Sacramento Housing Market - Price Peaks
A lot of price predictions have been bandied about here on this blog and in the media. I thought it might be useful to see just exactly when prices peaked so that going forward we can compare the current prices to the peaks.
**Note on DataQuick figures: In January 2007, DataQuick revised all of its data back to 1988. I will add updated peak price figures when/if the Sacramento Bee publishes them. Unless indicated by (**) , all dqnews and Sacramento Bee numbers below are the old unrevised figures. Accordingly, comparing the peak prices with current prices published by the Sacramento Bee and dqnews.com may be somewhat misleading.
Sacramento County
Median price - resale single-family homes & condos, new homes
Source: Sacramento Bee - DataQuick
Price peak: $387,000** (August 2005)
Median price - resale single-family homes & condos, new homes
Source: dqnews.com (archived at car.org) - DataQuick
Price peak: $378,000 $390,000 [revised] (November 2005)
Median price - resale single-family homes
Source: Sacramento Bee - DataQuick
Price peak: $372,000 $374,000** [revised] (August 2005)
Median price - new homes
Source: San Francisco Chronicle - DataQuick
Price peak: $476,500 (December 2005)
Median price - MLS
Source: golyon.com - Trendgraphix/Lyon Real Estate
Price peak: $395,000 (August 2005)
Median price - MLS
Source: John Lockwood
Price peak: $399,499 (November 2005)
Average price - MLS
Source: golyon.com - Trendgraphix/Lyon Real Estate
Price peak: $428,000 (August 2005)
Average asking price - MLS
Source: golyon.com - Trendgraphix/Lyon Real Estate
Price peak: $517,000 (May 2005)
Average home sold price per square foot - MLS
Source: golyon.com - Trendgraphix/Lyon Real Estate
Price peak: $254 (September 2005)
Average sold price per square foot - MLS
Source: Agent Bubble
Price peak: $258 (July, August, September 2005)
Average sold price per square foot - MLS
Source: John Lockwood
Price peak: $254 (September 2005)
Sacramento County + West Sacramento
Median price - resale single-family homes (MLS)
Source: sacrealtor.org - Sacramento Association of Realtors
Price peak: $392,750 (August 2005)
Average price - resale single-family homes (MLS)
Source: sacrealtor.org - Sacramento Association of Realtors
Price peak: $425,655 (August 2005)
Sacramento Region
Median price - resale single-family homes (MLS)
Source: car.org - California Association of Realtors
Price peak: $394,450 (August 2005)
Price sold per square foot - new & resale homes
Source: Radar Logic
Price peak: $252.78 (September 6, 2005; 28-day aggregation)
Zillow Home Value Index
Source: Zillow.com
Price peak: $419,074 (Q2 2005)
Placer County
Median price - resale single-family homes & condos, new homes
Source: Sacramento Bee - DataQuick
Price peak: $525,000** (December 2005)
Median price - resale single-family homes & condos, new homes
Source: dqnews.com (archived at car.org)- DataQuick
Price peak: $519,000 $515,500 [revised] (August 2005)
Median price - resale single-family homes
Source: Sacramento Bee - DataQuick
Price peak: $502,000 $504,000 [revised] $505,000** [revised again] (August 2005)
Yolo County
Median price - resale single-family homes & condos, new homes
Source: dqnews.com (archived at car.org) - DataQuick
Price peak: $490,000 $489,000 [revised] (December 2005)
Median price - Resale single-family homes
Source: Sacramento Bee - DataQuick (through May 2006 only*)
Price peak: $436,500 (November 2005)
El Dorado County
Median price - resale single-family homes & condos, new homes
Source: dqnews.com (archived at car.org) - DataQuick
Price peak: $507,250 (March 2006)
Median price - resale single-family homes
Source: Sacramento Bee - DataQuick (through May 2006 only*)
Price peak: $475,000 (September 2005)
Additional Price Resources:
Median price paid per square foot, median price by zip code
Source: dqnews.com (archived at Sacbee.com) - DataQuick
Asking prices (Average, median, and average price per square foot)
Source: Sacramento Real Estate Statistics blog
Asking prices
Source: Housing Tracker (old & new)
Realtor Associations (Monthly MLS Reports):
Sacramento
Placer (click "Documents Resources" on left, then scroll down)
El Dorado
8 comments:
In mid summer 2005 my father continued his warnings and predictions..."The baffoon balloon
is about to burst".
Here he is, at age 81, warning his son.
I suppose he was getting words from above.
He died October 22, 2005.
He was correct. The end was very near.
Thanks for reading my post.
I consider the peak to be June 2005, more precisely June 20, 2005. That was the day my neighbor told me he could get $650K for his 1100 ft2 bungalow in E. Sac, which is located 2 blocks from the freeway. (never put on the market, by the way)
Updated to include data from the Sacramento Association of Realtors.
Updated to include the median price for new homes in Sacramento County.
Updated Sac & Placer price peaks based on DQ's revised figures.
Placer resale median revised per SacBee.
Yolo median revised per dqnews.com.
Revised Placer sacbee price peak. Added revised DQ clarification.
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