Parts of Cali Home Sales Surge in Feb
March 24, 2009 by admin
Filed under california, Positive Real Estate
Sales have increased in California on a year-over-year basis the last eight months. California sales for the month of February have varied from last year’s low to a peak of 48,409 in 2004, while the average is 32,517. MDA DataQuick’s statistics go back to 1988. Bay Area home sales beat the year-ago mark for the sixth straight month in February as the winter market sizzled in many foreclosure-heavy inland areas offering the deepest discounts. The median price dipped below $300,000 for the first time since late 1999.
From David Hoshaw: Santa Clarita Valley Home Sales Surge 45% in February, Price declines Slow, and the median price is up 3% since January 2009. For the eleventh consecutive month, sales of existing single-family home surged compared to the prior year and the rate of falling home prices appears to be easing, the Southland Regional Association of Realtors reported Friday, March 20.
A total of 167 homes closed escrow during February, an increase of 52 transactions or 45.2 percent compared to activity reported 12 months ago. Get his Santa Clarita Foreclosure list
