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A blog about the economy and the Sacramento-area real estate market.

July 15, 2010
Sacramento-area June home sales highest since Oct. '08

Sacramento-area homes sales climbed again in June to their highest levels in 20 months, property researcher MDA DataQuick reported this morning.

The researcher counted 3,922 closed escrows of existing and new homes in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties. That is up from 3,716 in May, and higher than June 2009.

 But it failed to beat June 2008's count of 4,045 closed escrows.

Median prices also continued their slow ascent in the largest sector of the market, Sacramento County. The median sales price for new and existing homes combined in Sacramento County was $185,000 in June - 5.7 percent higher than June 2009. Judging by patterns of recent months that reflects fewer sales of bank repos and more sales of higher-priced homes.

Median is that point where half the homes cost more and half less.

Prices for new and existing homes combined beat the same time last year in Sacramento, Sutter, Yolo and El Dorado counties.  They remained below last year's prices in Amador, Nevada, Placer and Yuba counties.

Here is a look at June prices and sales by ZIP Code.

And below is a first overall look at the region's monthly sales and price chart.

 

Sales Volume Median Sales Price
Resale detached Jun-09 May-10 Jun-10 Yr/yr % chng Jun-09 May-10 Jun-10 Yr/yr % chng
Amador 27 44 41 51.9% $195,000 $194,000 $185,500 -4.9%
El Dorado 197 229 235 19.3% $307,000 $289,000 $316,000 2.9%
Nevada 134 128 150 11.9% $332,500 $275,000 $287,500 -13.5%
Placer 454 478 546 20.3% $284,500 $273,500 $281,250 -1.1%
Sacramento 2,000 1,885 1,941 -3.0% $175,000 $181,000 $185,000 5.7%
Sutter 111 111 100 -9.9% $155,000 $171,000 $163,750 5.6%
Yolo 186 217 180 -3.2% $249,000 $269,000 $266,250 6.9%
Yuba 108 83 92 -14.8% $133,000 $159,000 $140,000 5.3%
                 
  Sales Volume Median Sales Price
Resale condos Jun-09 May-10 Jun-10 Yr/yr % chng Jun-09 May-10 Jun-10 Yr/yr % chng
Amador 0 0 0 n/a n/a n/a n/a n/a
El Dorado 0 0 0 n/a n/a n/a n/a n/a
Nevada 3 10 6 100.0% $160,000 $270,000 $275,000 71.9%
Placer 31 50 64 106.5% $190,000 $150,000 $137,500 -27.6%
Sacramento 147 136 191 29.9% $106,750 $106,750 $109,000 2.1%
Sutter 3 4 2 -33.3% $47,000 $34,500 $73,500 56.4%
Yolo 5 13 7 40.0% $156,000 $145,000 $157,000 0.6%
Yuba 0 0 0 n/a n/a n/a n/a n/a
                 
  Sales Volume Median Sales Price
New homes Jun-09 May-10 Jun-10 Yr/yr % chng Jun-09 May-10 Jun-10 Yr/yr % chng
Amador 4 0 3 -25.0% $280,000 n/a $259,000 -7.5%
El Dorado 21 12 13 -38.1% $443,000 $408,750 $456,000 2.9%
Nevada 6 2 8 33.3% $317,000 $284,250 $540,000 70.3%
Placer 113 134 158 39.8% $289,500 $311,750 $288,000 -0.5%
Sacramento 137 140 146 6.6% $248,500 $265,000 $268,000 7.8%
Sutter 9 8 10 11.1% $231,250 $180,000 $172,000 -25.6%
Yolo 34 21 26 -23.5% $313,500 $309,500 $320,000 2.1%
Yuba 28 11 3 -89.3% $194,000 $242,250 $205,500 5.9%
                 
  Sales Volume Median Sales Price
All homes Jun-09 May-10 Jun-10 Yr/yr % chng Jun-09 May-10 Jun-10 Yr/yr % chng
Amador 31 44 44 41.9% $210,000 $194,000 $188,100 -10.4%
El Dorado 218 241 248 13.8% $315,500 $290,000 $322,000 2.1%
Nevada 143 140 164 14.7% $329,250 $275,000 $288,000 -12.5%
Placer 598 662 768 28.4% $284,000 $275,000 $275,000 -3.2%
Sacramento 2,284 2,161 2,278 -0.3% $175,000 $182,000 $185,000 5.7%
Sutter 123 123 112 -8.9% $155,500 $169,000 $165,250 6.3%
Yolo 225 251 213 -5.3% $265,500 $268,000 $270,000 1.7%
Yuba 136 94 95 -30.1% $154,000 $163,100 $144,750 -6.0%
                 
Note: Amador County resale detached stats include resale condos 
(the county does not break them out separately).

 

 

 

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