Tag Archives: real estate update

California Real Estate Market Update – March 2018

 California home sales tick higher in March as median price reaches eight-month high

urban real estate prices, most live in suburbs

– Existing, single-family home sales totaled 423,990 in March on a seasonally adjusted annualized rate, up 0.3 percent from February and 1.6 percent from March 2017.

– March’s statewide median home price was $564,830, up 8.1 percent from February and 8.9 percent from March 2017.

– Alameda, Marin, San Mateo, Santa Clara, San Diego, and Orange counties all hit a new peak price at $955,000, $1,392,500, $1,615,000, $1,454,500, $625,400, and $824,450, respectively…

Graphics (click links to open):

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  The change in median prices should not be construed as actual price changes in specific homes.

Read all of C.A.R.’s report here: “March home sales and price report”.

Real Estate Market Update – March 2017

California Sales Report

The real estate market in California showed strong gains in both single-family sales and the median price.California real estate market update March 2017

This infographic and information is from THE CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

Update on California’s Pending Home Sales – July 2016

California pending home sales post third straight annual June

Source: C.A.R.

urban real estate prices, most live in suburbsLed by the San Francisco Bay Area, California pending home sales continued their June to post three straight months of annual increases, according to the CALIFORNIA OF REALTORS® (C.A.R.).

Making sense of the story

  • Statewide pending home sales rose in June on an annual basis, with the Pending Index (PHSI) increasing 3.2 percent from 123.4 in June 2015 to 127.3 in signed contracts. With pending sales on a rising trend in the past couple increase should portend for higher closed transactions in July and August.
  • California pending home sales declined 7.0 percent on a monthly basis compared primarily due to seasonal factors. When adjusting pending sales for typical pending sales were down 3.2 percent from May and up 3.0 percent from June 2015.
  • After trailing behind Southern California and the Central Valley since the the San Francisco Bay Area led the regions, with pending sales increasing across the state.
  • For the Bay Area as a whole, pending sales were up 5.1 percent from June percent from May. The June increase in Bay Area pending sales suggests the region, which had been trailing behind 2015 in closed sales, primarily and tight inventory.
  • Pending home sales in Southern California as a whole rose 3.2 percent from percent from May, thanks to year-over-year gains of 5.5 percent in Los Angeles percent in San Bernardino County, and 1.3 percent in San Diego County.
  • Pending sales in Central Valley posted a gain of 2.6 percent from the previous down 9.3 percent on a month-to-month basis.
  • Orange County experienced a 6.0 percent decrease from the previous year.

Read the full story: http://www.car.org/newsstand/newsreleases/2016releases/june2016pending