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California home sales cool in August as price gains temper. The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only.
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7/17/2019 County Sales & Price, August 2015
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CALIFORNIA
HOUSING MARKETUPDATE
Monthly Sales and Price Statistics
August 2015
7/17/2019 County Sales & Price, August 2015
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SALES OF EXISTING DETACHED HOMES
California, Aug 2015 Sales: 431,800 Units, +7.4%YTD, +9.3%YTY
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
J a n - 0 5
J u l - 0 5
J a n - 0 6
J u l - 0 6
J a n - 0 7
J u l - 0 7
J a n - 0 8
J u l - 0 8
J a n - 0 9
J u l - 0 9
J a n - 1 0
J u l - 1 0
J a n - 1 1
J u l - 1 1
J a n - 1 2
J u l - 1 2
J a n - 1 3
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J a n - 1 4
J u l - 1 4
J a n - 1 5
J u l - 1 5
*Sales are seasonally adjusted and annualizedSERIES: Sales of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Aug-15:431,800
Aug-14:395,080
7/17/2019 County Sales & Price, August 2015
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CALIFORNIA SALES
SERIES: Sales of Existing Single Family Homes, Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
J a n - 1 0
A p r - 1 0
J u l - 1 0
O c t - 1 0
J a n - 1 1
A p r - 1 1
J u l - 1 1
O c t - 1 1
J a n - 1 2
A p r - 1 2
J u l - 1 2
O c t - 1 2
J a n - 1 3
A p r - 1 3
J u l - 1 3
O c t - 1 3
J a n - 1 4
A p r - 1 4
J u l - 1 4
O c t - 1 4
J a n - 1 5
A p r - 1 5
J u l - 1 5
Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg)
7/17/2019 County Sales & Price, August 2015
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CHANGE IN SALES BY PRICE RANGE
(Year-to-Year)
-12.0%
11.2%
7.8%
12.6%
10.2% 10.6%8.8%
7.8%
-15%
-10%
-5%
0%
5%
10%
15%
Aug-15
SERIES: Sales of Existing Detached Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
7/17/2019 County Sales & Price, August 2015
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SALES SHARE BY PRICE RANGE
14%
17% 16%13%
20%
10% 9%
3%
11%
17%16%
14%
20%
10% 9%
3%
0%
10%
20%
30%
Aug-14 Aug-15
SERIES: Sales of Existing Detached Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
7/17/2019 County Sales & Price, August 2015
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BAY AREA SALES (EXISTING SFH)
SERIES: Sales, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
J a n - 1 0
A p r - 1 0
J u l - 1 0
O c t - 1 0
J a n - 1 1
A p r - 1 1
J u l - 1 1
O c t - 1 1
J a n - 1 2
A p r - 1 2
J u l - 1 2
O c t - 1 2
J a n - 1 3
A p r - 1 3
J u l - 1 3
O c t - 1 3
J a n - 1 4
A p r - 1 4
J u l - 1 4
O c t - 1 4
J a n - 1 5
A p r - 1 5
J u l - 1 5
Bay Area 6 per. Mov. Avg. (Bay Area)
7/17/2019 County Sales & Price, August 2015
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CENTRAL VALLEY SALES (EXISTING SFH)
SERIES: Sales, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
J a n - 1 0
A p r - 1 0
J u l - 1 0
O c t - 1 0
J a n - 1 1
A p r - 1 1
J u l - 1 1
O c t - 1 1
J a n - 1 2
A p r - 1 2
J u l - 1 2
O c t - 1 2
J a n - 1 3
A p r - 1 3
J u l - 1 3
O c t - 1 3
J a n - 1 4
A p r - 1 4
J u l - 1 4
O c t - 1 4
J a n - 1 5
A p r - 1 5
J u l - 1 5
Central Valley 6 per. Mov. Avg. (Central Valley)
7/17/2019 County Sales & Price, August 2015
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SOUTHERN CALIFORNIA (EXISTING SFH)
SERIES: Sales, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
J a n - 1 0
A p r - 1 0
J u l - 1 0
O c t - 1 0
J a n - 1 1
A p r - 1 1
J u l - 1 1
O c t - 1 1
J a n - 1 2
A p r - 1 2
J u l - 1 2
O c t - 1 2
J a n - 1 3
A p r - 1 3
J u l - 1 3
O c t - 1 3
J a n - 1 4
A p r - 1 4
J u l - 1 4
O c t - 1 4
J a n - 1 5
A p r - 1 5
J u l - 1 5
So CA 6 per. Mov. Avg. (So CA)
7/17/2019 County Sales & Price, August 2015
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MEDIAN PRICE OF EXISTING DETACHED HOMES
California, Aug 2015: $493,420, 1.0% MTM, +2.5%YTY
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
J a n - 0 5
J u l - 0 5
J a n - 0 6
J u l - 0 6
J a n - 0 7
J u l - 0 7
J a n - 0 8
J u l - 0 8
J a n - 0 9
J u l - 0 9
J a n - 1 0
J u l - 1 0
J a n - 1 1
J u l - 1 1
J a n - 1 2
J u l - 1 2
J a n - 1 3
J u l - 1 3
J a n - 1 4
J u l - 1 4
J a n - 1 5
J u l - 1 5
P: May-07$594,530
T: Feb-09$245,230-59% frompeak
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Aug-15:$493,420
Aug-14:$481,250
7/17/2019 County Sales & Price, August 2015
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CA MEDIAN PRICE (EXISTING SFH)
SERIES: Median Price, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-15%
-10%
-5%
0%
5%
10%
15%
J a n - 0 5
J u n - 0 5
N o v - 0 5
A p r - 0 6
S e p - 0 6
F e b - 0 7
J u l - 0 7
D e c - 0 7
M a y - 0 8
O c t - 0 8
M a r - 0 9
A u g - 0 9
J a n - 1 0
J u n - 1 0
N o v - 1 0
A p r - 1 1
S e p - 1 1
F e b - 1 2
J u l - 1 2
D e c - 1 2
M a y - 1 3
O c t - 1 3
M a r - 1 4
A u g - 1 4
J a n - 1 5
J u n - 1 5
Month-to-Month % Chg
7/17/2019 County Sales & Price, August 2015
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INVENTORY CONTINUED TODECLINE FROM LASTYEAR
Aug 2014: 4.0 Months; Aug 2015: 3.6 Months
Note: “Unsold Inventory Index” represents the number of months it would take to sell the remaining inventory for the month in question. Theremaining inventory for the month is defined as the number of properties that were “Active”, “Pending”, and “Contingent” (when available) anddivide the sum by the number of “Sold” properties for the month in question.
0
2
4
6
8
10
12
14
16
18
J a n - 0 5
J u l - 0 5
J a n - …
J u l - 0 6
J a n - 0 7
J u l - 0 7
J a n - …
J u l - 0 8
J a n - …
J u l - 0 9
J a n - 1 0
J u l - 1 0
J a n - 1 1
J u l - 1 1
J a n - 1 2
J u l - 1 2
J a n - 1 3
J u l - 1 3
J a n - 1 4
J u l - 1 4
J a n - 1 5
J u l - 1 5
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
7/17/2019 County Sales & Price, August 2015
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INVENTORY DROPPED SIGNIFICANTLY
IN 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 in question. Theremaining inventory for the month is defined as the number of properties that were “Active”, “Pending”, and “Contingent” (when available) anddivide the sum by the number of “Sold” properties for the month in question.
2.3
3.6
3.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15
Bay Area Central Valley So CA
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
7/17/2019 County Sales & Price, August 2015
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PRICE PER SQUARE FOOT
Aug 2015: $238, Down 1% MTM, Up 0.2%YTY
$0
$50
$100
$150
$200
$250
$300
$350
$400
J a n - 0 7
A p r - 0 7
J u l - 0 7
O c t - 0 7
J a n - 0 8
A p r - 0 8
J u l - 0 8
O c t - 0 8
J a n - 0 9
A p r - 0 9
J u l - 0 9
O c t - 0 9
J a n - 1 0
A p r - 1 0
J u l - 1 0
O c t - 1 0
J a n - 1 1
A p r - 1 1
J u l - 1 1
O c t - 1 1
J a n - 1 2
A p r - 1 2
J u l - 1 2
O c t - 1 2
J a n - 1 3
A p r - 1 3
J u l - 1 3
O c t - 1 3
J a n - 1 4
A p r - 1 4
J u l - 1 4
O c t - 1 4
J a n - 1 5
A p r - 1 5
J u l - 1 5
PRICE PER SQ. FT.
SERIES: Median Price Per Square Feet
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
7/17/2019 County Sales & Price, August 2015
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SALES-TO-LIST RATIO
Aug 2015: 98.8%, Down 0.2% MTM, Up 0.5%YTY
98.8%
86%
88%
90%
92%
94%
96%
98%
100%
102%
J a n - 0 7
A p r - 0 7
J u l - 0 7
O c t - 0 7
J a n - 0 8
A p r - 0 8
J u l - 0 8
O c t - 0 8
J a n - 0 9
A p r - 0 9
J u l - 0 9
O c t - 0 9
J a n - 1 0
A p r - 1 0
J u l - 1 0
O c t - 1 0
J a n - 1 1
A p r - 1 1
J u l - 1 1
O c t - 1 1
J a n - 1 2
A p r - 1 2
J u l - 1 2
O c t - 1 2
J a n - 1 3
A p r - 1 3
J u l - 1 3
O c t - 1 3
J a n - 1 4
A p r - 1 4
J u l - 1 4
O c t - 1 4
J a n - 1 5
A p r - 1 5
J u l - 1 5
Sales-to-List Price Ratio
SERIES: Sales-to-List Ratio
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
7/17/2019 County Sales & Price, August 2015
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DEMAND OUTPACING SUPPLY
0%
7%
13%
-12%
-7%
-1%
-20%
-10%
0%
10%
20%
San Francisco Bay Area Southern California Central Valley
Sales Active ListingsYear-to-Year % Chg
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Aug 2015
