Monday, June 05, 2006

Sacramento Area Listings Movies: April 9 - June 1, 2006


Inventory continues to grow rapidly across Sacramento County. Between May 4 and June 1, for-sale inventory in Sacramento County grew by 1017 listings, or by 12%, to 9,756. The rate of growth also continues to accelerate. In April, Sacramento County averaged 24 new listings per day, while May averaged 35 per day. The four-county Sacramento region surpassed the all-time inventory record of 13,507 on May 4, and it stood at 15,539 on June 1. If this rate of inventory increase continues, the Sacramento region will pass the population-adjusted record of 17,913 during the second week of July.

I’ve included two new movies for you to check out. The first is the same as my May 23 post, with added frames. The second is a close-up of the city of Elk Grove during the same time period. I recommend setting the video in a loop so you can watch the listings pop on and off the market and move through different price ranges.

Once again you’ll need DivX to view these videos. Download the free package at divx.com and you’ll be set.

Sacramento County: April 9 - June 1, 2006
Elk Grove Zoom: April 9 - June 1, 2006
DivX Video Software

4 comments :

Anonymous said...

Between 1980 and 1983 Trustee Deeds rose by 981%. Between 1990 and 1996 Trustee Deeds rose 981% Coincidence???? Estimates of Trustee's Deeds rising through the next five to ten years are 1500% -2000% Why? Interst rates in the past went down. Now they'll go up. There's no magic as to what's going to happen. I'm looking for leading indicators. Your numbers are lagging indicators. You need to go backwards to see where we are headed.
~Caddis

Max said...

I'm curious as to where you get your "Estimates." There are some signs that lenders are becoming more flexible when dealing with people in trouble, which might help shore up the market in near term. Also, the UK is a good example of how a government can act to perpetuate a situation. It looks like the FHA here in the US is about to do the same.

I've been working hard at keeping this blog as neutral as possible by only presenting the data as I collect it. I try to only make conclusions based on this hard data, and my goal is to help serve as a point of reference for the arguments.

If you want to draw conclusions, fine. But remember, nobody really knows for sure how all this will turn out.

Anonymous said...

I can guarntee you that trustee's deeds will rise by at least 981%. Like I said, here in California we're faced with something new to the equation, lower ( but increasing ) interest rates. That's why theres the "estimate"

Banks of course want to be flexible. They wouldn't want to give the impression that they are hard to work with. Remember, they borrow their money from the fed. And if they want to maintain in good standing with the fed, they need to move some bad loans off the books...hence short sales. Now, what happens when 70k people have trustee deeds filed against them ( as in 1997 Southern California? ) No bank is prepared for that type of flexibility. Matter of fact, banks stopped filing foreclosures because there was too many foreclosures to process.

Like you, my conclusions are based on hard data...of the past.

You should consider the affordability index as a factor in your data. It's probably the most important statistic in evaluating California Real Estate.

~Caddis

Anonymous said...

Can you do some comparisons of low-end, to mid-range, to high-end housing? I'd be curious to see exactly how things are shaping up. Is one part of the market being affected more than others?

Thanks,
Phil