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CALIFORNIA HOUSINGMARKET UPDATE
Monthly Sales and Price Statistics
February 2016
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SALES OF EXISTING DETACHED HOMES
California, Feb. 2016 Sales: 393,340 Units, +7.6% YTD, +6.4% 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®
Feb-16:393,340
Feb-15:369,620
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CALIFORNIA SALES(JAN 2000 – PRESENT)
SERIES: Sales of Existing Single Family Homes, Not Seasonally Adjusted
SOURCE: 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)
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BAY AREA SALES (EXISTING SFH)
SERIES: Sales, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
Bay Area 6 per. Mov. Avg. (Bay Area)YoY % chg.
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CENTRAL VALLEY SALES (EXISTING SFH)
SERIES: Sales, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-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
14%
18% 18%
14%
19%
8% 7%
2%
12%
19%
17%14%
20%
8% 8%
2%
0%
10%
20%
30%
Feb-15 Feb-16
SERIES: Sales of Existing Detached Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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MEDIAN PRICE OF EXISTING DETACHED HOMES
California, Feb. 2016: $446,460, -4.7% MTM, +3.8% YTY
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000 P: May-07$594,530
T: Feb-09$245,230-59% frompeak
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Feb-16:$446,460
Feb-15:$429,930
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CA MEDIAN PRICE (EXISTING SFH)
SERIES: Median Price, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-15%
-10%
-5%
0%
5%
10%
15%
Month-to-Month % Chg
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PRICE PER SQUARE FOOT
Feb. 2016: $222, Down 2.1% MTM, Up 1.4% YTY
$0
$50
$100
$150
$200
$250
$300
$350
$400PRICE PERSQ.FT.
SERIES: Median Price Per Square Feet
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Feb-16:$222
Feb-15:$219
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SALES PRICE -TO-LIST PRICE RATIO
Feb. 2016: 98.2%, Up 0.4% MTM, Up 0.3% YTY
86%
88%
90%
92%
94%
96%
98%
100%
102%Sales-to-List Price Ratio
SERIES: Sales-to-List Ratio
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Feb-16:97.9%
Feb-15:98.2%
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INVENTORY CONTINUED TODECLINE FROM LAST YEAR
Feb. 2015: 4.9 Months; Feb. 2016: 4.6 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
10.012.0
14.0
16.0
18.0
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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INVENTORY DROPPED SIGNIFICANTLYIN THE BAY AREA SINCE 2009 BUT REMAINED TIGHT
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.
3.2
4.2
5.2
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0 Bay Area Central Valley So CA
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DEMAND INCREASED IN FEBRUARYBUT SUPPLY CONTINUED TO DECLINE
-5%
1%
7%
-3%
-4%
-9%-10%
0%
10%
San Francisco Bay Area Southern California Central Valley
Sales Active ListingsYear-to-Year %Ch
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Feb. 2016