May 20, 2009 |
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.
September 17, 2011 |
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 |
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.
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?
March 9, 2013 |
Few markets crashed harder than Compton when California's real estate bubble burst. The city's northwest side saw the median home price plummet to $94,000 in 2009, down from $385,000 at the peak. Foreclosures dotted the streets. Families fled, leaving trash and old furniture behind. "There were a lot of empty houses. It was a big mess," said real estate broker Ruben Magdaleno of Re/Max VIP. These days, the working-class community has a new identity: comeback kid. Northwest Compton has posted the most dramatic price jump of any area in Southern California.