California home sales and prices

Last week we saw a report by the California Association of Realtors (C.A.R.), that showed home sales and prices moderated in December as mortgage rates edged higher. For all of 2021, California home sales recorded the strongest pace since 2009!

For December 2021, California home sales were down 5.4 percent on a monthly basis from  November and was down 15.7 percent from a year ago.

California home sales and prices

California’s real estate market continued to outperform 2020’s level and remained competitive even as home prices rose at a double-digit pace.

Despite a deceleration in growth at the end of the year, the statewide median price rose to $796,570 in December, up 1.8 percent from November’s $782,480 and up 11.0 percent from the $717,930 recorded in December 2020. The double-digit annual price gain was the 17th consecutive month with more than a 10 percent increase since the summer of 2020. The annual increase was also the smallest since July 2020 as the share of high-end homes continued to moderate since July 2021. For the year as a whole, California set a new annual record median price of $786,750, improving 19.3 percent from the prior year.

C.A.R.’s December 2021 resale housing report also showed:

• • • At the regional level, all major regions in California recorded a sales decline on a year-over-year basis by more than 10 percent in December. The San Francisco Bay Area — which had a surge in sales of 40.2 percent in December 2020 — had the biggest sales decline at the end of 2021, dipping -23.1 percent on an annual basis. The Central Coast also had a sizable drop of -18.7 percent in December, followed by the Far North (-17.2 percent), Southern California (-10.7 percent), and Central Valley (-10.5 percent). For the full year, all regions exceeded the prior year in sales, with the San Francisco Bay Area increasing the most by 14.6 percent. The Far North region had the smallest gain of 0.3 percent, due partly to the adverse impact of last summer’s wildfires.
    • All but nine counties tracked by C.A.R. experienced a year-over-year sales decrease in December, with 32 counties dipping more than 10 percent from a year ago. Marin had the biggest sales drop from last year with a decline of -51.1 percent, followed by Plumas (-40.0 percent) and Contra Costa (-30.2 percent). Counties with a sales decline decreased an average of -17.3 percent in December. Nine counties managed to improve in sales from a year ago at the year-end, with San Benito (52.3 percent) leading the pack with the biggest year-over-year increase, followed by Siskiyou (11.4 percent), Glenn (11.1 percent), and Sutter (11.1 percent).
    • Market competitiveness was less heated than a few months ago but remained elevated in December. While the statewide median sales-price-to-list-price ratio remained above 100 percent, December’s number was the lowest level since February 2021. Nearly three-fifths of homes (58 percent) still sold above asking price in the latest monthly report but were at the lowest level in 10 months.
    • California’s Unsold Inventory Index (UII) fell in December to its lowest level on record since C.A.R. began tracking this figure in January 1988, as active listings fell 24.1 percent from last year. December’s UII was 1.2 months and was below 1.4 months in the same month of2020. The index indicates the number of months it would take to sell the supply of homes on the market at the current rate of sales.
    • The median number of days it took to sell a California single-family home was 12 days in December and 11 days in December 2020.
    • C.A.R.’s statewide sales-price-to-list-price ratio was 101.2 percent in December 2021 and 100.1 percent in December 2020.
    • The statewide average price per square foot for an existing single-family home remained elevated. December’s price per square foot was $382, up from $330 in December a year ago.
    • The 30-year, fixed-mortgage interest rate averaged 3.10 percent in December, up from 2.68 percent in December 2020, according to Freddie Mac. The five-year, adjustable mortgage interest rate averaged 2.43 percent, compared to 2.79 percent in December 2020.
• • #######
    
    

    San Diego Real Estate Website for sale

    www.brokerforyou.com *** This 24 year old San Diego real estate website is for sale! Also, aged real estate sites in many California cities are for sale.

    Over 28,000 average monthly unique visits to Brokerforyou.com in the last six months.

    *NO you are NOT just getting a super San Diego URL, but, 24 years of great San Diego centered residential real estate content! Plus, great search engine rankings and most important, a HUGE amount of unique monthly visitors! If can’t see the very unique potential, perhaps you should save your time and NOT review the information below.

    

    

    www.brokerforyou.com is 24 Years old! The vast majority of search engine professionals agree that the age of a website is an important factor in the Google algorithm.

    There is also another undisputed factor in the ranking of websites. That factor, is the amount of unique specific content published on the website. So, it’s pretty hard for a two year old or a five-year-old or for that matter a 10-year-old website out rank a 24-year-old website that has 2 to 4 times the content.

    San Diego real estate opportunity  www.brokerforyou.com is for sale! if your real estate broker in San Diego California or thinking of expanding your brokerage business into San Diego, purchasing www.brokerforyou.com to give you a huge boost in becoming a player in the residential San Diego real estate market.

    Sure as a real estate professional in San Diego California, you most probably have a website. But take a look at it take a look at the traffic you’re generating from that website. From my own analysis the majority of San Diego real estate websites just generate a couple of hundred unique views per month. To even have a chance of gaining one new client you need tens of thousands of unique views.

    Brokerforyou.com is for SALE

    Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65  billion! YouTube now operates as one of Google’s subsidiaries.

    www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

    What’s the approximately monthly cost to host a website?  With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month!  Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.

    Interested, call Bob Schwartz (619) 286-5604 for additional information