Category Archives: Reports

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…

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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…

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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…

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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…

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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…

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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…

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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…

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TrusteeLLC

Real Property Report – California, August 2014

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

Bloom Off the California Real Estate Rose August 2014 Sales Down 13.5 Percent from August 2013 Median Prices Fall in Half of California’s Largest 26 Counties   In August 2014, 34,269 California single-family homes and condominiums were sold, down 4.2 percent from July’s total of 35,787 and a decline of 13.5 percent from 39,614 sales in August 2013. August 2014 sales were the lowest August sales since 2010. On a regional basis, over the past 12 months sales are down 15.7 percent in the Bay Area, 16.7 percent in Southern California, and 18.8 percent in the Central Valley. “The bloom is…

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SalesJune2014

Real Property Report – California, July 2014

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

Median Prices Fall in 13 of California’s Largest 26 Counties Year-to-Date Sales Lowest Since 2008 California single-family home and condominium sales gained 3.9 percent in July 2014 but were down 9.2 percent from July 2013. Year-to-date sales for the first seven months of the year are the lowest since 2008. The overall decline in sales is due to several factors: the decline in affordability due to rapid price increases, the rise in mortgage interest rates, lack of affordable inventory, and the rapid decline in distressed property sales. Whereas in July 2013 25.6 percent of sales were distressed properties, in July…

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LLC Purchases

Real Property Report – California, June 2014

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

Double-Digit Monthly Gains in Median Home Prices Likely a Thing of the Past June Sales Volume Lowest Since 2008 California single-family home and condominium sales gained 0.6 percent in June 2014 but were down 12.6 percent from June 2013. Year-to-date sales for the first six months of the year are the lowest since 2008. For the month, non-distressed property sales increased 2.8 percent while sales of distressed properties fell 9.1 percent. “June marks the sixth consecutive month that sales have been lower on a year-over-year basis,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “The lack of distressed property…

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