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Bay Area Home Sales Continue Climb, Median Still Below $300K

Apr 16, 2010

La Jolla, CA.—-The number of homes sold in the Bay Area rose for the seventh month in a row in March, the result of continued bargain hunting in the East Bay and other foreclosure-discounted communities. The past year’s steep drop in the median price slowed significantly, indicating that the market might be near its price bottom, a real estate information service reported. A total of 6,325 new and resale houses and condos closed escrow in the nine-county Bay Area last month. That was up 25.7 percent from 5,032 in February and up 29.1 percent from 4,898 in March 2008, according to MDA DataQuick of San Diego.

California March Statewide Home Sales / Median Prices

Apr 16, 2010

An estimated 36,215 new and resale houses and condos were sold statewide last month. That was up 23.9 percent from 29,225 in February and up 47.4 percent from 24,565 for March 2008. Sales have increased on a year-over-year basis the last nine months. California sales for the month of March have varied from last year’s low to a peak of 68,848 in 2005, the average is 44,813. MDA DataQuick’s statistics go back to 1988.

Southland Home Sales Up; Median Levels Off

Apr 15, 2010

La Jolla, CA—Home sales in Southern California increased again last month, led by strong foreclosure resale activity in the Inland Empire. The median price paid for a home was unchanged from January and February, indicating that the market may be exploring price floor levels, a real estate information service reported. A total of 19,486 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 27.9 percent from 15,231 for the prior month, and up 52.1 percent from 12,808 for March 2008, according to MDA DataQuick of San Diego.

Las Vegas Region January Home Sales

Feb 28, 2010

Las Vegas region January home sales fell more than usual from December but were still the highest for that month since 2007 thanks to relatively strong demand for condos and other sub-$200,000 homes. The overall median sale price declined from December, but one home-type category – resale single-family detached houses – showed continued signs of price stability, a real estate information service reported.

Phoenix Metro Area January Home Sales

Feb 28, 2010

Reflecting a trend seen across much of the West, Phoenix region January home sales fell harder than normal from December, but they were still the highest for a January since 2007. The share of homes bought by investors and cash-only buyers rose last month, as did the percentage of homes selling below $100,000 – factors that helped push the overall median sale price lower than the prior month for the second consecutive month, a real estate information service reported.

California January Home Sales

Feb 18, 2010

An estimated 27,858 new and resale houses and condos were sold statewide last month. That was down 33.4 percent from 41,837 in December, and down 5.4 percent from 29,458 for January 2009. A decrease in sales from December to January is normal for the season. California sales for the month of January have varied from a low of 19,145 in 2008 to a peak of 47,137 in 2004, while the average is 32,048. MDA DataQuick’s statistics go back to 1988.

Bay Area Home Sales Fall; Median Price Up from Last Year, Down from December

Feb 18, 2010

The number of Bay Area homes sold in January fell more than usual from December and dropped below the year-ago level for the first time in 17 months. The median sale price rose above last year for the fourth straight month but dipped 8 percent from December as demand shifted more toward foreclosures and less-expensive inland homes, a real estate information service reported.

Southland Home Sales, Median Price Edge Above Year-ago Level

Feb 18, 2010

Southern California home sales eked out a modest gain in January compared with a year earlier but fell sharply – as they normally do – from December. The median price paid rose above the year-ago level for the second consecutive month, but fell 6 percent from December as foreclosures and lower-cost inland markets claimed a higher share of sales, a real estate information service reported.

Southland Home Sales Up Again, Drop in Median Price Smallest in 2 Years

Nov 17, 2009

Southern California home sales rose in October as prices showed more signs of firming. The median sale price fell by the smallest amount in two years, the result of a shrinking inventory of homes for sale and government and industry efforts to stoke demand and curtail foreclosures, a real estate information service reported.

California Mortgage Defaults Trend Down Again

Oct 20, 2009

The number of mortgage default notices filed against California homeowners fell last quarter compared with the prior three-month period, the result of lenders’ evolving foreclosure policies, an uncertain legislative environment and an uptick in the number of mortgages being renegotiated, a real estate information service reported.

A total of 111,689 default notices were sent out during the July-through-September period. That was down 10.3 percent from 124,562 for the prior quarter, and up 18.5 percent from 94,240 in third quarter 2008, according to San Diego-based MDA DataQuick.