The first three quarters of 2015 show the market in Graeagle is moving in a positive direction.
Sales volume is up and the average cost of housing has also increased while the number of days
on the market has decreased.
2014 66 286 $246,574 8%
2015 82 211 $271,514 7%
%chg 20 26 9 12
Click here for the actual sales data: 3 Qtrs 2015
Thanks to a strong 4th quarter finish the annual sales for residential homes in the greater Graeagle area was only down 12% (sales were down 25% through the first three quarters of 2014). While the “average days on the market” was up 9% the average sale price was also up, slightly over 2%. Short sales and REOs were down almost 50% showing some increased stability in the market place.
The items in bold show those transactions that involved Graeagle Associates, Realtors as representing the buyer, seller or both. Once again the data shows Graeagle Associates is “the market leader” in real estate.
The Local Area Sales Sales Summary shows the sales results by specific areas over a period of time (from the “good ol’ days” to present). Reviewing the results of the past couple of years does show an upward trend overall in the average price sold.
Vacant Lot & Acreage sales were up 57% over 2013. The continuing bargain sales of Gold Mountain was the primary contributor. Sales at Gold Mountain were up 330% but with an average price of only $10,600. The Gold Mtn lot prices caused the average lot price to fall 37% to $25,747 in 2014 from $40,913 in 2013.
Lots Sold ’14
The Graeagle Area sales continue to be disappointing through the third quarter of 2014. Total sales are off 25% compared to 2013 and the “days on the market” increased by 15% to 286 days. While the average sell price was up 2% ($246,574) the asking price compared to the sale price was off by 3%.
The first six months sales results show sales declining by 20% (33 vs 41) with an average days on the market of 354 as compared to 250 for 2013.
The first four months of 2014 show almost exactly the same number of sales as last year, 20 this year as compared to 19 last.
The real estate market is finally rebounding and once again the data shows that Graeagle Associates, Realtors is the market leader. The Graeagle Area Market Sales Summary indicates a significant improvement as compared to the last five years. The number of residences sold was up 20% over 2012 and the average sale price was up 19%. Sellers found some comfort in the fact that the sales price was only 6.5% below the asking price. Meanwhile, bank owned properties and short sales were down 25%. Local Area Market Sales
The Graeagle Area Residential Sales report shows all sales for 2013 by closing date. 2013 Sales
Sales of vacant lots and land continues to trail residential sales. However, land sales should increase as the housing inventory decreases. Lots & Land
The Sold Analysis report provides a snapshot of sales activity and pricing by local communities. Sold Analysis
The first nine months sales activity for the Graeagle Area shows an 18% increase in the number of units sold over the same period last year. The average “list price” was slightly down from the previous year but the “sell price” is only 5.5% off the “asking price.” Plus, the average days on the market has fallen from 263 to 232. All and all it appears that, in general, sellers are pricing their property to reflect the market conditions and buyers, as a rule, are realizing this. As the interest rates begin to creep up buyers are aware that this may be the last opportunity to take advantage of the situation.
Click here for sales details First 3 Qtrs’13 2013 Lot Sales
The 2012 real estate sales year had several changes from the prior year, both positive and negative. First, and most importantly, residential home sales (92 units) were up about 50% over 2011. Secondarily, of those residences, 35% were either bank owned or short sales and 52% were sold for less than $200,000. For comparison, sales data from 2011 shows 41% bank owned and 46% under $200,000. Here is the spread sheet for the residential sales year 2012 Area Sales and for vacant land 2012 Lots & Land
The Sales Summary Report for the area subsets shows a 63% increase in sales with 30% of sales either bank owned or short sales. The average price was only about 7% lower than the previous year, the least amount of decline in the last five years. Local Area Market Sales ’12
The Sold Analysis report shows 2012 sales data broken down by specific areas of Eastern Plumas Country. 2012 Sold Analysis
This report highlights sales by value. Graeagle Stats
It was no surprise that the second half of the year represented 62% of the sales due to the winter conditions. The Valley area had 61 residences sold in 2011 compared to 28 & 51 for 2009 and 2010 respectively. The “bank owned” or repossessed properties and “short sales” where the selling price is less than the mortgage amount was up by 4% to 41% of the total sales. Also noteworthy is that 46% of the total were residences that sold for less than $200,000.
2011 Sales of Residential and Lots&Land2011
This report shows sales in Eastern Plumas County by area. It further breaks down the data by single family residence, condo/townhome or lots & land, giving gross listed value vs gross selling price: 2011 Sold Analysis
The following report is a chart comparing a number of neighborhood sales data over a seven year period: Local Area Market Sales ‘11
This report shows the Valley data by price range: Graeagle Stats 2011