Squaw Valley / Alpine Meadows Real Estate Property Update

Squaw Valley / Alpine Meadows Real Estate Property Update

Squaw Valley / Alpine Meadows Real Estate Property Update

Squaw Valley / Alpine Meadows real estate property median prices continue to rise post-recession.  The number of property transactions for YTD 2016 are up more than 50% over 2015.  Time on the market has decrease significantly – from a median 121 days in 2015 to  80 days YTD 2016.  Click here to view current Squaw Valley and Alpine Meadows property for sale

 

 

Note: Data obtained from the Tahoe Sierra MLS is believed to be accurate but not guaranteed.  Verification is recommended.

Update: Lakefront Real Estate Median Prices

Lake Tahoe Lakefront Real Estate MLS Statistics

Lake Tahoe Lakefront Real Estate MLS Statistics

Lake Tahoe Lakefront real estate update – median prices are up thus far in 2016 over 2015 as half the homes sold were over $4.8 million – click here to view the latest Lakefront opportunities.

 

Martis Camp Real Estate Property Sales Statistics Update

Martis Camp Real Estate Property for Sale Update

Martis Camp Real Estate Property for Sale Update

Martis Camp real estate sales statistics update – 2016 YTD resale transactions have doubled to 48 homes from last year’s 22 homes – median time on the market for this year is under 3-months, compared to over six months in 2015.  Click here to view Martis Camp real estate property for sale

 

Note: Data obtained from the Tahoe Sierra MLS is believed accurate but not guaranteed. Verification is recommended.

Northstar California Real Estate Statistics / Median Sales Prices 2006-2016

Northstar California Ski Resort Real Estate Sales Statistics / Median Sales Prices

Northstar California Ski Resort Real Estate Sales Statistics / Median Sales Prices

Here’s the latest update of median real estate prices. The ‘spike’ in 2010 was due to higher-than-usual sales of homes above $2million. As of this writing, home median prices for 2016 are up 8%, and non-Village condos are up 10%.

2006-2016 Tahoe Donner Real Estate Prices / Sales Statistics

Tahoe Donner Real Estate Sales Statistics

Tahoe Donner Real Estate Sales Statistics

Here’s the latest update for Tahoe Donner real estate sales statistics and median sale prices thru mid-November:

  • Single family home median prices have risen 5% over 2015;
  • The median number of days homes were on the market for 2016 has decreased from 42 to 33 days;
  • Condo prices have risen 8% from 2015 to 2016, and the number of condo transactions have increased 60% over last year!

 

 

Notice: The information contained herein is deemed reliable but not guaranteed.  Verification is recommended. 

2006-2016 Truckee / North Lake Tahoe Real Estate Prices / Sales Statistics

2016 Truckee Lake Tahoe Real Estate Statistics Prices

2006-2016 Truckee Lake Tahoe Real Estate Statistics Prices

Here’s an update thru mid-November 2016 for median prices of Truckee & North Lake Tahoe Single-Family Homes and Condos / Townhouses.

“More sales of higher-priced homes – inventory remains tight.”

Martis Camp Property Prices – Up 6%

Martis Camp Real Estate Property Prices

Martis Camp real estate property prices have risen 6% thru September 30, 2016 vs 2015:

Median Square Footage: 3,837

Median Sale Price: $3,900,000

Median Days on Market: 66

 

 

Data obtained from the Tahoe Sierra MLS is believed reliable – verification is recommended.

Tahoe Donner Real Estate Property – Home Prices Rise 5%

Tahoe Donner Real Estate Property for Sale - Statistics

2016 YTD (9/30/16)

  • Median Price – $607,500
  • Median Square Footage – 2,036 sq. ft.
  • Median Days on Market – 31

 

Data provided by the Tahoe Sierra MLS is believed accurate – verification recommended.

  • For comparison purposes, homes selected were built 2000 to 2010, 2500-3500 sq. ft.

On the Rise – Northstar California Ski Resort Homes

Northstar California Ski Resort Property Sales

C.A.R. 2017 California Housing Market Forecast

C.A.R. releases its 2017 California Housing Market Forecast

July Marked a Big Month for Housing

The housing market heated up in July, with several factors favoring buyers this summer.

Jonathan Smoke, realtor.com®’s chief economist, says these factors have made this summer one of the best in a decade: we’re seeing the highest consumer confidence for a July since 2007, we’ve also had the highest nominal home prices for a July on record, and we’ve had the lowest July mortgage rates on record.

Millennials, aged 25 to 34, picked up their presence on the market this summer too. Realtor.com® reports that last July 75 percent of its 25- to 34-year-old users were looking to purchase a home. Fast-forward to July 2016, that percentage has bloomed to 81 percent.

Buyers are finding a few more choices later in the summer: There are 1 percent more homes for sale in July compared with June.

But hurdles do remain for buyers this summer: It’s tougher to get approved for a mortgage than last year, Smoke notes. In July 2015, 5 percent of first-time buyers reported that qualifying for a mortgage was a significant hurdle. This July, that percentage has increased to 9 percent, Smoke reports.

Also, repeat buyers say their major challenge is finding a home to buy. The share of repeat buyers who say “finding a home” is a problem rose to 25 percent this July, realtor.com® reports.

“The good news for would-be buyers who have struggled to find a home or have been outbid in prior attempts is that the balance of power shifts a bit more in your favor in late summer and fall,” Smoke writes in his column at realtor.com®. “This is the time of the year when sales slow down, but inventory is at its peak. That means there are more homes for sale per buyer now, and yet mortgage rates remain close to their all-time lows. The window to enjoy the best summer in a decade for real estate remains open for the well-qualified and those ready to act.”

Source: “Finally, a July to Remember – and to Buy a Home,” realtor.com® (Aug. 4, 2016)

Mortgage Rates Inch Up Slightly This Week

Mortgage rates across the board ticked up this week, but still hover near historical lows.

“Post-Brexit volatility tapered off over the last two weeks, allowing interest rates to bounce back a bit from their record (10-year Treasury yield) and near-record (30-year mortgage rate) lows,” says Sean Becketti, Freddie Mac’s chief economist. “This week, the 30-year fixed mortgage rate increased 3 basis points to a still-quite-low 3.45 percent. With the Federal Reserve on hold and the UK monetary authority taking at least a one-month breather, we don’t expect any significant movement in mortgage rates in the near-term. This summer remains an auspicious time to buy a home or to refinance an existing mortgage.”

Freddie Mac reports the following national averages with mortgage rates for the week ending July 21:

  • 30-year fixed-rate mortgages: averaged 3.45 percent, with an average 0.5 point, rising from last week’s 3.42 percent average. Last year a this time, 30-year rates averaged 4.04 percent.
  • 15-year fixed-rate mortgages: averaged 2.75 percent, with an average 0.5 point, rising from last week’s 2.72 percent average. A year ago, 15-year rates averaged 3.21 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.78 percent, with an average 0.5 point, climbing from a 2.76 percent average last week. A year ago, 5-year ARMs averaged 2.97 percent.

Source: Freddie Mac

California home sales up double-digits monthly for first time since 2011

LOS ANGELES (July 18) – After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales  surpassed the 400,000 mark for the fourth consecutive month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 450,960 units in June, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2016 if sales maintained the June pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.

The June figure was up 10 percent from the revised 409,840 level in May and up 2.2 percent compared with home sales in June 2015 of 441,450 (revised). The month-to-month increase was the first double-digit monthly gain since January 2011 when sales of existing homes rose 11.3 percent from December 2010.

“Market conditions suggest that demand for housing will remain steady through the rest of the summer,” said C.A.R. President Pat “Ziggy” Zicarelli. “However, inventory is still tight, especially at the low end of the market, and this keeps competition for those homes at an extremely high level.  The recent march of mortgage rates to ever lower levels will also add to the strong demand for entry-level homes.”

Rising demand combined with tight supply kept upward pressure on prices in June. The median price of an existing, single-family detached California home increased 5.5 percent in June to $519,440 from $492,320 in June 2015. June’s median price was 0.1 percent lower than the revised $519,750 recorded in May 2016. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

“The annual gain in the median home price is being driven by more sales at the mid-segment housing market, which comprise at least half of the overall demand,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Price growth appears to be cooling somewhat in San Francisco, where the 3.2 percent increase was less than the statewide gain of 5.5 percent.”

Other key points from C.A.R.’s June 2016 resale housing report include:

  • C.A.R.’s Unsold Inventory Index, which indicates the number of months needed to sell the supply of homes on the market at the current sales rate, dipped slightly to 3.2 months in June from 3.4 months in May. The index stood at 3.2 months in June 2015. At the state level, there were 2.6 percent fewer homes available for sale in June compared with a year earlier. The long-run average home supply is 6.1 months, indicating inventory levels are running at roughly 60 percent of normal.
  • The median number of days it took to sell a single-family home dipped slightly in June to 27.1 days, compared with 27.3 days in May and 28 days in June 2015.
  • According to C.A.R.’s sales-to-list price ratio*, tight inventories also appear to be driving final sales prices closer to listing prices, with sales prices slightly decreasing to 99.6 percent of listing prices statewide in June from 99.7 percent in May.
  • The average price per square foot** for an existing, single-family home statewide was $247 in June 2016, down from $248 in May but up from $237 in June 2015.
  • San Francisco County had the highest price per square foot in June at $837/sq. ft., followed by San Mateo ($793/sq. ft.), and Marin ($633/sq. ft.). Counties with the lowest price per square foot in June include Siskiyou ($122/sq. ft.), Tulare ($126/sq. ft.), and Kern and Kings ($131/sq. ft.).
  • Mortgage rates are expected to remain low in the foreseeable future due to global economic uncertainty. Mortgage rates declined in June, with the 30-year, fixed-mortgage interest rate averaging 3.57 percent, compared with 3.60 percent in May and 3.98 percent in June 2015, according to Freddie Mac.  Adjustable-rate mortgage interest rates slipped in June to an average of 2.78 percent, a decline from 2.81 percent in May and 2.99 percent in June 2015.

Graphics (click links to open):
June sales at-a-glance infographic.
Calif. existing home sales historical.
Share of sales by price range.
Historical condo sales.
CA sales to list price ratio.
CA price per square foot.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only.  County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions.  The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage.  A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property.  It is calculated as the sale price of the home divided by the number of finished square feet.  C.A.R. currently tracks price-per-square foot statistics for 38 counties.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 185,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

June 2016 County Sales and Price Activity
Regional and condo sales data not seasonally adjusted

June-16 Median Sold Price of Existing Single-Family Homes Sales
State/Region/County Jun-16 May-16   Jun-15   MTM% Chg YTY% Chg MTM% Chg YTY% Chg
CA SFH (SAAR) $519,440 $519,750 r $492,320 r -0.1% 5.5% 10.0% 2.2%
CA Condo/Townhomes $413,110 $411,340 r $393,900 r 0.4% 4.9% 7.7% -0.1%
Los Angeles Metropolitan Area $477,230 $471,860 r $449,530 r 1.1% 6.2% 7.7% 1.9%
Inland Empire $319,100 $315,980 $297,230 1.0% 7.4% 8.3% 2.5%
S.F. Bay Area $841,960 $848,580 $748,340 -0.8% 12.5% 9.2% -6.9%
S.F. Bay Area                  
Alameda $803,000 $828,000 r $750,000 r -3.0% 7.1% 9.6% -11.8%
Contra-Costa $625,000 $595,000 r $555,000 r 5.0% 12.6% 9.6% -10.9%
Marin $1,218,500 $1,237,500 r $1,105,000 r -1.5% 10.3% 4.5% 10.9%
Napa $619,000 $645,771 r $609,000 r -4.1% 1.6% 31.7% 9.6%
San Francisco $1,350,000 $1,360,000 r $1,308,500 r -0.7% 3.2% 22.0% 11.0%
San Mateo $1,306,250 $1,392,500 r $1,300,000 -6.2% 0.5% 9.3% 2.1%
Santa Clara $1,050,000 $1,100,000 $990,000 -4.5% 6.1% 4.7% -4.0%
Solano $390,000 $385,500 r $353,000 r 1.2% 10.5% 13.1% -14.5%
Sonoma $608,000 $580,000 r $545,000 r 4.8% 11.6% 5.7% -10.7%
Southern California
Los Angeles $502,190 $467,290 r $473,290 r 7.5% 6.1% 6.9% 1.2%
Orange $759,490 $735,910 $716,730 3.2% 6.0% 4.3% -0.5%
Riverside $357,810 $353,900 $337,380 1.1% 6.1% 8.1% 4.4%
San Bernardino $245,220 $245,080 $231,300 0.1% 6.0% 8.6% -0.7%
San Diego $594,430 $591,800 $569,530 0.4% 4.4% 3.7% -4.4%
Ventura $674,310 $631,140 $634,190 6.8% 6.3% 17.8% 9.0%
Central Coast
Monterey $537,000 $540,000 $485,000 -0.6% 10.7% 20.9% 7.5%
San Luis Obispo $529,480 $558,750 $534,650 -5.2% -1.0% 17.0% 8.9%
Santa Barbara $742,000 $689,000 r $735,000 r 7.7% 1.0% -4.2% 2.2%
Santa Cruz $800,000 $800,000 $726,000 0.0% 10.2% -1.2% -27.0%
Central Valley
Fresno $242,240 $231,370 $223,150 4.7% 8.6% 14.0% 10.1%
Glenn $205,560 $176,670 $253,120 16.4% -18.8% 136.4% 73.3%
Kern $238,400 $226,800 $219,330 r 5.1% 8.7% 9.2% -1.7%
Kings $211,110 $216,410 $195,380 -2.4% 8.1% -16.5% -20.4%
Madera $234,720 $214,290 $199,000 9.5% 17.9% 12.5% 52.8%
Merced $207,580 $220,690 $206,080 -5.9% 0.7% 22.6% 12.6%
Placer $444,590 $433,140 $402,870 2.6% 10.4% 16.8% 0.5%
Sacramento $332,580 $323,000 $295,310 3.0% 12.6% 12.6% 1.0%
San Benito $511,500 $479,000 $479,000 6.8% 6.8% 40.4% 24.5%
San Joaquin $313,810 $319,190 $296,030 -1.7% 6.0% 7.2% -1.9%
Stanislaus $279,170 $267,000 $249,670 4.6% 11.8% 16.7% 0.5%
Tulare $211,820 $205,260 $194,170 3.2% 9.1% 2.3% 8.9%
Other Counties in California
Amador $320,590 $277,270 $256,250 15.6% 25.1% 15.9% 2.0%
Butte $277,980 $275,000 $253,660 1.1% 9.6% -4.9% -3.5%
Calaveras $325,760 $290,380 $256,580 12.2% 27.0% 10.6% 11.7%
Del Norte $200,000 $190,000 $212,500 5.3% -5.9% 18.2% 18.2%
El Dorado $468,380 $437,880 $410,320 7.0% 14.1% 10.2% 18.7%
Humboldt $285,580 $270,590 $273,280 5.5% 4.5% 14.7% 13.6%
Lake $259,720 $244,230 $211,670 6.3% 22.7% 20.3% -25.2%
Mariposa $268,750 $275,000 $281,250 -2.3% -4.4% 11.8% 26.7%
Mendocino $350,000 $330,000 r $305,100 r 6.1% 14.7% 20.0% 20.0%
Nevada $355,740 $358,140 $341,300 -0.7% 4.2% 40.4% 15.9%
Plumas $278,120 $225,000 $300,000 23.6% -7.3% 52.2% -7.9%
Shasta $243,670 $230,500 $235,170 5.7% 3.6% 13.1% 20.6%
Siskiyou $215,620 $174,000 $152,860 23.9% 41.1% -4.9% 11.4%
Sutter $253,570 $240,520 $236,000 5.4% 7.4% 39.0% 30.5%
Tehama $237,500 $175,710 $200,000 35.2% 18.8% 4.9% 13.2%
Tuolumne $245,240 $246,670 $248,610 -0.6% -1.4% 9.1% -4.0%
Yolo $398,980 $392,860 $393,590 1.6% 1.4% 5.8% 19.9%
Yuba $256,250 $216,250 $226,320 18.5% 13.2% 2.3% 6.0%

r = revised


June 2016 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)

June-16 Unsold Inventory Index Median Time on Market
State/Region/County Jun-16 May-16   Jun-15   Jun-16 May-16   Jun-15  
CA SFH (SAAR) 3.2 3.4 3.2 r 27.1 27.3 28.0 r
CA Condo/Townhomes 2.6 2.8 2.6 r 27.3 27.3 27.6 r
Los Angeles Metropolitan Area 3.5 3.8 r 3.6 44.1 45.1 r 45.6 r
Inland Empire 3.7 4.2 r 3.8 45.2 46.7 r 50.1
S.F. Bay Area 2.3 2.4 1.7 21.1 20.2 r 21.0 r
S.F. Bay Area
Alameda 2.1 2.2 1.4 r 17.7 17.5 17.5 r
Contra-Costa 2.2 2.4 0.9 r 19.0 18.0 19.1 r
Marin 2.5 2.8 2.6 r 27.7 25.2 29.6 r
Napa 3.9 5.0 4.2 47.5 42.0 46.4 r
San Francisco 2.0 2.5 1.7 24.3 21.1 20.8
San Mateo 1.9 2.0 1.5 18.3 17.8 18.2
Santa Clara 2.0 2.1 1.7 18.6 17.9 17.9
Solano 2.7 2.9 r 2.4 r 34.1 34.3 42.7 r
Sonoma 3.1 3.2 2.8 r 41.5 40.8 42.0 r
Southern California
Los Angeles 3.3 3.6 3.4 38.8 40.5 39.9
Orange 3.6 3.6 3.4 50.5 49.0 48.2
Riverside 3.6 4.1 3.7 48.9 50.7 53.8
San Bernardino 3.9 4.2 4.1 37.1 38.2 43.3
San Diego 3.1 3.1 3.2 21.4 22.1 22.7
Ventura 3.8 3.8 3.7 50.4 51.4 51.2
Central Coast
Monterey 3.6 3.9 3.7 24.9 24.8 26.2
San Luis Obispo 3.9 4.4 4.4 27.7 25.9 25.8
Santa Barbara 4.5 4.4 3.9 r 32.5 28.8 24.3 r
Santa Cruz 3.4 3.0 2.5 20.5 22.4 21.1
Central Valley
Fresno 3.3 3.8 4.0 25.1 25.8 25.6
Glenn 3.2 6.8 5.3 41.9 20.9 28.2
Kern 3.3 3.7 3.6 r 26.1 26.4 24.0 r
Kings 3.2 2.9 3.1 25.9 25.5 29.0
Madera 4.9 5.3 8.8 62.0 57.1 70.3
Merced 2.7 3.5 3.8 25.2 39.0 32.4
Placer 2.6 3.0 2.7 20.8 21.1 22.3
Sacramento 2.4 2.5 2.5 18.7 18.9 20.0
San Benito 2.5 3.8 2.2 25.5 19.9 31.0
San Joaquin 2.7 2.6 2.7 21.3 20.9 23.2
Stanislaus 2.6 2.9 2.8 20.3 22.0 23.1
Tulare 3.3 3.6 3.9 28.2 28.6 28.8
Other Counties in California
Amador 5.0 5.8 4.9 24.1 28.7 39.7
Butte 3.4 3.0 r 3.5 27.4 25.3 r 31.0
Calaveras 5.3 5.8 6.9 44.0 33.8 48.0
Del Norte 5.8 6.9 7.6 100.7 91.0 105.5
El Dorado 3.9 4.1 5.1 27.8 29.0 33.4
Humboldt 3.9 4.2 5.5 23.3 25.2 39.2
Lake 6.0 7.2 4.7 66.6 75.5 65.6
Mariposa 5.1 6.1 8.4 115.2 86.4 115.2
Mendocino 5.6 6.8 6.6 r 56.1 50.8 61.0 r
Nevada 3.5 4.8 4.3 22.9 29.5 25.4
Plumas 12.7 17.7 12.4 75.5 71.9 123.8
Shasta 4.1 4.7 5.3 28.2 36.4 29.2 r
Siskiyou 8.2 7.1 11.7 45.5 48.7 53.8
Sutter 2.0 2.8 2.8 24.5 27.0 27.4
Tehama 5.3 5.6 6.6 55.7 58.6 47.1 r
Tuolumne 6.6 7.0 5.9 38.3 25.7 22.4
Yolo 2.5 2.5 2.8 20.3 19.0 22.1
Yuba 2.6 2.5 3.2 19.4 22.4 24.9

r = revised

Source: California Association of Realtors

Mortgage Rates Touch New 2016 Lows

In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points. The 30-year mortgage rate declined as well, but not by as much, falling 8 basis points to 3.48 percent. This week’s survey rate is the lowest since May 2013 and only 17 basis points above the all-time low recorded in November 2012. This extremely low mortgage rate should support solid home sales and refinancing volume this summer.

  • 30-year fixed-rate mortgage (FRM) averaged 3.48 percent with an average 0.5 point for the week ending June 30, 2016, down from last week when it averaged 3.56 percent. A year ago at this time, the 30-year FRM averaged 4.08 percent.
  • 15-year FRM this week averaged 2.78 percent with an average 0.4 point, down from last week when it averaged 2.83 percent. A year ago at this time, the 15-year FRM averaged 3.24 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.70 percent this week with an average 0.5 point, down from last week when it averaged 2.74 percent. A year ago, the 5-year ARM averaged 2.99.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

PMMS Graph
Source: FreddieMac

Truckee / Lake Tahoe: Strong Ski Season Translates to Strong Real Estate Sales

Truckee Lake Tahoe Real Estate Statistics

SUMMARY

For the five months ended May 31, 2016 compared to 2015:

  • Single family homes transactions increased 14%, median prices increased 11%, and length of time on the market decreased 5%;
  • Condo transactions increased 27%, median prices increased 6%, and length of time on the market increased 13%;
  • Residential Lot transactions increased 21%, median prices increased 12%, and length of time on the market decreased 27%.

TREND

The best winter in four years has brought a substantial increase in ski area transactions & prices:

  • Squaw Valley is having a 5-fold increase in sales – 12 homes sold so far this year-to-date, compared to just 2 homes last year.  The median price is up significantly to $1,257,000 from $857,000, and time on the market has been cut in half.
  • Sales of homes in Northstar tripled so far this year compared to last – 16 homes this year vs. 4 homes last year, with median prices up 44% and days on the market decreased 33%!
  • Tahoe Donner also experienced transactional gains with sales up 25%, the median price up 9%, though days on the market were higher at 47 days from 39 days.
  • Our Tahoe Donner $/Sq. Ft. Index, where we compare similar 2500-3500 sq. ft. homes built between 2000-2010, is up 11% this year-to-date vs 2015 (see chart below).

Tahoe Donner $ per Sq. Ft.

 

Market at a Glance – April 2016

Market at a Glance - April 2016

Market at a Glance – April 2016

1st Quarter 2016 vs. 2015 Truckee / Lake Tahoe Statistics

Tahoe Donner Home Prices 2011 - 2016

Tahoe Donner Home Prices 2011 – 2016 based on 2500-3500 sq. ft. and built 2000-2010

 

Truckee / Lake Tahoe 1st qtr 2016 Real Estate Statistics

Truckee / Lake Tahoe 1st qtr. 2016 Real Estate Statistics compared to 1st qtr. 2015

SUMMARY

  • For the 1st quarter of 2016, 16% more homes were sold than the 1st quarter in 2015;
  • The median price for homes increased by 8.9%;
  • Overall, the median time homes were on the market was unchanged at 3-months;
  • A comparison of the similar homes sold in Tahoe Donner reveals the price per square foot rose approximately 8% in the 1st quarter of 2016 compared to 2015 (see graph).

Please call Scott Kennedy at (530) 448-3308, or email Scott@SierraTahoeRealty.com with any questions you may have.

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Schaffer’s Mill real estate for sale
 
 
 
 
NOTE: MLS data is believed accurate however not guaranteed – verification is recommended.

2015 vs 2014 Truckee / Lake Tahoe Statistical Report

Tahoe Donner Real Estate Statistics

Tahoe Donner Real Estate Statistics

Truckee / Lake Tahoe Real Estate Statistics - 2015 vs. 2014

SUMMARY
  • For 2015, 7% more homes were sold than in 2014 – however, ski resort sales (Alpine Meadows, Northstar & Squaw Valley) were 30-50% fewer due to less snow;
  • While the median price for homes decreased by $10,000 or 2%, it is a misleading statistic;
  • A comparison of the similar homes sold in Tahoe Donner reveals the price per square foot rose approximately 5% in 2015 compared to 2014 (see graph).
  • Condo sales in Tahoe Donner provide the best indicator of overall change in valuation, as neighborhood statistics in other areas can be skewed by higher or lower price-points – an example being the Westshore which is skewed greatly by $2-$3 million condos in Fleur du Lac.
Feel free to call or email Scott Kennedy with any questions you may have.
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NOTE: Tahoe Donner $ / sq. ft. data based on subset of homes 2500-3500 sq. ft. built between 2000-2010.  MLS data is believed accurate however not guaranteed – verification is recommended.

NEVADA COUNTY MARKET UPDATE

Nevada County Real Estate Statistics - December 2015

Nevada County Real Estate Statistics – December 2015

Placer County Market Update

Placer County Real Estate Statistics - December 2015

California pending home sales bounce back in October 2015

Southern California and Bay Area regions rise, Central Valley posts lower

LOS ANGELES (Nov. 24) – Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months.

In a separate report, California REALTORS® responding to C.A.R.’s October Market Pulse Survey saw a nominal increase in sales with multiple offers compared with September and an increase in the number of offers received. The number of floor calls and open house traffic declined, however, primarily reflecting seasonal factors as the market enters the end of the home-buying season. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORS®, which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Pending home sales data:

• Statewide pending home sales increased in October, with the Pending Home Sales Index (PHSI)* rising 2.5 percent from a revised 110.7 in September to 113.4 in October, based on signed contracts. The month-to-month gain was better than the average increase of 0.9 percent from September to October observed in the last seven years.

• On an annual basis, statewide pending home sales were up 13.9 percent from the revised 99.5 index recorded in October 2014. Pending sales have been increasing on a year-over-year basis since November 2014 and have seen double-digit increases for nine straight months.

• At the regional level, pending sales were higher on a year-over-year basis in all areas, with Southern California and Central Valley both increasing at a double-digit rate compared to last October.

• San Francisco Bay Area pending sales rose 16.3 percent to reach an index of 145.6 in October, up from September’s 125.2 and up 16.1 percent from October 2014’s 125.4 index.

• Pending home sales in Southern California increased to 94.3 in October, up 9.8 percent from 85.9 in September and up 9 percent from an index of 86.5 a year ago.

• Central Valley pending sales dropped in October to reach an index of 89.5, down 13.9 percent from September’s 103.9 index but up 18.6 percent from October 2014’s 75.5 index.

Equity and distressed housing market data:

• The share of equity sales – or non-distressed property sales – dipped in October but remained at the highest levels since the fall of 2007. Equity sales now make up 93.7 percent of all sales, up from 91.5 percent a year ago.

• The combined share of all distressed property sales (REOs and short sales) edged up in October to 6.3 percent of total sales, but was down from 8.5 percent a year ago.

• Fifteen of the 44 counties that C.A.R. reports showed month-to-month decreases in their share of distressed sales, with Mariposa having the smallest share of distressed sales at 0 percent, followed by San Francisco (0.4 percent), San Mateo (0.8 percent), and Santa Cruz (1.3 percent). Madera had the highest share of distressed sales at 19 percent, followed by Siskiyou (16.4 percent), Yuba (12.1 percent), and Tulare (11.9 percent).

October REALTOR® Market Pulse Survey**:

• More than one in four homes (27 percent) closed above asking price in October, and nearly half (47 percent) closed below asking price. One-fourth (25 percent) closed at asking price.

• For the one in four homes that sold above asking price, the premium paid over asking price fell to an average of 8.9 percent, down from 11 percent in September and up from 8.4 percent in October 2014.

• The 46 percent of homes that sold below asking price sold for an average of 12 percent below asking price in October, up from 10 percent in September and up from 6.3 percent in October 2014.

• About two-thirds (64 percent) of properties received multiple offers in October, indicating the market remains competitive. Fifty-one percent of properties received multiple offers in October 2014.

• The average number of offers per property increased to 3.2 in October, up from 2.4 in September and up from 2.3 in October 2014.

• With home prices leveling off in recent months, more sellers are adjusting their listing price to become more in line with buyers’ expectations. One-third (32 percent) of properties had price reductions in October, the highest level reached in the last 12 months.

• REALTOR® respondents reported that floor calls, listing appointments, and open house traffic all declined in October, mostly due to seasonal factors.

• When asked what REALTORS®’ biggest concerns are, more than one in five (22 percent) said low housing affordability, 21 percent indicated a lack of housing inventory, 16 percent cited overinflated home prices, and 12 percent said a slowdown in economic growth.

• On a positive note, four of five REALTORS® believe market conditions will either improve or remain the same next year.

Graphics (click links to open):

• Pending home sales by region.
• More transactions closing above asking price.
• Premium paid over asking price declines.
• REALTORS®’ expectations of market conditions.

*Note:  C.A.R.’s pending sales information is generated from a survey of more than 70 associations of REALTORS® and MLSs throughout the state.  Pending home sales are forward-looking indicators of future home sales activity, offering solid information on future changes in the direction of the market.  A sale is listed as pending after a seller has accepted a sales contract on a property.  The majority of pending home sales usually becomes closed sales transactions one to two months later.  The year 2008 was used as the benchmark for the Pending Homes Sales Index.  An index of 100 is equal to the average level of contract activity during 2008.

**C.A.R.’s Market Pulse Survey is a monthly online survey of more than 300 California REALTORS® to measure data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Truckee / Lake Tahoe Real Estate Statistics

Information provided by the Tahoe Sierra Multiple Listing Service, Inc. is deemed reliable, but not guaranteed. For assistance, please consult a real estate professional.

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Placer County Real Estate Market Statistics

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Nevada County Real Estate Market Statistics

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2016 Economic & Market Forecast

C.A.R. releases its 2016 housing market forecast

For release:
October 8, 2015

C.A.R. releases its 2016 California Housing Market Forecast

California home sales to increase slightly, while prices post slowest gain in five years

LOS ANGELES (Oct. 8) – California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast,” released today.

The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold.  Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey.  “However, in regions where inventory is tight, such as the San Francisco Bay Area, sales growth could be limited by stiff market competition and diminishing housing affordability. On the other hand, demand in less expensive areas such as Solano County, the Central Valley, and Riverside/San Bernardino areas will remain strong thanks to solid job growth in warehousing, transportation, logistics, and manufacturing in these areas.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015.  With nonfarm job growth of 2.3 percent in California, the state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300.  This is the slowest rate of price appreciation in five years.

“The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “However, the global economic slowdown, financial market volatility, and the anticipation of higher interest rates are some of the challenges that may have an adverse impact on the market’s momentum next year. Additionally, as we see more sales shift to inland regions of the state, the change in mix of sales will keep increases in the statewide median price tempered.”

2016 California Housing Market Forecast

  2010 2011 2012 2013 2014 2015p 2016f
SFH Resales (000s) 416.5 422.6 439.8 414.9 383.3 407.5 433.0
% Change -12.30% 1.40% 4.10% -5.90% -7.60% 6.30% 6.30%
Median Price ($000s) $305.0 $286.0 $319.3 $407.2 $447.0 $476.3 $491.3
% Change 10.9% -6.2% 11.6% 27.5% 9.8% 6.5% 3.2%
Housing Affordability Index 48% 53% 51% 36% 30% 31% 27%
30-Yr FRM 4.70% 4.50% 3.70% 4.00% 4.20% 3.90% 4.50%

p = projected
f = forecast

Leading the way …® in real estate news and information for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

September pending sales and Market Pulse Survey

For release:
October 22, 2015

California pending home sales a mixed bag in September

Central Valley and Bay Area regions move higher, Southern California records drop

LOS ANGELES (Oct. 22) – Pending home sales results varied across California in September, decreasing statewide and in Southern California, but increasing in the Central Valley and San Francisco Bay Area, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. All regions recorded year-over-year improvements, though.

In a separate report, California REALTORS® responding to C.A.R.’s September Market Pulse Survey saw an increase in sales with multiple offers compared with August and an increase in all cash purchases. However, floor calls and open house traffic declined, reflecting seasonal factors as the market enters the end of the home-buying season. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORS®, which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Pending home sales data:

• Statewide pending home sales decreased in September, with the Pending Home Sales Index (PHSI)* decreasing 1.5 percent from a revised 112.4 in August to 110.8 in September, based on signed contracts. The month-to-month decline was better than the average August- to-September loss of 3.4 percent observed in the last seven years.

• On an annual basis, statewide pending home sales were up 10.9 percent from the revised 99.9 index recorded in September 2014. Pending sales have been increasing on a year-over-year basis since September 2014 and have seen double-digit increases for eight straight months.

• At the regional level, pending sales were higher on a year-over-year basis in all areas, with Southern California and Central Valley both increasing by more than 10 percent over September a year ago.

• San Francisco Bay Area pending sales rose 4.6 percent to reach an index of 125.2 in September, up 4.6 percent from August’s 119.7 and up 4.6 percent from September 2014’s 119.7 index.

• Pending home sales in Southern California decreased to 85.9 in September, down 8.9 percent from 94.3 in August but up 10.2 percent from an index of 78 a year ago.

• Central Valley pending sales increased in September to reach an index of 103.9, up 4.6 percent from August’s 99.3 index and 14.1 percent from September 2014’s 91.1 index.

Equity and distressed housing market data:

• The share of equity sales – or non-distressed property sales – reached its highest level since the fall of 2007. Short sales continued to decline, while REO sales inched up slightly from August. Equity sales now make up 94.1 percent of all sales, up from 91.3 percent a year ago.

• Conversely, the combined share of all distressed property sales (REOs and short sales) fell in September to 5.9 percent of total sales, down from 8.7 percent a year ago.

• Twenty-one of the 44 counties that C.A.R. reports showed month-to-month decreases in their share of distressed sales, with Mendocino having the smallest share of distressed sales at 0 percent, followed by San Mateo (1 percent), San Francisco (1.3 percent) and Santa Clara (1.3 percent). Mariposa County had the highest share of distressed sales at 25 percent, followed by Lake (16.4 percent) and Tehama (15.8 percent).

September REALTOR® Market Pulse Survey**:

• Nearly one in four homes (23 percent) closed above asking price in September, but twice that amount (46 percent) closed below asking price, and nearly a third (31 percent) closed at asking price.

• For the one in four homes that sold above asking price, the premium paid over asking price increased to an average of 11 percent, up from 8.2 percent in August and up from 8.1 percent in September 2014.

• The 46 percent of homes that sold below asking price sold for an average of 10 percent below asking price in September, up from 11 percent in August but down from 5.8 percent in September 2014.

• The share of properties receiving multiple offers increased in September to 63 percent, up from 58 percent in August and 58 percent in September 2014.

• The average number of offers per property was unchanged at 2.4 in September and up minimally from 2.2 in September 2014.

• REALTOR® respondents reported that floor calls, listing appointments, and open house traffic all declined in September, reflecting the start of the off-peak home-buying season.

• When asked what REALTORS®’ biggest concerns are, more than one in five (22 percent) indicated a lack of housing inventory, 21 percent said low housing affordability, 15 percent cited a slowdown in economic growth, and another 12 percent said overinflated home prices.

Graphics (click links to open):

• Pending home sales by region.
• Fewer transactions closing above asking price.
• Premium paid over asking price.
• REALTORS®’ biggest concerns.

*Note:  C.A.R.’s pending sales information is generated from a survey of more than 70 associations of REALTORS® and MLSs throughout the state.  Pending home sales are forward-looking indicators of future home sales activity, offering solid information on future changes in the direction of the market.  A sale is listed as pending after a seller has accepted a sales contract on a property.  The majority of pending home sales usually becomes closed sales transactions one to two months later.  The year 2008 was used as the benchmark for the Pending Homes Sales Index.  An index of 100 is equal to the average level of contract activity during 2008.

**C.A.R.’s Market Pulse Survey is a monthly online survey of more than 300 California REALTORS® to measure data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Nevada County Real Estate Market Statistics

Nevada County Real Estate Market Statistics

…………………………………………………………….Nevada County Real Estate Market Statistics………………………………………………………….

Placer County Real Estate Market Statistics

Placer County Real Estate Sales Statistics

…………………………………………………………………Placer County Real Estate Sales Statistics………………………………………………………….

Existing-Home Sales Regain Momentum in September

WASHINGTON (October 22, 2015) — Existing–home sales rebounded strongly in September following August’s decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors®. All four major regions experienced sales gains in September.

Total existing–home sales1, which are completed transactions that include single–family homes, townhomes, condominiums and co–ops, increased 4.7 percent to a seasonally adjusted annual rate of 5.55 million in September from a slightly downwardly revised 5.30 million in August, and are now 8.8 percent above a year ago (5.10 million).

Lawrence Yun, NAR chief economist, says a slight moderation in home prices in some markets and mortgage rates remaining below 4 percent gave more households the confidence to close on a home last month. “September home sales bounced back solidly after slowing in August and are now at their second highest pace since February 2007 (5.79 million),” he said. “While current price growth around 6 percent is still roughly double the pace of wages, affordability has slightly improved since the spring and is helping to keep demand at a strong and sustained pace.”

The median existing–home price2 for all housing types in September was $221,900, which is 6.1 percent above September 2014 ($209,100). September’s price increase marks the 43rd consecutive month of year–over–year gains.

Total housing inventory3 at the end of September decreased 2.6 percent to 2.21 million existing homes available for sale, and is now 3.1 percent lower than a year ago (2.28 million). Unsold inventory is at a 4.8–month supply at the current sales pace, down from 5.1 months in August.

“Despite persistent inventory shortages, the housing market has made great strides this year, backed by an increasing share of pent–up sellers realizing the increased equity they’ve gained from rising home prices and using it towards trading up or moving into a smaller home,” says Yun. “Unfortunately, first–time buyers are still failing to generate any meaningful traction this year.”

First–time buyers fell to 29 percent of sales in September after climbing to their highest share of the year in August (32 percent). A year ago, first–time buyers represented 29 percent of all buyers.

NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark., says Realtors® strongly back the passing of H.R. 3700, the “Housing Opportunity Through Modernization Act of 2015.” Polychron testified in support of the bill yesterday before the U.S. House Financial Services Subcommittee on Housing and Insurance.

“This bill helps expand homeownership and rental housing opportunities at all levels and specifically includes changes to Federal Housing Administration policies that limit the flexible and affordable financing needed by many potential condo buyers — especially first–time buyers.”

All–cash sales rose to 24 percent of transactions in September (22 percent in August) and are unchanged from a year ago. Individual investors, who account for many cash sales, purchased 13 percent of homes in September, up from 12 percent in August but down from 14 percent a year ago. Sixty–seven percent of investors paid cash in September.

According to Freddie Mac, the average commitment rate for a 30–year, conventional, fixed–rate mortgage remained below 4 percent for the second consecutive month, declining slightly in September to 3.89 from 3.91 percent in August. A year ago, the average commitment rate was 4.16 percent.

Properties typically stayed on the market for 49 days in September, an increase from 47 days in August but below the 56 days in September 2014. Short sales were on the market the longest at a median of 135 days in September, while foreclosures sold in 57 days and non–distressed homes took 48 days. Thirty–eight percent of homes sold in September were on the market for less than a month.

Distressed sales4 — foreclosures and short sales — remained at 7 percent in September for the third consecutive month; they were 10 percent a year ago. Six percent of September sales were foreclosures and 1 percent (lowest since NAR began tracking in October 2008) were short sales. Foreclosures sold for an average discount of 17 percent below market value in September (18 percent in August), while short sales were discounted 19 percent (12 percent in August).

Single–family and Condo/Co–op Sales
Single–family home sales rose 5.3 percent to a seasonally adjusted annual rate of 4.93 million in September from 4.68 million in August, and are now 9.6 percent above the 4.50 million pace a year ago. The median existing single–family home price was $223,500 in September, up 6.6 percent from September 2014.

Existing condominium and co–op sales were at a seasonally adjusted annual rate of 620,000 units in September (unchanged from August), and are up 3.3 percent from September 2014 (600,000 units). The median existing condo price was $209,200 in September, which is 1.9 percent above a year ago.

Regional Breakdown
September existing–home sales in the Northeast jumped 8.6 percent to an annual rate of 760,000, and are 11.8 percent above a year ago. The median price in the Northeast was $256,500, which is 4.0 percent above September 2014.

In the Midwest, existing–home sales climbed 2.3 percent to an annual rate of 1.31 million in September, and are 12.0 percent above September 2014. The median price in the Midwest was $174,400, up 5.4 percent from a year ago.

Existing–home sales in the South rose 3.8 percent to an annual rate of 2.21 million in September, and are 5.7 percent above September 2014. The median price in the South was $191,500, up 6.2 percent from a year ago.

Existing–home sales in the West increased 6.7 percent to an annual rate of 1.27 million in September, and are 9.5 percent above a year ago. The median price in the West was $318,100, which is 8.0 percent above September 2014.

# # #

NOTE: For local information, please contact the local association of Realtors® for data from local multiple listing services. Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

1Existing–home sales, which include single–family, townhomes, condominiums and co–ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends outside of MLSs are not captured in the monthly series. NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.

Existing–home sales, based on closings, differ from the U.S. Census Bureau’s series on new single–family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing–home sales, which account for more than 90 percent of total home sales, are based on a much larger data sample — about 40 percent of multiple listing service data each month — and typically are not subject to large prior–month revisions.

The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

Single–family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single–family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single–family sales, combined with the corresponding quarterly sales rate for condos.

2The median price is where half sold for more and half sold for less; medians are more typical of market conditions than average prices, which are skewed higher by a relatively small share of upper–end transactions. The only valid comparisons for median prices are with the same period a year earlier due to seasonality in buying patterns. Month–to–month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year–ago median and mean prices sometimes are revised in an automated process if additional data is received.

The national median condo/co–op price often is higher than the median single–family home price because condos are concentrated in higher–cost housing markets. However, in a given area, single–family homes typically sell for more than condos as seen in NAR’s quarterly metro area price reports.

3Total inventory and month’s supply data are available back through 1999, while single–family inventory and month’s supply are available back to 1982 (prior to 1999, single–family sales accounted for more than 90 percent of transactions and condos were measured only on a quarterly basis).

4Distressed sales (foreclosures and short sales), days on market, first–time buyers, all–cash transactions and investors are from a monthly survey for the NAR’s Realtors® Confidence Index, posted at Realtor.org.

NOTE: The Pending Home Sales Index for September will be released October 29, and Existing–Home Sales for October will be released November 23; release times are 10:00 a.m. ET.