| Subject: | SoCal Median Home Price Drops Three Months In a Row |
|---|---|
| Date: | Tue, 14 Sep 2010 14:36:48 -0700 |
| From: | Jas Jain |
Southern California Home Sales Fall in August; Median Price Dips
September 14, 2010
La Jolla, CA---Southland home sales fell last month to the lowest level for an August in three years and the second-lowest in 18, the result of a worrisome job market and a lost sense of urgency among home shoppers. The median price paid remained higher than a year ago but continued to erode on a month-to-month basis, a real estate information service reported.
| | Sales Volume | Median Price | ||||
| All homes | Aug-09 | Aug-10 | %Chng | Aug-09 | Aug-10 | %Chng |
| Los Angeles | 7,189 | 6,180 | -14.00% | $329,500 | $330,000 | 0.20% |
| Orange | 2,790 | 2,538 | -9.00% | $427,750 | $440,000 | 2.90% |
| Riverside | 4,145 | 3,478 | -16.10% | $190,000 | $200,000 | 5.30% |
| San Bernardino | 3,276 | 2,513 | -23.30% | $145,000 | $158,000 | 9.00% |
| San Diego | 3,306 | 3,113 | -5.80% | $325,000 | $337,000 | 3.70% |
| Ventura | 796 | 719 | -9.70% | $375,500 | $370,000 | -1.50% |
| SoCal | 21,502 | 18,541 | -13.80% | $275,000 | $288,000 | 4.70% |
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http://www.dqnews.com/Articles/2010/News/California/Southern-CA/RRSCA100817.aspx
Southern California Home Sales and Median Price Dip in July
August 17, 2010
La Jolla, CA---Southland home sales saw their biggest year-over-year drop in more than two years last month as the market lost most of the boost from the federal home buyer tax credits. The median sale price dipped for the second month in a row, the result of a shaky economic recovery, continued uncertainty about jobs, and the expiring tax breaks, a real estate information service reported.
| | Sales Volume | Median Price | ||||
| All homes | Jul-09 | Jul-10 | %Chng | Jul-09 | Jul-10 | %Chng |
| Los Angeles | 8,082 | 6,515 | -19.4% | $321,000 | $339,000 | 5.6% |
| Orange | 3,128 | 2,527 | -19.2% | $420,000 | $450,000 | 7.1% |
| Riverside | 4,699 | 3,529 | -24.9% | $185,000 | $200,000 | 8.1% |
| San Bernardino | 3,549 | 2,556 | -28.0% | $140,000 | $155,000 | 10.7% |
| San Diego | 3,809 | 3,070 | -19.4% | $320,000 | $338,000 | 5.6% |
| Ventura | 837 | 749 | -10.5% | $375,000 | $370,000 | -1.3% |
| SoCal | 24,104 | 18,946 | -21.4% | $268,000 | $295,000 | 10.1% |
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Southland home sales edge up, prices level off
July 13, 2010
La Jolla, CA---Southern California's housing market continued its slow crawl toward normalcy in June as sales volume rose and the median price slipped back a notch from May, but remained 13 percent higher than a year ago. Red-hot, fire-sale deals continued to give way to mere bargains in the lower- cost inland markets where first-time buyers and investors have competed fiercely, a real estate information service reported.
A total of 23,871 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 7.2 percent from 22,270 in May, and up 2.6 percent from 23,262 for June 2009, according to MDA DataQuick of San Diego.
| | Sales Volume | Median Price | ||||
| All homes | Jun-09 | Jun-10 | %Chng | Jun-09 | Jun-10 | %Chng |
| Los Angeles | 7,636 | 7,849 | 2.8% | $320,000 | $335,000 | 4.7% |
| Orange | 2,958 | 3,423 | 15.7% | $418,000 | $445,000 | 6.5% |
| Riverside | 4,694 | 4,645 | -1.0% | $185,000 | $210,000 | 13.50% |
| San Bernardino | 3,438 | 3,179 | -7.5% | $140,000 | $160,000 | 14.30% |
| San Diego | 3,692 | 3,885 | 5.2% | $314,250 | $335,500 | 6.8% |
| Ventura | 844 | 890 | 5.5% | $365,000 | $384,000 | 5.2% |
| SoCal | 23,262 | 23,871 | 2.6% | $265,000 | $300,000 | 13.20% |
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Southland median sale price back over $300K; sales at 4-year high
June 15, 2010
La Jolla, CA---Southern California home sales rose last month in all but the lowest price categories as buyers took advantage of tax credits and low mortgage rates. The median price paid topped $300,000 for the first time in 20 months, largely because the ultra bargains have been drying up in the low-cost inland areas while sales have increased in the pricier coastal neighborhoods, a real estate information service reported.
| | Sales Volume | Median Price | ||||
| All homes | May-09 | May-10 | %Chng | May-09 | May-10 | %Chng |
| Los Angeles | 6,521 | 7,320 | 12.3% | $300,000 | $345,000 | 15.0% |
| Orange | 2,667 | 3,257 | 22.1% | $410,000 | $450,000 | 9.8% |
| Riverside | 4,414 | 4,164 | -5.7% | $180,000 | $210,000 | 16.7% |
| San Bernardino | 3,134 | 2,835 | -9.5% | $137,000 | $160,000 | 16.8% |
| San Diego | 3,242 | 3,879 | 19.6% | $295,000 | $340,000 | 15.3% |
| Ventura | 797 | 815 | 2.3% | $355,000 | $380,000 | 7.0% |
| SoCal | 20,775 | 22,270 | 7.2% | $249,000 | $305,000 | 22.5% |
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