2016-03 County Sales & Price Public

8/18/2019 2016-03 County Sales & Price Public

1/16

CALIFORNIA HOUSINGMARKET UPDATE

Monthly Sales and Price Statistics

March 2016


2/16

SALES OF EXISTING DETACHED HOMES

California, Mar. 2016 Sales: 414,220 Units, +6.9% YTD, +5.7% 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®

Mar16:415,220

Mar-15:392,660


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


-30%

-20%

-10%

0%

10%

20%

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)



-30%

-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%

9% 8%

3%

11%

18%17%

14%

20%

9% 9%

3%

0%

10%

20%

30%

Mar-15 Mar-16

SERIES: Sales of Existing Detached Homes



8/16

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

SALES OF CONDO UNITS

California, Mar. 2016: 3,685 Units, +2.2% YTD, +1.1% YTY

SERIES: Sales of Condo Units



9/16

MEDIAN PRICE OF EXISTING DETACHED HOMES

California, Mar. 2016: $483,280, +8.9% MTM, +4.0% 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


Mar-16:$483,280

Mar-15:$464,640


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

Mar. 2016: $227, Up 4.1% MTM, Even 0% YTY

$0

$50

$100

$150

$200

$250

$300

$350

$400PRICE PERSQ.FT.

SERIES: Median Price Per Square Feet


Mar-16:$227

Mar-15:$227


13/16

SALES PRICE -TO-LIST PRICE RATIO

Mar. 2016: 98.8%, Up 0.6% MTM, Up 0.3% YTY

86%

88%

90%

92%

94%

96%

98%

100%

102%Sales-to-List Price Ratio

SERIES: Sales-to-List Ratio


Mar-16:98.8%

Mar-15:98.5%


14/16

INVENTORY CONTINUED TODECLINE FROM LAST YEAR

Mar. 2015: 3.6 Months; Mar. 2016: 3.8 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”, and“Contingent” (when available) and divide the sum by the number of “Sold” properties for the month in question.

0.0

2.0

4.0

6.0

8.0

10.012.0

14.0

16.0

18.0

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”, and“Contingent” (when available) and divide the sum by the number of “Sold” properties for the month in question.

3.2

4.44.1

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0 Bay Area So CA Central Valley

SERIES: Unsold Inventory Index of Existing Single Family Homes



16/16

DEMAND INCREASED IN FEBRUARYBUT SUPPLY CONTINUED TO DECLINE

-8%

1%

7%

3%

-3%

-9%

-20%

-10%

0%

10%

San Francisco Bay Area Southern California Central Valley

Sales Active ListingsYear-to-Year %Ch


Mar. 2016

Documents

2016-03 County Sales & Price Public