Wednesday, December 01, 2010

Sacramento Regional Real Estate Trends for November 27, 2010

Food for thought:

Average time it takes banks to foreclose: 492 days
Number of households in default: 7 million
Number of people affected by the 99-week unemployment extension debate: 2 million.

So if you were to lose your job today, you could potentially receive 24 months of unemployment and live in your house mortgage-free for 16 months. There are probably millions of people already doing this, and there will be a lot of pain if this ends before the economy improves.

Summary Of Changes for Sacramento County

 
Week of 2010-11-27
Since 2010-11-20
Since 2009-11-28
Direction
#
%
Direction
#
%
Inventory
7751
Down
-329
-4.10%
Up
981
14.49%
Median Asking Price
$169000
Up
$3100
1.899%
Down
-$20000
-10.6%
Average Asking Price
$200939
Up
$468
0.200%
Down
-$39794
-16.5%
Average Asking Price Per SQFT
$122
Steady
$0
0%
Down
-$17
-12.1%
SIT Inventory
3443
Down
-118
-3.30%
Up
435
14.49%
FIT Inventory
542
Down
-38
-6.60%
Down
-53
-8.90%
New Listings
591
Down
-400
-40.4%
Up
181
44.10%
Price Drops
377
Down
-286
-43.1%
Up
161
74.5%
Price Increases
29
Up
1
3.599%
Up
1
3.599%

Four County Inventory Levels

Inventory on 2010-11-27: 12002



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)

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