Presented By:

So Cal Real Estate Leads U.S. Higher

News | 23rd Aug 2012

If you live in Southern California and are looking to sell your home, you’re in for some good news.  Home sales were up in June when compared to the same time last year.  The median home price for the area was also up.

The gains seen in June represent the sixth increase in a row.  Investors are snapping up homes and the market is showing signs of rejuvenation.  Although sales in June are down 0.5 percent from May, there is still good news to be had.  Sales for June 2012 are up a healthy 7.5 percent from June 2011.  According to industry reports, a total of 22,075 homes were sold in the region comprised of six Southern California counties.

While experts agree that the numbers are encouraging, it’s not so clear if you look deeper into the data.  While the median sales price is again up, some economists believe this has more to do with the types of homes that are selling, and less to do with a general appreciation in the overall market.

Foreclosures comprise fewer of the homes that are now selling.  Instead, sales are primarily in the markets that contain mid and higher end neighborhoods with more expensive homes.  Although sales for June are much stronger than they have been over the last year, they are still approximately 20 percent below average for the month.

Southern California’s median’s sales price has increased 1.7 percent from May and 5.3 percent from June of last year.  The median sales price has now hit $300,000.

While the numbers show only a modest increase, experts do agree that this is an encouraging sign of growth after the recent housing market slump.  Only time will tell if these numbers foreshadow a general trend of increases across the board.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Share & Print This Post
Choose A Topic Below

How much is your
Home worth?

Looking for a home? Talk to an Area Expert...
  • This field is for validation purposes and should be left unchanged.
Follow Us

16 hours ago

Maxine & Marti Gellens, Berkshire Hathaway HomeServices

With Interest Rates so low this could be a great opportunity to enter the Downtown Real Estate Market
FOR SALE!
702 Ash St # 407
San Diego CA 92101
1 BED | 1 BATH | 782 sq ft
List Price $ 375,000

The ultimate urban lifestyle awaits from this chic, corner-unit condominium in the iconic El Cortez. Light-filled and lovely, the beautifully remodeled interior includes 1 generously-sized bedroom, 1 bath, city views, newer carpet, in-unit laundry, and a gorgeous granite kitchen with newer vinyl flooring and stainless appliances. El Cortez is a historically designated building whereby owners can benefit from the Mills Act property tax reduction. Community amenities include: 24-hour parking attendant, fitness center, an expansive common area terrace pool and spa, as well as on-site management. The ideal downtown locale provides convenient access to a wide variety of shops and eateries, Petco Park, the Gaslamp Quarter, freeways, Balboa Park, and Little Italy. Call our office for more information or to schedule a showing 858-551-6630
Slide Show here -->> bit.ly/2RP6yD3
...

View on Facebook

3 days ago

Maxine & Marti Gellens, Berkshire Hathaway HomeServices

Shana Tova, happy new year! They say if you do what you love, you never work a day in your life. 🥰How lucky are we to be working together as mother-daughter parters, and in this beautiful place to top it off? We believe our clients benefit from the way we love each other and our business.
#shanatova #shanatovalajolla #shanatovadelmar
#motherdaughter #motherdaughterlove #motherdaughterrealestateteam #whoyouworkwithmatters #lajollarealestate #delmarrealestate
...

View on Facebook

Contemporary View Estate AVAILABLE - FOR SALE!

1740 Colgate Circle
La Jolla, California 92037

List Price $4,100,000

Finally, a sizable, soft contemporary estate that checks off all of boxes on your wish list…an exceptionally private, 4+ bedroom home with a pool and a sport court, situated upon a 0.78-acre parcel nestled amongst meticulously landscaped grounds, showcasing views of the city, bay and ocean. Expertly designed by Architect, Marc Tarasuck. Aesthetically pleasing in every regard, the light-filled interior consists of 4 bedrooms plus an office/library, 6 full baths plus a powder room, hardwood flooring throughout, two master suites, one conveniently located on each floor, and a flexible floor plan with generously-sized rooms. The stunning formal and informal living areas, which boast voluminous ceilings and 2 fireplaces, seamlessly flow from one to the next. The gourmet cook’s kitchen offers a breakfast area with disappearing doors opening onto one of several patios, a walk-in pantry plus a butler’s pantry and a 400+ bottle wine cellar. The upper level master suite features spectacular, southerly views of the downtown skyline, bay & ocean, while the spa-inspired bath has a large air-jet tub and an oversized shower. An amazing office/study with a full bath and closet could be the 5th bedroom should the need arise. An entertainer’s dream, the residence is surrounded by gracious patios, breathtaking landscaping which includes a drought-tolerant front yard, rose garden and fruit trees, a large pool, sport court, as well as a hillside ‘secret garden’. Other amenities: 30 photovoltaic solar panels, a rooftop deck with panoramic views, an exterior pool bath, fiber optic wiring for internet, cable & Wi-fi, and landscape lighting throughout. A quiet cul-de-sac location, privacy and views – this one has it all!
CALL OUR OFFICE FOR MORE INFO OR TO SCHEDULE A SHOWING 858-551-6630
www.youtube.com/watch?v=w-gguBPalBY&feature=youtu.be
...

View on Facebook