More good
news impacting the recovering Real Estate industry shows California's median
home prices surging to the highest level in nearly five years. A San Diego research firm said the median
price paid for a home in California in April was $324,000 - the highest since
June 2008.
There were
21,415 homes and condos sold in Southern California last month, up 9.5 percent
from a year ago, DataQuick said.
Southern
California homes continue to sell at a robust rate with rising prices fueled by fewer homes for sale.
With fewer
foreclosures and distressed properties on
the market, home values are on the up. Demand for homes is outpacing the
supply.
Many Buyers
who were reluctant to buy a home during the
recession are feeling more confident with a
stabilizing economy and Real Estate market. Homeowners who participated
in short sales 2-3 years ago are now able to purchase again. As
unemployment decreases, people are now feeling more ready to purchase a home,
but are faced with fewer homes for sale.
Sellers are
gaining equity in their homes and are being presented with multiple offers on
their homes.
We recently
had 16 offers on one of our Listings within 24 hours!
For many
Sellers, this may be the most opportune time to sell or Move Up to another
property.
If you are
thinking of Selling this year, Call Cann Do Realty & Property Management at
951-816-8311 to get your Free Maximum Value Home Marketing Plan
What are
the average home prices in Southern California?
•
Orange $535,000, up 17 percent
•
Riverside $248,000, up 24 percent
•
San Bernardino $195,000, up 25 percent
•
San Diego $400,000, up 21 percent
Source: Data Quick
No comments:
Post a Comment