DeeDee Riley

Please join us for our annual holiday event. The El Dorado Hills Fire Department will be there with a truck as well and they are always a big hit with the children!

Buyer’s Market or Seller’s Market?  The discussion about whether we are in a buyer’s market or a seller’s market comes up a lot these days.  A buyer’s market is defined as having 6 months or more of inventory and a seller’s market as having 6 months or less of inventory. The way that is calculated is by taking the listed homes on the market and dividing it by the sales for that month. 

This may help in determining who has the negotiating power in a situation but when it comes to putting in an offer or listing a home for sale, there are several other factors that come in to play and the answer is not so cut and dry and you need to look further for correct pricing.   

 First thing to consider is the locality.  Real estate is local and it has to be looked at on the local level first to determine where the inventory stands in that area.

 From there you will find that different price ranges have different inventory levels and you need to look at the status in that price level. For instance, in El Dorado Hills where I live and work, the under $400K price range shows 4.3 months of inventory but the $750K and above price range shows 34 months of inventory according to September statistics.

 This month Lyon Real Estate’s Trendgraphix press release states that the lower price ranges have stabilized and even moved up slightly.  This is because there are so many buyers in that range and they are keeping the inventory to a minimum. With multiple offers on homes in that range, what we are seeing is a seller’s market with offers at full price and even over. Buyers in this instance have little negotiating power. 

 As the price of homes go up there are fewer and fewer buyers in those price ranges and as I stated in my El Dorado Hills example there can be several months’ worth of supply. Buyers in this scenario tend to have more negotiating power and it is considered a buyer’s market. But not always!   Sometimes we find that the house itself is a big factor. As an example, in El Dorado Hills there can be several buyers who are looking for the same thing in a house and when a new listing comes on the market that fits that criterion, they can be facing competition from multiple offers.  Whenever there are multiple offers the seller takes control.

 To summarize, if you are in the market to buy or sell a home, don’t let the “buyer’s market” or “seller’s market” talk guide your offers and pricing.

 What’s your scenario?  Feel free to post it in a comment and we can discuss it!

WHERE IT ALL COMES TOGETHER

www.eldoradowcr.org

Please join us as El Dorado County Chapter WCR and EDCAR Proudly Presents:

Gov Hutchinson, Assistant General Counselof the California Association of Realtors

For this month's business resource luncheon.

Topic: "Legal Update"

October 16, 2009

11:00am - 1:00pm

Cameron Park Country Club

Cost: $20

Agenda:

11:00am - Networking

11:30am - Lunch

RSVP Required by October 14th. To reserve your seat email me at driley@golyon.com

^{Please keep in mind that a Reservation Made is a Reservation Paid We encourage you to invite a friend or business associate you feel would benefit from the Educational topics and Networking opportunities our Women's Council of Realtors Chapter has to offer its' members.}

This year's charity golf tournament, organized by the El Dorado County Association of REALTORS®, will be held at the Cameron Park Country Club on Monday, August 31st with proceeds to benefit "Backpacks for Kids". Players arrive at 10:00am.

Foster care children often relocate, toting their possessions in plastic garbage bags because they cannot afford to purchase backpacks and suitcases of their own. "Suitcases for Kids" is a National Association of REALTORS® project that collects and distributes new backpacks, suitcases, and duffel bags for these special children. EDCAR manages its own independent operation we call "Backpacks for Kids" and buys material and accepts donated items to put together our own age and gender-specific backpacks for children in El Dorado County. These backpacks are distributed by Child Protective Services case workers.

We are seeking support from our community for our "Backpacks for Kids" program, by way of sponsorship and/or participation in this year's annual Charity Golf Tournament as well as through the donation of related goods, auction and live auction items for the event, funding, or items for the backpacks themselves.

If you are a golfer, we are still looking for players. Ticket prices for players are $150 who register by July 31, 2009 or $175 after that date.

Tickets for Players Will Include:

• Golf Carts (one shared per every two players)

• Golf Shirts customized with the EDCAR logo for this event

• Tee Bag with Goodies

• Lunch (served in advance of play)

• Country Club Dinner (following play)

• Prizes Awarded to 1st, 2nd, and 3rd Place Teams

• Contests for "Closest to the Pin", "Longest Drive", "Putting", etc.

• Raffle Tickets for Great Prizes as well as Live Auction Items

• "Hole in One" Contests for Luxury Items

Lunch and Dinner is also open for registration to spouses and other non-players who would like to enjoy the day and festivities.

For more information visit: http://edcar4kids.com/ where you can find a registration form to download and instructions for building a back pack. This is a wonderful event and cause. Any support is greatly appreciated.

Here is the newest press release for our Lyon Real Estate Trendgraphix that summarizes the statistics from the previous month. This report is based on June 2009 sales and numbers.

This month's Trendgraphix talks about our low inventory. To go along with the press release and give you an idea of what is actually happening in the different price segments of homes I pulled statistics by county for four different prices levels. I've charted them showing the sales and the average price per square foot average of those sales. These stats are for all single family home sales (including bank owned). If you'd like to see what those statistics would look like for a particular zip code, email me at driley@golyon.com and I will be happy to pull those for you.

TRENDGRAPHIX MONTHLY REAL ESTATE REPORT

BROUGHT TO YOU BY

Lyon Real Estate

3640 American River Drive, Suite 100, Sacramento, CA 95864

F O R I M M E D I A T E R E L E A S E

July 13, 2009

CONTACT: Michael Lyon

CEO

(916) 978-4266

FAX (916) 481-7592

Low Inventory Pushes Prices Up

For the third month in a row, price per sq/ft, median and average prices have risen for homes priced below $750,000.00. With fewer than expected bank-owned properties hitting the market together with low interest rates, buyers are finding slim-pickings. The opposite is true above $750,000.00, where we have two years of inventory. The third month of increased prices should help appraisers establish a better base to value homes in the market.

TRENDGRAPHIX's latest report shows that sales increased 1 percent during the month of June for the Tri-County region of Sacramento, Placer and El Dorado Counties. June 2009 sales were 10 percent lower than June 2008 sales. Pending sales increased by 12 percent from May to June 2009.

June 2009 inventory of 6,331 homes for sale is 43 percent lower than June 2008 inventory. This is a 59 percent decrease for the regional inventory record high of 15,302 set in August 2007.

COUNTY HIGHS AND LOWS

Sacramento County sales decreased 3 percent from May to June 2009. Inventory decreased 2 percent during the month of June. Pending sales increased by 12 percent in the month of June. 56 percent of the homes sold for under $200,000; 37 percent of the homes sold for between $200,000 and $400,000; and 7 percent of the homes sold for over $400,000. The average price per square foot increased by 3 percent during the month of June to $121.

Placer County sales increased by 15 percent and inventory increased by 1 percent during the month of June 2009. Pending sales increased by 11 percent from May to June. 12 percent of the homes sold for under $200,000; 64 percent of the homes sold for between $200,000 and $400,000; and 24 percent of the homes sold for over $400,000. The average price per square foot increased 1 percent during the month of June at $154.

El Dorado County showed an 11 percent increase in sales from May to June, and the inventory decreased by 1 percent from May to June. Pending sales have increased 19 percent during the month of June. 16 percent of the homes sold for under $200,000; 43 percent of the homes sold for between $200,000 and $400,000; and 41 percent of the homes sold for over $400,000. The average price per square foot increased by 3 percent during the month of June to $159.

Yolo County sales increased by 6 percent for June 2009 and the inventory increased by 2 percent. Pending sales increased 8 percent during the month of June. 34 percent of the homes sold for under $200,000; 48 percent of the homes sold for between $200,000 and $400,000; and 18 percent of the homes sold for over $400,000. The average price per square foot decreased by 2 percent during the month of June to $162.

Nevada County sales have increased by 16 percent during the month of June, and inventory increased 1 percent. Pending sales decreased by 3 percent. 3 percent of the homes sold for under $200,000; 38 percent of the homes sold for between $200,000 and $400,000; and 59 percent of the homes sold for over $400,000. The average price per square foot decreased by 7 percent during the month of June at $182.

San Joaquin County sales have increased by 6 percent during the month of June, and inventory decreased 7 percent from May to June. Pending sales are up 17 percent. 49 percent of the homes sold for under $200,000; 42 percent of the homes sold for between $200,000 and $400,000; and 9 percent of the homes sold for over $400,000. The average price per square foot remained the same during the month of June at $93.