Great Ranch Home on a beautiful landscaped level acre in Kelseyville! This is an above average sized house in a great neighborhood that is not too far from downtown Kelseyville and is in an easy commute location. There is lots of space inside and out with a large family room, living room and dining room. The kitchen is all electric with pavers tile floors, refrigerator, microwave and beautiful granite counters. Includes a large breakfast counter which connects kitchen to a nice sized dining room. There is a large deck in back that connect to the living-room and then opens up to the massive backyard which provides you with endless possibilities on how to further develop. Spa in back is included. Plastic Shed in back not included. This property includes two assessor parcel numbers: 017-011-04 and 017-011-05. Price Reduced to $349,000 MLS# LC16757893 Call Rick White, 707-536-7858
Small Vineyard with Savignon Blanc Grapes in the Big Valley AVA
Here is a nice manageable vineyard located in the Big Valley AVA. This property includes 9 acres of Sauvignon Blanc wine grapes a large 22′ x 53′ shop. Has two well including an Ag well and a domestic well. There is a house pad where a mobile home once stood complete with electrical and water hookups and septic tank. Vineyard established in 1995. Some production reports available. This property is located at the corner of Bell Hill Rd and Hummel Lane. Seller financing may be available. No well, Soils or water reports available. Price: $353,310 MLS# LC 17023656 Call Rick White, 707-536-7858
Lakefront Market Statistics for Clear Lake
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 13th 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.
SOLD! Great Lakefront Property in Soda Bay
SOLD! This is a great buy for having lakefront.
Lake County Market Status for January 2016
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
LAKE COUNTY 2015 REAL ESTATE MARKET year in review.
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
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.”
NUMBERS AT A GLANCE
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.
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%
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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.
NUMBERS AT A GLANCE
Lake County – March 2015
Lake County – February 2015
Lake County – March 2014
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