![\"ccarsales\"](\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/ccarsales.jpg\")
<\/a><\/p>\nHome sales rose during the second quarter of this year, the second highest level in
\nnearly two years. Closed escrow sales of existing, single-family detached homes in
\nCalaveras totaled a seasonally adjusted annualized rate of 453 units with 329 still
\npending sale, according to information collected by C.C.A.R. from the local
\nREALTOR\u00ae association MLS. The sales figure represents what would be the total
\nnumber of homes sold during 2015 if sales maintain the second quarter pace
\nthroughout the year. It is adjusted to account for seasonal factors that typically
\ninfluence home sales.<\/p>\n
The second quarter figure was up 26.39 percent as it pertains to volume of home
\nsales. Home values were up by 9.84 percent from a year ago. These sales figures so
\nfar have outpaced last year by more than 5 percent.<\/p>\n
The list price to sell price ratio is down by .18 percent. Sales-to-list price ratio is an
\nindicator that reflects the negotiation power of home buyers and home sellers under
\ncurrent market conditions. The ratio is calculated by dividing the final sales price of a
\nproperty by its last list price and is expressed as a percentage. A sales-to-list ratio with
\n100 percent or above suggests that the property sold for more than the list price, and a
\nratio below 100 percent indicates that the price sold below the asking price.
\n\u201cHome buying continues to be strong, especially in areas where insufficient housing
\nsupply is less of an issue,\u201d said C.C.A.R. Administrative Officer
\nValerie Moon. \u201cWith mortgage interest rates edging up recently and an imminent
\nincrease in rates by the Federal Reserve, housing affordability concerns will be
\nheightened but may also prompt prospective buyers to feel a sense of urgency to enter
\nthe market.\u201d<\/p>\n
The median price of an existing, single-family detached Calaveras home edged up in
\nfrom both the previous quarter and year for the sixth consecutive month. The median
\nhome price is up to $259,500. A 6.42 percent increase in value over this time last year.
\nThe median sales price is the point at which half of homes sold for more and half sold
\nfor less; it is influenced by the types of homes selling as well as a general change in
\nvalues.<\/p>\n
\u201cA healthy growth rate in home prices is an essential ingredient to a sustainable
\nhousing market recovery,\u201d said Moon adding, \u201cWith the statewide median price
\nincreasing at a pace more in line with the historical norms since late 2014, regional
\nmarkets across the county are finally showing sales improvements this year.\u201d<\/p>\n
Mortgage rates increased in May, with the 30-year, fixed-mortgage interest rate
\naveraging 3.84 percent, up from 3.67 percent in April but down from 4.19 percent in
\nMay 2014, according to Freddie Mac. Adjustable-mortgage interest rates edged up in
\nMay, averaging 2.49 percent, up slightly from 2.46 in April and 2.43 percent in May
\n2014. Rates can change throughout the day and even a small difference can end up
\nsaving or costing you money.<\/p>\n
Information is deemed reliable but not guaranteed. Sales data and information does not include
\nsales outside of the multiple listing service registered listings.
\n#END<\/p>\n","protected":false},"excerpt":{"rendered":"
Calaveras County, CA…Calaveras home sales softened in April, but the housing market momentum picked up in May and continued to be solid through the month of Jun as the spring home-buying season marked higher year-over-year home sales and prices for the fourth straight month, the CALAVERAS COUNTY ASSOCIATION OF REALTORS\u00ae (C.C.A.R.) said today. Home sales […]<\/p>\n","protected":false},"author":1,"featured_media":6978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,4,1,15],"tags":[],"class_list":["post-6977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-life-style","category-news","category-real-estate","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/ccarsales.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/6977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6977"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/6977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/6978"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}