Lake County Monthly Real Estate Market Report June 2021 – Lake County Record Bee

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Statistics may change slightly in some places every month, but the picture is still positive for people selling their homes. However, the market can be a bit upsetting for those looking to buy. Inventories are still small, time to market is short, and multiple home offerings are still common.

The current median home price across Lake County was $ 335,000 in June 2021. This is 3.39% more than last year at this time, but $ 25,000 less than last month’s average price of $ 360,000. May was $ 27,000 higher compared to April, so we see slight fluctuations in the average price from month to month.

– The median home price in Lakeport was $ 370,000, down 9.5% from last year.

– The median home price in Hidden Valley was $ 398,000, up 12.1% from last year and $ 38,000 more than last month.

– The average home price in Kelsyville was $ 334,000, up 7.6% from last year.

“The average home price in Clearlake at this time was $ 188,000, up 16% from last year. In total, 107 houses were sold in the district, which is 23% more than in June 2020.

Lakeport sales were 19, down 20.8% at the time from a year ago.

– Hidden Valley’s sales were also 19, up 72.7% from last year.

– Home sales in Kelsyville were 24, up 14.3% from last year.

– Home sales in Clerlake were 17, up 88.9% from last year.

As for inventory, there were 168 active listings in the district, which is 29.1% less than last year.

Lakeport had 28 active listings, up 16.7% on last year.

– At the time, Lake Hidden Valley had 19 active listings, down 51.3% from last year.

– Kelseyville had 36 active listings, down 36.8% from last year.

-Clearlake had 28 active listings, down 30% from last year.

In the district as a whole, the number of days on the market remains extremely low, with a median of 12 days in June 2021. The selling price is still on average 100% of the list price. But price declines still occur when property prices are inflated: 32.1% of active listings have price declines as of June 2021.

-Lakeport had an average of 6 days on the market with 100% sale at list price and 39.3% active listings with price cuts as of June 2021.

– Lake Hidden Valley was on the market for an average of 7 days with list sales at 100% and 10.5% of homes with declines in June 2021.

– The average number of days on the market in Kelsyville was slightly higher at 18 days with 100% list sales and a large 41.7% price decline in June 2021.

– The median days in the Clerlake market was 7, with 98% list price sales and 28.6% discounted listings.

The bottom line is that if you are thinking about selling, set the right price and you should have a quick, successful sale. If you are thinking about buying, do it ahead of time and possibly anticipate competition.

Real estate data courtesy of the Lake County Association of Realtors.

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