Carmichael Housing Market Data from Last Year ????

Carmichael Housing Market Data from December 2021

Median Housing Market Data

Notice in red below. The sales prices of homes that are sold each month have dropped. Not sure why.

Looking at the active listings in blue. The number is fewer each month. This is normal this time of year. It’s also normal this time of year for the DOM (days on market) to increase.

Of the homes pending each month let look at how many had multiple offers. In September 44% had more than on offer. In October 39%, 57%, and December had 65%.

Looking at the homes that sold each month and how many had more than one offer. September had 62%, 53%, 48% and December 62%.

Looking back at these same months last year. September had 67%, 69%, 64% and December 67%.

When comparing December’s home sales this year to December last year. Carmichael home prices are up 14%. But looking at the last 4 months. Home prices in Carmichael are down 10%.

September-21
	# Listings	List Price	Sale Price	DOM
Active	66	$575,000	$0	28
Pending	86	$545,000	$0	11
Sold	84	$549,950	$575,000	8
Sold 2020	70	$467,000	$473,000	6
October-21
	# Listings	List Price	Sale Price	DOM
Active	74	$534,500	$0	17
Pending	74	$529,500	$0	11
Sold	70	$529,450	$536,000	11
Sold 2020	80	$479,500	$492,250	6
November-21
	# Listings	List Price	Sale Price	DOM
Active	41	$619,000	$0	27
Pending	84	$495,000	$0	13
Sold	64	$529,500	$527,500	10
Sold 2020	63	$429,000	$435,000	7
December-21
	# Listings	List Price	Sale Price	DOM
Active	40	$544,500	$0	32
Pending	69	$499,000	$0	7
Sold	71	$500,000	$515,000	9
Sold 2020	88	$446,622	$452,850	7

Let’s look at each of the homes that sold in December. The homes are listed below. The homes are sorted by selling percent below list price to the percent above list price. The far-right column is the amount the sellers dropped or increased their price when it sold.

In red below. This home was on the market for 106 days. The agent most likely increased the price once they received an offer. This drives up the price. Not all agents will do this. In fact, most will not.

In blue below. This home was clearly well overpriced.

16 homes sold for below list price in December. 41 sold for over list price. The remaining homes were sold for the list price.

Status	Original Price	List Price	Sold Price	DOM	Percent Above or Below List Price	Price drops/ Increases
Closed	3195000	2950000	2600000	190	-12%	-245000
Closed	412000	398900	376000	138	-6%	-13100
Closed	749900	739900	700000	36	-5%	-10000
Closed	490000	474900	450000	25	-5%	-15100
Closed	524900	479000	455000	79	-5%	-45900
Closed	399000	399000	381000	5	-5%	0
Closed	521000	470000	450000	115	-4%	-51000
Closed	599000	599000	577000	8	-4%	0
Closed	525000	525000	509000	24	-3%	0
Closed	1449000	1449000	1410000	13	-3%	0
Closed	460000	460000	450000	20	-2%	0
Closed	350000	350000	345000	25	-1%	0
Closed	669000	639000	630000	37	-1%	-30000
Closed	750000	725000	715000	18	-1%	-25000
Closed	699000	699000	690000	91	-1%	0
Closed	564000	564000	561000	22	-1%	0
Closed	668000	668000	665500	5	0%	0
Closed	647100	647100	647000	6	0%	0
Closed	440000	460000	460000	106	0%	20000
Closed	640000	525000	525000	141	0%	-115000
Closed	540000	478000	478000	94	0%	-62000
Closed	524900	515000	515000	54	0%	-9900
Closed	549999	515000	515000	43	0%	-34999
Closed	460000	430000	430000	23	0%	-30000
Closed	500000	500000	500000	1	0%	0
Closed	584900	584900	584900	7	0%	0
Closed	410000	410000	410000	17	0%	0
Closed	485000	459950	460000	52	0%	-25050
Closed	319900	319900	320000	9	0%	0
Closed	349000	299000	300000	62	0%	-50000
Closed	699500	750000	755000	6	1%	50500
Closed	415000	415000	418000	18	1%	0
Closed	670000	615000	620000	30	1%	-55000
Closed	511000	495000	500000	86	1%	-16000
Closed	574000	574000	580000	6	1%	0
Closed	699000	499000	505000	157	1%	-200000
Closed	375000	375000	380000	5	1%	0
Closed	515900	515900	525000	4	2%	0
Closed	509900	479900	490000	27	2%	-30000
Closed	665000	665000	680000	6	2%	0
Closed	459000	459000	469500	11	2%	0
Closed	525000	525000	540000	7	3%	0
Closed	630000	630000	650000	4	3%	0
Closed	429000	429000	445000	2	4%	0
Closed	620000	620000	645000	4	4%	0
Closed	720000	720000	750000	9	4%	0
Closed	549900	549900	575000	34	5%	0
Closed	325000	325000	340000	3	5%	0
Closed	529990	529990	555000	4	5%	0
Closed	315000	315000	330000	4	5%	0
Closed	673000	673000	708000	3	5%	0
Closed	498800	498800	525000	3	5%	0
Closed	399000	399000	420000	5	5%	0
Closed	560000	558000	588000	32	5%	-2000
Closed	589000	589000	621000	5	5%	0
Closed	799900	799900	845000	9	6%	0
Closed	299900	299900	320000	3	7%	0
Closed	434900	434900	465500	5	7%	0
Closed	465000	465000	500000	19	8%	0
Closed	409000	409000	440000	5	8%	0
Closed	625000	625000	672900	5	8%	0
Closed	450000	450000	485000	8	8%	0
Closed	850000	850000	925000	7	9%	0
Closed	459000	459000	505000	0	10%	0
Closed	759950	759950	842500	9	11%	0
Closed	315000	315000	350000	2	11%	0
Closed	499000	499000	556000	5	11%	0
Closed	427900	427900	480000	4	12%	0
Closed	925000	925000	1050000	0	14%	0
Closed	500000	500000	570000	6	14%	0
Closed	360000	360000	452000	12	26%	0

Average Housing Market Data

In comparing the original price to the list price. In red the numbers, each month jump around. This is most likely caused by a large price drop during that month. This will throw off the numbers.

Notice December last year in pink.

September-21
	# Listings	Orig Price	List Price	Sale Price	DOM
Active	66	$799,119	$776,502	$0	43
Pending	86	$617,165	$607,452	$0	21
Sold	84	$558,753	$551,176	$563,727	15
Sold 2020	70	$500,084	$494,227	$502,627	14
October-21
	# Listings	Orig Price	List Price	Sale Price	DOM
Active	74	$805,181	$783,463	$0	42
Pending	74	$566,662	$560,467	$0	25
Sold	70	$619,023	$606,004	$609,132	19
Sold 2020	80	$518,796	$513,986	$518,841	13
November-21
	# Listings	Orig Price	List Price	Sale Price	DOM
Active	41	$901,567	$892,323	$0	44
Pending	84	$591,186	$578,023	$0	34
Sold	64	$550,812	$546,886	$547,756	19
Sold 2020	63	$471,815	$461,366	$459,465	18
December-21
	# Listings	Orig Price	List Price	Sale Price	DOM
Active	40	$850,571	$849,896	$0	52
Pending	69	$538,543	$534,700	$0	24
Sold	71	$584,678	$570,670	$580,039	29
Sold 2020	88	$496,953	$496,045	$503,768	12

When comparing the last 6 months of home sales this year to the same time last year. That would be July 1st to December 31st. Looking at this year's numbers in blue. The home prices are stable. No increase.

Last year there was a 1% price increase during these 4 months.

Again, I highly recommend not selling your home unless you must during these months.

To put the most money in your pocket it’s always best to plan. I know selling your home is not fun. I completely understand. Keeping it clean, dealing with the kids, ready at a moment's notice, strangers coming into your home. I get it completely.

That’s why I will go over the housing market conditions with you. Giving you choices of what is best for you at that moment. My goal is always to put the most money in your pocket.

Carmichael
Home Sales last 6 months
	Number of Sales	Median List Price	Median Sales Price	DOM
Sep 20	387	$459,000	$456,000	8
Sep 21	509	$515,000	$540,000	7
Oct 20	415	$465,000	$469,000	8
Oct 21	503	$517,000	$545,000	8
Nov 20	441	$459,000	$460,000	8
Nov 21	485	$525,000	$545,000	8
Dec 20	458	$454,950	$462,000	7
Dec 21	467	$525,000	$540,000	8

Carmichael Housing Market Data from Last Year ????

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