Market Statistics

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 Market Status for January 2016

February 22, 2016 by Rick White

January Median Sales Price Rises as Number of Sales Slows

LAKEPORT (Feb 18) – The Lake County Association of Realtors® (LCAOR) reported that the January median sales price of single family residences in Lake County rose 7.6% over like sales in December 2015. The January median sales price was $232,500 compared to $216,000 in December. The number of sales in January was 50 which was a 46.2% decrease from the 93 sales in December.

“It is not uncommon to see the number of sales dip in January,” commented Erin Woodward, 2016 LCAOR President. “People tend to be preoccupied with other matters in December and that is reflected in the January numbers. The fact that the median price increased over December’s has also been a pattern we have seen over the last few years.”

On a year over year basis, the number of sales increased 11% going from 45 in January 2015 to the 50 sales in January 2016. The January 2016 median price of $232,500 increased 46% over the January 2015 median sales price of $159,000.

Sales financed by cash accounted for 32% of the transactions which was up from 25.58% of the sales in December and virtually the same when compared to January 2015 sales. Conventional loans made up 36% of the sales, down from 53.5% of the sales in December 2015. However, FHA financed sales rose to 18% of the sales after financing 10.5% of the December sales.

On a statewide basis the California Association of Realtors (CAR) reported that existing, single family home sales totaled 383,670 in January, down 5.4% from December 2015 and up 8.8% from January 2015. The median sales price was $468,330 down 4.3% from December 2015 and up 9.2% from January 2015. CAR reported that the highest median price in the state was $1.17M in the City and County of San Francisco.

NUMBERS AT A GLANCE

Lake County – January 2016
* Median price: $232,500
* Median days to sell: 78
* Units Sold: 50

Lake County – December 2015
* Median price: $216,000
* Median days to sell: 92
* Units Sold: 93

Lake County – January 2015
* Median price: $159,000
* Median days to sell: 112
* Units Sold: 45