Appraised prices of existing single-family houses in seven Southern California counties increased from a combined average of $140,354 in April to $142,735 in October, according to the latest survey conducted by the Real Estate Research Council of Southern California.
The market price index of the 215 houses surveyed in Los Angeles, Orange, Ventura, Santa Barbara, Riverside, San Bernardino and San Diego counties increased 1.7% from April and 3.4% from October, 1984, according to David L. Parry, executive director of the council.
The report was released at the council's quarterly luncheon meeting Thursday at Cal Poly Pomona.
Parry said that Southland home prices are increasing "moderately, and slightly below the general rate of inflation."
In the October, 1985, survey, prices increased in every county surveyed, with Ventura County showing the greatest increase with 3.67% for the six-month period from April to October, and 6.6% for the one-year period October, 1984, to October, 1984.
Orange County reported the second highest six-month growth with 3.18% (3.55% yearly) and Santa Barbara County reported the second highest yearly increase with 6.49% (1.23% April-October, 1985).