2016-01 County Sales & Price Public

7/24/2019 2016-01 County Sales & Price Public

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CALIFORNIA HOUSINGMARKET UPDATE

Monthly Sales and Price Statistics

January 2016


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SALES OF EXISTING DETACHED HOMES

California, Jan 2016 Sales: 383,670 Units, +8.8% YTD, +8.8% YTY

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

*Sales are seasonally adjusted and annualizedSERIES: Sales of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

Jan-16:383,670

Jan-15:352,640


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CALIFORNIA SALES(JAN 2000 PRESENT)

SERIES: Sales of Existing Single Family Homes, Not Seasonally Adjusted

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

120%

140%

Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg)


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BAY AREA SALES (EXISTING SFH)

SERIES: Sales, Not Seasonally Adjusted


-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Bay Area 6 per. Mov. Avg. (Bay Area)YoY % chg.


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CENTRAL VALLEY SALES (EXISTING SFH)



-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Central Valley 6 per. Mov. Avg. (Central Valley)YoY % chg.


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SOUTHERN CALIFORNIA (EXISTING SFH)



-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

So CA 6 per. Mov. Avg. (So CA)YoY % chg.


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SALES SHARE BY PRICE RANGE

16%

19%

17%14%

18%

7% 7%

2%

12%

18%

16%14%

20%

9%7%

2%

0%

10%

20%

30%

Jan-15 Jan-16

SERIES: Sales of Existing Detached Homes



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MEDIAN PRICE OF EXISTING DETACHED HOMES

California, Jan 2016: $468,330, -4.3% MTM, +9.2% YTY

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000 P: May-07$594,530

T: Feb-09$245,230-59% frompeak

SERIES: Median Price of Existing Single Family Homes


Jan-16:$468,330

Jan-15:$428,980


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CA MEDIAN PRICE (EXISTING SFH)

SERIES: Median Price, Not Seasonally Adjusted


-15%

-10%

-5%

0%

5%

10%

15%

Month-to-Month % Chg


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PRICE PER SQUARE FOOT

Jan 2016: $227, Down 1.4% MTM, Up 7.0% YTY

$227

$0

$50

$100

$150

$200

$250

$300

$350

$400PRICE PERSQ.FT.

SERIES: Median Price Per Square Feet



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SALES PRICE -TO-LIST PRICE RATIO

Jan 2016: 97.9%, Flat 0.0% MTM, Up 0.7% YTY

97.9%

86%

88%

90%

92%

94%

96%

98%

100%

102%Sales-to-List Price Ratio

SERIES: Sales-to-List Ratio



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INVENTORY CONTINUED TODECLINE FROM LAST YEAR

Jan 2015: 4.9 Months; Jan 2016: 4.3 Months

Note: Unsold Inventory Index represents the number of months it would take to sell the remaining inventory for the month inquestion. The remaining inventory for the month is defined as the number of properties that were Active, Pending, andContingent (when available) and divide the sum by the number of Sold properties for the month in question.

0

2

4

6

8

1012

14

16

18

SERIES: Unsold Inventory Index of Existing Single Family Homes



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INVENTORY DROPPED SIGNIFICANTLYIN THE BAY AREA SINCE 2009

BUT REMAINED TIGHT

Note: Unsold Inventory Index represents the number of months it would take to sell the remaining inventory for the month inquestion. The remaining inventory for the month is defined as the number of properties that were Active, Pending, andContingent (when available) and divide the sum by the number of Sold properties for the month in question.

2.4

4.24.7

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0 Bay Area Central Valley So CA

SERIES: Unsold Inventory Index of Existing Single Family Homes



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DEMAND INCREASED IN JANUARYBUT SUPPLY CONTINUED TO DECLINE

7% 7%

12%

-7% -8% -8%-10%

0%

10%

20%

San Francisco Bay Area Southern California Central Valley

Sales Active ListingsYear-to-Year%Ch


Jan 2016

2016-01 County Sales & Price Public

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