TRENDGRAPHIX
MONTHLY REAL ESTATE REPORT
BROUGHT TO YOU BY
Lyon Real
Estate
3640 American
River Drive, Suite 100, Sacramento,
CA 95864
F
O R I M M E D I A T E R E L E A S E
July 19, 2010
CONTACT: Michael Lyon
CEO
(916) 978-4266
FAX (916) 481-7592
Pended
Sales Rebound
TRENDGRAPHIX’s
latest report shows a 38% increase in pended sales for the month of June for
the four-county region of Sacramento, Placer, El Dorado and Yolo
Counties. This increase was
surprising; especially given the 12% decline in pended sales the previous
month. Seeing such a steep increase in sales in conjunction with increasing
inventory and flat prices is not common. “We can only attribute this to 50 year
lows in interest rates and well priced inventory,” stated Michael Lyon, CEO - Lyon
Real Estate. “Most sellers realize that only aggressively priced properties are
selling now; which is giving buyers a lot of options. This latest jump in pended
sales is yet another recovery step towards stable housing prices.”
The June Trendgraphix report also
shows that closed sales decreased 2% during the month of June for the four-county
region of Sacramento, Placer, El
Dorado and Yolo
Counties; and June 2010 sales were 2% lower than
June 2009. June 2010 inventory of 7,529
homes for sale is 4% higher than June
2009 inventory, representing a 51% decrease from the regional inventory record
high of 15,302 homes for sale set in August 2007.
COUNTY HIGHS AND
LOWS
Sacramento County
sales decreased 3 percent from May to June 2010. Inventory increased 8 percent
during the month of June. Pending sales increased
by 42 percent in the month of June. 52 percent of the homes sold for under
$200,000; 41 percent of the homes sold for between $200,000 and $400,000; and 7
percent of the homes sold for over $400,000.
The average price per square foot decreased 2 percent during the month
of June to $125.
Placer County
sales increased by 5 percent and inventory increased by 8 percent during the
month of June 2010. Pending sales increased by 25 percent from May
to June. 4 percent of the homes sold for under $200,000; 51 percent of the
homes sold for between $200,000 and $400,000; and 45 percent of the homes sold
for over $400,000. The average price per square foot decreased by 1 percent during
the month of June to $146.
El
Dorado
County sales
decreased by 1 percent from May to June,
and the inventory increased by 7 percent from May to June. Pending sales have increased 43 percent
during the month of June. 21 percent of the homes sold for under $200,000;
39 percent of the homes sold for between $200,000 and $400,000; and 40 percent
of the homes sold for over $400,000. The
average price per square foot increased 1 percent during the month of June to $153.
Yolo County
sales decreased by 15 percent for June
2010 and the inventory increased by 2 percent.
Pending sales increased 37 percent during the month of June. 24 percent
of the homes sold for under $200,000; 48 percent of the homes sold for between
$200,000 and $400,000; and 28 percent of the homes sold for over $400,000. The average price per square foot increased 6
percent during the month of June
to $171.
Nevada County sales
have increased by 48 percent during the month of June, and inventory increased 9 percent. Pending sales decreased by 17 percent. 5
percent of homes sold for under $200,000; 48 percent of the homes sold for
between $200,000 and $400,000; and 47 percent of the homes sold for over
$400,000. The average price per square
foot increased by 9 percent during the month of June to $190.
San
Joaquin County
sales have increased by 4 percent during the month of June, and inventory increased by 9 percent in June. Pending sales increased 34 percent. 38
percent of the homes sold for under $200,000; 50 percent of the homes sold for
between $200,000 and $400,000; and 12 percent of the homes sold for over
$400,000. The average price per square
foot decreased 2 percent during the month of June to $101.
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About Trendgraphix, Inc.
Trendgraphix, Inc. is a real estate reporting company based in Sacramento that uses local MLS data to
provide highly-visual market statistical graphs to real estate
brokers, agents, and MLS/Realtor associations across the USA. Trendgraphix's
programs are currently used by tens of thousands of agents in more than
100 brokerages in 18 U.S.
states. For more information visit www.TrendGraphix.com
or email mcarter@trendgraphix.com