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how to graph

Real estate drama (and a market update)

December 15, 2020 By Ryan Lundquist 50 Comments

I’m not into The Bachelorette or The Real Housewives. It’s just not my thing. But I love me some real estate drama. I’m not talking about HGTV, but the housing market. I know that elevates my nerd status, but I’m hyper focused on fresh stats, ups and downs, and things that make the market move.

(scroll down for a big market update instead)

AN EXCEL FILE FOR CHRISTMAS? Today I want to share some new neighborhood visuals and I’d like to give you an Excel template so you can quickly make these images for neighborhoods in your area. Does that interest you? If I have consensus I’ll post a template with instructions next week.

DRAMA IN THE NEIGHBORHOOD: What can you tell me about this neighborhood (East Sac)? What stands out to you about the relationship between price and square footage, lot size, and bedroom count? I made these images in a couple of minutes with the template I mentioned.

What do you think? Do you like any of these images? Any ideas for something else to show in a quick template like this? Let me know.

UNCLE RYAN’S LAME GIFT: I know it’s odd to wrap an Excel file for Christmas, but let me know if this would be relevant. You can use it for studying neighborhoods, explaining the market to clients, or for newsletters / social media. If there’s enough interest I’ll make a video tutorial. You don’t need to be an Excel guru either. This is something anyone can do with a little effort.

FOX 40 INTERVIEW: By the way, I did a 15-minute live segment last week on Fox 40. We talked about Sacramento being poised to have the strongest market in the country next year according to Realtor.com. Watch here if you wish.

Thanks so much for being here.

Any thoughts?

———————- (skim or digest slowly) ———————–

BIG MARKET UPDATE

For those interested, here’s a big Sacramento market update:

MARKET SUMMARY: In short, we’ve been seeing the drama of a spring real estate season during the fall months. The housing market has been on steroids and the slower fall season we normally have just didn’t happen. Well, technically we are seeing some stats start to slow down as prices have gone sideways lately and we’re seeing fewer sales like we normally do in November and December. But here’s the thing. The “slower” stats are still so elevated from where they should be that it just doesn’t feel slow at all.

HIGHLIGHT REEL:

  • Half of all sales sold in seven days or fewer last month
  • For six months in a row sales volume has outpaced last year
  • We only have three weeks of supply (that’s crazy low)
  • We have the lowest monthly inventory in 15-20 years (at least)
  • Buyers made twice as many offers last month compared to last year
  • The number of listings has been chopped in half
  • Price metrics are up about 12-14% from last year
  • November 2020 regional volume is up 25% from November 2019
  • 63% of all sales had multiple offers last month
  • There were 53.6% more multiple offers compared to last year
  • Each sale last month had an average of 3.22 offers
  • Sales volume is up about 2% over the past 12 months
  • There were 106% more million dollar sales from July to November

WAY TOO MANY VISUALS:

You are welcome to use these in newsletters and social media with proper attribution. Scroll quickly or digest slowly.

SACRAMENTO REGION:

  

 

 

SACRAMENTO COUNTY:

PLACER COUNTY:

EL DORADO COUNTY:

Other visuals: I have lots of other graphs. Check out my social media in coming days and weeks. I am posting daily stuff on Facebook, Twitter, and LinkedIn. Oh, and sometimes Instagram.

Thanks for being here.

Questions: What are you seeing in the market right now? Any stories to share? Are you interested in my Excel template? I’d love to hear your take.

If you liked this post, subscribe by email (or RSS). Thanks for being here.

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Filed Under: Market Trends Tagged With: aggressive real estate market, Appraisal, Appraiser, California, East Sac, East Sacramento, El Dorado County, Excel, Greater Sacramento Regional Appraisal Blog, House Appraisal, housing shortage, how to graph, low inventory, Placer County, Real Estate Market, rising prices, sacramento housing trends, trend graphs

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Disclaimer

First off, thank you for being here. Now let's get into the fine print. The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

The information on this website is meant entirely for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or any other potential real estate or non-real estate purpose. The material found on this website is meant for casual reading only and is not intended for use in a court of law or any other legal use. Ryan will not appear in court in any capacity based on any information posted here. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose or valuation consulting, please contact Ryan at 916-595-3735 for more information.

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