2016-04 County Sales & Price Public PPT

8/17/2019 2016-04 County Sales & Price Public PPT

1/15

CALIFORNIA HOUSING

MARKET UPDATE

Monthly Sales and Price Statistics

April 2016


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SALES OF EXISTING DETACHED HOMES

California, Apr. 2016 Sales: 406,800 Units, +3.6% YTD, -5.4% YTY

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

*Sales are seasonally adjusted and annualizedSERIES: Sales of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Apr 16:406,800

Apr-15:430,030


3/15

CALIFORNIA SALES

(J AN 2000 – PRESENT)

SERIES:

Sales

of

Existing

Single

Family

Homes,

Not

Seasonally

AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%120%

140%

Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg)


4/15

BAY AREA SALES (EXISTING SFH)

SERIES: Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

-30%

-20%

-10%

0%

10%

20%

30%

Bay Area 6 per. Mov. Avg. (Bay Area) YoY % chg.


5/15

SOUTHERN CALIFORNIA (EXISTING SFH)


-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

So C A 6 per. Mov. Avg. (So CA) YoY % chg.


6/15

CENTRAL VALLEY SALES (EXISTING SFH)


-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Central Valley 6 per. Mov. Avg. (Central Valley) YoY % chg.


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SALES SHARE BY PRICE RANGE

10%

17%16%

14%

21%

10% 10%

3%

13%

17% 16%

14%

19%

9% 9%

3%

0%

10%

20%

30%

Apr-16 Apr-15

SERIES: Sales of Existing Detached HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®


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MEDIAN PRICE OF EXISTING DETACHED HOMES

California, Apr. 2016: $509,100, +5.3% MTM, +5.1% YTY

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000P: May-07$594,530

T: Feb-09$245,230-59% from

peak

SERIES: Median Price of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Apr-16:$509,100

Apr-15:$484,370


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-50%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50% Condo Single-Family Homes

HOME PRICE APPRECIATIONS HAVE

MODERATED SINCE MID 2013

SERIES: Sales of SFH and Condo UnitsSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

YTY% Chg. in Price


10/15

CA MEDIAN PRICE (EXISTING SFH)

SERIES: Median Price, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

-15%

-10%

-5%

0%

5%

10%

15%

Month-to-Month % Chg


11/15

PRICE PER SQUARE FOOT

Apr. 2016: $244, Up 7.3% MTM, Up 4.2% YTY

$0

$50

$100

$150

$200

$250

$300

$350

$400PRICE PER SQ. FT.

SERIES: Median Price Per Square FeetSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Apr-16:$244

Apr-15:$234


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SALES PRICE -TO-LIST PRICE RATIO

Apr. 2016: 99.3%, Up 0.5% MTM, Up 0.5% YTY

86%

88%

90%

92%

94%

96%

98%

100%

Sales-to-List Price Ratio

SERIES: Sales-to-List RatioSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Apr-16:99.3%Apr-15:

99.0%


13/15

UII UP FROM LAST YEAR BUT

DUE PRIMARILY TO SALES DECLINEApr. 2015: 3.4 Months; Apr. 2016: 3.5 Months

Note: “Unsold Inventory Index” represents the number of months it would take to sell the remaining inventory for the month inquestion. The remaining inventory for the month is defined as the number of properties that were “Active”, “Pending”, and“Contingent” (when available) and divide the sum by the number of “Sold” properties for the month in question.

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

SERIES: Unsold Inventory Index of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®


14/15

INVENTORY DROPPED SIGNIFICANTLY

IN THE BAY AREA SINCE 2009

Note: “Unsold Inventory Index” represents the number of months it would take to sell the remaining inventory for the month inquestion. The remaining inventory for the month is defined as the number of properties that were “Active”, “Pending”, and“Contingent” (when available) and divide the sum by the number of “Sold” properties for the month in question.

2.5

3.8

3.3

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0 Bay Area So CA Central Valley

SERIES: Unsold Inventory Index of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®


15/15

SUPPLY DROPPED IN SO CA AND CENTRAL

VALLEY, BUT UP IN THE BAY AREA

-13%

-4%

0%

3%

-3%

-12%

-20%

-10%

0%

10%

San Francisco Bay Area Southern California Central Valley

Sales Active Listings Yea -to-Yea % Ch

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Apr. 2016

2016-04 County Sales & Price Public PPT

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