2010 California Real Estate Market Forecast2010年加利福尼亚州房地产投资预测.ppt

2010 California Real Estate Market Forecast October 22, 2009 California Desert AOR Leslie Appleton-Young C.A.R. Vice President and Chief Economist California’s Housing Cycles and Membership1970-2009 Sales Hit Bottom in 2007, Up in 2008 2009 California Sales of Existing Homes and Median Price California vs U.S. Median Prices 1970-2009 1970: CA $24,640 US $23,000 2009: CA $271,000 US $172,600 Dollar Volume of Sales Peaked in ’05Down 55% Thru ‘09 Sales of Existing Detached Homes and Pacific West Consumer Confidence California, August 2009 Sales: 526,970 Units, Up 38.2% YTD, Up 9.0% YTY Median Price of Existing Detached Homes California, August 2009: $292,960, Down 16.9% YTY Sales By Price RangeOctober 2004 – present Peak vs Current Price - August 2009 Unsold Inventory Index California, August 2009: 4.3 Months Unsold Inventory Index (Months) Unsold Inventory Index: Over Under $500K Distressed Sales to Total Sales Ratio Year-to-Year Percent Change in Sales By Price Interval Year-to-Year Percent Change in Median Price Within Price Interval Home Sales in Southern California Regions Median Price of Existing Detached Homes Southern California Regions Riverside County Economic Profile Sales of Existing Detached Homes and Pacific West Consumer Confidence Riverside County, August 2009: 1,645 Units, Up 48.1% YTD, Down 1.6% YTY Sales of Existing Detached Homes Riverside County, 2008: 17,271 Units, Up 91.4% YTY Median Price of Existing Detached Homes Riverside County, August 2009: $173,510, Down 24.4% YTY Median Price Annual Comparison Riverside County, 2008: $238,984, Down 39.7% YTY Median Home Sales Price Riverside County Median Home Sales Price Riverside County Unsold Inventory Index Riverside and San Bernardino Counties, August 2009: 2.7 Months Median Time on the Market Single-Family Homes – Riverside, August 2009: 28.9 Days New Housing Permits Riverside County, August 2009: 370 Units, Down 38.9% YTD Median Price for New Homes Riverside County 2Q09