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"Sales fell in part because of tighter credit standards and growing concerns about the impact of subprime loans on the market," said Phil Smoley, owner/broker of CPS Country Air Properties. "Throughout the county inventory levels have increased to their highest levels in recent years, giving buyers more time to view a greater variety of homes and sellers who set realistic prices an edge in the market."
Closed escrow sales of homes in Lake County totaled 69 in May according to the MLS compared to 73 reported a year ago. However, May's sales activity improved by just one sale over April 2007. Statewide home sale activity decreased 27.8 percent from the 516,960 sales pace recorded in April 2006.
The median price of a home in Lake County during May 2007 was $299,000, a 3.6 percent increase over $288,500 median for May 2006, the MLS reported. The May 2007 median price increased 3.1 percent compared with April's $299,000 median price.
"Although the median price of a home in Lake County continues to rise, this reflects the fall-off in sales in the lower-priced markets of the county where new home inventories and foreclosures are competing with the existing home market," said Smoley. "Fewer sales from these regions coupled with
modest gains in some of the stronger neighborhood markets are pushing the median price for the County up slightly."
Highlights of Lake County's housing figures for May 2007:
Lake County's Unsold Inventory Index in May 2007 was 19.3 months, compared with 17 months for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.
Thirty-year fixed-mortgage interest rates averaged 6.25 percent during May 2007, compared with 6.51 percent in May 2006, according to Freddie Mac. Adjustable-mortgage interest rates averaged 5.57 percent in May 2007 compared with 5.62 percent in May 2006.
The median number of days it took to sell a single-family home was 160 days in May 2007, compared with 157 days for the same period a year ago.
For a full look at sales around the county, see below.
May Home Sales
Realtor Ray Perry is a member of the CPS/Country Air Kelseyville office. Visit his Web site at www.rayperry.com.
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LAKE COUNTY – With the Fourth of July holiday around the corner, the fun will get started this weekend.
If you don't already have something planned, check out what's going on in the coming days, which offer everything from worm races to dancing, barbecues and fireworks.
Saturday, June 30
Clearlake Independence Day Festivities
The City of Clearlake takes the lead this year, holding its Independence Day Parade – with Congressman Mike Thompson as this year's grand marshal – beginning at 11 a.m. Saturday. The parade begins at Redbud Park, 14655 Lakeshore Drive, leading down to Austin Park, 14077 Lakeshore Drive.
At Austin Park, following the parade, there will be a street fair, kinetic sculpture racing, live music, car show, arts and crafts, barbecue, children’s activities and lots more.
And, of course, it wouldn't be July in Clearlake without the 40th annual International Worm Races, also at Austin Park.
United Veterans Council barbecue
The United Veterans Councils is sponsoring a fundraiser barbecue in conjunction with the parking lot sale at the Riviera Shopping Center.
The barbecue will will serve up Italian sausages and hot dogs from 9 a.m. to 5 p.m. on Saturday, June 30, and Sunday, July 1.
Proceeds will support the Military Funeral Honors Team of Lake County, going to repair rifles and replace worn uniforms.
Hospice Services of Lake County Anniversary Celebration, Lakeport
Every year, Hospice helps hundreds of families, offering medical care and comfort to those in the end stages of life, and counseling to their families.
Hospice is celebrating its 27th anniversary this year, and will hold a special night of disco dancing, dining and celebrating from 6 to 11 p.m. Saturday at Fritch Hall at the Lake County Fairgrounds, 401 Martin St., Lakeport. Tickets cost $75 each. Hospice can be reached at 263-6222.
Maxine Sherman Memorial Fireworks, Clearlake Oaks
The Clearlake Oaks/Glenhaven Business Association will hold its fourth annual fireworks display in honor of the late Maxine Sherman, a business association member who supported the annual fireworks displays by holding numerous fundraisers.
The fun starts at dusk at Wigeon Bay. Info: (707) 998-4210,
Monday, July 2
Robinson Rancheria Fireworks Show, Nice
Robinson Rancheria will add some holiday excitement to Monday, with a fireworks that can be viewed from the parking lot in front of the casino.
The free show starts at dusk. Robinson Rancheria Resort & Casino is located at 1545 E. Highway 20. For information call 800-809-3636.
Tuesday, July 3
Fireworks Show and Barbecue, Hidden Valley Lake
The Hidden Valley Lake Association’s Greenview Restaurant staff will host a late afternoon barbecue with music and fireworks to be launched from the dam.
The barbecue takes place from 5:30 to 8 p.m. The fireworks start at dusk, and are best viewed from the lake area, beaches and marina at Big Beach Park, 18174 Hidden Valley Road. For information, call 987-3138.
Wednesday, July 4
Lakeport Independence Day Festivities, Lakeport
Independence Day in Lakeport begins with an all-day street fair, arts and crafts, plus music and food at 11 a.m. at Library Park.
The fun lasts until throughout the day, with the event culminating in the lighted boat parade at 9:30 p.m. and fireworks over Clear Lake at dusk.
American Legion Fourth of July barbecue, Kelseyville
The Kelseyville American Legion Post No. 194 will hold its 41st annual Fourth of July barbecue from noon to 5 p.m. at the Legion Hall, located at Second and Gaddy Lane.
On the menu is barbecue beef and chicken, beans, salad and garlic bread. The requested donation is $8 for adults, $4 for children under 12.
Proceeds from the event go to support community programs such as nurses scholarships, Boys and Girls State, environmental camp for kids, and the American Legion Ladies Auxiliary's Fourth of July and Christmas parties at the Yountville Veterans Home.
E-mail Elizabeth Larson at
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LAKEPORT – A Kelseyville man will spend the next four years in prison for failing to register as a sex offender.
Charles Henry Sparks Jr., 40, was sentenced to four years in state prison June 22 for failing to register as a sex offender, according to Deputy District Attorney John R. DeChaine, who prosecuted the case.
Sparks has been required to register pursuant to Penal Code section 290 since he was convicted of rape in 1995, according to DeChaine.
On April 6, Sparks pleaded guilty to one felony count of failing to register as a sex offender, in violation of Penal Code section 290, DeChaine reported.
Failing to register as a sex offender carries a maximum prison sentence of three years; however, Sparks also admitted to having served a prior prison term, thereby enhancing his prison commitment to a maximum of four years, according to DeChaine's report.
Sparks had been out of custody on bail of $15,000 prior to June 29, reported DeChaine, when he was sentenced and remanded into custody.
Judge Richard Martin presided over the taking of the guilty plea as well as the June 22 sentencing hearing, DeChaine noted, and Det. Mike Curran of the Lake County Sheriff’s Office investigated the case.
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LAKE COUNTY – With the Angora fire still endangering South Lake Tahoe, firefighters from here in Lake County are at the fire now, working to contain it.
The fire, which broke out Sunday, has burned 3,100 acres south of Lake Tahoe and east of Fallen Leaf Lake, according to the US Forest Service's Incident Information System.
So far, 251 homes have been destroyed and three people injured, the US Service reported. The fire is 55-percent contained, with containment expected July 3.
On scene are 164 engines, 51 crews, 21 helicopters, four dozers and 15 water tenders, staffed by an estimated 2,174 personnel.
The fire is under federal jurisdiction, which means fire resources from National Forests have been called from around the state.
Hinda Darner, a fuels technician with the Mendocino National Forest's Upper Lake Ranger District, said Thursday that the district sent and engine and a hand crew – consisting of about 20 people – to the Angora fire. The group left at the beginning of the week, she said.
The Upper Lake district is rating fire danger as high, especially with the big weekend and the Fourth of July holiday around the corner, said Darner. During that time, she said, “We get a lot more public use and campfires.”
Darner said the district has a responsibility to make sure they have enough resources, which means not sending off more firefighters than they can spare.
So far, 32 firefighters and logistical personnel and five from the Mendocino National Forest have gone to work the Angora Fire, said Punky Moore, a spokesperson for the forest's main office in Willows. The forest employs a total of 260 staff – including firefighters – during the summer season.
Moore said some of the personnel who had gone to Tahoe already have returned from the fire. There was a “big push” to contain the fire on Wednesday, Moore said. The Forest Service reported that fire crews on Wednesday night increased efforts to secure firelines around the fire's perimeter.
During the “ramp up” period of a fire, when it's just getting under way, Moore said it's important to get as many people on scene as you can. Now, however, the effort appears to have reached its peak.
“At this point we're not sending more people unless more orders come in,” Moore said.
A report from the Cal Fire Command Center noted that Cal Fire's Sonoma-Lake-Napa unit has sent a total of five engines manned by 20 personnel, plus a hand crew strike team – consisting of another 30 firefighters – to work the Angora fire. However, they don't anticipate sending any more because no new orders for crews have come in.
Cal Fire is an important responder on many fires, as seen in the Westwind mobile home park fire early Wednesday morning.
Lake County Fire Protection District Chief Jim McMurray reported that Cal Fire's staffing remains strong in Lake County, which is important as the local fire season ramps up. “It hasn't been real bad yet, but it's starting very early,” said McMurray, who noted that the weather is much drier much earlier.
McMurray is hoping things will “stay quiet,” as they approach the July 4th holiday, when fireworks are a problem.
E-mail Elizabeth Larson at
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