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7/31/2019 Lyon Real Estate Press Release May 2012
http://slidepdf.com/reader/full/lyon-real-estate-press-release-may-2012 1/2
TRENDGRAPHI X MONTHLY REAL ESTATE REPORTBROUGHT TO YOU BY
Lyon Real Est ate3640 American River Drive, Suite 100, Sacramento, CA 95864
F O R I M M E D I A T E R E L E A S E
May 15, 2012
CONTACT: Pat Shea, President(916) 690-0980
Seize the Day
The Greater Sacramento Area maintained signs of improved real estate health in April 2012.
Closed sales mapped to year-over-year and seasonal expectations with 2,343 closings combined
in Placer, El Dorado, Sacramento and Yolo counties. New purchase contracts however,
increased by a remarkable 25%. Short-Sale activity continued to overpower the waning “bank-
owned” inventory as they reflected a 23% increase in closed sales and 39% increase in new
purchase contracts compared to April of 2011.
The average sales price is also showing signs of stability with an overall increase of 3% in April.
The 4 counties weighed in as follows: El Dorado $308,000, Placer $306,000, Yolo $279,000 and
Sacramento $196,000.
Now here’s where it continues to get interesting; sales of homes above the $400,000 price point
enjoyed a 46% increase over the same period. Total inventory declined further, leaving only 1.5
months of available homes at the current rate of sales. Unbelievably, interest rates relentlessly
hover at, or below, 4%. Even above $400,000, inventory remains noteworthy at only 4.2
months in the four county areas.
“Heading toward summer, Short-Sale Sellers will provide opportunity for Buyers willing to
endure longer escrow periods, and Bank-owned listings will trickle out to market and
immediately see multiple offers,” said Pat Shea, President, Lyon Real Estate. “Home Ownerswith equity will need to wait awhile for significant appreciation. They can however, enjoy an
excellent deal and interest rate on a move-up purchase. Cash Buyers will remain the “bully on
the block” as those employing FHA & VA type loan programs will require hard work and
exceptional patience to accomplish their goals. History tells us that timing is everything. Well
now is your time, seize the day.”
7/31/2019 Lyon Real Estate Press Release May 2012
http://slidepdf.com/reader/full/lyon-real-estate-press-release-may-2012 2/2
Core Count ies Combined - Sacrament o, Placer, El Dorado & Yolo
CountyCurrentMonth
PriorMonth
Var %Same MoPrior Year
Var %
All Sales
Closed Sales 2,343 2,564 -9% 2,337 0%
New Contracts 3,682 3,608 2% 2,948 25%Inventory 3,617 3,926 -8% 7,641 -53%
Months of Inventory 1.5 1.5 1% 3.3 -53%
Avg Sales Price (in Thousands) $231 $225 3% $230 1%
Avg Sales Price Per Sq Ft $124 $120 3% $123 0%
Shor t Sales Breakou t
Closed Sales 669 725 -8% 544 23%
New Contracts 1,430 1,486 -4% 1,032 39%
Inventory 730 885 -18% 2,523 -71%
Months of Inventory 1.1 1.2 -11% 4.6 -76%
Avg Sales Price (in Thousands) $210 $204 3% $229 -8%
Avg Sales Price Per Sq Ft $109 $108 1% $115 -6%
REO Sales Breakout
Closed Sales 672 738 -9% 921 -27%
New Contracts 805 812 -1% 936 -14%
Inventory 540 719 -25% 1,558 -65%
Months of Inventory 0.8 1.0 -18% 1.7 -52%
Avg Sales Price (in Thousands) $175 $176 -1% $177 -2%
Avg Sales Price Per Sq Ft $101 $101 1% $102 -1%
$400K Sales & Over Breakout
Closed Sales 255 240 6% 233 9%
New Contracts 366 327 12% 250 46%Inventory 1,083 1,053 3% 1,452 -25%
Months of Inventory 4.2 4.4 -3% 6.2 -32%
Avg Sales Price (in Thousands) $477 $469 2% $573 -17%
Avg Sales Price Per Sq Ft $175 $164 7% $174 0%
Shor t -Sales & REO Sales as Percentage of Total Sales
Current Mont h Prior Mont h Same Mont h Last Year
Reg SS REO Reg SS REO Reg SS REO
Closed Sales 42.8% 28.6% 28.7% 42.9% 28.3% 28.8% 37.3% 23.3% 39.4%
New Contracts 39.3% 38.8% 21.9% 36.3% 41.2% 22.5% 33.2% 35.0% 31.8% About Trendgraphix, I nc.Trendgraphix, Inc. is a real estate reporting company based in Sacramento that uses local MLS data to provide highly-visual market statistical graphs to real estate brokers, agents, and MLS/Realtor associations across the USA.Trendgraphix's programs are currently used by tens of thousands of agents in more than 100 brokerages in 18 U.S.states. For more information visit www.TrendGraphix.com or email [email protected]