LAKE COUNTY, Calif. — Looking at the housing market statistics from this past April versus April of 2020 shows that there continues to be low inventory and high demand.
Spring is traditionally a time of more activity in the market and we are seeing that again this year.
Compared to March, active listings are up slightly in April — March had 128 listings compared to April’s 136.
Sales quickly follow — March had 73, April had 96 — as many homes are selling as soon as they hit the market.
Here is a snapshot of the Lake County real estate market for April 2021 compared to April 2020.
Active listings throughout Lake County were 136, which is down 51.1% from April 2020.
That breaks down as follows:
— Lakeport: 21, down 19.2%.
— Kelseyville: 25, down 63.8%.
— Hidden Valley Lake: 17, down 63%. That’s notably up from March, when active listings in Hidden Valley Lake only totaled nine.
— Clearlake: 26, down 42.2%.
Existing home sales throughout Lake County totaled 96 in April 2021, up 57.4% from April 2020.
By community, those sales are divided this way:
— Lakeport: 11.
— Kelseyville: 19, up 18.8%
— Hidden Valley Lake: 24, 200% over last year. This could be due to lack of sales in that area due to COVID-19 restrictions.
— Clearlake: 17, up 54.5%.
The existing home median price throughout Lake County for April 2021 was $325,000, up 19.5% from April 2020.
Prices by community are:
— Lakeport: $385,000, up 2.7%.
— Kelseyville: $330,000, up 21.8%.
— Hidden Valley Lake: $361,000, up 8.9%.
— Clearlake: $220,000, up 5.3%.
Throughout Lake County, for April 2021, median days on the market were 17.
In Lakeport, days on market were 12; Kelseyville, 31; Hidden Valley Lake, 16; and Clearlake, 13.
Throughout Lake County, for April 2021, sales to list price was 100%, showing homes are
priced correctly are selling.
In Clearlake, Hidden Valley Lake and Lakeport, sales to list price also was 100%, while in Kelseyville it was 98.2%.
Throughout Lake County for April, 20.6% of active listings had price reductions, showing that even in a market with low inventory and homes selling quickly pricing correctly is crucial
for selling.
In Lakeport, 33.3% of active listings had price reductions, while in Kelseyville it was 24%, Hidden Valley Lake, 5.9%, and Clearlake, 3.8%.
It is always interesting to see how the market continues to change. Will we continue to see such low inventory and quick sales?
Tune in next month to see how Mays statistics compare.
Tama Prokopowich is president-elect of the Lake County Association of Realtors.
