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8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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CALIFORNIA HOUSING
MARKET UPDATE
Monthly Sales and Price Statistics
April 2016
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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)
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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.
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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SOUTHERN CALIFORNIA (EXISTING SFH)
SERIES: Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
So C A 6 per. Mov. Avg. (So CA) YoY % chg.
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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CENTRAL VALLEY SALES (EXISTING SFH)
SERIES: Sales, Not Seasonally AdjustedSOURCE: 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.
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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®
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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%
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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®
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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®
8/17/2019 2016-04 County Sales & Price Public PPT.pdf
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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