Lakefront Market Statistics for Clear Lake

January 14, 2017 by Rick White

If you’re interested in looking at the sales performance for stick-built Lakefront properties on Clear Lake in Lake County California then take a look at the data comparison that I have prepared for 2015 and 2016 sold lakefront residential property. I removed listings that were improperly listed as lakefront and here is what I found between the past two years. Fewer lakefront homes sold in 2016 than in 2015 but the average price went up slightly. Some areas did better than others. Overall the highest lakefront sales came out of the Buckingham Park Community while the lowest priced Lakefront sales which were mostly small cabins came from Jago Bay and the Eastlake areas. The higher priced luxury homes that had boat-lifts where from Buckingham Park and Paradise Cove areas.

As of January 13^th 2017 there are 24 active lakefront homes on the market ranging in price from $185K to $950K. If you’re happy with a mobile or manufactured home on the lake there are a few of them ranging in price from $155K to $354K.

I have a couple simple search tabs already set up for you to find lakefront property under and over $300,000 on my search page. Look along the right hand side of that page to find the links. Here is a link to jump to the search page http://bit.ly/2jkYE4r

Year LF Homes Sold Avg Price Highest Price Lowest Price

2015 50 $437,418 $995,000 $87,000

2016 22 $453,386 $1,125000 $175,000

Buckingham Park Avg Price Highest Price Lowest Price

2015 6 $816,083 $995,000 $525,000

2016 7 $698,571 $1,125,000 $345,000

East Lake, ( Clearlake, Clearlake Park & Windflower Point )

2015 15 $380,945 $699,000 $125,000

2016 13 $340,260 $550,000 $175,000

Paradise Cove Avg Price Highest Price Lowest Price

2015 2 $607,500 $790,000 $425,000

2016 1 $900,000 $900,000 $900,000

Lakeport Avg Price Highest Price Lowest Price

2015 4 $474,250 $625,000 $357,000

2016 2 $451,500 $470,000 $433,000

North Shore (Nice, Lucerne, Upper Lake)

2015 7 $382,133 $405,000 $140,000

2016 2 $522,000 $599,000 $445,000

The data provided herein is based on information from the California Regional MLS as of Jan. 1, 2015. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. To get comparative market information about your home or neighborhood contact me at 707-536-7858.

Filed Under: Rick's Blog Tagged With: Boat, Boat Lift, Buckingham Park, Buying, California, Clear Lake, Dock, East Lake, For Sale, Konocti Realty, Lake County, Lakefront, Luxury, Market, Market Statistics, North Shore, Northern California, Paradise Cove, Real Estate, Rick White, Selling, Waterfront

LAKE COUNTY 2015 REAL ESTATE MARKET year in review.

February 5, 2016 by Rick White

LAKEPORT, Calif. – Real estate sales in Lake County ended 2015 on an upswing, according to a report from the Lake County Association of Realtors.

LCAOR reported that the number of sales in December increased by 8 percent over November sales.

A total of 93 single family units sold in December compared to 86 in November. LCAOR said the 93 sales were the second-highest number in a month for 2015 with June topping the list at 109 sales.

The median sales price of $216,000 pulled back from the November median sales price of $252,250, which marked the high point for a monthly median price in 2015. The December median was the second-highest monthly sales price for 2015, according to LCAOR.

The 2015 December median sales price of $216,000 was 42-percent higher than the December 2014 median sales price of $152,000. In December of 2014 there were 53 sales making the 93 sales in December 2015 over 75-percent higher on a year-to-year basis, LCAOR reported.

“The last three months of 2015 ended strongly,” said 2016 LCAOR President Erin Woodward. “Both median sales prices and number of sales compared favorably to other months of the year. The real estate community did not know what to expect after the fires and many expected sales to slow, but that was not the case.”

Inventory levels in both November and December fell to four months. The report said a normal level of monthly inventory is considered to be six months.

In some years, LCAOR said the December inventories can be low as sellers wait to list their properties after the holidays. Continued low inventories can lead to a seller’s market.

Sales financed by cash fell to 25.6 percent of the transactions after they made up 47.7 percent of the deals in November. LCAOR said conventional loans accounted for 53.5 percent of the financing with another 10.5 percent of the transactions being financed through FHA loans.

Distressed sales increased to 17 percent of the sales after making up only 4.7 percent of the deals in November, according to the report.

On a statewide basis the California Association of Realtors reported that existing, single-family home sales totaled 405.530 in December, up 9.6 percent from November 2015 and up 10.7 percent from December 2014, LCAOR said.

LCAOR said the median sales price in California was $489,310 up 2.6 percent from November 2015 and up 8.0 percent from December 2014.

NUMBERS AT A GLANCE

Lake County – December 2015

Median price: $216,000

Median days to sell: 92

Units Sold: 93

Lake County – November 2015

Median price: $252,250

Median days to sell: 107

Units Sold: 86

Lake County – December 2014

Median price: $152,000

Median days to sell: 94

Units Sold: 53

Filed Under: Rick's Blog Tagged With: CA, California, Lake County, Market, Northern California, Real Estate, Stats

Lake County Year End Market Statistics 2013

February 6, 2014 by Rick White

These statistics were provided by the Lake County Association of Realtors® showing a comparison of market performance between 2012 and 2013. The first graph shows the overall market picture for residential in the county and the second graph show residential market information for various areas in the county.

Click below to see a pdf version of this chart which may be easier to read:

2013 vs 2012 SFR Median Lake County Market Page 1 and 2 combined

Filed Under: Rick's Blog Tagged With: 2012, 2013, Analysis, Lake County, Market, Real Estate, Residential, Statistics

Seller are Optimistic!

January 31, 2014 by Rick White

Interesting Analysis taken from a survey that was conducted by the California Association of Realtors® in late summer 2013.

Filed Under: Rick's Blog Tagged With: Analysis, California, Lake County, Market, Real Estate, Sellers, Survey

Lake County Market Update – Inventory and Average Sales Price 2009 – 2013

May 29, 2013 by Rick White

Is residential home inventory decreasing in Lake County California? You better believe it. From the looks of it, like so many other areas in California, the residential home inventory is going down and prices are going up. It’s a nice trend for those waiting to sell. If your a developer, based on this trend, now is the time to secure land if you’re planning to develop or build spec homes. If your wanting to purchase a primary residence or vacation home in Lake County stop waiting! Now is the time get off the fence and take action while interest rates are low and prices are still comparatively low. Here are a couple charts to show what is going on with residential homes in Lake County.

Filed Under: Rick's Blog Tagged With: Buying, California, Lake County, Market, Real Estate, Residential, Selling, Statistics, update

Lake County CA Market Analysis as of 13 February 2013

February 13, 2013 by Rick White

Lake County Inventory and Market Analysis

There are noticeable trends with the residential market in Lake County California. Provided below is a month to month snapshot of inventory and price changes for the past 6 months, past year and past 4 years. The peak inventory of residential homes was in the summer of 2010 when there were over 900 active residential listings. Now as of Wednesday February 13th there are approximately 413 active residential listings.

Property types included in this statistical analysis includes: Single Family Residence, Condominiums, Townhouse, ‘Manufactured homes with or without 433 foundations, and Cabins. Mobile Homes are not included in this analysis.

6 MONTH INVENTORY HISTORY

Six month inventory showing a decrease from 600 listings in September 2012 down to 413 active residential listings in February 2013. Time frame is from 1 Mar 2012 to 13 Feb 2013

6 MONTH SALES HISTORY

This six-month sales history shows month-to-month sales of residential properties since September 2012. We are about 1/3 of the way through the month of February and we expect to see the month sales keeping with the December – January sales or possibly better. We also expect to see a spike in sales from April through July, which are usually the busiest months in Lake County. Average Sales Price for the Month of January is $138,504 and the average days on market is approximately 100 days. Time frame is from 1 Mar 2012 to 13 Feb 2013