Southland Home Sales, Median Price up Over Last Year
January 19, 2010 - From DataQuick News
La Jolla, CA---Southern California home sales in December remained
above year-ago levels for the 18th consecutive month, bolstered by
gains in many mid- to high-end communities. The median sale price rose
year-over-year for the first time since summer 2007, reflecting a more
normal distribution of sales across all price categories, a real estate
information service reported.
A total of 22,328 new and resale homes sold in Los Angeles,
Riverside, San Diego, Ventura, San Bernardino and Orange counties last
month. That was up 16.4 percent from November’s 19,181, and up 12.1
percent from 19,926 in December 2008, according to MDA DataQuick of San
Diego.
Sales almost always rise from November to December. Last
month’s gain was a bit higher than the average increase of 13 percent
since 1988, when DataQuick’s statistics begin.
The December sales tally was the highest for that month
since 24,209 homes sold in December 2006, but it was still 11.2 percent
below the average for a December – 25,143 sales – over the past 22
years.
The sales pattern has changed a lot over the past year,
with many mid-to high-end communities now contributing more
transactions...read more