Posts Tagged ‘Market Statistics’

Calif. Real Estate Fast Facts

Thursday, September 27th, 2012

Calif. Median Home Price: August 2012: $343,820 (Source: C.A.R.)
– Calif. highest median home price by region/county August 2012: Marin, $806,450 (Source: C.A.R.)
– Calif. lowest median home price by region/county August 2012: Tehama, $89,170 (Source: C.A.R.)
 
Calif. Pending Home Sales Index: August 2012: 118.9, up 2.7 percent from July’s 115.8
 
Calif. Traditional Housing Affordability Index: Second quarter 2012: 51 percent (Source: C.A.R.)
 
Mortgage rates: Week ending 9/20/2012:
– 30-yr. fixed: 3.49% fees/points: 0.6%
– 15-yr. fixed: 2.77 fees/points: 0.6% 1-yr.
– Adjustable: 2.61% Fees/points: 0.4% (Source: Freddie Mac)


——————————

Thanks for reading this blog and I welcome your comments.

-Sylvia E. Miller
Cell: 805-448-8882

Remember my virtual compatriots, until we blog again, “Always Look on the Bright Side of Life” (from Monty Python)!

Brokers’ Confidence in Market Increases

Wednesday, September 26th, 2012

WEDNESDAY, SEPTEMBER 26, 2012.
By Inman News.

Real estate brokerage executives are increasingly confident about housing markets and the economy. That’s according to a “Thought Leader” survey of more than 850 brokerage executives at leading franchises and independent brokerage firms that handled more than one-third of U.S. residential real estate transactions last year.

The survey, conducted in September by real estate marketing technology firm Imprev Inc., found 81.5 percent of brokerage executives were more confident about the housing market than they were in January.

Most (70.8 percent) said they were “highly confident” (6.2 percent) or “confident” (64.6 percent) that the housing market would continue to improve in the next 12 months, compared to 30.8 percent who said they were “less than confident.”


Survey question: How confident are you that the housing market will continue to improve in the next 12 months?
SELECTIONS
PERCENTAGE OF RESPONDERS
Confident
64.6%
Less than confident
30.8%
Highly confident
6.2%
Not confident at all
1.5%


Source: Imprev Inc.
———————————

Thanks for reading this blog and I welcome your comments.

-Sylvia E. Miller
Cell: 805-448-8882

Remember my virtual compatriots, until we blog again, “Always Look on the Bright Side of Life” (from Monty Python)!

Shortage of California homes up for sale

Thursday, September 20th, 2012

After years of having too many homes and not enough buyers, real estate agents in California now have the opposite problem – too many buyers and not enough homes for sale.


Making sense of the story:


  • The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported Monday that its
    statewide inventory of unsold homes index for existing, single-family detached homes
    fell to 3.2 months in August from 3.5 months in July and 5.2 months in August 2011.

  • The index reflects the number of months needed to sell the supply of homes on the
    market at the current sales rate. A six- to seven-month supply is considered normal.
    When the number goes higher, inventory is plentiful and it’s considered a buyer’s
    market. When the number goes lower, the advantage goes to the seller.

  • Declining inventory helps explain why the statewide median price of an existing, singlefamily
    detached home rose to $343,820 in August, up 3 percent from July and up 15.5
    percent from August 2011, according to C.A.R.

  • Nationwide, the inventory of homes for sale also has declined. In July, there was a 6.4-
    month supply of homes compared with 9.3 months in July 2011. The current number is
    in line with the long-term average, according to the NATIONAL ASSOCIATION OF
    REALTORS®. However, NAR also acknowledges there are “acute shortages” in places
    such as California, Arizona, Nevada, and parts of Florida.

  • Also constraining supply is the fact that so many homeowners are underwater – or owe
    more than their homes are worth – and unable to sell without taking a loss. As prices
    rise, more homes will increase in value, but it’s going to take time. Meanwhile, there are
    still a lot of homes that are not likely to come onto the market.

  • At some point, the balance will tip, but it’s hard to predict when. When banks decide
    prices are high enough, they will start unloading houses they have been sitting on,
    according to the chief economist for Trulia.


  • Source: San Francisco Chronicle

    Thanks for reading this blog and I welcome your comments.

    -Sylvia E. Miller
    Cell: 805-448-8882

    Remember my virtual compatriots, until we blog again, “Always Look on the Bright Side of Life” (from Monty Python)!

    CALIFORNIA LOVE

    Thursday, August 30th, 2012
    MOVING HABITS PF CALIFORNIANS

    MOVING HABITS PF CALIFORNIANS

    California Median Home Prices

    Thursday, August 30th, 2012
    California Home Prices

    California Home Prices

    Santa Barbara Home Sales Statistics Jan-Oct 2010

    Wednesday, November 17th, 2010

    Santa Barbara home sales during October 2010 for all Santa Barbara communities, including all neighborhoods of the city of Santa Barbara, Montecito, Hope Ranch, Carpinteria, Summerland and Goleta declined from the activity seen during September. While the number of sales have declined 6 out of the last 7 months, there is good news. Two out of the last three months have seen more than 90 newly opened escrows. With this surge in pending home escrows, sales should remain strong through the remaining months of 2010. The median sales price decreased slightly from $879,000 in September to $864,000 in October; and the average sales price increased from $1.57 million in September to $1.63 million in October.

    Time Period: 10/01/10-10/31/10

    Property Type: Homes (excluding condos)
    Areas Included: The greater Santa Barbara area, including Santa Barbara, Montecito, Hope Ranch, Carpinteria/Summerland and Goleta.

    MARKET DATA*:

    • Number of Closed Sales: 65, sales down from 74 in Sept ’10.
    • Median Sales Price: $864,000, down from $879,000 Sept in  ’10.
    • Average Sales Price: $1.63 million, up from $1.58 million in Sept ’10.
    • Sales Price to Original List Price Ratio: 80%, down from 92% in Sept ’10.
    • Number of Pended Escrows: 96, up from 78 in Sept ’10.
    • Total Inventory: 584 homes, down from 629 in Sept ’10.
    • Number of New Listings: 115, down from 138 in Sept ’10.
    • Median List Price of New Listings: $995,000, up from $975,000 in Sept ’10.
    • Median List Price of Overall Inventory: $1.5 million, same as $1.5 million in Sept ’10.
    Santa Barbara Home Sales October 2010

    Santa Barbara Home Sales Year To Date as of October 31, 2010

    – // –

    Santa Barbara Median Sales Price Year to Date as of October 31, 2010

    Santa Barbara Median Sales Price Year to Date as of October 31, 2010

    Thanks for reading this blog and I welcome your comments.

    -Sylvia E. Miller
    Cell: 805-448-8882

    Remember my virtual compatriots, until we blog again, “Always Look on the Bright Side of Life” (from Monty Python)!

    – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –
    Sylvia Elizabeth Miller
    , ‘The Right Realtor® For You’
    Coastal Properties, Inc
    1086 Coast Village Rd,
    Santa Barbara, CA 93108
    Email: sylvia@sanbarb.com ~ Cell:
    805-448-8882 ~ Toll Free: 877-San-Barb
    Web: SantaBarbaraConnection.com

    Santa Barbara Real Estate Connection

    Santa Barbara Real Estate Connection

    – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

    © Copyright Sylvia E. Miller, Sylvia Miller Real Estate Services Blog 2010. All rights reserved.
    California Department of Real Estate #: 00558548

    – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –