In this article, we’ll look at the statistics for this past July, compared to July of 2020.
Countywide existing single family residence sales in July totaled 88, down 17.8% from July 2020.
That breaks down as follows:
— Lakeport: total sales, 11; down 8.3% from previous year.
— Kelseyville: 17 total sales; down 41.4%.
— Clearlake: 13 total sales; down 23.5%.
— Hidden Valley Lake: 15 total sales; up 7.1%.
The countywide median price for single family homes in July was $351,000, up 14.3% over July 2020.
Lake County’s communities had the following median home prices in July, with a year-over comparison:
— Lakeport: $375,000; down 5.7% from last year.
— Kelseyville: $345,000, up 9.5%.
— Clearlake: $220,000, down 11.6%;
— Hidden Valley Lake: $360,000; up 16.7%.
Countywide active listings have stayed strong this year. In July, they totaled 219, up 6.3% over last year.
By community, listings in July had the following totals:
— Lakeport: 38, up 42.2% over July 2020.
— Kelseyville: 45, down 2.2%.
— Clearlake: 28, down 26.3%.
— Hidden Valley Lake: 29, down 6.5%.
Countywide, the median days on the market was 18, with the sales to list price being 100% and
32.4% of active listings with price reductions.
— Lakeport’s median days on market was 25, with sales to list price at 100% with 39.5% listings
having price reductions.
— Kelseyville: Median days on market was 20; sales were at 100%, with 35.6% listings having reduced prices.
— Clearlake: 11 median days on the market; sales to list price at 98.4% and 21.4% listings with reduced prices.
— Hidden Valley Lake: Median days on the market was 11, with sales to list price at 100% and 34.5% of listings with reduced prices.
Overall, July 2021 compared to July 2020 as follows:
— Sales: Down, from 107 to 88.
— Median price: Up, from $336,000 to $351,000.
— Active listings: Up, from 168 to 219.
— Median days on the market: Up, from 12 to 18.
Sales continue to average 100% of list price while price reductions continue to be around 32%.
Tama Prokopowich is president-elect of the Lake County Association of Realtors.
