Category Archives: Reports

Real Property Report – California, June 2015

By | California, California Real Property Report, Foreclosure, Home Sales, Investing | No Comments

Real Property Report – California, June 2015 California Home Sales and Median Prices Jump in June Median Home Prices Up 2.5 Percent to $415,000 Sales Gain 8.5 Percent CALIFORNIA, JULY 15, 2015 — On a year-over-year basis, sales were up 16.4 percent from 35,681 in June 2014. Driving the increase in sales was the 19.9 percent year-over-year increase in non-distressed property sales. Of note to investors, distressed property sales volume has remained nearly unchanged for 18 months and continues to remain a source of opportunity. “After a mediocre May, California real estate sales took off in June,” said Madeline Schnapp,…

Read More

Real Property Report – California, May 2015

By | California, California Real Property Report, Flipping, Foreclosure, Home Sales, Homeowner Equity, Housing Market, Negative Equity, Reports | No Comments

Real Property Report – California, May 2015 California Median Home Prices and Sales Retreat in May Median Home Prices Fall 1.8 Percent to $396,750, Sales Down 3.5 Percent CALIFORNIA, JUNE 23, 2015 —   What is unusual this month is the decrease in sales was due to a decline in both distressed and non-distressed property sales that fell 8.6 percent and 2.5 percent, respectively.  The monthly decline in non-distressed sales is the first May decline since 2005. On a year-over-year basis, sales were up slightly, gaining 2.3 percent from 36,096 in May 2014. Regionally, year-over-year sales were down 3.5 percent…

Read More

Real Property Report – California, April 2015

By | California, California Real Property Report, Foreclosure, Home Sales, Housing Market, Short Sales | No Comments

Real Property Report – California, April 2015 California Median Home Price Soars Past $400,000 Mark Highest Since December 2007 Home Sales Up 9.0 Percent from March CALIFORNIA, MAY 19, 2015 — California single-family home and condominium sales were up 9.0 percent in April 2015. April sales were 37,009 up from 33,946 in March. The increase in sales volume was predominantly due to the 9.2 percent gain in non-distressed property sales that accounted for 83.0 percent of total sales. On a year-over-year basis, sales volumes were up 5.8 percent from 34,995 in April 2014 to 37,009 in April 2015. Regionally, year-over-year sales…

Read More
PropertyRadar-March-2015-California-Property-Report

Real Property Report – California, March 2015

By | California, California Real Property Report, Economy, Housing Market, Investing | One Comment

Real Property Report – California, March 2015 California Home Sales Not Drying Up March Sales Jump 33.1 Percent From February, Median Price Gains 4.8 Percent March 2015 California single-family home and condominium sales were 31,989, a 33.1 percent jump from 24,031 in February, the biggest March increase in three years. Driving the increase in sales was the 36.7 percent increase in non-distressed property sales for the month. Non-distressed property sales in March represented 82.8 percent of total sales, up from 79.7 percent a year earlier and a low of 24.3 percent in January 2009. On a year-over-year basis, sales were up 8.8…

Read More
Medianshort

Real Property Report – California, February 2015

By | California, California Real Property Report, Economy, Housing Market, Investing | No Comments

Real Property Report – California, February 2015 February Sales Up 3.3 Percent From January Median Price Gains 1.6 Percent   February 2015 California single-family home and condominium sales were 23,404, up 3.3 percent from 22,659 in January, the largest February increase since 2012. On a year-over-year basis, sales were down 2.4 percent. Regionally, February sales were up 2.0 percent across the nine Bay Area counties, 4.7 percent in Southern California, and 9.5 percent in Central California. “Home sales picked up in February,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “The acceleration is likely due to the mild winter weather…

Read More
Sales_1_15 (1)

Real Property Report – California, January 2015

By | California, California Real Property Report, Investing, Realtors | No Comments

Normal Seasonal Forces Push California Real Estate Sales Lower January Sales Down 23.4 Percent from December Median Price Falls 2.6 Percent January 2015 California single-family home and condominium sales fell 23.4 percent to 22,850 from 29,821 in December 2014. On a year-over-year basis, sales were down 6.1 percent. Regionally, year-over-year sales were down 8.4 percent across the nine Bay Area counties, 4.1 percent in Southern California, and 10.1 percent in Central California. “Seasonal forces typically depress January sales,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “Still, January 2015 sales are the lowest January sales since 2008, despite near…

Read More
Dec2014TotalSales

Real Property Report – California, December 2014

By | California, California Real Property Report, Investing, Realtors | No Comments

December Sales Up 7 Percent Month-over-Month Sales for All of 2014 Down 11.4 Percent Y-o-Y Median Prices Nearly Unchanged Since May 2014 December California single-family home and condominium sales increased 7.0 percent to 27,770 units, up from 25,964 in November but down 11.4 from 31,340 in December 2013. Total sales for the entire year (January through December) fell 11.7 percent from 2013 and were the lowest since 2007. “As we predicted early in 2014, sales volume stayed near 7-year lows throughout 2014 because prices rose too far too fast in 2012 and 2013,” said Madeline Schnapp, Director of Economic Research…

Read More
Nov14Median

Real Property Report – California, November 2014

By | California, California Real Property Report, Investing, Realtors | No Comments

Normal Seasonal Forces Slow California Real Estate Sales November Sales Tumble 17.6 Percent Month-over-Month Median Prices Flat As is typical during the late fall and winter season, real estate sales declined in November. California single-family home and condominium sales fell 17.6 percent to 27,649 units from 33,561 in October. Year-over-year, sales were down 8.4 percent from 30,184 sales in November 2013. On a regional basis, for the month, sales declined 31.7 percent in the Bay Area, 21.3 percent in Southern California, and 24.8 percent in the Central Valley. “The California real estate market has entered its annual hibernation period characterized…

Read More
CASeptemberSales

Real Property Report – California, October 2014

By | California, California Real Property Report, Investing, Realtors | No Comments

October Sales Up 4.4 Percent Month-over-Month Median Prices Flat October 2014 California single-family home and condominium sales increased 4.4 percent to 33,376 units from 31,985 in September. Year-over-year, sales were down 5.3 percent from 35,256 sales in October 2013. On a regional basis, for the month, sales were up 2.0 percent in the Bay Area, 4.3 percent in Southern California, and down 1.6 percent in the Central Valley. The median price of a California home in October was 385,000 dollars, unchanged from September. Median prices have been more or less unchanged since June 2014. On a year-ago basis, median home…

Read More
SeptTrusteeSales

Real Property Report – California, September 2014

By | California, California Real Property Report, Investing, Realtors | No Comments

California Real Estate Market Stuck in Low Gear September Sales Limited by High Prices and  Relatively Tough Lending Standards  September 2014 California single-family home and condominium sales fell 5.6 percent to 32,017 units from 33,931 in August. In the past 12 months, sales are down 4.4 percent from 33,484 sales in September 2013. September 2014 sales were the lowest September sales since 2007. On a regional basis, over the past 12 months sales are down 3.7 percent in the Bay Area, 4.9 percent in Southern California, and 8.3 percent in the Central Valley. “The California real estate market is stuck…

Read More