BROUGHT TO YOU BY

3640 American River Drive, Suite 100, Sacramento, CA 95864

CONTACT: Michael Lyon

CEO

(916) 978-4266

FAX (916) 481-7592

The four-county area of El Dorado, Placer, Sacramento and Yolo witnessed a

29% decrease in closings in July. The end of the federal down payment

program was partly to blame; however it was not the only factor. The area

also experienced a 15% increase in the number of homes for sale since May

as well as a decline in the average listing price. “Buyers took a step back to

take advantage of the larger inventory at lower prices,” stated Michael Lyon,

CEO, Lyon Real Estate. “When we see larger inventory, coupled with static,

record-low interest rates, it affords buyers choices that they have not seen

since the late 90’s.” Ironically, the price-per-foot of homes sold has seen

gains in the low-end and continued loss in the high-end.

The drop in average list price has accounted for the biggest change over

time rather than the number of homes sold. Over the past year the average

list price went from a peak of $455,000 in August of ‘09 down to $338,000

for July of 2010. The difference between average list price and average sold

price has dropped from $216,000 in August ‘09 to a staggering $84,000 in

July 2010. Michael Lyon continued, “This drop is indicative that the average

seller better understands today’s buyer mentality and realizes that if you are

not priced within 10% of the sold comparables, you probably will not

generate any interest or an offer. The increase in pended sales last month

shows that Sellers are getting realistic and buyers have tremendous choices.

Closings are likely to rebound in the next 60 days.”

TRENDGRAPHIX’s latest report shows that sales decreased 29 percent

during the month of July for the Tri-County region of Sacramento, Placer and

El Dorado Counties. July 2010 sales were 28 percent lower than July 2009

sales. Pending sales increased by 22 percent from June to July 2010.

July 2010 inventory of 8,013 homes for sale is 28 percent higher than

July 2009 inventory. This is a 48 percent decrease for the regional inventory

record high of 15,302 set in August 2007.

2010. Inventory increased 7 percent during the month of July. Pending

sales increased by 21 percent in the month of July. 56 percent of the homes

sold for under $200,000; 37 percent of the homes sold for between

$200,000 and $400,000; and 7 percent of the homes sold for over

$400,000. The average price per square foot decreased 1 percent during

the month of July to $124.

by 6 percent during the month of July 2010. Pending sales increased by 31

percent from June to July. 4 percent of the homes sold for under $200,000;

50 percent of the homes sold for between $200,000 and $400,000; and 46

percent of the homes sold for over $400,000. The average price per square

foot decreased by 1 percent during the month of July to $146.

and the inventory increased by 3 percent from June to July. Pending sales

have increased 18 percent during the month of July. 20 percent of the

homes sold for under $200,000; 46 percent of the homes sold for between

$200,000 and $400,000; and 34 percent of the homes sold for over

$400,000. The average price per square foot increased 1 percent during the

month of July to $155.

inventory increased by 9 percent. Pending sales decreased 1 percent during

the month of July. 31 percent of the homes sold for under $200,000; 51

percent of the homes sold for between $200,000 and $400,000; and 18

percent of the homes sold for over $400,000. The average price per square

foot decreased 4 percent during the month of July to $164.

month of July, and inventory increased 1 percent. Pending sales increased

by 22 percent. 0 percent of homes sold for under $200,000; 41 percent of

the homes sold for between $200,000 and $400,000; and 59 percent of the

homes sold for over $400,000. The average price per square foot increased

by 244 percent during the month of July to $244.

month of July, and inventory increased by 9 percent in July. Pending sales

increased 16 percent. 39 percent of the homes sold for under $200,000; 48

percent of the homes sold for between $200,000 and $400,000; and 13

percent of the homes sold for over $400,000. The average price per square

foot decreased 2 percent during the month of July to $100.

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