Southern California home sales continued strong last month as investors snapped up mid- to high-end homes, though it was unclear whether the rebound will continue through the year, real estate research firm DataQuick reported Wednesday.
California home prices rose in September to a four-year high as the supply of properties for sale remained tight, according to surveys released Monday.
Southern California home prices hit a four-year high in August as buyers snapped up more expensive properties along the coast and sales of foreclosed properties kept drying up, a research firm reported Thursday.
Southern California home prices increased in April as the supply of properties for sale — especially low-cost homes in foreclosure — remained tight, a research firm said Wednesday.
Southern California’s median home price fell more than 8 percent last month to $280,000 from May 2010, its largest year-to-year drop in 20 months.
Home prices and sales dipped in California from year-ago levels as “short sales” and sales of foreclosed homes accounted for more than half of home resales in the state.
A tracking firm says Southern California’s median home price was unchanged in February from its year-ago level of $275,000 and up less than two percent from $270,000 in January.
Southern California’s median home price increased less than 1 percent last month to $287,000 from November 2009, the smallest year-over-year increase since prices began to rise from their recession-era depths.
Southern California’s median home price increased just over 1 percent last month to $283,000 from October 2009, the smallest year-over-year increase this year.
Financial difficulty? Trouble paying the mortgage? You are clearly not alone.
San Diego-based MDA DataQuick said Thursday that the drop from about 39,800 homes in August 2009 to around 35,200 homes last month came as some potential buyers worried about job security, while others waited to see if prices would fall further.