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2011 Annual Housing Market Survey

2011 Annual Housing Market Survey. Median Sales Price Of Homes Sold In California. Q. What was the final sales price of the property?. Home Price Appreciation California Y-t-Y % Change. 2 of 5 Homes Sold Were Distressed Properties.

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2011 Annual Housing Market Survey

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  1. 2011 Annual Housing Market Survey

  2. Median Sales Price Of Homes Sold In California Q. What was the final sales price of the property?

  3. Home Price Appreciation California Y-t-Y % Change

  4. 2 of 5 Homes Sold Were Distressed Properties Q. Was the property purchased/sold as a foreclosure, REO, short sale, or none of the above?

  5. Median Price (By Type of Sales)

  6. Shares of Distressed Property By Regions 2011 Q. Was the property purchased/sold as a foreclosure, REO, short sale, or none of the above?

  7. Equity vs. REO vs. Short Sales

  8. Nearly 1/3 of Sellers Sold Because Their Properties Were in Distressed Status % of Homes Sold Due to Foreclosure/Short Sale/Default Q. What was the single most important reason for selling/buying the property?

  9. Reasons For SellingAll Home Sellers Q. What was the single most important reason for selling/buying the property?

  10. Top Reasons For Selling HomeBy Type of Sales Q. What was the single most important reason for selling/buying the property?

  11. Net Cash To Sellers Q. What was the net cash gain or net loss to the seller as a result of this sale?

  12. Sellers with a Net Cash Loss Long Run Average = 11.2% Q. What was the net cash gain or net loss to the seller as a result of this sale?

  13. Sellers with a Net Cash LossEquity Sales vs. REO Sales vs. Short Sales Q. What was the net cash gain or net loss to the seller as a result of this sale?

  14. Home Seller Profile(By Type of Sales)

  15. Seller Household Formation(By Type of Sales)

  16. Home Buyer Profile(By Type of Sales)

  17. Share of First-Time Buyers Fell Below Average Q. Was the buyer a first-time buyer?

  18. Share of First-Time Buyers(Equity Sales) Q. Was the buyer a first-time buyer?

  19. Share of First-Time Buyers(REO Sales) Q. Was the buyer a first-time buyer?

  20. Share of First-Time Buyers(Short Sales) Q. Was the buyer a first-time buyer?

  21. Foreign Buyers Q. Was the buyer a first-time buyer?

  22. Country of Foreign Buyer • China (31.3%) • India (18.8%) • Canada (10.4%)

  23. Foreign Buyers Q. Was the buyer a foreigner from overseas?

  24. Buyer Household Formation(By Type of Sales)

  25. Reasons For BuyingAll Home Buyers Q. What was the single most important reason for selling/buying the property?

  26. Top Reasons For Buying Home(By Type of Sales) Q. What was the single most important reason for selling/buying the property?

  27. Reasons For BuyingFirst Time Homebuyers Vs. Repeat Homebuyers Q. What was the single most important reason for selling/buying the property?

  28. Buyers’ Usage of PropertyBy Type of Sales Q. How was/will the property (be) occupied?

  29. Buyers Usage of Property Q. How was/will the property (be occupied)?

  30. Sellers Usage of Property Q. How was/will the property (be occupied)?

  31. Buyers Who Bought for Investment/Tax Considerations Dipped Slightly Long Run Average = 12.1% Q. What was the single most important reason for selling/buying the property?

  32. More Buyers Purchasing Investments & Second/ Vacation Homes

  33. Buyers Continue to Face Highly Competitive Market

  34. Percent with Price Discount Long Run Average = 68% Q. What was the original list sales price of the property? What was the final sales price of the property?

  35. Equity Sales Are More Likely to Be Sold Below the List Price

  36. Median Price Discount And Weeks On Market 3.9%, 10.5 weeks Q. What was the original list sales price of the property? What was the final sales price of the property? How many weeks did the property remain on the MLS?

  37. Median Downpayment Q. What was the amount of downpayment?

  38. Down Payment

  39. Down Payment (Equity Sales)

  40. Down Payment (REO Sales)

  41. Down Payment (Short Sales)

  42. Cash Source for Down PaymentEquity vs. REO vs. Short Sales Q. What was the source of the cash the buyer used for a downpayment or to purchase the residence?

  43. Median Down PaymentFirst-Time Homebuyers Vs. Repeat Homebuyers Q. What was the amount of downpayment?

  44. Percent of Buyers with Zero Down Payment First-Time Buyers vs. Repeat Buyers 4.3% 3.9% 3.0%

  45. Cash Source for Down PaymentFirst-Time Buyer vs. Repeat Buyer Q. What was the source of the cash the buyer used for a downpayment or to purchase the residence?

  46. Repeat Buyers Rely on Personal Savings As Down Payment % of Repeat Buyers Q. What was the source of the cash the buyer used for a downpayment or to purchase the residence?

  47. Percent of All Cash

  48. Percent of All Cash(Investments & Second/ Vacation Homes)

  49. Repair Costs/Price Adjustments

  50. Amount Spent/Plan to Spend on Property Rehab

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