TRENDGRAPHIX MONTHLY REAL ESTATE REPORT
BROUGHT TO YOU BY
F O R I M M E D I A T E R E L
E A S E
CONTACT: Pat Shea, President
(916) 690-0980
2011 Ends with a
Bang!
December set the table for a very
solid start to the 2012 real estate market in the 4-core counties of which
comprises the Greater Sacramento Area. 2,790 new contracts in Sacramento,
Placer, El Dorado and Yolo counties
represents a 3% increase over November’s number and a whopping 56%
increase compared to December of 2010.
45% of these new contracts consisted of short-sale transactions. This
signifies a continued trend among note holders to mitigate institutional losses
and also allow distressed sellers to rebuild their financial lives more
swiftly.
Another bright spot appears in the
price range of $400,000 and above. Although 182 sales represented a 10% dip
from November, it still maintains a 26% increase over December 2010. Consider
again, the strength of November and December open contracts combined to be
optimistic about the first quarter of the New Year.
“Supply side economics will focus
your attention on a glaring issue,” stated Pat Shea, President, Lyon Real
Estate. “Months of inventory, which is calculated by the rate of sale compared
to standing inventory, compares as follows:
“Agents and Buyers alike continue to
hope for more of the REO or Bank Owned listings to hit the market. Otherwise,
they will be heavily dependent upon a steady stream of short-sale listings and
successful negotiations with existing lien holders. Review of these metrics
might suggest that housing prices will begin a slight rise,” continued Shea.
“Other factors, such as consumer confidence, unemployment and interest rates
will also have an impact. Many experts believe that we are bouncing around market
bottom and could see a small but steady improvement in number of units sold and
price point in 2012.”
Core Counties Combined -
|
County |
|
Current Month |
|
Prior Month |
Var % |
|
Same
Mo Prior
Year |
Var % |
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
All Sales |
|
|
|
|
|
|
|
|
|
Closed Sales |
|
2,338 |
|
2,240 |
4% |
|
2,279 |
3% |
|
New Contracts |
|
2,790 |
|
2,704 |
3% |
|
1,786 |
56% |
|
Inventory |
|
5,258 |
|
5,813 |
-10% |
|
8,417 |
-38% |
|
Months of Inventory |
|
2.2 |
|
2.6 |
-13% |
|
3.7 |
-39% |
|
Avg Sales
Price (in Thousands) |
|
$222 |
|
$215 |
3% |
|
$234 |
-5% |
|
Avg Sales
Price Per Sq Ft |
|
$119 |
|
$117 |
2% |
|
$125 |
-4% |
|
|
|
|
|
|
|
|
|
|
|
Short Sales
Breakout |
|
|
|
|
|
|
|
|
|
Closed Sales |
|
713 |
|
655 |
9% |
|
543 |
31% |
|
New Contracts |
|
1,264 |
|
1,209 |
5% |
|
452 |
180% |
|
Inventory |
|
1,734 |
|
1,861 |
-7% |
|
3,044 |
-43% |
|
Months of Inventory |
|
2.4 |
|
2.8 |
-14% |
|
5.6 |
-57% |
|
Avg Sales
Price (in Thousands) |
|
$218 |
|
$203 |
7% |
|
$236 |
-8% |
|
Avg Sales
Price Per Sq Ft |
|
$113 |
|
$109 |
4% |
|
$119 |
-5% |
|
|
|
|
|
|
|
|
|
|
|
REO Sales Breakout |
|
|
|
|
|
|
|
|
|
Closed Sales |
|
702 |
|
704 |
0% |
|
902 |
-22% |
|
New Contracts |
|
772 |
|
629 |
23% |
|
823 |
-6% |
|
Inventory |
|
1,018 |
|
1,054 |
-3% |
|
1,930 |
-47% |
|
Months of Inventory |
|
1.5 |
|
1.5 |
-3% |
|
2.1 |
-32% |
|
Avg Sales
Price (in Thousands) |
|
$161 |
|
$165 |
-3% |
|
$187 |
-14% |
|
Avg Sales
Price Per Sq Ft |
|
$97 |
|
$97 |
0% |
|
$107 |
-9% |
|
|
|
|
|
|
|
|
|
|
|
$400K Sales &
Over Breakout |
|
|
|
|
|
|
|
|
|
Closed Sales |
|
197 |
|
171 |
15% |
|
228 |
-14% |
|
New Contracts |
|
182 |
|
203 |
-10% |
|
145 |
26% |
|
Inventory |
|
1,015 |
|
1,167 |
-13% |
|
1,337 |
-24% |
|
Months of Inventory |
|
5.2 |
|
6.8 |
-25% |
|
5.9 |
-12% |
|
Avg Sales
Price (in Thousands) |
|
$588 |
|
$558 |
5% |
|
$557 |
6% |
|
Avg Sales
Price Per Sq Ft |
|
$175 |
|
$173 |
1% |
|
$169 |
4% |
Short Sales & REO
Sales as Percentage of Total Sales
|
|
Current Month |
Prior Month |
Same Month Last
Year |
||||||
|
|
Reg |
SS |
REO |
Reg |
SS |
REO |
Reg |
SS |
REO |
|
Closed
Sales |
39.5% |
30.5% |
30.0% |
39.3% |
29.2% |
31.4% |
36.6% |
23.8% |
39.6% |
|
New
Contracts |
27.0% |
45.3% |
27.7% |
32.0% |
44.7% |
23.3% |
28.6% |
25.3% |
46.1% |
About
Trendgraphix, Inc.
Trendgraphix, Inc. is a real estate reporting company based in