News, insight and some thoughts about the Sacramento-area real estate market

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July 17, 2008

A few more June stats from DataQuick

 There are so many numbers, so little space in the print edition. Here's more that I couldn't fit in to the main story about June sales in the capital region and elsewhere:

First off, are June sales and prices from the Bay Area and from Southern California.

I always like to put the capital region in context with other parts of California  - and noticed that Solano, Riverside and San Bernardino counties are also seeing the year-over-year increases that have pushed up the Sacramento market now for three straight months.
  Primarily, this is an inland California phenomenon. It's happening where there was the most construction,  the fastest rise in prices and then the fastest fall in prices.

  As DataQuick analyst Andrew Lepage said earlier today on the phone: "Wherever prices have come down, sales have gained traction."

Four capital-area counties saw the year-over-year sales jumps of new and existing homes combined in June:

Sacramento: 45.7%
Yolo: 17.7%
Yuba: 14.4%
Sutter: 9.2%

Down Highway 99:
San Joaquin: 74.3%
Stanislaus: 57.4%
Merced: 63.1%

Bay Area:
Solano: 2.2% (It's the only one of six counties to see a rise from same time last year)

Southern California:
Riverside: 11.8%
San Bernardino: 1.1%

Central California:
Monterey: 46.8% (the Salinas factor)

THE FORECLOSURE FACTOR:
Here's what percent of June sales in some inland counties were bank repos:
Sacramento: 63.3%
San Joaquin: 65.9%
Stanislaus: 71.7%
Riverside: 62.3%

Source for all this: DataQuick Information Systems
Posted by Jim Wasserman, July 17, 2008 3:24 PM