In the news

RISING INVENTORY EASES STRESS IN HOUSING MARKET

07/11/18 by Lyon Real Estate

(SACRAMENTO, CA) – New listings in the Greater Sacramento region’s housing market have steadily grown over the past few months. This added lift has provided enough to keep pace with persistent buyer demand. Standing inventory on June 30th rested at 4,604 homes active and available for sale. This marked a 15 percent increase over the same time last year and the highest since September of 2016.

Meanwhile, a total of 8,514 new open escrows were posted during the months of April, May and June, representing a 2 percent increase over the second quarter of 2017, according to Trendgraphix Inc., a Sacramento-based reporting company.

The median price for closed escrows in the month of June rested at $420,000 and was identical to that of May. The average sales price rolled back to $466,000 in June after 4 four straight months of increases that peaked at $475,000 in May. The average is up approximately 7 percent compared to June of 2017. Summer 2006 was the last time average sales prices and medians fell in this range.

“Please disregard the bubble talk,” says Pat Shea, president of Lyon Real Estate. “Elevated home values across our region have led to significant increases in owner equity. Not to mention that more stringent loan programs and years of record low mortgage rates for both the purchase and refinance of properties have built a secure foundation. Stability is further strengthened by the number of cash buyers prevalent over the past several years.”

The lack of entry level housing has become a major challenge throughout the state of California, and Greater Sacramento is no longer an exception. The steady growth in our local economy and relative affordability compared to the San Francisco Bay Area continues to attract more buyers.

There are a limited number of homes selling at less than $400,000. The number of available properties on the market priced at entry level in the four-county area shows:  Sacramento 1,239, El Dorado 198, Placer 147 and Yolo 54. 

Shea states, “the move-up market—homes priced between $400,000 and $750,000—does offer some potential with 1.6 months of available inventory based upon the current rate of sales. More choices are also available for prospective buyers in this price range, courtesy of new construction opportunities. Steady move-up activity remains absolutely mission critical for our region to offer the prospect of home ownership for first time and returning buyers in the entry level.”  

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.


AGENT SUPPORT CENTER GIVES $5,000 TO SACRAMENTO CHILDREN'S HOME

06/26/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Sacramento Children’s Home is the recipient of a $5,000 grant. The mission of the Sacramento Children’s Home is to open doors to the future by maximizing the potential of children and families.

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.

“We are so appreciative of Lyon Real Estate and the generosity of their entire team serving the Sacramento region,” said Todd Koolakian, Director of Philanthropy for the Sacramento Children’s Home. “These funds will directly support the mission of our Crisis Nursery Program to prevent child abuse and neglect by providing support to families at times of crisis.”         

“It gives us great pride to give this grant to Sacramento Children’s Home,” 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 Agent Support Center chose Sacramento Children’s Home 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 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


EL DORADO HILLS OFFICE GIVES $5,000 TO ASSISTANCE LEAGUE SIERRA FOOTHILLS

06/13/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Assistance League Sierra Foothills is the recipient of a $5,000 grant. Assistance League’s mission is to transform the lives of children and adults through community programs.

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 be used to help support our philanthropic programs including our signature program, Operation School Bell®,” said Lynn Mann, Historian. “Our goal during the next school year is to help clothe 1200 disadvantaged elementary and middle school children in El Dorado County.”       

“It gives us great pride to give this grant to Assistance League Sierra Foothills,” 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 El Dorado Hills office chose Assistance League Sierra Foothills 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


LISTING SURGE FUELS RESALE HOUSING MARKET

06/13/18 by Kathleen Tran

Spring fever hit Greater Sacramento home sellers in a big way last month as a plethora of new listings hit the market in all price points. The number of active and available homes for sale rested at 4,126 by month end. The elevated inventory level represented a 15 percent increase over April and a 16 percent increase compared to May of 2017. This market information was presented by Lyon Real Estate based upon data provided by Trendgraphix Inc., a Sacramento-based reporting company.

The seasonal influx of new listings however, was met with an 18 percent wave of new open escrows compared to April numbers and a 5 percent lift versus last year at this time. Consequently, the region remains in an exceptionally tight market with slightly more than one month of supply available for a steady stream of eager buyers. The average closed sales price and the median price hit new highs once again at $474,000 and $419,000 respectively. Both metrics reflect an approximate 8 percent increase year-over-year.

Placer County as typical, saw the highest average list price at $736,000 yet an average sold price of $567,000. There were 600 closed transactions in Placer during the month of May. Nearly 88 percent of those sales took place below the upper-end price point of $750,000. That segment of the market remains ultra-competitive as just 681 homes, 71 percent of the county’s standing inventory, was available in that price range on May 31st.

Sacramento County logged 1,653 closed sales with the lowest average sales price for the region  at $412,000. Even though 2,455 new properties entered the market in May, the more favorable price point and highest buyer demand led to 1,963 new open escrows. Standing inventory for the county rested at 2,227 homes active and available at month end. 

El Dorado and Yolo Counties posted $618,000 and $536,000 average sales prices respectively. El Dorado County closed 240 properties and had the highest remaining inventory at 2.3 months based upon the current rate of pending sales. Yolo County logged 172 closed sales for the month and had 228 homes available for sale or 1.1 months of inventory at month end.

“The news around affordability, growth and development for Greater Sacramento continues to fuel Northern California and national media outlets,” says Pat Shea president of Lyon Real Estate. “Even with the continued upward pressure on mortgage rates and home prices, look for this to be another banner summer for home sellers and buyers throughout our region.”

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.


NATOMAS OFFICE GIVES $5,000 GRANT TO THE GREENHOUSE

06/13/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that The Greenhouse is the recipient of a $5,000 grant. The Greenhouse’s mission is to cultivate a thriving community by nurturing the emotional, spiritual, intellectual, and physical development of youth and families and inspiring them to grow to their full potential.

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 grant is being used to support our programs for kids, ensuring that every student has access to high-quality enrichment and academic support all year long,” said Rena Crocker, Executive Director.         

“It gives us great pride to give this grant to The Greenhouse,” 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 Natomas office chose The Greenhouse 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


EL DORADO HILLS OFFICE GIVES $5,000 GRANT TO ASSISTANCE LEAGUE SIERRA FOOTHILLS

06/13/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Assistance League Sierra Foothills is the recipient of a $5,000 grant. Assistance League’s mission is to transform the lives of children and adults through community programs.

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 be used to help support our philanthropic programs including our signature program, Operation School Bell®,” said Lynn Mann, Historian. “Our goal during the next school year is to help clothe 1200 disadvantaged elementary and middle school children in El Dorado County.”        

“It gives us great pride to give this grant to Assistance League Sierra Foothills,” 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 El Dorado Hills office chose Assistance League Sierra Foothills 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


NEW LISTINGS OFFER SOME RELIEF FOR AREA HOME BUYERS

05/14/18 by Lyon Real Estate

The Greater Sacramento Region recently enjoyed its best two months of new listing inventory since July and August of last year. In March, 3,253 homes were placed on the market, followed by another 3,560 in April. The hot pace of new sales also persisted however, leaving only 3,577 homes active and available for sale at month-end. The inventory level reflected a 13 percent increase over April of 2017 but still remains 20 percent lower than last year’s peak in September. This market information was provided by Trendgraphix Inc., a Sacramento-based reporting company, and reported by Lyon Real Estate.

Buyer demand through new pending sales maintained significant pressure on the market with 2,917 open escrows in April. This number was 12 percent greater than April of 2017 and marked the most for any one month since May of last year. The increased pending sales data also followed a noteworthy 2,632 open escrow count for March. These metrics produced the third consecutive month of upward price pressure on closed sales, culminating with a $460,000 average sales price for the month of April. Average sales prices over the past few months have been tracking approximately 11 percent higher than last year at this time and have not reached these levels since early 2007.

Entry level housing remains exceptionally scarce, with less than one month of inventory - 1,210 properties - available throughout the region below $400,000 by month-end. Ironically, this is 10 percent higher than last year at this time, yet 23 percent less than April of 2016. The rapid rate of sales once again made a significant impact as 1,357 homes were placed under contract in this price range during the month even though 1,510 new listings hit the market.

The move-up market has pretty much settled into the $400,000 to $750,000 price range due to recently elevated median and average sales prices. There were 1,646 listings available at month end, yet only 1.2 months of supply based upon the rapid rate of new pending sales.

Inventory in the upper-end, specifically $750,000 and above, experienced two consecutive months of more than 350 new listings. This seasonal listing activity jump left a healthier 721 homes available for sale in the price range on April 30th. New open escrows however, reached 208 units in March and 243 for April. Both qualified as the highest months since July of 2005.  

“Our protracted inventory struggle and relentless buyer demand continue to leverage upward pressure on all price points,” says Pat Shea, president of Lyon Real Estate. “The average sales price fluctuated between $420,000 and $437,000 for eight straight months ending February, and now has abruptly risen to $460,000. News outlets regularly report that San Francisco Bay area residents and others throughout the state are eager to relocate to Greater Sacramento. Locals should buy and move-up sellers should act, while interest rates and relative affordability provide the opportunity.”

About Lyon Real Estate

Ranked the number one brokerage in annual home sales in the greater Sacramento region by the Sacramento Business Journal, Lyon Real Estate 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.


LAND PARK OFFICE GIVES $5,000 GRANT TO LEUKEMIA & LYOMPHOMA SOCIETY

05/09/18 by Lyon Real Estate

The Lyon Cares Foundation announced today that Leukemia & Lymphoma Society is the recipient of a $5,000 grant. The Leukemia & Lymphoma Society (LLS) is the world's largest voluntary health organization dedicated to funding blood cancer research and providing education and patient 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.

“This grant will help us tremendously,” said Jenaye Shepherd, Executive Director. “We greatly appreciate Lyon’s support.”        

“It gives us great pride to give this grant to Leukemia & Lymphoma Society,” 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 Leukemia & Lymphoma Society 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

Ranked the number one brokerage in annual home sales in the greater Sacramento region by the Sacramento Business Journal, Lyon Real Estate 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


LUXURY HOME SALES ARE POPPING IN GREATER SACRAMENTO

04/16/18 by Lyon Real Estate

(SACRAMENTO, CA) – First quarter luxury home sales throughout the Greater Sacramento region popped like spring flowers, as 243 new pending sales were placed under contract. This number is nearly double that posted for the same period last year and the highest in any given quarter for over 10 years. It also followed a remarkably strong fourth quarter of 2017, defying the typical seasonal respite and affirming the momentum is real. This market information was presented by Lyon Real Estate based upon data provided by Trendgraphix Inc., a Sacramento-based reporting company.

Luxury Portfolio International recognizes home sales above $900,000 in the Greater Sacramento region as properties that map most accurately toward consumer expectations regarding luxury real estate. Approximately 2.5 percent of the total home sales throughout the region occurred in that price segment throughout 2017. 

Closed luxury property numbers were subsequently quite strong as well. The region enjoyed a 55 percent increase in first quarter transactions versus last year. March alone saw 72 transactions recorded, nearly double that of February and 67 percent higher than March of 2017.

“There is normally a much higher volume of inventory in the luxury space compared to the number of buyers active in the market,” says Pat Shea, president of Lyon Real Estate. “That gap however, is ratcheting down. Although inventory is up 6 percent versus last year at this time, the algebraic lift in buyer demand is keeping our market exceptionally tight. The region’s luxury sweet spot - $900,000 to $1,500,000 - is extremely fierce as more than 80 percent of the sales occurred there in the first quarter.”

Last year, Greater Sacramento witnessed a 25 percent jump in luxury homes sales compared to what is typically regarded as a solid performance in 2016, and luxury sales reached their highest peak since 2005. Shea concluded, “we are off to a very precipitous start in 2018 and this could very well be the new normal for luxury buyers and sellers in our market.”

About Lyon Real Estate

Ranked the number one brokerage in annual home sales in the greater Sacramento region by the Sacramento Business Journal, Lyon Real Estate 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.


GREATER SACRAMENTO HOME SALES REMAIN SOLID

04/10/18 by Lyon Real Estate

(SACRAMENTO, CA) – The Greater Sacramento region enjoyed 2,150 closed home sales during the month of March. This marked a notable 26 percent increase when compared to February and signaled a spring surge is underway. Closed sales for the entire first quarter were also up 2 percent when compared to the same period last year, according to market information provided by Trendgraphix Inc., a Sacramento-based reporting company, and reported by Lyon Real Estate.

Momentum in the market continued to flourish as 2,869 new open escrows for the month were a staggering 38 percent higher than February numbers and nearly 10 percent higher than March of 2017.  New sales for the now completed, first quarter of 2018 actually looked exceptionally strong compared to recent years in spite of a protracted period of very tight inventory. The 6,865 new pending sales logged in the past 3 months were just over 9 percent higher than those posted over the same time frame last year.

“Even though inventory is up nearly 9 percent compared to last year at this time, persistent buyer demand is keeping the market very tight in most areas and price points,” says Pat Shea, president of Lyon Real Estate. At the end of last month, 3,046 homes were active and available for sale. Looking a little farther back, there are 10 percent fewer homes currently available than on March 31st of 2016 and 38 percent fewer than March 31st of 2015.

The high rate of sales and low inventory combined to push the average sales price for the month of March to $449,000 and median sales price for the month to $403,000. The average price has not seen this level since February of 2007. The median hit a recent peak not seen since August of 2006. The average sales price and median are both approximately 10 percent higher year-over-year.

Shea states that “it is clearly an amazing time for sellers to make their move with inventory in every price point historically low and their odds of selling historically high. Employment numbers and mortgage interest rates remain very favorable and San Francisco Bay Area migrations continues. You can surely expect these trends to continue through the spring and summer home-selling season.”

About Lyon Real Estate

Ranked the number one brokerage in annual home sales in the greater Sacramento region by the Sacramento Business Journal, Lyon Real Estate 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.