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.


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


Lake County Residential Market Statistics for July 2015

For Release: August 12, 2015


Distressed Sales Dwindling in Lake County Market

LAKEPORT (Aug 12) – The Lake County Association of Realtors® (LCAOR) reported that distressed sales, homes sold after foreclosure or for less than what was owed, declined to 6.42% of July sales for single family residences. At one time during the recent recession distressed sales made up over 70% of the residential sales in the county. “It is good to see homeowners getting back above water,” commented LCAOR President Yvette Sloan. “With the market returning to a more normal state people feel more comfortable about purchasing a home.”

The median sales price for July rose to $211,000 up slightly from the June median price of $209,900. The July 2015 median sales price was 25.6% higher than the July 2014 median sales price of $168,000. The number of units fell from 109 sold in June to 82 units in July. Year over year, July 2015 compared to July 2014, the number of units sold increased by 3.8%.

On the financing front, cash buyers accounted for about 21% of the deals, which was down from 37.6% of the deals in June and down from 39.2% in July, 2014. Nearly 44% of the sales used conventional loans to finance the sales. FHA and CalVet/Vet loans each made up 9.76% of financing of sales.

Inventory levels rose to six (6) months of inventory after dipping to four (4) months in June. July 2014 had six (6) months of inventory also. Six months of inventory is considered “normal” for the real estate market.

Looking ahead to August sales Yvette Sloan noted, “At this point it is difficult to tell if the Rocky and Jerusalem fires will have an effect on the market. Insurance carriers are waiting for containment of the fires before issuing new policies and that could slow things down temporarily.”



Lake County – July 2015

  • Median price: $211,000
  • Median days to sell: 90
  • Units Sold: 82

Lake County – June 2015

  • Median price: $209,900
  • Median days to sell: 61
  • Units Sold: 109

Lake County – July 2014

  • Median price: $168,000
  • Median days to sell: 56
  • Units Sold: 79

Lake County Association of REALTORS® … Helping REALTORS® to improve the consumer experience. LCAOR offices are located in Lakeport, CA.

Lake County Market Statistics up to June 2015

Click on the image to get a larger view. Lake_06-15_000001

Lake County Homeownership Expo! June 12 – 14th

Spread the word this should be a great event:


Homes take a 25% Jump in median price for Lake County for March 2015.

The Lake County Association of Realtors just posted the statistics for March  2015.  Prices rose by 25%

Here is the report:  

Home Sale Prices Increase by Twenty Five Percent


LAKEPORT (April 17) – The Lake County Association of Realtors® (LCAOR) reported that the median sales price of single family residences for Lake County rose from $180,000 in February 2015 to $224,000 in March, a 24.44% increase. Like sales in March 2014 had a median sales price of $155,000 showing a 44.5% increase when comparing year to year sales. Fluctuations in median pricing on a month to month basis can vary widely because of the limited number of sales however the trend has been on the upswing since December of 2014. The median sales price for all of 2014 was $169,000 compared to $175,000 for the first three months of 2015.


Fifty two (52) units sold in March compared to 43 in February for a 20.9% increase.

In March 2014 the number of units selling was 51. Inventory levels remained relatively the same at 7.1 months of inventory in March and 7.4 months of inventory in February. The months of inventory in March 2014 was 5.6 indicating that there are more homes available this year than last year.


“Realtors are reporting that the activity and interest in buying a home has picked up,” stated LCAOR President Yvette Sloan. “Interest rates are still attractive and the ability to get a loan has improved.”


Mortgage rates moved upward in March, with the 30-year, fixed mortgage interest rate averaging 3.77 percent, up from 3.71 percent in February but down from 4.34 percent in March 2014, according to Freddie Mac. Adjustable-mortgage interest rates also rose in March, averaging 2.46 percent, up from 2.43 percent in February but down from 2.48 percent in March 2014.


Distressed sales, homes sold after foreclosure or for less than what was owed, continued to decline falling from 18.6% of the sales in February to 11.5% in March. The decline was more significant, 11.5% from 27.5%, when compared to March 2014.


Cash only purchases accounted for 25% of the sales with 42.3% of the sales being financed through conventional loans. These percentages are similar to both February 2015 and March 2014. The median days to sell a home was 116. For all of 2014 the median days to sell was 76. The median days to sell is the number of days from the time the property was listed until it went into escrow.





Lake County – March 2015

  • Median price: $224,000
  • Median days to sell: 116
  • Units Sold: 52


Lake County – February 2015

  • Median price: $180,000
  • Median days to sell: 118
  • Units Sold: 43


Lake County – March 2014

  • Median price: $155,000
  • Median days to sell: 98
  • Units Sold: 51




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