USA Real Estate Markets

U.S. home price drops exceed Great Depression:

Al Yoon, Reuters · Tuesday, Jan. 11, 2011

NEW YORK - U.S. home prices fell for the 53rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow.
Home prices have fallen 26% since their peak in 2006, exceeding the 25.9% drop registered in the five years between 1928 and 1933, the housing data company said in a report on Monday. Prices fell 0.8% over the month.
It is a dubious milestone for the U.S. housing market which has failed to gain much traction despite a host of government programs to reduce delinquencies and encourage demand with temporary tax credits and lower interest rates. Many economists expect further price drops, even if there are some anecdotal signs of growing demand, such as in pending home sales data.
"For the next six to nine months, the larger factors affecting the housing market that will produce more home price declines will be the excess inventory of homes, high negative equity and foreclosure rates, and weakened demand due to elevated employment, Stan Humphries, Zillow's chief economist, said in a blog post.
Declines are accelerating, and it will take a while before falling unemployment and other signs of economic improvement support the market, Zillow said.
Home prices fell at a 0.78% pace in November, the fastest since February 2009, the company said.
http://www.financialpost.com/news/home+price+drops+exceed+Great+Depression/4091741/story.html#ixzz1Ap4aoqvu

Arizona

August 2010

Information provided by:
Doug Hill (Click here to email agents)
Servicing East valley: Tempe, Chandler, Mesa, Gilbert, Phoenix, Ahwatukee, Scottsdale, and Paradise Valley

November 2007

2-year job-growth forecast: 5.6%

Metropolitan-area population: 4.0 million

Who's hiring now: ASU, Banner Health, suburban schools

Hottest jobs: Senior software developer ($84,800), IT project manager ($78,600), semiconductor process engineer ($78,000), physician's assistant ($76,200), construction project manager ($74,000)

In each of the past three years, the Phoenix area has created about 95,000 new jobs, many of them fueled by an unprecedented construction boom. This year's number is pegged at about 60,000--a major drop-off, to be sure, but still enough in the context of the national slowdown to place Phoenix solidly in the top 10. Low income taxes and sunny weather are still attracting a steady stream of newcomers, primarily from the Northeast and Midwest; 114,000 are expected this year, continuing to stoke demand for new roads, schools, and health-care facilities. So while Phoenix's homebuilding sector will likely be down about 40 percent in 2007, employment linked to long-term infrastructure projects will stay hot. Still, Phoenix remains largely a mom-and-pop economy, with small business expected to drive most of the job expansion.

Arizona - Inventory Bar Graph Valley Wide as of 11-26-07

Arizona - SFD Only Inventory Bar Graph as of 11-26-07

Arizona - East Valley Inventory Bar Graph as of 11-26-07

Information provided by:

Kirsten and Doug Hill (Click here to email agents)
Servicing East valley: Tempe, Chandler, Mesa, Gilbert, Phoenix, Ahwatukee, Scottsdale, and Paradise Valley

October 2007

Information provided by:
Kirsten and Doug Hill (Click here to email agents)
Servicing East valley: Tempe, Chandler, Mesa, Gilbert, Phoenix, Ahwatukee, Scottsdale, and Paradise Valley

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California

September 2012 Report

San Francisco Real Estate Market Update for August 2012

The number of homes in the Overall Sales category sold in August were higher than they were in July(which is typical for our summer months) as well as a year ago in the San Francisco Real Estate Market. Most of the average selling prices were lower than last month but higher than a year ago. All categories we track with the exception of co-ops sold for OVER 100% of the asking price, on average. Average days on the market did not change significantly.

What do these numbers all mean? For the Sixteenth time in the last Eighteen months, single family homes under $2M sold for MORE than the asking price, on average. Homes OVER $2M, condos and lofts did as well. Only co-ops failed to meet that high standard. With fall coming on, inventory is starting to grow so we should start to see some big numbers in the coming months.

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

August 2012 **

Property Type	Sold	Avg Listing Price	Avg Selling Price	% Sales Price versus Listing	Avg Days on Market
Single Family $2M & Over	19	$3,059,000	$3,095,271	101.19%	40
Single Family Under $2M	198	$774,867	$817,866	105.55%	47
Condominium+	228	$834,078	$844,959	101.30%	53
Loft Condo	24	$752,417	$757,875	100.73%	40
Co-op	5	$1,311,200	$1,271,000	96.93%	128
TIC	18	$646,611	$647,139	100.08%	69
ALL *	552	$954,959	$977,796	102.39%	54

July 2012 **

Property Type	Sold	Avg Listing Price	Avg Selling Price	% Sales Price versus Listing	Avg Days on Market
Single Family $2M & Over	20	$4,851,950	$4,491,529	92.57%	62
Single Family Under $2M	171	$798,372	$840,805	105.31%	45
Condominium+	184	$806,237	$816,215	101.24%	53
Loft Condo	20	$686,735	$701,258	102.11%	46
Co-op	7	$685,429	$640,929	93.51%	114
TIC	34	$692,088	$698,167	100.88%	68
ALL *	477	$999,146	$1,005,417	100.63%	54

August 2011 **

Property Type	Sold	Avg Listing Price	Avg Selling Price	% Sales Price versus Listing	Avg Days on Market
Single Family $2M & Over	13	$3,840,000	$3,700,000	96.35%	70
Single Family Under $2M	168	$756,069	$757,274	100.16%	63
Condominium+	159	$740,117	$731,454	98.83%	80
Loft Condo	13	$816,992	$820,885	100.48%	79
Co-op	5	$1,193,400	$1,073,400	89.94%	200
TIC	20	$599,950	$598,094	99.69%	84
ALL *	423	$899,787	$889,788	98.89%	78

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics included condos, co-op, lofts and TICs.

February 2011

December 2010

Information provided by
Dale Apodaca (Click here to email agent)
Coldwell Banker-Res R E Srv

July 2010

Housing Inventory Snapshot		July 28, 2010
	Average List Price	Median List Price	Average Days On Market
Sacramento County, CA
Single Family under $500K	$204,572	$185,000	95
Single Family over $500K	$821,588	$695,000	126
Condo/Townhome under $170K	$105,235	$109,500	101
Condo/Townhome over $170K	$250,367	$227,000	120
Yolo County, CA
Single Family under $500K	$268,112	$249,000	95
Single Family over $500K	$795,722	$680,000	119
Condo/Townhome under $300K	N/A**	N/A**	N/A**
Condo/Townhome over $300K	N/A**	N/A**	N/A**
Placer County, CA
Single Family under $500K	$287,626	$270,000	101
Single Family over $500K	$985,209	$725,000	135
Condo/Townhome under $300K	$148,421	$159,000	78
Condo/Townhome over $300K	N/A**	N/A**	N/A**
El Dorado County, CA
Single Family under $500K	$294,040	$289,000	117
Single Family over $500K	$865,335	$699,000	167
Condo/Townhome under $300K	$173,009	$160,000	128
Condo/Townhome over $300K	N/A**	N/A**	N/A**
Stanislaus County, CA
Single Family under $500K	$169,809	$155,000	90
Single Family over $500K	$962,400	$789,000	190
Condo/Townhome under $300K	$95,764	$89,500	85
Condo/Townhome over $300K	N/A**	N/A**	N/A**
San Joaquin County, CA
Single Family under $500K	$196,255	$179,000	90
Single Family over $500K	$1,019,077	$750,000	169
Condo/Townhome under $300K	$106,288	$88,000	114
Condo/Townhome over $300K	N/A**	N/A**	N/A**

MORTGAGE. National Averages (July 28, 2010)*
30-year fixed	Rate - 4.56%	APR - n/a%
15-year fixed	Rate - 4.04%	APR - n/a%
5/1 ARM	Rate - 3.62%	APR - n/a%

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.
** There are not enough listings in this category to compile comparative analysis.

Information provided by
Dale Apodaca (Click here to email agent)
Coldwell Banker-Res R E Srv

June 2009

Click on the image to read the full report

DECEMBER 2010

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot Dec 2010

Information provided by
Dale Apodaca (Click here to email agent)
Coldwell Banker-Res R E Srv

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For other statistics please go to http://www.mauiboard.com/complete_stats.mv

Feb.2014

info provided by E. Zhang at Coldwell Banker

Jan.27.2014

info provided by E. Zhang at Coldwell Banker

February 2009

Things are definitely picking up around here after some very slow moths towards the end of the year. Our resort market is in its recovery stages it seems so all us realtors here are feeling much better.

Click on the article to read more