Tuesday, April 03, 2007

Sacramento Sales Data Graphs: March 2007

While everybody is marveling at the February uptick in the latest NAR report, we at Sacrealstats are already in March. Here are the latest monthly sales graphs, with data courtesy of Agent Bubble. As you can see, last months good news was short-lived. Prices are down 8.4% from last March, and 11% from the peak.




13 comments :

Phil said...

Excellent information, as always. Keep up the good work!

Sippn said...

And timely - really appreciated.

Some bloke will soon be releasing 4th quarter data with a startling discovery (its late).

Gwynster said...

Fabulous work as always.

Still not seeing enough of a downturn in Yolo to make me bite yet.

I have seen a few homes come on the market so far over their value as to be unbelieveable. Part of me wonders if they have no intention of selling but have only listed to jack up the median price. The Davis market is small enough that a handful of crazy prices can make a difference.

Then they could be dreamers just hoping to get out before the 1000 new UCD housing units come online.

Pass me the tinfoil >; )

Max said...

Pass me the tinfoil >; )

Sorry, I used it all up when I lined the inside of all my clothes. They don't always come in through the head, you know. :)

Sippn said...

Gwynster - its a conspiracy of overextended subprime borrowers - how 'bout that drink!

Anonymous said...

Four of the state’s top five counties for foreclosure sales last month, on a per capita basis, are in the Valley.

Sacramento County ranks first with 2,605 residents for every sale. Neighboring San Joaquin County is third, one sale for every 2,872 residents. Yuba County is fourth, at 2,909 residents per sale and Stanislaus County is fifth with 3,597 residents per sale.

Sippn said...

Wow, a Tanta visit! Bows your way!

Max said...

I know. This blog has never been so honored. Almost makes me feel legit. :)

Real said...

Your stats are pretty interesting so I checked Zillow to see houses that recently sold in my neighboorhood (Gold Spike Village in Gold River)

Prices in $'s/ft^2

05/12/06 = $260
06/29/06 = $220
07/19/06 = $220
09/05/06 = $227
11/12/06 = $221
01/30/07 = $264
03/05/07 = $238

Now, for the houses with ~2,000 ft^2 (smaller houses) and for single story homes, the price is pretty steady at ~$260/ft, which is about the highest that was ever seen in the village so there has not been a decrease of the top. For the houses in the 2,500 ft^2 range, they have pretty much averaged around $210 - $230/ft^2 for the past 3 years depending on lot size, distance from the freeway, etc. So, I find it hard to believe that all neighboorhoods are suffering. The new builder neighboorhoods in Elk Grove and Natomas maybe - but established neighboorhoods like Gold River keep on rocking despite any turn in the economy or interest rates.

Now, when I bought in Gold River, I picked the neighboorhood specifically because I wanted a nazi-like HOA to ensure the problems like in Elk Grove never made it into my neighboorhood. So, while some of these areas come apart at the seams, I would expect a continual influx in Gold River which will likely cause a price INCREASE over the next 2-3 years. As always, real estate is about location, location, location....

Sippn said...

As much as I can be critical of Gold River, it is a very unique community, walkable with good schools, good grocery (retail both ends), good access to freeway, etc, etc... and they aren't making any more of it (location, location).


I don't think the hard ass HOA is really responsible for the success.

Maybe its the strip clubs..

Max said...

I don't think the hard ass HOA is really responsible for the success.

Maybe its the strip clubs..


I think it's the big flood insurance premium increases.

Naa, you're right. It's the strip clubs. :)

Anonymous said...

Gold River is strategically located near fine food and sexy dancers.

Real said...

Max - as far as flood insurance, we are protected by the natural banks of the river so only part of Gold River is in the 100 year flood zone - the new measure picks up more houses for the 200 year flood zone but my village (Gold Spike) is omitted altogether. For Gold River residents, the new measure goes against their interests. My flood plan is that the levies break downtown before the water threatens my home - as the new meaure it to strengthen the downtown levies, the measure is placing my home at greater risk. Further, because Gold River is natural river banks, not a penny of the new assessment will be used to ensure Gold River is safer. Despite this, it is BY FAR the best place to live in Sacramento - great place whether people are traveling to downtown or to Folsom for work, safe community with walking trails and parks throughout, convenient dining and shopping, big lots so you have a private 'wooded' feeling, etc - there is a reason why the prices have not gone down. I defy anyone to drive down Gold Country BLVD and not be inpressed with the community.