LAKE COUNTY, Calif. — Lake County’s property sales have continued to show increases in prices and in listings, while the number of sales is down compared to last year.
Each month, as we consider Lake County’s real estate sales, we look at last year’s statistics compared to this year with an overview of changes from the previous month. This helps to see how the market is trending month over month and changes from last year at this time.
Countywide changes from August to September show that sales were down, from 93 to 70; the median price was up, from $335,000 to $372,000; active listings rose from 228 to 251; median days on the market went from 13 to 17; the sales to list price dropped slightly, from 100% to 99.7%; and price reductions were up from 33.3% to 43%
Sales numbers range across communities
Countywide, existing single-family residential sales were at 70 in September, which is down from 93 in August and down 38.6% from last year, showing an overall slowing of home sales.
Lakeport’s sales were at 13, which is up by three over August and up by 8.3% over September of last year.
Kelseyville’s sales totaled were at 12, that’s down 50% from last month and down 63.6% from the previous September.
In Clearlake, sales totaled 13, up only one from August and down 7.1% from September of 2020.
Hidden Valley Lake’s sales were at 14, down by one in August and down 36.4% from September last year.
Median price continues to increase
Lake County’s median price for existing single family residences totaled $372,000 in September, compared to August’s $335,000 and up 21% in a year-over comparison.
By community, the median prices for September broke down this way:
• Lakeport: median price, $435,000, up from $389,000 in August, up 12.3% from September 2020.
• Kelseyville: median price, $360,000, up from $353,000 in August and up 9.6% from the previous September.
• Clearlake: median price, $255,000, up from August’s $223,000, and up 32.5% from September 2020.
• Hidden Valley Lake: median price, $377,000, up from $355,000 in August and up 14.1% in a year-over comparison.
Active listings up
Countywide, active listings were at 251, which is up over August’s 228 and up 55.9% over September of last year.
By community, listings for September were as follows:
• Lakeport: active listings, 45, up two from August; up 125% over September 2020.
• Kelseyville: active listings, 56, up five from August; up 55.6% over last September.
• Clearlake: active listings, 31, up two over August; down 6.1% from September 2020.
• Hidden Valley Lake: active listings, 31, up three from August; up 34.8% in a year-over comparison.
Days on market
Across Lake County, the median days on the market was 17, sales to list price was 99.7%, and 43% of active listings had reduced prices.
Lakeport’s median days on the market was 13, sales to list price was 99.5% and 53.3% of active listings had reduced prices.
Kelseyville’s median days on the market was 11, sales to list price was 100% and 50% of active listings had price reductions.
Clearlake’s median days on the market was 14, sales to list price was 100% and 41.9% of active listings had price reductions.
Tama Prokopowich is president-elect of the Lake County Association of Realtors.