Granite Bay Real Estate Statistics Report - July 2011

 

	1 quarter			1 year			6 years
	Mar 11	June 11	% Change	June 10	June 11	% Change	June 05	June 11	% Change
For Sale	105	113	7.6%	144	113	-21.5%	119	113	-5%
New Listing	43	43	0%	45	43	-4.4%	66	43	-34.8%
Sold	18	24	33.3%	27	24	-11.1%	37	24	-35.1%
Pended	28	36	28.6%	23	36	56.5%	40	36	-10%

The number of homes for sale in Granite Bay increased slightly in June when compared to March of this year, but decreased considerably compared to June of last year.

The number of new listings that were added to to the market in June was equal to the number added in March, and was only slightly less than the number added in June of last year.

As of July 26th, 2011 there are 40 homes listed in Granite Bay that are short sales in contract awaiting bank approval, compared to 33 on April 27th and 26 on July 27th, 2010.

The number of homes that were pending sale in June was higher when compared to March and June of last year.

The number of homes that sold in Granite Bay in June was up compared to March of this year, but was down slightly compared to the number of homes sold in June of last year.

To view a list and map of the recent homes that sold in Granite Bay, click Granite Bay home sales April - June 2011.

To view an analysis of foreclosure activity in Granite Bay, CA for the period, click Granite Bay Foreclosure Report June 2011.

To view a current list of the homes for sale in Granite Bay, click Granite Bay Homes for Sale.

Granite Bay Average Price Per Square-Foot

 

	1 quarter			1 year			6 years
	Mar 11	June 11	% Change	June 10	June 11	% Change	June 05	June 11	% Change
Avg. Sq. Ft. Price	186	183	-1.7%	202	183	-9.5%	287	183	-36.4%

The average price per square-foot of Granite Bay homes decresed in June when compared to March of this year and compared to June of last year as well.

Granite Bay Average List Price and Average Sales Price

 

	1 quarter			1 year			6 years
	Mar 11	June 11	% Change	June 10	June 11	% Change	June 05	June 11	% Change
Avg. Active Price	971	890	-8.3%	1171	890	-24%	1352	890	-34.2%
Avg. Sold Price	701	617	-12%	641	617	-3.7%	825	617	-25.2%

The average asking price of Granite Bay homes was lower in June than it was in March of this year and lower than June of last year as well.

The average sales price was lower in June than it was in March, at it was also down compared to June of last year.

Granite Bay Median Home Sales Price 

 

	1 quarter			1 year			6 years
	Mar 11	June 11	% Change	June 10	June 11	% Change	June 05	June 11	% Change
Median Price	561	552	-1.6%	578	552	-4.5%	769	552	-28.2%

The median sales price of homes in Granite Bay was down in June when compared to March of this year and when compared to June of last year.

Granite Bay Number of Months of Housing Inventory

 

	1 quarter			1 year			6 years
	Mar 11	June 11	% Change	June 10	June 11	% Change	June 05	June 11	% Change
Months of Inventory (Closed Sales)	5.8	4.7	-19%	5.3	4.7	-11.3%	3.2	4.7	46.9%

The inventory of homes for sale in Granite Bay, when calculated using the number of homes for sale compared to the number of homes that have recently sold, stands at 4.7 months, which is lower than March of this year and lower than June of last year.

Granite Bay Average Days on Market and Sales Price to List Price %

 

	1 quarter			1 year			6 years
	Mar 11	June 11	% Change	June 10	June 11	% Change	June 05	June 11	% Change
Avg. CDOM	85	114	34.1%	125	114	-8.8%	0	114	n/a
Sold/List Diff. %	92	97	5.4%	96	97	1%	98	97	-1%

Average consecutive days on market for Granite Bay homes sold in June was longer than in March of this year, but was shorter than in June of last year.

The average discount negotiated off the list price of Granite Bay homes was 3% in June compared to 8% in March and 4% in June of last year.  

If you have any questions about the statistics provided in this report, or if you are interested in buying or selling a home in Granite Bay, please feel free to call us at 916-728-1981.

 

*All reports are published July. 2011, based on data available at the end of June. 2011.
All reports and graphs presented  were created by www.TrendGraphix.com and are based on data supplied by the Metrolist MLS. The Metrolist MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Metrolist MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Comments

[Ryan Lundquist]

Ryan Lundquist Says:

Wow, Patrick. You've been crunching quite a few numbers. Do you do much business in Granite Bay? I appraised a property in Treelake very recently.

[Patrick Hake]

Patrick Hake Says:

Yep, I have been busy the past few days catching up the statistics for a few of the areas we cover. We do a fair amount of business in Granite Bay. One of the agents who works for me just helped a client purchase a beautiful home on Calle Montalvo Circle in Los Lagos. I also have a client with an offer out on a property in Wexford. I have my fingers crossed that they will get it, because the really love it. Thanks for subscribing to my blog. Hopefully you find the content useful. I know I get a lot of great info from your blog (http://www.sacramentoappraisalblog.com ).- Patrick

[Ryan Lundquist]

Ryan Lundquist Says:

That's great to hear, Patrick. It sounds like your office is busy in Granite Bay. Los Lagos sure is quite a community. Thanks for the blog kudos.