| The past year, 2006, marked the lowest volume of | | | | December 2005. In addition the number of pending |
| annual sales since 1999 with less than 47,000 new | | | | sales decreased 6 percent in December compared to |
| and existing houses and condominiums sold in the | | | | November. December inventory is reported to be |
| four county Sacramento area according to DataQuick. | | | | 10,317 for the three counties, up 28 percent from |
| As reported in a Sacramento Bee story, "'06 housing | | | | last year but still down from the July 2006 high of |
| stats tell a scary tale," the inventory of available | | | | 14,547. Trendgraphix reports the average price per |
| homes has dropped from August 2006 highs but still | | | | square foot of homes sold in the three counties was |
| ended up with just about 11,000 homes on the | | | | $225, a 9 percent drop from last December. |
| market in the four county area. | | | | In Sacramento County December sales decreased 4 |
| The slowdown or market adjustment in the | | | | percent from November and inventory decreased by |
| Sacramento real estate market during the year also | | | | 13 percent. Pending sales decreased by 4 percent |
| brought lower prices and an end to the red hot | | | | from 942 pending sales in November to 907 pending |
| market that we experienced during the three | | | | sales in December. The average price paid per square |
| previous years. Median sales prices were down 7 | | | | foot in Sacramento decreased by 1 percent during |
| percent in Sacramento County, 16.9 percent in Placer | | | | the month of December to $224. |
| County and there was a 14.1 percent decline in Yolo | | | | Placer County decreases in December from |
| County. According to the Bee article some of the | | | | November were 5 percent in sales and 14 percent in |
| price decline can be attributed to new home builders | | | | inventory. Pending sales also dropped 5 percent. The |
| slashing prices to clear inventory. | | | | average price paid per square foot in Placer County |
| According to Michael Lyon the president of | | | | decreased by 3 percent during the month to $223. |
| Trendgraphix, the statistics arm of Lyon Real Estate, | | | | In El Dorado County sales were off 21 percent, |
| "2006 was a great year for buyers and, at the same | | | | inventory declined by 14 percent and pending sales |
| time, a reality-check for sellers. Overall, prices | | | | were down 17 percent. The average price per square |
| dropped a minimum of 10% last year and days on | | | | foot remained the same during the month of |
| the market for homes that have sold now averages | | | | December to $231. |
| above 70 days," As part of the latest Trendgraphix | | | | Overall the Sacramento real estate market in 2006 |
| press release he went on to say, "Sellers on average | | | | will be remembered. Some will call it the crash of '06 |
| have to discount 4% below the last sold to make a | | | | or the year the bubble burst and others will |
| sale. | | | | remember it as the year of the slowdown or market |
| Trendgraphix reported sales volume was down 2 | | | | adjustment. What you call it and how you feel about |
| percent in December for Sacramento, Placer and El | | | | it really depends on how it impacted you. |
| Dorado counties and 25 percent lower than | | | | |