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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
January 13, 2009
CONTACT: Michael Lyon
CEO
(916) 978-4266
FAX (916) 481-7592
2008 Numbers Hint at 2009 Trends
“Lyon’s summary chart of 2009 activity gives a clear picture of a
market driven by bank-owned or REO properties,” said Michael Lyon, CEO of
Lyon Real Estate. “Counties with more expensive homes are now starting to
see REOs increase. Overall, sales are up over ’07 with the largest increases
coming from the REO market.”
“In 2008, prices declined across the board. The strongest trend is seen
when viewing the section showing the most affected price brackets. For sales
and inventory, the market under $200k saw the greatest increase in activity.
It is likely we will continue to see robust sales in this price bracket in 2009,
as this has become one of the most robust buyers market since the 1990s.”
12 Month Recap 4 County Sacramento Placer El Dorado Yolo
San
Joaquin
(Stockton)
Inventory Overall
- REO -11.40% -16.90% -8.60% 47.50% 33.60% 9.10%
- NON REO -37.50% -43.50% -26.70% -18.70% -42.20% -48.70%
Sales Overall
- REO 202.00% 230.00% 97.10% 32.40% 256.00% 486.30%
- NON REO 9.80% 12.60% 3.00% -17.60% 42.30% 13.90%
Median Price Gain/Loss
- REO -34.10% -35.00% -15.10% -28.80% -4.20% -42.90%
- NON REO -19.80% -25.80% -11.80% -7.10% -8.50% -30.90%
Average Sold Price Gain/Loss
- REO -31.20% -30.80% -17.40% -29.60% -20.90% -39.30%
- NON REO -23.60% -25.90% -25.00% -13.90% -3.80% -30.90%
Price per sqft Gain/Loss
- REO -26.90% -28.30% -11.20% -20.80% -29.50% -35.00%
- NON REO -20.80% -21.90% -22.70% -16.00% -14.50% -30.90%
12 Month Recap 4 County Sacramento Placer El Dorado Yolo
San
Joaquin
(Stockton)
Most impacted price bracket
- REO <200K 300K-399K <200K <200K <200K <200K
- Inventory Gain/Loss 89.00% -65.90% 462.50% 240.00% 290.90% 265.80%
- NON REO <200K <200K <200K <200K <200K <200K
- Inventory Gain/Loss 60.10% 76.70% 511.10% 257.10% 262.50% 136.70%
- REO <200K <200K <200K <200K <200K <200K
- Sales- Gain/Loss 586.80% 600.00% 625.00% 250.00% 500.00% 1763.90%
- NON REO <200K <200K <200K 200K-299K <200K <200K
- Sales- Gain/Loss 326.10% 335.90% 266.70% 66.70% 500.00% 268.40%
TRENDGRAPHIX’s latest report shows that sales increased 6 percent
during the month of December for the Tri-County region of Sacramento,
Placer and El Dorado Counties. December 2008 sales were 90 percent higher
than December 2007 sales. Pending sales increased by 13 percent from
November to December 2008.
December 2008 inventory of 8,964 homes for sale is 32 percent lower
than December 2007 inventory. This is a 41 percent decrease for the
regional inventory record high of 15,302 set in August 2007.
COUNTY HIGHS AND LOWS
Sacramento County sales increased 8 percent from November to
December 2008. Inventory decreased 6 percent during the month of
December. Pending sales increased by 13 percent in the month of
December. 58 percent of the homes sold for under $200,000; 36 percent of
the homes sold for between $200,000 and $400,000; and 6 percent of the
homes sold for over $400,000. The average price per square foot decreased
by 2 percent during the month of December to $121.
Placer County sales increased by 7 percent and inventory decreased
by 5 percent during the month of December 2008. Pending sales increased
by 13 percent from November to December. 13 percent of the homes sold
for under $200,000; 64 percent of the homes sold for between $200,000
and $400,000; and 23 percent of the homes sold for over $400,000. The
average price per square foot decreased 3 percent during the month of
December at $151.
El Dorado County showed a 16 percent decrease in sales from
November to December, and the inventory decreased by 7 percent from
November to December. Pending sales have increased 1 percent during the
month of December. 17 percent of the homes sold for under $200,000; 45
percent of the homes sold for between $200,000 and $400,000; and 38
percent of the homes sold for over $400,000. The average price per square
foot decreased by 4 percent during the month of December to $166.
Yolo County showed a 24 percent increase in sales for December and
the inventory increased by 1 percent. Pending sales decreased 16 percent
during the month of December. 30 percent of the homes sold for under
$200,000; 53 percent of the homes sold for between $200,000 and
$400,000; and 17 percent of the homes sold for over $400,000. The
average price per square foot decreased by 12 percent during the month of
December to $153.
Nevada County sales have decreased by 18 percent during the
month of December, and inventory decreased 12 percent. Pending sales
increased by 4 percent. 0 percent of the homes sold for under $200,000; 39
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 decreased by 1 percent during the month of December at $193.
San Joaquin County sales have increased by 8 percent during the
month of December, and inventory decreased 4 percent from November to
December. Pending sales are up 13 percent. 43 percent of the homes sold
for under $200,000; 47 percent of the homes sold for between $200,000
and $400,000; and 10 percent of the homes sold for over $400,000. The
average price per square foot decreased 4 percent to $101 in December.
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