County Sales & Price Statistics, May 2015

CALIFORNIAHOUSING MARKETUPDATE

Monthly Sales and Price StatisticsJune 2015

SALES OF EXISTING DETACHED HOMES

California, May 2015 Sales: 423,360 Units, +5.1%YTD, +8.9%YTY

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

Jul-0

9

Jan-

10

Jul-1

0

Jan-

11

Jul-1

1

Jan-

12

Jul-1

2

Jan-

13

Jul-1

3

Jan-

14

Jul-1

4

Jan-

15

*Sales are seasonally adjusted and annualizedSERIES: Sales of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

May-15:423,360

May-14:388,690

MEDIAN PRICE OF EXISTING DETACHED HOMES

California, May 2015: $485,830, +0.8% MTM, +4.4%YTY

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

Jul-0

9

Jan-

10

Jul-1

0

Jan-

11

Jul-1

1

Jan-

12

Jul-1

2

Jan-

13

Jul-1

3

Jan-

14

Jul-1

4

Jan-

15

P: May-07$594,530

T: Feb-09$245,230-59% frompeak

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

May-15:$485,830May-15:

$465,470

CALIFORNIA SALES

SERIES: Sales of Existing Single Family Homes, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

120%

140%

Jan-

00

Aug

-00

Mar

-01

Oct

-01

May

-02

Dec

-02

Jul-0

3

Feb-

04

Sep-

04

Apr

-05

Nov

-05

Jun-

06

Jan-

07

Aug

-07

Mar

-08

Oct

-08

May

-09

Dec

-09

Jul-1

0

Feb-

11

Sep-

11

Apr

-12

Nov

-12

Jun-

13

Jan-

14

Aug

-14

Mar

-15

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

CALIFORNIA SALES

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

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

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

SALES SHARE BY PRICE RANGE

14%17% 16%

13%

19%

9% 9%

3%

12%

17% 16%14%

20%

9% 10%

3%

0%

10%

20%

30%

May-14 May-15

SERIES: Sales of Existing Detached HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

CHANGE IN SALES BY PRICE RANGE

(Year-to-Year)

-14.1%

7.9%4.0%

7.4% 8.8%11.6%

14.9%

21.1%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

May-15

SERIES: Sales of Existing Detached HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

SALES BY REGION(EXISTING SFH)

SERIES: Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Bay Area Central Valley So CA

BAY AREA SALES (EXISTING SFH)


-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-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

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-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

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

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

INVENTORY DROPPED SLIGHTLY FROM LASTYEAR

May 2014: 3.7Months; May 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. Theremaining inventory for the month is defined as the number of properties that were Active, Pending, and Contingent (when available) anddivide 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-0

5

Jan-

Jul-0

6

Jan-

07

Jul-0

7

Jan-

Jul-0

8

Jan-

Jul-0

9

Jan-

10

Jul-1

0

Jan-

11

Jul-1

1

Jan-

12

Jul-1

2

Jan-

13

Jul-1

3

Jan-

14

Jul-1

4

Jan-

15

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

UNSOLD INVENTORY INDEX (MONTHS)


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

$1,000K+ 4.5 4.5 4.7

$750-999K 3.9 3.5 3.9

$500-749K 3.4 3.4 3.5

$400-499K 3.3 3.1 3.4

$300-399K 3.2 3.2 3.5

$200-299K 3.2 3.4 3.4

$0-199K 3.3 3.3 3.3


INVENTORY DROPPED SIGNIFICANTLYIN THE BAY AREA SINCE 2009

BUT REMAINED TIGHT


2.2

3.53.8

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


SERIES: Inventory of Existing Single Family HomesSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

CHANGE IN INVENTORY BY PRICE RANGE

(Year-to-Year)

-15.0%

1.9%

-3.4%

4.9% 5.7%

10.4% 9.9%

-20%

-10%

0%

10%

20%

May-15

HOME PRICE APPRECIATIONS HAVE MODERATED SINCEMID 2013

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

Jul-0

9

Jan-

10

Jul-1

0

Jan-

11

Jul-1

1

Jan-

12

Jul-1

2

Jan-

13

Jul-1

3

Jan-

14

Jul-1

4

Jan-

15

Condo Single-Family Homes

SERIES: Sales of SFH and Condo UnitsSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

YTY% Chg. in Price

CA MEDIAN PRICE (EXISTING SFH)

SERIES: Median Price, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

-15%

-10%

-5%

0%

5%

10%

15%

Jan-

05

Jun-

05

Nov

-05

Apr

-06

Sep-

06

Feb-

07

Jul-0

7

Dec

-07

May

-08

Oct

-08

Mar

-09

Aug

-09

Jan-

10

Jun-

10

Nov

-10

Apr

-11

Sep-

11

Feb-

12

Jul-1

2

Dec

-12

May

-13

Oct

-13

Mar

-14

Aug

-14

Jan-

15

Month-to-Month % Chg

PRICE PER SQUARE FOOT

May 2015: $226, Up -0.4% MTM, Up 3.2%YTY

$0

$50

$100

$150

$200

$250

$300

$350

$400

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9Ju

l-09

Oct

-09

Jan-

10A

pr-1

0Ju

l-10

Oct

-10

Jan-

11A

pr-1

1Ju

l-11

Oct

-11

Jan-

12A

pr-1

2Ju

l-12

Oct

-12

Jan-

13A

pr-1

3Ju

l-13

Oct

-13

Jan-

14A

pr-1

4Ju

l-14

Oct

-14

Jan-

15A

pr-1

5

PRICE PER SQ. FT.

SERIES: Median Price Per Square FeetSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

SALES-TO-LIST RATIO

May 2015: 99.0%, Up 0.2% MTM, Up 0.2%YTY

99.0%

86%

88%

90%

92%

94%

96%

98%

100%

102%

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9Ju

l-09

Oct

-09

Jan-

10A

pr-1

0Ju

l-10

Oct

-10

Jan-

11A

pr-1

1Ju

l-11

Oct

-11

Jan-

12A

pr-1

2Ju

l-12

Oct

-12

Jan-

13A

pr-1

3Ju

l-13

Oct

-13

Jan-

14A

pr-1

4Ju

l-14

Oct

-14

Jan-

15A

pr-1

5

Sales-to-List Price Ratio

SERIES: Sales-to-List RatioSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

HOUSING DEMAND OUTPACEDSUPPLY IN THE BAY AREA AND SO CAL

2%

6%8%

-13%

0%

4%

-20%

-10%

0%

10%

San Francisco Bay Area Southern California Central Valley

Sales Active ListingsYear-to-Year % Chg

SOURCE: CALIFORNIA ASSOCIATION OF REALTORS

May 2015

Documents

County Sales & Price Statistics, May 2015