As of February 2007 Home Sales
The market appears to be in a state of ‘stalemate’. That is, buyers appear to be holding out for better pricing and sellers are holding tight to the original listing prices. This has resulted in ‘the slowest January in past 9 years’ per Data Quick press release’. Not only is the Market slow for Single Family Residences but Data Quick also reports that sales of vacation homes in California have declined sharply since last year with a 24.9% decline in sales throughout the entire state. The primary areas of interest for second homes in places other than California include Scottsdale, Las Vegas, Tahoe and Bear Mountain
Synopsis of Home Sale Activity
Los Angeles, Orange County, Riverside County, San Bernardino, San Diego, Ventura Counties
(Based on L.A. times Sunday Edition Charts-2006)
Los Angeles County: Sales of single family homes 69,779, Median Price $541,000; Price % Change from 2005; 9.3%; Median Home Price per Sq. Ft. $397
Orange County: Sales of single family homes - 21,417, Median Price - $686,000, Price percentage change from 2005 - 6.0%, Median Home Price per Sq. Ft. - $434
Riverside County: Sales of single family homes - 29,472, Median Price - $407,000, Price percentage change from 2005 - 8.5%, Median Home Price per Sq. Ft. - $241
San Bernardino County: Sales of single family homes - 28,183, Median Price - $360,000, Price percentage change from 2005 - 12.5%, Median Home Price per Sq. Ft. - $245
San Diego County: Sales of single family homes - 21,760, Median Price - $554,000, Price percentage change from 2005 - 0.9%, Median Home Price per Sq. Ft. - $340
Ventura County: Sales of single family homes - 7,106, Median Price - $638,000, Price percentage change from 2005 - 4.1%, Median Home Price per Sq. Ft. - $393
-All figures and data listed are courtesy of Data Quick Information Systems and Los Angeles Times
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