
Pending: Pending sales are down 23% from June 2013 to June 2014:
from 775 to 692 homes. Pending foreclosures are down 44% and
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19. January - June, 2014
Wright Report
pending short sales are down 64% for the same period. Pending
conventional sales are down 3.5% to 643 homes.
Sold: Sales numbers for SFR (Single Family Residence) for June 2014
were 501 units sold in Sacramento County. Foreclosures accounted
for 3.6% of properties sold in June. Short sales accounted for 3.6% of
sales. Conventional sales accounted for the rest, 92.8% of sales.
AVERAGE SOLD
PRICE by SELLER
TYPE
# Sold
June
2014
# Sold
June
2013
Yr/Yr %
Change
Average
Sold Price
June 2014
Average
Sold Price
June 2013
Yr/Yr %
Change
Total Sold 501 555 -9.7% $420,892 $404,911 3.9%
REO 18 28 -35.7% $309,889 $288,023 7.6%
Conventional 465 466 -0.2% $427,868 $423,601 1.0%
Short Sale 18 61 -70.5% $351,694 $315,785 11.4%
El Dorado County
El Dorado County ended Q2-2014 ended with 851 listings on July 1,
2014, up 41% from the 605 listings 1 year earlier - July 1, 2013. REO
(Real Estate Owned- foreclosed properties) inventory dropped slightly
to 30 listings and Active Short Sale listings were down 44% to 36 units
over the same period. Conventional sales inventory was up 49%.
Pending: Pending sales are down 12% from June 2013 to June 2014:
from 476 to 418 homes. Pending foreclosures are down 46% and
pending short sales are down 52% for the same period. Pending
conventional sales are up 13% to 328 homes.
Sold: Sales numbers for SFR (Single Family Residence) for June 2014
were 245 units sold in Sacramento County. Foreclosures accounted
for 7.3% of properties sold in June. Short sales accounted for 4.5% of
sales. Conventional sales accounted for the rest, 88.2% of sales.
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20. January - June, 2014
Wright Report
AVERAGE SOLD
PRICE by SELLER
TYPE
# Sold
June
2014
# Sold
June
2013
Yr/Yr %
Change
Average
Sold Price
June 2014
Average
Sold Price
June 2013
Yr/Yr %
Change
Total Sold 245 243 0.8% $420,176 $390,080 7.7%
REO 18 28 -35.7% $230,184 $269,327 -14.5%
Conventional 216 188 14.9% $435,720 $418,273 4.2%
Short Sale 11 27 -59.3% $425,864 $319,000 33.5%
Yolo County
Yolo County ended Q2-2014 ended with 288 listings on July 1, 2014,
up 57% from the 183 listings 1 year earlier - July 1, 2013. REO (Real
Estate Owned- foreclosed properties) inventory dropped to 8 listings
and Active Short Sale listings were up 22% over the same period.
Conventional sales inventory was up 68%.
Pending: Pending sales are down 24% from June 2013 to June 2014:
from 321 to 245 homes. Pending foreclosures are down 29% and
pending short sales are down 80% for the same period. Pending
conventional sales are down 1% to 194 homes.
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21. January - June, 2014
Wright Report
Sold: Sales numbers for SFR (Single Family Residence) for June 2014
were 144 units sold in Sacramento County. Foreclosures accounted
for 7% of properties sold in June. Short sales accounted for 5% of
sales. Conventional sales accounted for the rest, 88% of sales.
AVERAGE SOLD
PRICE by SELLER
TYPE
# Sold
June
2014
# Sold
June
2013
Yr/Yr %
Change
Average
Sold Price
June 2014
Average
Sold Price
June 2013
Yr/Yr %
Change
Total Sold 144 166 -13.3% $427,921 $343,567 24.6%
REO 10 7 42.9% $193,490 $212,464 -8.9%
Conventional 127 127 0.0% $450,968 $370,988 21.6%
Short Sale 7 32 -78.1% $344,675 $263,421 30.8%
San Joaquin County
San Joaquin County ended Q2-2014 ended with 1,206 listings on July
1, 2014, up 70% from the 708 listings 1 year earlier - July 1, 2013.
REO (Real Estate Owned- foreclosed properties) inventory dropped
slightly to 52 listings and Active Short Sale listings were up 24% to 55
listings over the same period. Conventional sales inventory was up
83%.
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22. January - June, 2014
Wright Report
Pending: Pending sales are down 26% from June 2013 to June 2014:
from 1,568 to 1,165 homes. Pending foreclosures are down 24% and
pending short sales are down 63% for the same period. Pending
conventional sales are up 13% to 799 homes.
Sold: Sales numbers for SFR (Single Family Residence) for June 2014
were 617 units sold in Sacramento County. Foreclosures accounted
for 7% of properties sold in June. Short sales accounted for 6% of
sales. Conventional sales accounted for the rest, 87% of sales.
AVERAGE SOLD
PRICE by SELLER
TYPE
# Sold
June
2014
# Sold
June
2013
Yr/Yr %
Change
Average
Sold Price
June 2014
Average
Sold Price
June 2013
Yr/Yr %
Change
Total Sold 617 583 5.8% $286,447 $234,471 22.2%
REO 44 66 -33.3% $212,846 $196,605 8.3%
Conventional 535 378 41.5% $294,916 $256,931 14.8%
Short Sale 38 139 -72.7% $252,425 $191,373 31.9%
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24. January - June, 2014
Wright Report
RESOURCES:
ABREVIATIONS
CAR = California Association of Realtors
HAFA = Home Affordable Foreclosure Alternative
HAMP = Home Affordable Mortgage Program
MLS = Multiple Listing Service
NAR = National Association of Realtors
NOD = Notice of Default
NOT = Notice of Trustee Sale
REO = Real Estate Owned by a bank, or foreclosure
SAR = Sacramento Association of Realtors
WRE = Wright Real Estate
ADDITIONAL RESOURCES
MetrolistMLS.com - to search for properties. www.metrolistmls.com
NorthState Building Industry Association (BIA) www.northstatebia.org
Rental Housing Association (RHA) www.rha.org
Sacramento Association of Realtors (SAR) www.sacrealtor.org
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25. January - June, 2014
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