County Sales & Price Statistics, April 2015

CALIFORNIA HOUSING MARKET UPDATE

Monthly Sales and Price Statistics

May 2015

SALES OF EXISTING DETACHED HOMES

California, Apr. 2015 Sales: 427,620 Units, +4.1% YTD, +9.3% YTY

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

Jan

-05

Jul-

05

Jan

-06

Jul-

06

Jan

-07

Jul-

07

Jan

-08

Jul-

08

Jan

-09

Jul-

09

Jan

-10

Jul-

10

Jan

-11

Jul-

11

Jan

-12

Jul-

12

Jan

-13

Jul-

13

Jan

-14

Jul-

14

Jan

-15

*Sales are seasonally adjusted and annualized SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

Apr-15: 427,620

Apr-14: 391,330

CALIFORNIA SALES

SERIES: Sales of Existing Single Family Homes, Seasonally Adjusted SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

Jan

-10

Ap

r-10

Jul-

10

Oct

-10

Jan

-11

Ap

r-11

Jul-

11

Oct

-11

Jan

-12

Ap

r-12

Jul-

12

Oct

-12

Jan

-13

Ap

r-13

Jul-

13

Oct

-13

Jan

-14

Ap

r-14

Jul-

14

Oct

-14

Jan

-15

Ap

r-15

Year-over-Year % Chg 6 per. Mov. Avg. (Year-over-Year % Chg)

BAY AREA SALES (EXISTING SFH)

SERIES: Sales, Not Seasonally Adjusted SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

Jan

-10

Ap

r-10

Jul-

10

Oct

-10

Jan

-11

Ap

r-11

Jul-

11

Oct

-11

Jan

-12

Ap

r-12

Jul-

12

Oct

-12

Jan

-13

Ap

r-13

Jul-

13

Oct

-13

Jan

-14

Ap

r-14

Jul-

14

Oct

-14

Jan

-15

Ap

r-15

Bay Area 6 per. Mov. Avg. (Bay Area)

CENTRAL VALLEY SALES (EXISTING SFH)


-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Jan

-10

Ap

r-10

Jul-

10

Oct

-10

Jan

-11

Ap

r-11

Jul-

11

Oct

-11

Jan

-12

Ap

r-12

Jul-

12

Oct

-12

Jan

-13

Ap

r-13

Jul-

13

Oct

-13

Jan

-14

Ap

r-14

Jul-

14

Oct

-14

Jan

-15

Ap

r-15

Central Valley 6 per. Mov. Avg. (Central Valley)

SOUTHERN CALIFORNIA (EXISTING SFH)


-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Jan

-10

Ap

r-10

Jul-

10

Oct

-10

Jan

-11

Ap

r-11

Jul-

11

Oct

-11

Jan

-12

Ap

r-12

Jul-

12

Oct

-12

Jan

-13

Ap

r-13

Jul-

13

Oct

-13

Jan

-14

Ap

r-14

Jul-

14

Oct

-14

Jan

-15

Ap

r-15

So CA 6 per. Mov. Avg. (So CA)

MEDIAN PRICE OF EXISTING DETACHED HOMES

California, Apr. 2015: $481,760, +2.8% MTM, +7.4% YTY

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Jan

-05

Jul-

05

Jan

-06

Jul-

06

Jan

-07

Jul-

07

Jan

-08

Jul-

08

Jan

-09

Jul-

09

Jan

-10

Jul-

10

Jan

-11

Jul-

11

Jan

-12

Jul-

12

Jan

-13

Jul-

13

Jan

-14

Jul-

14

Jan

-15

P: May-07 $594,530

T: Feb-09 $245,230 -59% from peak

SERIES: Median Price of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

Apr-15: $481,760

Apr-15: $448,720

CA MEDIAN PRICE (EXISTING SFH)

SERIES: Median Price, Not Seasonally Adjusted SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

-15%

-10%

-5%

0%

5%

10%

15%

Jan

-05

Jun

-05

No

v-0

5

Ap

r-0

6

Sep

-06

Feb

-07

Jul-

07

Dec

-07

May

-08

Oct

-08

Mar

-09

Au

g-0

9

Jan

-10

Jun

-10

No

v-10

Ap

r-11

Sep

-11

Feb

-12

Jul-

12

Dec

-12

May

-13

Oct

-13

Mar

-14

Au

g-1

4

Jan

-15

Month-to-Month % Chg

CHANGE IN SALES BY PRICE RANGE

(Year-to-Year)

-16.5%

4.6%

9.7%

17.0% 14.0%

24.0% 21.1%

12.6%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

Apr-15

SERIES: Sales of Existing Detached Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

INVENTORY DROPPED SLIGHTLY FROM LAST YEAR

Apr 2014: 3.6 Months; Apr 2015: 3.5 Months

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.

0

2

4

6

8

10

12

14

16

18

Jan

-05

Jul-

05

Jan

-

Jul-

06

Jan

-07

Jul-

07

Jan

-

Jul-

08

Jan

-

Jul-

09

Jan

-10

Jul-

10

Jan

-11

Jul-

11

Jan

-12

Jul-

12

Jan

-13

Jul-

13

Jan

-14

Jul-

14

Jan

-15

SERIES: Unsold Inventory Index of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

UNSOLD INVENTORY INDEX (MONTHS)


Price Range (Thousand) Apr-15 Mar-15 Apr-14

$1,000K+ 4.5 5.0 4.8

$750-999K 3.5 4.0 3.9

$500-749K 3.4 3.6 3.5

$400-499K 3.1 3.5 3.4

$300-399K 3.2 3.6 3.5

$200-299K 3.4 3.6 3.3

$0-199K 3.3 3.7 3.1


INVENTORY DROPPED SIGNIFICANTLY IN THE BAY AREA SINCE 2009

BUT REMAINED TIGHT


2.2

3.5 3.7

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15

Bay Area Central Valley So CA


PRICE PER SQUARE FOOT

April 2015: $223, Up 4.0% MTM, Up 8.4% YTY

$0

$50

$100

$150

$200

$250

$300

$350

$400

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-10

Jul-

10

Oct

-10

Jan

-11

Ap

r-11

Jul-

11

Oct

-11

Jan

-12

Ap

r-12

Jul-

12

Oct

-12

Jan

-13

Ap

r-13

Jul-

13

Oct

-13

Jan

-14

Ap

r-14

Jul-

14

Oct

-14

Jan

-15

Ap

r-15

PRICE PER SQ. FT.

SERIES: Median Price Per Square Feet SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

SALES-TO-LIST RATIO

April 2015: 98.8%, Up 0.5% MTM, Down 0.2% YTY

98.8%

86%

88%

90%

92%

94%

96%

98%

100%

102%

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-10

Jul-

10

Oct

-10

Jan

-11

Ap

r-11

Jul-

11

Oct

-11

Jan

-12

Ap

r-12

Jul-

12

Oct

-12

Jan

-13

Ap

r-13

Jul-

13

Oct

-13

Jan

-14

Ap

r-14

Jul-

14

Oct

-14

Jan

-15

Ap

r-15

Sales-to-List Price Ratio

SERIES: Sales-to-List Ratio SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

HOUSING DEMAND OUTPACED SUPPLY IN THE BAY AREA AND SO CAL

8% 9%

7%

-11%

3%

11%

-20%

-10%

0%

10%

20%

San Francisco Bay Area Southern California Central Valley

Sales Active ListingsYear-to-Year % Chg

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

April 2015

Documents

County Sales & Price Statistics, April 2015