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Placer County Sales & Listing Statistics
(Information obtained from Sacramento Regional Multiple Listing Service 05/05/05)
1) Unsold Listing Inventory Levels for 2001-2005: (Residential, Placer County Zones 12201-12765), does not include El Dorado and Sacramento).
|
2001 |
2002 |
2003 |
2004 |
2005 |
| January |
724 Units |
1,082 Units |
1,017 Units |
800 Units |
891 Units |
| February |
788 Units |
1,052 Units |
1,103 Units |
721 Units |
899 Units |
| March |
989 Units |
1,093 Units |
1,132 Units |
724 Units |
974 Units |
| April |
1,203 Units |
1,120 Units |
1,153 Units |
752 Units |
1,160 Units |
| May |
N/A |
944 Units |
1,101 Units |
835 Units |
|
| June |
1,362 Units |
957 Units |
1,041 Units |
959 Units |
|
| July |
1,410 Units |
985 Units |
1,137 Units |
958 Units |
|
| August |
1,441 Units |
1,079 Units |
1,099 Units |
1,011 Units |
|
| September |
1,431 Units |
1,146 Units |
1,101 Units |
1,086 Units |
|
| October |
N/A |
1,137 Units |
1,009 Units |
1,008 Units |
|
| November |
N/A |
1,035 Units |
865 Units |
884 Units |
|
| December |
1,069 Units |
943 Units |
781 Units |
818 Units |
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2) Monthly Sales Activity for 2001-2005: (Residential, all Placer County Zones (12201-12765), does not include El Dorado and Sacramento).
|
2001 |
2002 |
2003 |
2004 |
2005 |
| January |
310 Units |
300 Units |
354 Units |
240 Units |
324 Units |
| February |
293 Units |
280 Units |
417 Units |
260 Units |
318 Units |
| March |
347 Units |
349 Units |
423 Units |
485 Units |
534 Units |
| April |
368 Units |
360 Units |
411 Units |
539 Units |
525 Units |
| May |
N/A |
501 Units |
422 Units |
500 Units |
|
| June |
321 Units |
423 Units |
442 Units |
593 Units |
|
| July |
322 Units |
470 Units |
502 Units |
538 Units |
|
| August |
281 Units |
429 Units |
491 Units |
571 Units |
|
| September |
203 Units |
382 Units |
495 Units |
525 Units |
|
| October |
305 Units |
402 Units |
400 Units |
475 Units |
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| November |
289 Units |
338 Units |
338 Units |
434 Units |
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| December |
173 Units |
228 Units |
409 Units |
454 Units |
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3) *Price Range Breakdown of March Sales (Listed Above) and Active Listings as of April 30, 2005. Prices reflect asking prices and not necessarily selling prices.
| Price |
Sales |
Listings |
| $249,999 & Below |
20 Units |
20 Units |
| $250,000-$399,999 |
141 Units |
137 Units |
| $400,000-$599,999 |
250 Units |
487 Units |
| $600,000-$799,999 |
79 Units |
245 Units |
| $800,000-$999,999 |
25 Units |
111 Units |
| $1,000,000-1,299,999 |
9 Units |
56 Units |
| $1,300,000 & Above |
1 Units |
104 Units |
Commentary
By Ryan Nordby - www.NordbyTeam.com
As the above statistics show, the housing market in Placer County is still strong. In April 2005, 525 housing units sold -- which is about 45% of April's listing inventory of 1,160 homes. The overall listing inventory remains relatively low when compared to the last five years (keep in mind that the population and total housing units have increased from 2001).
The under $399,000 price range had 161 sales for the 157 total listings, indicating that price range has approximately 28 days of inventory.
The $400,000-$599,999 price range had 250 sales for the 487 total listings, indicating that price range has approximately 58 days of inventory.
The $600,000-$799,999 price range had 79 sales for the 245 total listings, indicating that price range has approximately 3.1 months of inventory.
The $800,000-$999,999 price range had 25 sales for the 111 total listings, indicating that price range has approximately 4.4 months of inventory.
The over $1,000,000 price range had 10 sales for the 160 total listings, indicating that price range has approximately 16.0 months of inventory.
Inventory did pick up in the month of April, but the Placer County housing market appears to remain strong at this point in time. If we see the under $399,999 and under $599,999 markets start to approach 3-4 months of listing inventory, the buyers and sellers will start to equal out. Currently, the sellers still have the advantage.
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