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
February 18, 2010
CONTACT:
Michael Lyon
CEO
(916) 978-4266
FAX (916) 481-7592
30% Gain in REO Inventories Slows
January Sales
TRENDGRAPHIX’s latest report shows that closed
sales decreased 31 percent during the month of January for the Tri-County
region of Sacramento, Placer and El Dorado Counties; while REO inventory increased
by 30%. “With steady increases in
bank-owned (REO) inventory since November, buyers have been given more to
choose from,” states Michael Lyon, CEO, Lyon Real Estate. “The short term
effect is a drop in sales; as buyers take a step back to look at the new homes
on the market. However, with pending sales up 14%, this drop in sales won’t
last. We will see buyers taking advantage of greater inventories and cheaper
interest rates.”
January 2010
inventory of 5,953 homes for
sale is 42 percent lower than January
2008 inventory. This is a 61 percent decrease for the regional inventory record
high of 15,302 set in August 2007.
COUNTY HIGHS AND
LOWS
Sacramento County sales decreased
35 percent from December to January 2010. Inventory increased 6 percent during
the month of January. Pending sales increased
by 30 percent in the month of January. 59 percent of the homes sold for under
$200,000; 36 percent of the homes sold for between $200,000 and $400,000; and 5
percent of the homes sold for over $400,000.
The average price per square foot decreased by 3 percent during the
month of January to $120.
Placer County sales decreased
by 21 percent and inventory increased by 2 percent during the month of January 2010.
Pending sales increased by 45 percent from December to January. 5 percent
of the homes sold for under $200,000; 50 percent of the homes sold for between
$200,000 and $400,000; and 45 percent of the homes sold for over $400,000. The
average price per square foot increased 2 percent during the month of January to $146.
El Dorado County showed a 25 percent decrease in sales from December
to January, and the inventory decreased
by 4 percent from December to January.
Pending sales have increased 38 percent during the month of January. 22 percent of the homes sold for under
$200,000; 43 percent of the homes sold for between $200,000 and $400,000; and 35
percent of the homes sold for over $400,000.
The average price per square foot decreased 3 percent during the month
of January to $150.
Yolo County sales decreased
by 39 percent for January 2010 and
the inventory remained the same at 323. Pending
sales increased 50 percent during the month of January. 28 percent of the homes
sold for under $200,000; 52 percent of the homes sold for between $200,000 and
$400,000; and 20 percent of the homes sold for over $400,000. The average price per square foot increased
10 percent during the month of January
to $162.
Nevada County sales have decreased
by 49 percent during the month of January,
and inventory decreased 4 percent.
Pending sales increased by 67 percent. 9 percent of the homes sold for
under $200,000; 30 percent of the homes sold for between $200,000 and $400,000;
and 61 percent of the homes sold for over $400,000. The average price per square foot increased
by 6 percent during the month of January
to $200.
San Joaquin County sales have decreased
by 24 percent during the month of January,
and inventory increased 2 percent from December to January. Pending sales increased 28 percent. 41
percent of the homes sold for under $200,000; 46 percent of the homes sold for
between $200,000 and $400,000; and 13 percent of the homes sold for over
$400,000. The average price per square
foot decreased 4 percent during the month of January to $97.
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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