October 22, 2010 |
California home sales slumped for a third straight month and prices rose slightly, according to data released Thursday. A total of 33,176 newly built and previously owned houses and condominiums sold statewide in September, a 3.1% decline from the previous month and down 17.5% from September 2009, according to real estate research firm MDA DataQuick of San Diego. Real estate professionals and economists expect the sales pace to remain sluggish for the rest of the year as buyers take longer to commit to purchases and sellers wait out the slow period.
September 15, 2012 |
California's housing market showed strength in August with sales posting their best showing for that month in six years and prices holding steady. Sales rose 4.5% from July and 9.4% from August 2011 to total 41,280, real estate firm DataQuick reported. Although still below the historical average for the month, it was the best performance for an August since 2006. The median home price for the state was $281,000, the same as in July and up 14.1% from August 2011. It was the sixth consecutive month that the median rose year-over-year.
CALIFORNIA | LOCAL
September 12, 2000 |
San Fernando Valley home prices hit a record median of $255,000 last month, beating for the first time the mark set in 1989 before the recession devastated home values. The August median price for existing homes--the point at which half the homes sold for more and half for less--was 4.1% more than the $245,000 median record set in June 1989, according to a report released Monday. It also marks a whopping 20.3% leap over the median price in August one year ago.
December 15, 2011 |
California's housing market showed some signs of luster in November with sales picking up over the same month a year earlier, but prices declined and foreclosures remained prevalent. Sales fell 4.2% from the prior month, though a decline from October to November is common, and compared with November 2010 they were up 4%, according to real estate research firm DataQuick. A total of 32,669 homes sold last month, about 18% below the average going back to 1988, when DataQuick's statistics begin.
September 18, 2013 |
The improving economy and booming housing market have prompted an unexpected result: More people are getting divorced. It's not that money necessarily leads to unhappiness. Instead, the recession caused many couples to stay together because their homes were underwater or one or both parties were out of work, said Debra Schoenberg, a San Francisco divorce attorney. "Prior to the recession, a couple's home was one of their largest assets to divide," said Schoenberg, author of the newly released book, "Divorce in California: The Legal Process, Your Rights and What to Expect.
May 15, 2013 |
California's housing market surged last month as prices jumped from Southern California to the San Francisco Bay Area. The state's median home price in April ticked up 3.5% from the previous month and soared 22.7% from the same month a year ago. The median hit $324,000 in April, which is the highest for any month since June 2008, real estate firm DataQuick reported. In the Southland, homes sold at their fastest clip for an April in seven years, with regular buyers and investors snapping up more than 21,000 homes in the six-county region.
June 2, 2010 |
— Two years ago, tony, secluded Fisher Island was perched atop a lofty list: America's most expensive ZIP Code. With a median home price of $3.85 million, 33109 grabbed the No. 1 spot on Forbes magazine's annual ranking — and plenty of glowing media attention. That was then. Now a handful of homes on the 216-acre island have gone into foreclosure, 23 residents are still stinging from their brush with Ponzi schemer Bernie Madoff, and the median price of a unit has slid 15% since the Forbes list came out. That No. 1 ranking?