2015-12 County Sales & Price Public

7/25/2019 2015-12 County Sales & Price Public

1/16

CALIFORNIA HOUSINGMARKET UPDATE

Monthly Sales and Price Statistics

December 2015


2/16

SALES OF EXISTING DETACHED HOMES

California, Dec 2015 Sales: 405,530 Units, +6.4% YTD, +10.7% 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

Dec-15:405,530

Dec-14:366,460


3/16

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)


4/16

BAY AREA SALES (EXISTING SFH)

SERIES: Sales, Not Seasonally Adjusted


-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

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


5/16

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.


6/16

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.


7/16

SALES SHARE BY PRICE RANGE

14%

18% 17%

14%

19%

8% 7%

2%

11%

18% 17%14%

21%

9% 8%

2%

0%

10%

20%

30%

Dec-14 Dec-15

SERIES: Sales of Existing Detached Homes

SOURCE: CALIFORNIA ASSOCIATION OF REALTOaRS


8/16

CHANGE IN SALES BY PRICE RANGE

(Year-to-Year)

-15.4%

7.6% 8.5%

13.4%

23.1% 26.3%

28.1%

17.7%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

Dec-15

SERIES: Sales of Existing Detached Homes



9/16

MEDIAN PRICE OF EXISTING DETACHED HOMES

California, Dec 2015: $489,310, +2.6% MTM,+8.0% 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


Dec-15:$489,310

Dec-14:$453,270


10/16

-50%

-40%

-30%

-20%

-10%

0%

10%20%

30%

40%

50% Condo Single-Family Homes

HOME PRICE APPRECIATIONS HAVEMODERATED SINCE MID 2013

SERIES: Sales of SFH and Condo Units


YTY% Chg. in Price


11/16

CA MEDIAN PRICE (EXISTING SFH)

SERIES: Median Price, Not Seasonally Adjusted


-15%

-10%

-5%

0%

5%

10%

15%

Month-to-Month % Chg


12/16

PRICE PER SQUARE FOOT

Dec 2015: $230, Down 1.7% MTM, Up 3.6% YTY

$230

$0

$50

$100

$150

$200

$250

$300

$350

$400PRICE PERSQ.FT.

SERIES: Median Price Per Square Feet



13/16

SALES PRICE -TO-LIST PRICE RATIO

Dec 2015: 97.9%, Down 0.1% MTM, Up 1.0% YTY

98.1%

86%

88%

90%

92%

94%

96%

98%

100%

102%Sales-to-List Price Ratio

SERIES: Sales-to-List Ratio



14/16

INVENTORY CONTINUED TODECLINE FROM LAST YEAR

Dec 2014: 3.2 Months; Dec 2015: 2.8 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



15/16

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.

1.4

2.73.2

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



16/16

DEMAND SURGED IN DECEMBERBUT SUPPLY CONTINUED TO DECLINE

13%

9%

15%

-5%

-10%

-8%

-20%

-10%

0%

10%

20%

San Francisco Bay Area Southern California Central Valley

Sales Active ListingsYear-to-Year%Ch


Dec 2015

Documents

2015-12 County Sales & Price Public