In the news

GREATER SACRAMENTO HOME SALES COOL

10/09/18 by Lyon Real Estate

Greater Sacramento appears to have started the normal seasonal slowdown of resale homes just a little early. The 2,221 new open escrows reported in September marked a seven percent decrease compared to the same month last year. New opens for the entire third quarter also reflected a seven percent decrease versus 2017. The tempered sales rate resulted in 5,433 homes left available for sale at month-end, a notable twenty percent increase over last year at this time. This market information is presented by Lyon Real Estate based upon data provided by Trendgraphix Inc., a Sacramento-based reporting company.

Price stability however, after months of upward pressure, continued with a pattern similar to last year. The average closed sales price of $457,000 and median of $411,000 for the third quarter were both less than ten dollars lower than second quarter postings. These key metrics still reflect an approximate six percent increase year-over-year. Closed escrows for the third quarter were on the market an average of 31 days versus 28 last year and received approximately 97 percent of original asking price versus 98.    

The upper-end market, homes priced above $750,000, remained a bright spot throughout the third quarter. While the inventory level ended September at 22 percent higher than last year, 523 new open sales for the quarter were 10 percent greater than last year. The sold and closed properties total for the third quarter were a remarkable 550, up 26 percent over 2017. This positive lift in new open escrows should produce elevated closed sale results in the upper-end over the coming months.

“Overall sales in the Greater Sacramento region appear to have softened,” says Pat Shea, president of Lyon Real Estate, “however, from a historical perspective, our market remains very strong. This is clearly evident, as based upon the current rate of sales, there remains approximately 2.5 months of available inventory. A balanced market is typically considered four to six months.” 

 “Normal seasonality and recent bumps in mortgage interest rates could lead to lower inventory and sales results in the fourth quarter,” added Shea. “It will be a brief respite though. Our strong  local economy, steady job market growth and continued San Francisco Bay Area migration will maintain positive upward pressure on our housing market moving forward.”

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento (Sacramento Business Journal). We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate

About TrendGraphix, Inc.

TrendGraphix, Inc. is a real estate reporting company based in Sacramento that uses local Multiple Listing Service (MLS) data to provide highly-visual market statistical graphs to real estate brokers, agents, and MLS/Realtor associations across the country. TrendGraphix’s programs are currently used by tens of thousands of agents in more than 250 brokerages in 48 states. For more information about TrendGraphix, visit www.trendgraphix.com.


ROSEVILLE OFFICE GIVES $5,000 GRANT TO MERCY MULTIPLIED

10/02/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Mercy Multiplied is the recipient of a $5,000 grant. Mercy Multiplied is a nonprofit Christian organization dedicated to helping young women break free from life-controlling behaviors and situations, including eating disorders, self-harm, drug and alcohol addictions, unplanned pregnancy, sexual abuse and sex trafficking.

Operated by Lyon Real Estate, the Lyon Cares Foundation offers time, talent, and treasure to local nonprofits that make their communities a better place. Funds are raised through escrow and payroll contributions by Lyon agents and staff in addition to Lyon’s annual Golf Tournament.

“The funds will go towards food, cooking supplies and toiletries for the girls,” said Kerri Phillips, Community Relations and Development Manager. “We are incredibly thankful for the Lyon Cares Foundation; you are helping in transforming lives and restoring hope for these young women.”        

“It gives us great pride to give this grant to Mercy Multiplied, which goes above and beyond to help young women,” said Lyon Real Estate President Pat Shea. “They are doing very important work.”

In 2018, each of Lyon’s 14 offices, in addition to their headquarters office will be giving two $5,000 grants to organizations of their choice, totaling $150,000.  Lyon’s Sierra Oaks office chose Albie Aware to be the recipient of their grant. 

About Lyon Cares Foundation

The Lyon Cares Foundation provides time, talent, and treasure to local nonprofits that make their communities a better place. Our partner in giving is the Sacramento Region Community Foundation. In 2017, Lyon Cares gave grants totaling $160,000 to 32 organizations in the Greater Sacramento Area and will be giving grants totaling $150,000 in 2018.

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento. We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate


RESALE INVENTORY CLIMBS WHILE BUYERS STAY BUSY

09/11/18 by Lyon Real Estate

Resale housing supply watchers throughout the Greater Sacramento region witnessed a sizeable 8 percent increase in total inventory during the month of August. The 5,287 property listings currently available also marks the highest count since August of 2015. For comparison purposes, total inventory remained below 2,900 homes for sale during the months of December, January and February.

Closed sales reported over the last three months are down approximately 6 percent compared to last year at this time. During the month of August however, 2,779 resale, residential properties were placed under contract across the 4-county region. This surge in new open escrows reflected an 11 percent jump over July sales. The new open escrow total for August also marked the second highest number in any calendar month since May of 2017. This market information is presented by Lyon Real Estate based upon data provided by Trendgraphix Inc., a Sacramento-based reporting company.

Regardless of the increase in listings and flurry of sales, price stability appears to be evident due to a few additional metrics. The average closed sale price of $456,000 for August continued the third straight month of mild decline after reaching a peak of $474,000 in May. The median of $409,000 followed suit, maintaining a 5-month run, floating between $409,000 and $420,000. Both the average and median sales prices for August exhibit approximately 5 to 6 percent increases versus last year at this time.

“The move-up and upper-end price points remain remarkably strong and continue to reveal persistent buyer confidence,” says Pat Shea, president of Lyon Real Estate. He added that “the $450,000 to $750,000 price range saw an 8 percent increase in new open escrows last month versus July and a 12 percent lift compared to August of 2017. Above $750,000, there were 208 properties placed under contract in August, a 22 percent jump versus last year.”

 “All inventory and sales trends suggest that there are plenty of sellers who want to move-up and a steady stream of eager buyers still seeking the excellent home values in our region,” says Shea. “You can certainly expect strong sales numbers to continue throughout the remainder of 2018.”

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento (Sacramento Business Journal). We are proud to be homegrown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate

About TrendGraphix, Inc.

TrendGraphix, Inc. is a real estate reporting company based in Sacramento that uses local Multiple Listing Service (MLS) data to provide highly-visual market statistical graphs to real estate brokers, agents, and MLS/Realtor associations across the country. TrendGraphix’s programs are currently used by tens of thousands of agents in more than 250 brokerages in 48 states. For more information about TrendGraphix, visit www.trendgraphix.com.


SIERRA OAKS OFFICE GIVES $5,000 GRANT TO ALBIE AWARE

09/11/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Albie Aware is the recipient of a $5,000 grant. Their mission is to assist with life-saving diagnostic testing, patient advocacy, prevention education, and compassionate support to local individuals facing or fighting breast cancer.

Operated by Lyon Real Estate, the Lyon Cares Foundation offers time, talent, and treasure to local nonprofits that make their communities a better place. Funds are raised through escrow and payroll contributions by Lyon agents and staff in addition to Lyon’s annual Golf Tournament.

“With this grant, Albie Aware can provide immediate support to anyone facing a breast cancer diagnosis. Specifically, these funds will be used to pay for screening and diagnostic tests, advocacy and medical co-pay assistance,” said Cindy Love, Executive Director of Albie Aware. “Albie Aware is honored to have been selected and supported by the Lyon’s Sierra Oaks Office and values this new community partnership.”         

“It gives us great pride to give this grant to Albie Aware,” said Lyon Real Estate president Pat Shea. “They are doing very important work.”

In 2018, each of Lyon’s 14 offices, in addition to their headquarters office will be giving two $5,000 grants to organizations of their choice, totaling $150,000.  Lyon’s Sierra Oaks office chose Albie Aware to be the recipient of their grant. 

About Lyon Cares Foundation

The Lyon Cares Foundation provides time, talent, and treasure to local nonprofits that make their communities a better place. Our partner in giving is the Sacramento Region Community Foundation. In 2017, Lyon Cares gave grants totaling $160,000 to 32 organizations in the Greater Sacramento Area and will be giving grants totaling $150,000 in 2018.

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento. We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate


LAND PARK OFFICE GIVES $5,000 GRANT TO JOSHUA'S HOUSE

09/11/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Joshua’s House is the recipient of a $5,000 grant. Their mission is to improve communication around end-of-life issues and to reduce health disparities among underserved populations, including the homeless. 

Operated by Lyon Real Estate, the Lyon Cares Foundation offers time, talent, and treasure to local nonprofits that make their communities a better place. Funds are raised through escrow and payroll contributions by Lyon agents and staff in addition to Lyon’s annual Golf Tournament.

“Lyon’s generous donation will  go towards bedding, towels, wash clothes, personal hygiene items, clothing, and supplies for the 20 residents of Joshua’s House, the first hospice house for the terminally ill homeless on the West Coast and the seventh in the nation,” said Marlene Fitzwater, Founder/Director of Joshua’s House. “This donation will touch so many and improve the lives of those experiencing homelessness at the end of life.”         

“It gives us great pride to give this grant to Joshua’s House,” said Lyon Real Estate president Pat Shea. “They are doing very important work.”

In 2018, each of Lyon’s 14 offices, in addition to their headquarters office will be giving two $5,000 grants to organizations of their choice, totaling $150,000.  Lyon’s Land Park office chose Joshua’s House to be the recipient of their grant. 

About Lyon Cares Foundation

The Lyon Cares Foundation provides time, talent, and treasure to local nonprofits that make their communities a better place. Our partner in giving is the Sacramento Region Community Foundation. In 2017, Lyon Cares gave grants totaling $160,000 to 32 organizations in the Greater Sacramento Area and will be giving grants totaling $150,000 in 2018.

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento. We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate


DOWNTOWN OFFICE GIVES $5,000 GRANT TO STANFORD SETTLEMENT

08/28/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Stanford Settlement is the recipient of a $5,000 grant. Their mission is to help build healthy communities through individual, family, and neighborhood services.

Operated by Lyon Real Estate, the Lyon Cares Foundation offers time, talent, and treasure to local nonprofits that make their communities a better place. Funds are raised through escrow and payroll contributions by Lyon agents and staff in addition to Lyon’s annual Golf Tournament.

“The grant will support Stanford Settlement's Teen Center. It's a safe place for teens to be when school is out. It offers small groups, where teens can talk about the challenges they face,” said Julie Rhoten, Assistant Director of Stanford Settlement. “We are grateful for the support of the Lyon Cares Foundation!”          

“It gives us great pride to give this grant to Stanford Settlement,” said Lyon Real Estate president Pat Shea. “They are doing very important work.”

In 2018, each of Lyon’s 14 offices, in addition to their headquarters office will be giving two $5,000 grants to organizations of their choice, totaling $150,000.  Lyon’s Downtown office chose Stanford Settlement to be the recipient of their grant. 

About Lyon Cares Foundation

The Lyon Cares Foundation provides time, talent, and treasure to local nonprofits that make their communities a better place. Our partner in giving is the Sacramento Region Community Foundation. In 2017, Lyon Cares gave grants totaling $160,000 to 32 organizations in the Greater Sacramento Area and will be giving grants totaling $150,000 in 2018.

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento. We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate


HOME SALES KEEP PACE WITH RISING INVENTORY

08/14/18 by Lyon Real Estate

On July 31st, 4,888 residential properties were active and available for sale throughout the 4-county Greater Sacramento region, marking an 11 percent increase in supply compared to last year’s fierce market. “This is a positive development,” says Pat Shea, president of Lyon Real Estate. “Buyers remain hyperactive in our market, and excellent home values continue to surface.” He added that “inventory remains 3 percent lower than July of 2016.”

During July, 2,481 properties closed, representing only a 3 percent falloff compared to a very robust June. The closed units from May, June, and July combined are less than 4 percent shy of last year at this time.  This market information is presented by Lyon Real Estate based upon data provided by Trendgraphix Inc., a Sacramento-based reporting company.

The rate of new open escrows, or pending sales, support expectations that closed sales will remain solid in the coming months. New escrows opened in July were nearly equal to those of June and stood three percent higher than July of 2017. The average closed sales price softened slightly for the second consecutive month and rested at $463,000 for the month of July. This was, however, still an approximate eight percent increase year over year.

Sellers received 98 percent of their original list price and were on the market an average of 27 days before accepting a contract. Below the one million dollar price point across the entire region, there remains less than two months’ supply of inventory based upon the current rate of sales. A seller’s market is anything less than four months.

“Slow and steady increases in our resale and new construction housing stock offer stability and sustainability for the Greater Sacramento real estate market,” says Shea. “Expect more homes to come on the market over the next few months but for sales to remain consistent. All of the news surrounding Northern California and our local economy is encouraging, and consumer confidence is quite high. Our market it gently moving toward a healthy balance for both buyers and sellers.”

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento (Sacramento Business Journal). We are proud to be homegrown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate

 About TrendGraphix, Inc.

TrendGraphix, Inc. is a real estate reporting company based in Sacramento that uses local Multiple Listing Service (MLS) data to provide highly-visual market statistical graphs to real estate brokers, agents, and MLS/Realtor associations across the country. TrendGraphix’s programs are currently used by tens of thousands of agents in more than 250 brokerages in 48 states. For more information about TrendGraphix, visit www.trendgraphix.com.


SIERRA OAKS OFFICE GIVES $5,000 GRANT TO TRIUMPH CANCER FOUNDATION

08/01/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Triumph Cancer Foundation is the recipient of a $5,000 grant. The mission of the Triumph Cancer Foundation is empowering cancer survivors to recapture their lives after treatment through exercise. Triumph Fitness, and other continuing programs, are offered to qualified adult cancer survivors at no cost.

Operated by Lyon Real Estate, the Lyon Cares Foundation offers time, talent, and treasure to local nonprofits that make their communities a better place. Funds are raised through escrow and payroll contributions by Lyon agents and staff in addition to Lyon’s annual Golf Tournament.

“This year we have seen a large increase in the number of survivors seeking our help, so this award couldn’t have come at a better time,” said Pam Whitehead, Executive Director of Triumph Cancer Foundation. “We will be using the money to help fund an additional class of Triumph Fitness in September.”         

“It gives us great pride to give this grant to Triumph Cancer Foundation,” said Lyon Real Estate president Pat Shea. “They are doing very important work.”

In 2018, each of Lyon’s 14 offices, in addition to their headquarters office will be giving two $5,000 grants to organizations of their choice, totaling $150,000.  Lyon’s Sierra Oaks office chose Triumph Cancer Foundation to be the recipient of their grant. 

About Lyon Cares Foundation

The Lyon Cares Foundation provides time, talent, and treasure to local nonprofits that make their communities a better place. Our partner in giving is the Sacramento Region Community Foundation. In 2017, Lyon Cares gave grants totaling $160,000 to 32 organizations in the Greater Sacramento Area and will be giving grants totaling $150,000 in 2018.

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento. We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate


WEST ROSEVILLE/ROCKLIN OFFICE GIVES $10,000 TO RRUFF HEALING HEROES

07/17/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that RRUFF Healing Heroes is the recipient of a $10,000 grant. Their mission is to fund service dog training classes for people with post-traumatic stress disorder and other invisible disabilities with an emphasis on serving Disable American Veterans.

Operated by Lyon Real Estate, the Lyon Cares Foundation offers time, talent, and treasure to local nonprofits that make their communities a better place. Funds are raised through escrow and payroll contributions by Lyon agents and staff in addition to Lyon’s annual Golf Tournament.

“This generous donation will be used to fund a service dog training class for Disabled American Veterans,” said Victoria Curtis, Founder of RRUFF Healing Heroes. “These funds will allow us to pay the cost of classes for at least 10 veterans and their service dogs in-training.”         

“It gives us great pride to give this grant to RRUFF Healing Heroes,” said Lyon Real Estate president Pat Shea. “They are doing very important work.”

In 2018, each of Lyon’s 14 offices, in addition to their headquarters office will be giving two $5,000 grants to organizations of their choice, totaling $150,000.  Lyon’s West Roseville/Rocklin chose RRUFF Healing Heroes to be the recipient of their grant. 

About Lyon Cares Foundation

The Lyon Cares Foundation provides time, talent, and treasure to local nonprofits that make their communities a better place. Our partner in giving is the Sacramento Region Community Foundation. In 2017, Lyon Cares gave grants totaling $160,000 to 32 organizations in the Greater Sacramento Area and will be giving grants totaling $150,000 in 2018.

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento. We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate


ELK GROVE OFFICE GIVES $5,000 TO ELK GROVE HART

07/11/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Elk Grove HART is the recipient of a $5,000 grant. Their mission is to assist those experiencing homelessness in Elk Grove toward self-sufficient and greater independence.

Operated by Lyon Real Estate, the Lyon Cares Foundation offers time, talent, and treasure to local nonprofits that make their communities a better place. Funds are raised through escrow and payroll contributions by Lyon agents and staff in addition to Lyon’s annual Golf Tournament.

“Elk Grove HART believes in caring, compassionate encouragement to help the homeless seek a better, more stable life,” said Debbie Schoeneshoefer, Director of Elk Grove HART. “We appreciate Lyon Real Estate partnering with Elk Grove HART in helping those that are struggling.”         

“It gives us great pride to give this grant to Elk Grove HART,” said Lyon Real Estate president Pat Shea. “They are doing very important work.”

In 2018, each of Lyon’s 14 offices, in addition to their headquarters office will be giving two $5,000 grants to organizations of their choice, totaling $150,000.  Lyon’s Elk Grove office chose Elk Grove HART to be the recipient of their grant. 

About Lyon Cares Foundation

The Lyon Cares Foundation provides time, talent, and treasure to local nonprofits that make their communities a better place. Our partner in giving is the Sacramento Region Community Foundation. In 2017, Lyon Cares gave grants totaling $160,000 to 32 organizations in the Greater Sacramento Area and will be giving grants totaling $150,000 in 2018.

About Lyon Real Estate

Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento. We are proud to be home grown, locally owned and internationally known. Lyon has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate