Saturday, July 11, 2009

Sacramento Regional Real Estate Trends for July 11, 2009

Summary Of Changes for Sacramento County

 
Week of 2009-07-11
Since 2009-07-04
Since 2008-07-12
Direction
#
%
Direction
#
%
Inventory
6723
Up
121
1.799%
Up
-2243
-25%
Median Asking Price
$198000
Up
-$1000
-0.5%
Up
-$31990
-13.9%
Average Asking Price
$258574
Up
-$1542
-0.59%
Up
-$35955
-12.1%
Average Asking Price Per SQFT
$147
Up
-$1
-0.70%
Up
-$24
-14.0%
SIT Inventory
3015
Up
36
1.2%
Up
-1478
-32.8%
FIT Inventory
742
Up
10
1.400%
Up
-1403
-65.4%
New Listings
712
Up
55
8.400%
Up
-135
-15.9%
Price Drops
357
Up
62
21%
Up
-379
-51.5%
Price Increases
18
Up
-1
-5.29%
Up
-4
-18.1%

Four County Inventory Levels



Inventory on 2009-07-11: 11249



Asking Price Levels



Price Inventory Levels



Asking Price Distribution



Troubled Inventory Levels



Flipper Market Share



Sellers In Trouble Market Share



Sellers In Trouble Days Since Last Sale



Asking Price Average Percent Loss



Asking Price Total Dollar Losses

(millions)



Weekly Inventory Price Changes



Weekly Inventory Price Changes

4 comments :

Wadin' In said...

Max,

I have been waiting to see if this would happen: Houses foreclosing for the second time since the bubble popped.

It appears to be happening to a house at 5140 Monteverde Lane in Lincoln. It is a 3285 SF house. Wells Fargo financed the first $920,000 purchase in 2005. They foreclosed and sold it for $694,000to a knife catcher.

The new FB used 100% financing
(80/20) in 2008! What idiot lender was still doing that? Provident Funding Associates.

Well the new FB has now bled out and is offering the property on a short sale for $379,000.

How low can you go????

patient renter said...

Wadin: We've still got plenty of time for at least one more foreclosure after this one.

husmanen said...

Wow! Wish we were seeing these kind of percent off peak numbers in EDH and Folsom. We still have a long way to go.

Thanks for sharing!

Max said...

Lincoln is a poster child for the collapse; thanks for the example. I actually found an old listing that showed it under construction with an asking price of $1,028,000 on Aug 5, 2006! :) Gotta love the current listing description:

"This beautiful home has been gently lived in and is full of upgrades."

More like "never lived in." $115/sqft isn't bad, but the $220/month HOA kills it. With rent in Lincoln Crossing well below $2K/month, at $375K you're not even close to breaking even.