LAKE COUNTY, Calif. — Lake County’s real estate market remains strong, with prices and active listings up compared to a year ago, while overall sales have dropped slightly.
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.
