2016-02 County Sales & Price Public PPT

8/19/2019 2016-02 County Sales & Price Public PPT

1/14

CALIFORNIA HOUSINGMARKET UPDATE

Monthly Sales and Price Statistics

February 2016


2/14

SALES OF EXISTING DETACHED HOMES

California, Feb. 2016 Sales: 393,340 Units, +7.6% YTD, +6.4% 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®

Feb-16:393,340

Feb-15:369,620


3/14

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)


4/14

BAY AREA SALES (EXISTING SFH)

SERIES: Sales, Not Seasonally Adjusted


-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Bay Area 6 per. Mov. Avg. (Bay Area)YoY % chg.


5/14

CENTRAL VALLEY SALES (EXISTING SFH)

SERIES: Sales, Not Seasonally Adjusted


-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Central Valley 6 per. Mov. Avg. (Central Valley)YoY % chg.


6/14


7/14

SALES SHARE BY PRICE RANGE

14%

18% 18%

14%

19%

8% 7%

2%

12%

19%

17%14%

20%

8% 8%

2%

0%

10%

20%

30%

Feb-15 Feb-16

SERIES: Sales of Existing Detached Homes



8/14

MEDIAN PRICE OF EXISTING DETACHED HOMES

California, Feb. 2016: $446,460, -4.7% MTM, +3.8% 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


Feb-16:$446,460

Feb-15:$429,930


9/14

CA MEDIAN PRICE (EXISTING SFH)

SERIES: Median Price, Not Seasonally Adjusted


-15%

-10%

-5%

0%

5%

10%

15%

Month-to-Month % Chg


10/14

PRICE PER SQUARE FOOT

Feb. 2016: $222, Down 2.1% MTM, Up 1.4% YTY

$0

$50

$100

$150

$200

$250

$300

$350

$400PRICE PERSQ.FT.

SERIES: Median Price Per Square Feet


Feb-16:$222

Feb-15:$219


11/14

SALES PRICE -TO-LIST PRICE RATIO

Feb. 2016: 98.2%, Up 0.4% MTM, Up 0.3% YTY

86%

88%

90%

92%

94%

96%

98%

100%

102%Sales-to-List Price Ratio

SERIES: Sales-to-List Ratio


Feb-16:97.9%

Feb-15:98.2%


12/14

INVENTORY CONTINUED TODECLINE FROM LAST YEAR

Feb. 2015: 4.9 Months; Feb. 2016: 4.6 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”, and“Contingent” (when available) and divide the sum by the number of “Sold” properties for the month in question.

0.0

2.0

4.0

6.0

8.0

10.012.0

14.0

16.0

18.0

SERIES: Unsold Inventory Index of Existing Single Family Homes



13/14

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”, and“Contingent” (when available) and divide the sum by the number of “Sold” properties for the month in question.

3.2

4.2

5.2

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



14/14

DEMAND INCREASED IN FEBRUARYBUT SUPPLY CONTINUED TO DECLINE

-5%

1%

7%

-3%

-4%

-9%-10%

0%

10%

San Francisco Bay Area Southern California Central Valley

Sales Active ListingsYear-to-Year %Ch


Feb. 2016

2016-02 County Sales & Price Public PPT

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