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Median Home Price

September 17, 2011 | By Alejandro Lazo
California home sales jumped in August, but that was mostly due to a quirk in the calendar providing more business days than usual. The state's median home price dropped year-over-year for the 11th consecutive month. Sales of so-called distressed properties — homes where the borrower was in default or where the property was in foreclosure — continued to make up more than half of California's market for previously owned homes, according to a report by the real estate information firm DataQuick of San Diego.
October 22, 2010 | By Alejandro Lazo, Los Angeles Times
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 | By Alejandro Lazo, Los Angeles Times
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.
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 | By Alejandro Lazo, Los Angeles Times
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.
May 20, 2009 | Peter Y. Hong
Southern California's median home price slipped slightly in April, new figures show, but the volume of home sales tells a tale of two housing markets. In distressed areas such as the Inland Empire, homes are selling at a quickening pace, as buyers snap up foreclosed properties at cut-rate prices. But in more expensive areas such as Pacific Palisades and Corona del Mar, activity is still largely frozen.
July 8, 2011 | By Lauren Beale, Los Angeles Times
A diamond-encrusted lining is emerging in Southern California's cloudy real estate market. At least a half-dozen Westside mega-estates have sold for more than $20 million so far this year — creating a deafening buzz in local realty circles. Only a few home sales in other Southland counties have surpassed the $20-million mark. On the horizon is the close of Candy Spelling's larger-than-White-House-sized "Manor," which has reigned supreme from its $150-million listing price perch in Holmby Hills for more than two years and is expected to eclipse last year's record $50-million Bel-Air sale by a wide margin.
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