The document analyzes California's housing market statistics from January 2017. Sales of existing homes increased year-over-year while prices rose moderately. Inventory levels remained low across the state, especially in the Bay Area where listings dropped over 12% from the previous year.
The document analyzes California's housing market statistics from January 2017. Sales of existing homes increased year-over-year while prices rose moderately. Inventory levels remained low across the state, especially in the Bay Area where listings dropped over 12% from the previous year.
The document analyzes California's housing market statistics from January 2017. Sales of existing homes increased year-over-year while prices rose moderately. Inventory levels remained low across the state, especially in the Bay Area where listings dropped over 12% from the previous year.
The document analyzes California's housing market statistics from January 2017. Sales of existing homes increased year-over-year while prices rose moderately. Inventory levels remained low across the state, especially in the Bay Area where listings dropped over 12% from the previous year.
January 2016 Sales of Existing Detached Homes California, Jan. 2017 Sales: 420,000 Units, +4.4% YTD, +4.4% YTY 700,000
600,000 Jan-16: Jan-17: 402,220 420,100 500,000
400,000
300,000
200,000
100,000
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS *Sales are seasonally adjusted and annualized California Sales (Jan 2000 Present) Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg) 140% 120% 100% 80% 60% 40% 20% 0% -20% -40% -60%
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Bay Area Sales (Existing SFH) Bay Area 6 per. Mov. Avg. (Bay Area) YoY % chg. 30%
20%
10%
0%
-10%
-20%
-30%
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Southern California (Existing SFH) So CA 6 per. Mov. Avg. (So CA) YoY % chg. 40%
30%
20%
10%
0%
-10%
-20%
-30%
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Central Valley Sales (Existing SFH) Central Valley 6 per. Mov. Avg. (Central Valley) YoY % chg. 30%
20%
10%
0%
-10%
-20%
-30%
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Sales Share by Price Range Jan-17 Jan-16 30%
21% 20% 20% 18% 19% 17% 16% 13% 14% 14%
10% 9% 9% 10% 8% 7%
3% 2%
0%
SERIES: Sales of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Median Price of Existing Detached Homes California, January 2017: $489,580, -3.8% MTM, +4.8% YTY P: May-07 $700,000 $594,530 Jan-16: Jan-17: $600,000 $467,160 $489,580
$500,000 T: Feb-09 $245,230 $400,000 -59% from peak $300,000
$200,000
$100,000
$-
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Home Price Appreciations Have Moderated Since Mid 2013 50% Condo Single-Family Homes 40%
30%
20% YTY% Chg. in Price
10%
0%
-10%
-20%
-30%
-40%
-50%
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS CA Median Price (Existing SFH) Month-to-Month % Chg 15%
10%
5%
0%
-5%
-10%
-15%
SERIES: Median Price of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Price Per Square Foot January 2017: $240, Down 0.8% MTM, Up 5.3% YTY $400
$350 Jan-17: $300 Jan-16: $240 $228 PRICE PER SQ. FT.
$250
$200
$150
$100
$50
$0
SERIES: Median Price Per Square Feet of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Sales Price -to-List Price Ratio January 2017: 98.1%, Even 0% MTM, Up 0.3% YTY Jan-16: Jan-17: 97.8% 98.1% 100%
98% Sales-to-List Price Ratio
96%
94%
92%
90%
88%
86%
SERIES: Sales to List Ratio of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS UII remained at low levels decreasing from last year Jan. 2015: 2.8 Months; Jan. 2016: 2.6 Months 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
Note: Unsold Inventory Index represents the number of months it would take to sell the remaining inventory for the month in question. 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.
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Inventory Dropped Significantly in the Bay Area since 2009 9.0 Bay Area So CA Central Valley
8.0
7.0
6.0
5.0
4.0 4.0
3.0 3.5
2.0 2.5
1.0
0.0
Note: Unsold Inventory Index represents the number of months it would take to sell the remaining inventory for the month in question. 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.
SERIES: Unsold Inventory Index of Existing Single Family Homes
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS Supply Dropped in Each Region January 2017
Sales Active Listings
10%
4% 4% Year-to-Year % Chg
0% -1% -3%
-10%
-12% -13%
-20% San Francisco Bay Area Southern California Central Valley
SERIES: Sales and Listings of Existing Single Family Homes
