Pending home sales waned at the start of the year
National Association of Realtors
WASHINGTON, D.C. — Pending home sales pulled back 4.6% in January according to the National Association of Realtors. The Midwest, South and West experienced month-over-month losses in transactions — with the most signi cant drop in the South — while the Northeast saw a modest gain. Year-over-year, contract signings lowered in all four U.S. regions, with the South seeing the greatest fallo .
The Pending Home Sales Index — a forward-looking indicator of home sales based on contract signings — fell 4.6% to 70.6 in January, an all-time low. (Last year’s cyclical low point in July 2024 was revised from 70.2 to 71.2.) Year-over-year, pending transactions declined 5.2%. An index of 100 is equal to the level of contract activity in 2001.
“It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in upcoming months,” said NAR Chief Economist Lawrence Yun. “However, it’s evident that elevated home prices and higher mortgage rates strained a ordability.”
Housing a ordability su ered in January as mortgage rates ranged from 6.91% to 7.04%. Compared to one year ago, the monthly mortgage payment on a $300,000 home increased by an extra $50 to $1,590.
Regional breakdown
The Northeast PHSI rose 0.3% from last month to 63.4, down 0.5% from January 2024. The Midwest index contracted 2% to 72.8 in January, down 2.7% from the previous year.
The South PHSI plunged 9.2% to 81 in January, down 8.8% from a year ago. The West index fell by 1.2% from the prior month to 57.6, down 4.5% from January 2024.
“Even a slight reduction in mortgage rates will likely ignite buyer interest, given rising incomes, increased jobs and more inventory choices,” added Yun.
Down a private drive on just under half an acre, this singlestory home is on a level lot with a large backyard ready for a pool, an ADU, or your dream garden. Quiet country living just minutes from Hwy 50 and up the road a bit from everything the Missouri flat retail area has to offer. The home has a newer 50-year roof, upgraded appliances, a remodeled kitchen, gorgeous low-VOC laminate flooring, and a cozy woodstove. It’s ready for you to move right in and begin enjoying the quiet life.
IN YOUR OWN BACKYARD!
This beautifully maintained & updated mid-century modern styled 2,754 sf home generational flex space with 2 kitchens, 4-5 bedrooms, 3 full baths, separate entrances interior, attached 2 car garage with uncovered parking for 6+ vehicles/RV/boat backyard with a romantic wisteria covered patio, sports court, built in swimming pit, fruit trees including a Meyer lemon that produced over 900 lemons this year, for kids & pets, and a luxurious jetted spa for relaxing. Enjoy this quiet established historic downtown Placerville with EID water (not city of Placerville), plus a fire Inspections completed include roof, septic, pest, whole house, chimney & HVAC.
$795,000
$1,650,000 2641 Giorno Way 6 5 (4 1) 4694 0.42 225026710
$1,650,000 3420 Diablo Trl 3 2 (2 0) 3436 10 225021878
$1,680,000 683 Encina Dr 5 6 (3 3) 4168 0.33 224130673
$1,685,000 1514 Elmores Way 5 5 (4 1) 4510 0.89 225026119
$1,695,000 4101 Hawk View Rd 4 3 (3 0) 3512 9.36 225022879
$1,750,000 5054 Nawal Dr 5 5 (4 1) 4003 0.53 225014021
$1,750,000 4040 Hawk View Rd 2 2 (2 0) 1200 9.24 223082075
$1,799,000 2040 W Green Springs Rd 4 4 (4 0) 9167 4.43 224152783
$1,825,000 4181 Hawk View Rd 3 2 (2 0) 1430 9.37 225024669
$1,899,000 3350 Greenview 5 5 (4 1) 4889 0.45 224037717
$1,925,000 5531 Sur Mer Dr 4 4 (3 1) 4222 0.5 225004262
$2,195,000 6009 Aldea Dr 4 4 (3 1) 3835 0.56 225003890
$2,195,000 3741 Greenview Dr 4 5 (4 1) 4766 0.48 224153782
$2,248,000 5320 Greyson Creek Ct 4 4 (3 1) 4052 0.48 225021660
$2,275,000 280 Powers Dr 4 5 (4 1) 5300 0.46 225004035
$2,295,000 7488 Sangiovese Dr 4 5 (4 1) 5246 0.69 224083380
$2,339,900 4940 Greyson Creek Dr 3 5 (4 1) 3615 0.58 224131742
$2,350,000 4033 Raphael Dr 5 5 (5 0) 4213 0.48 225024321
$2,400,000 5280 Breese Cir 5 4 (4 0) 4975 0.35 225021933
$2,479,000 3944 Errante Dr 4 6 (4 2) 5272 0.55 224126838
$2,495,000 4185 Greenview Dr 5 5 (4 1) 5250 0.61 225003593
$2,498,000 4318 Greenview Dr 4 4 (3 1) 5051 0.73 225026838
$2,500,000 1520 Barcelona Dr 4 6 (4 2) 6033 0.59 225025132
$2,550,000 2561 Capetanios Dr 4 5 (4 1) 3468 0.59 225027530
$2,589,000 5186 Breese Cir 4 6 (3 3) 5721 0.36 224088487
$2,849,000 4991 Greyson Creek Dr 5 6 (5 1) 4013 0.9 225026650
$3,099,000 5011 Greyson Creek Drive 4 6 (5 1) 4865 0.46 224152888
$3,200,000 410 Jordan Ct 6 9 (6 3) 6451 1.46 225023204
$3,398,000 1401 Fredlena Way 4 4 (3 1) 5020 3 225015384
$3,489,000 295 St Regis Ct 5 5 (4 1) 5071 0.59 225023117
$3,499,000 6325 Western Sierra Way 5 6 (5 1) 4369 0.69 225001057
$3,995,000 4200 Raphael Dr 5 7 (5 2) 6163 0.54 225024939
$4,350,000 500 Achilles Ct 4 4 (4 0) 4943 1.7 225003780
$4,750,000 1000 Aqua Haven Ct 4 6 (4 2) 6400 5.01 224094194
12603 Residential Homes sHinGle sPrinGs
STREET ADDRESS BD. BA. SF ACRES LISTING#
$625,000 4580 French Creek 4 3 (2 1) 2170 1.11 225017312
$670,000 5761 Coyote Pass Rd 3 3 (2 1) 1592 5 225015570
$725,000 4500 Studebaker Rd 4 2 (2 0) 1812 5.23 225027005 $729,900 4121 Voyager Way 3 2 (2 0) 1748 5 225001950
$850,000 4601 El Caminito Rd 3 5 (4 1) 1908 1 224122028
$899,000 4464 Woodside Way 4 3 (3 0) 2113 1 225024018
$899,999 2020 Landes Ln 4 3 (3 0) 3457 5.01 225019517
$939,000 5176 Little Brush Ridge Rd 4 3 (2 1) 2700 5 225000253
$949,000 4460 Galaxy Ct 4 3 (3 0) 2772 1.18 225011554
$975,000 4026 Bonner Ln 4 2 (2 0) 2599 2.62 225026755
$979,000 2231 French Creek Ct 5 4 (3 1) 3924 9.49 225011487
$1,199,000 3001 Essurep Ct 3 3 (2 1) 2359 2 225022639
$1,375,000 7000 Steeple Chase Dr 4 4 (3 1) 3528 5 225018499
$1,375,000 5700 Semor Dr 1 1 (1 0) 744 120 225002985
$1,375,000 5121 Old French Town 4 3 (3 0) 2532 10 225000928
$1,498,000 4100 Black Oak Dr 5 6 (6 0) 5188 5 225006994
$1,775,000 8109 Bridger Ln 4 4 (4 0) 3998 1.16 225000477
$1,775,000 8076 Bridger Ln 4 4 (3 1) 3922 1.06 224153666 $1,790,000 8118 Bridger Ln 4 4 (3 1) 4043 1 224153669 $2,000,000 5350-5352 Banbury Cross Rd 5 4 (3 1) 3315 40 225002701
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$595,000 2804 Debbie Ln
$599,000 639 James Dr
$620,000 2823 Coloma
$654,140 3009 Constellation Ave
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$1,050,000 6909 Flat Creek Rd 3 2 (2 0) 2394 14.58 225025035
$1,199,999 5205 Rooster Ln 2 2 (2 0) 1700 18.55 225004382
$1,350,000 7449 Fairplay Rd 2 2 (1 1) 3790 14 224025953
$1,374,999 4675 D Agostini Dr 4 4 (3 1) 4287 10.29 225005722
$1,425,000 7351 Fairplay Road 2 3 (2 1) 1204 10.22 224047032
$1,495,000 7201 Happy Valley Rd 3 3 (2 1) 2460 39.85 225015170
$1,495,000 8221 Stoney Creek Rd 1 1 (1 0) 990 39.61 222080803
$1,549,000 5150 Dagostini 3 4 (4 0) 3851 12.33 225003331
$1,949,000 7531 Fairplay Rd 4 3 (3 0) 3468 93 225000129
$5,450,000 1992-2000 Rabbit Ridge 3 10 (6 4) 4750 302 224005614
$5,500,000 8054 Fairplay Road 1 2 (2 0) 650 67.6 225012950
12705
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6255
Fees, and Guidelines are subject to change without notice. Restrictions apply. Not a commitment to lend. Land Home only conducts business in states we are approved to. Land Home Financial Services 3420 Coach Lane, Suite 15, Cameron Park, CA 95682. NMLS #705400. Licensed by the Department of Business Oversight under the California Finance Lenders law - #6073455. CA Department of Business Oversight - 866-275-2677. California - Bureau of Real Estate Branch Of ce License Endorsement #00988341 1-2025
PLACERVILLE
$398,500
Only a Five minute walk to the historic town of Placerville. If you work at Marshall hospital it is only a 2 minute commute. This 3 bedroom 2 bath home, has been freshly updated. The owners have installed a mini/split ductless HVAC system in all rooms, they have replaced the windows with energy efficient dual pane windows, Replaced the flooring, remodeled the hall bathroom, repainted the interior, and added a retaining wall to the front of the home. Warm yourself by the cozy brick fireplace with a wood burning insert. There is plenty of parking in the drive way and in the detached 2 car garage. Rear yard is fully fenced. Hurry, this may not last.
160± acres in 5 separate parcels
PLACERVILLE
$2,800,000
Once in a lifetime opportunity to own all or a part of the historic Shinn Ranch. Awesome Estate quality Land, 160 acres +- in 5 separate parcels are being sold as one. Sellers are in the middle of a boundary line adjustment and will soon list the land in 5 separate large parcels. Gorgeous large Country Homes surround this property. Minutes to Highway 50, and the Historic towns of Diamond Springs and Placerville. Fish in your own private stocked pond and be amazed at the wildlife that surrounds you. It currently has an approved tentative map for 141 parcels that expires in June 2024. It would be fantastic as an equestrian ranch, family compound, or a vineyard with Ranch Marketing. 1880’s Home is included in the purchase price. There is also a 3 inch Ag. meter. Locked gates, please do not trespass. Don’t miss out on this remarkable property.
2024
ESTATE BROKER
