Homes for Sale > Real Estate Market > California Real Estate Market > Evergreen-Silver Creek Valley Real Estate Market

Winter 2012 Market Update
Sales of single-family, re-sale homes fell 11.5% from the month before, and were down 41.8% year-over-year. Year-to-date, home sales are down 21.4%.Prices also reversed course with the median price dipping 0.3% from October, up 10.7% compared to last November. The average price fell 0.6%, a yearly gain of 12.1%. Remember, these prices are being kept high because the number of million dollar plus sales are an increasing part of total sales.The median price for condos rose 1.5% to $535,000, up 3.2% over last November. The average price also gained 1.5% to $579,505, an annual gain of 8%.Condo sales were down 4.4% from October, and were off 44.4% year-over-year. Year-to-date, condo sales are off 22.9%.Inventory finally fell, with single-family homes down 3.7% from October, and up 52.2% year-over-year. Condo inventory was down 8.9% month-over-month, and up 31.5% compared to last November.The sales price to list price ratio for single-family homes fell 0.9 98.8%. The ratio for condos rose 0.2 of a point to 98.6%.Days on market rose six days to 61 for homes. Days on market for condos also rose six to 62 days.Our days of inventory indicator for single-family homes turned upward again rising 22 days, sending the indicator to 281 days. The indicator for condos fell 11 days to 225.Go to my on-line site www.SCVReport.com for the full report, plus a city-by-city breakdown.

Average Home Price $1,000,000 - View Graph Trend
Average Price Compared to Last Year Up 10-15%
Average Time on Market 60-90 days
Prices As % of Asking Price 95-100%
Market Trend Increasing
Buyers’ or Sellers’ Market More sellers than buyers
Multiple Offers?No
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Other
Average Sold Price $1,000,000 - View Graph Trend
Evergreen-Silver Creek Valley Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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