2015-12 county sales & price public
TRANSCRIPT
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CALIFORNIA HOUSINGMARKET UPDATE
Monthly Sales and Price Statistics
December 2015
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SALES OF EXISTING DETACHED HOMES
California, Dec 2015 Sales: 405,530 Units, +6.4% YTD, +10.7% 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
Dec-15:405,530
Dec-14:366,460
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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%
30%
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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SOUTHERN CALIFORNIA (EXISTING SFH)
SERIES: Sales, Not Seasonally Adjusted
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
So CA 6 per. Mov. Avg. (So CA)YoY % chg.
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SALES SHARE BY PRICE RANGE
14%
18% 17%
14%
19%
8% 7%
2%
11%
18% 17%14%
21%
9% 8%
2%
0%
10%
20%
30%
Dec-14 Dec-15
SERIES: Sales of Existing Detached Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTOaRS
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CHANGE IN SALES BY PRICE RANGE
(Year-to-Year)
-15.4%
7.6% 8.5%
13.4%
23.1% 26.3%
28.1%
17.7%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
Dec-15
SERIES: Sales of Existing Detached Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS
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MEDIAN PRICE OF EXISTING DETACHED HOMES
California, Dec 2015: $489,310, +2.6% MTM,+8.0% 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
Dec-15:$489,310
Dec-14:$453,270
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-50%
-40%
-30%
-20%
-10%
0%
10%20%
30%
40%
50% Condo Single-Family Homes
HOME PRICE APPRECIATIONS HAVEMODERATED SINCE MID 2013
SERIES: Sales of SFH and Condo Units
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS
YTY% Chg. in Price
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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
Dec 2015: $230, Down 1.7% MTM, Up 3.6% YTY
$230
$0
$50
$100
$150
$200
$250
$300
$350
$400PRICE PERSQ.FT.
SERIES: Median Price Per Square Feet
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS
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SALES PRICE -TO-LIST PRICE RATIO
Dec 2015: 97.9%, Down 0.1% MTM, Up 1.0% YTY
98.1%
86%
88%
90%
92%
94%
96%
98%
100%
102%Sales-to-List Price Ratio
SERIES: Sales-to-List Ratio
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS
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INVENTORY CONTINUED TODECLINE FROM LAST YEAR
Dec 2014: 3.2 Months; Dec 2015: 2.8 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, andContingent (when available) and divide the sum by the number of Sold properties for the month in question.
0
2
4
6
8
1012
14
16
18
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, andContingent (when available) and divide the sum by the number of Sold properties for the month in question.
1.4
2.73.2
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 SURGED IN DECEMBERBUT SUPPLY CONTINUED TO DECLINE
13%
9%
15%
-5%
-10%
-8%
-20%
-10%
0%
10%
20%
San Francisco Bay Area Southern California Central Valley
Sales Active ListingsYear-to-Year%Ch
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS
Dec 2015